Carlyle Secured Lending (NASDAQ:CGBD) Sees Unusually-High Trading Volume - What's Next?

Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Get Free Report) saw an uptick in trading volume on Monday . 137,704 shares were traded during mid-day trading, a decline of 35% from the previous session's volume of 210,840 shares.The stock last traded at $16.10 and had previously closed at $16.72.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on CGBD shares. Wells Fargo & Company lifted their target price on Carlyle Secured Lending from $16.00 to $17.00 and gave the stock an "equal weight" rating in a report on Wednesday, January 29th. Bank of America downgraded Carlyle Secured Lending from a "buy" rating to an "underperform" rating and set a $17.00 price objective on the stock. in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. increased their target price on Carlyle Secured Lending from $16.00 to $17.00 and gave the company an "underweight" rating in a research report on Monday, February 3rd.

Carlyle Secured Lending Stock Performance

The company has a debt-to-equity ratio of 0.99, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market cap of $828.05 million, a PE ratio of 9.08 and a beta of 1.57. The business has a fifty day simple moving average of $17.49 and a two-hundred day simple moving average of $17.44.

Carlyle Secured Lending Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 24th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 9.85%. The ex-dividend date of this dividend is Monday, March 24th. Carlyle Secured Lending's dividend payout ratio is presently 98.77%.

Remove Ads

Institutional Investors Weigh In On Carlyle Secured Lending

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CGBD. Novare Capital Management LLC increased its stake in Carlyle Secured Lending by 0.5% during the 4th quarter. Novare Capital Management LLC now owns 178,705 shares of the company's stock worth $3,204,000 after buying an additional 900 shares in the last quarter. Stifel Financial Corp lifted its stake in Carlyle Secured Lending by 3.6% during the third quarter. Stifel Financial Corp now owns 30,274 shares of the company's stock worth $514,000 after purchasing an additional 1,039 shares in the last quarter. Lido Advisors LLC grew its position in Carlyle Secured Lending by 12.3% in the 4th quarter. Lido Advisors LLC now owns 11,416 shares of the company's stock valued at $210,000 after acquiring an additional 1,247 shares in the last quarter. HighTower Advisors LLC increased its stake in Carlyle Secured Lending by 1.9% during the 4th quarter. HighTower Advisors LLC now owns 75,065 shares of the company's stock worth $1,346,000 after buying an additional 1,373 shares during the period. Finally, Rockefeller Capital Management L.P. raised its stake in shares of Carlyle Secured Lending by 5.0% in the third quarter. Rockefeller Capital Management L.P. now owns 31,058 shares of the company's stock valued at $527,000 after acquiring an additional 1,490 shares in the last quarter. 24.51% of the stock is owned by institutional investors and hedge funds.

About Carlyle Secured Lending

Carlyle Secured Lending, Inc is business development company specializing in first lien debt, senior secured loans, second lien senior secured loan unsecured debt, mezzanine debt and investments in equities. It specializes in directly investing. It specializes in middle market. It targets healthcare and pharmaceutical, aerospace and defense, high tech industries, business services, software, beverage food and tobacco, hotel gamming and leisure, banking finance insurance and in real estate sector.