Condor Capital Management Purchases 20,344 Shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

Condor Capital Management raised its stake in Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Free Report) by 8.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 266,836 shares of the company's stock after buying an additional 20,344 shares during the quarter. Condor Capital Management owned 0.52% of Carlyle Secured Lending worth $4,784,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jane Street Group LLC increased its stake in shares of 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 acquiring an additional 3,249 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Carlyle Secured Lending during the 3rd quarter worth about $492,000. Hager Investment Management Services LLC purchased a new stake in shares of Carlyle Secured Lending during the 4th quarter worth about $4,093,000. Franklin Resources Inc. bought a new stake in shares of Carlyle Secured Lending in the 3rd quarter valued at approximately $585,000. Finally, Edge Capital Group LLC increased its holdings in Carlyle Secured Lending by 470.2% in the fourth quarter. Edge Capital Group LLC now owns 64,518 shares of the company's stock worth $1,157,000 after buying an additional 53,204 shares during the last quarter. Hedge funds and other institutional investors own 24.51% of the company's stock.

Analyst Ratings Changes

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

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Carlyle Secured Lending Stock Performance

Shares of NASDAQ:CGBD traded down $0.61 during trading on Monday, reaching $16.52. The stock had a trading volume of 365,485 shares, compared to its average volume of 210,409. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.99. The stock has a fifty day simple moving average of $17.73 and a two-hundred day simple moving average of $17.46. The firm has a market capitalization of $841.81 million, a price-to-earnings ratio of 9.23 and a beta of 1.57. Carlyle Secured Lending, Inc. has a 52 week low of $15.01 and a 52 week high of $18.74.

Carlyle Secured Lending Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 24th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 9.69%. The ex-dividend date of this dividend is Monday, March 24th. Carlyle Secured Lending's dividend payout ratio (DPR) is 98.77%.

Carlyle Secured Lending Profile

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.