Connor Clark & Lunn Investment Management Ltd. Invests $717,000 in Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 39,976 shares of the company's stock, valued at approximately $717,000. Connor Clark & Lunn Investment Management Ltd. owned 0.08% of Carlyle Secured Lending at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CGBD. Canton Hathaway LLC acquired a new stake in Carlyle Secured Lending in the 4th quarter valued at about $47,000. Great Valley Advisor Group Inc. lifted its stake in Carlyle Secured Lending by 12.9% during the third quarter. Great Valley Advisor Group Inc. now owns 13,165 shares of the company's stock valued at $223,000 after purchasing an additional 1,500 shares during the last quarter. EMC Capital Management boosted its holdings in Carlyle Secured Lending by 56.9% during the fourth quarter. EMC Capital Management now owns 13,021 shares of the company's stock worth $233,000 after buying an additional 4,722 shares in the last quarter. Jane Street Group LLC boosted its holdings in Carlyle Secured Lending by 30.9% during the third quarter. Jane Street Group LLC now owns 13,775 shares of the company's stock worth $234,000 after buying an additional 3,249 shares in the last quarter. Finally, Round Rock Advisors LLC acquired a new stake in shares of Carlyle Secured Lending during the 4th quarter valued at $333,000. Institutional investors own 24.51% of the company's stock.

Carlyle Secured Lending Stock Up 1.0 %

Carlyle Secured Lending stock traded up $0.16 during mid-day trading on Wednesday, hitting $16.84. The company's stock had a trading volume of 228,784 shares, compared to its average volume of 210,281. Carlyle Secured Lending, Inc. has a 52-week low of $15.01 and a 52-week high of $18.74. The company has a market cap of $858.12 million, a PE ratio of 9.41 and a beta of 1.57. 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 firm's 50 day moving average is $17.71 and its 200 day moving average is $17.46.

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Carlyle Secured Lending Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 24th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 9.50%. The ex-dividend date of this dividend is Monday, March 24th. Carlyle Secured Lending's dividend payout ratio is 98.77%.

Analysts Set New Price Targets

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

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.