Carlyle Secured Lending (NASDAQ:CGBD) Stock Price Down 7.3% - Time to Sell?

Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Get Free Report)'s stock price dropped 7.3% during trading on Monday . The company traded as low as $13.12 and last traded at $13.69. Approximately 430,850 shares were traded during mid-day trading, an increase of 98% from the average daily volume of 217,940 shares. The stock had previously closed at $14.77.

Wall Street Analyst Weigh In

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

Carlyle Secured Lending Stock Performance

The firm's 50 day moving average price is $16.76 and its 200-day moving average price is $17.26. The firm has a market cap of $714.42 million, a price-to-earnings ratio of 7.83 and a beta of 1.22. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.11 and a quick ratio of 1.11.

Carlyle Secured Lending Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 24th will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, March 24th. This represents a $1.60 annualized dividend and a dividend yield of 11.41%. Carlyle Secured Lending's payout ratio is 98.77%.

Institutional Trading of Carlyle Secured Lending

Hedge funds have recently modified their holdings of the company. Aquatic Capital Management LLC boosted its stake in Carlyle Secured Lending by 541.8% during the fourth quarter. Aquatic Capital Management LLC now owns 2,567 shares of the company's stock worth $46,000 after buying an additional 2,167 shares in the last quarter. Canton Hathaway LLC bought a new position in shares of Carlyle Secured Lending during the 4th quarter worth about $47,000. Lido Advisors LLC boosted its position in shares of Carlyle Secured Lending by 12.3% during 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. EMC Capital Management increased its stake in Carlyle Secured Lending by 56.9% in the fourth quarter. EMC Capital Management now owns 13,021 shares of the company's stock valued at $233,000 after acquiring an additional 4,722 shares during the period. Finally, Jane Street Group LLC raised its position in Carlyle Secured Lending by 30.9% in the third quarter. Jane Street Group LLC now owns 13,775 shares of the company's stock worth $234,000 after purchasing an additional 3,249 shares in the last quarter. Institutional investors own 24.51% of the company's stock.

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.