International Assets Investment Management LLC Decreases Stock Holdings in Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

International Assets Investment Management LLC trimmed its position in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Free Report) by 94.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,125 shares of the company's stock after selling 289,456 shares during the period. International Assets Investment Management LLC's holdings in Carlyle Secured Lending were worth $328,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Y Intercept Hong Kong Ltd purchased a new stake in Carlyle Secured Lending in the third quarter worth about $492,000. Private Advisor Group LLC bought a new position in Carlyle Secured Lending in the 3rd quarter worth about $235,000. Jane Street Group LLC grew its position in Carlyle Secured Lending by 30.9% during the 3rd quarter. Jane Street Group LLC now owns 13,775 shares of the company's stock valued at $234,000 after purchasing an additional 3,249 shares during the last quarter. Franklin Resources Inc. bought a new position in shares of Carlyle Secured Lending in the third quarter worth approximately $585,000. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of Carlyle Secured Lending by 8.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 19,150 shares of the company's stock valued at $325,000 after buying an additional 1,546 shares during the last quarter. Institutional investors own 24.51% of the company's stock.

Carlyle Secured Lending Stock Performance

CGBD stock traded down $0.50 during trading on Monday, reaching $17.37. The stock had a trading volume of 124,017 shares, compared to its average volume of 199,428. Carlyle Secured Lending, Inc. has a 52 week low of $14.76 and a 52 week high of $18.74. The firm has a market cap of $884.24 million, a PE ratio of 9.70 and a beta of 1.57. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.99. The stock's 50 day moving average is $17.38 and its two-hundred day moving average is $17.32.

Carlyle Secured Lending (NASDAQ:CGBD - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.01. Carlyle Secured Lending had a net margin of 40.69% and a return on equity of 12.60%. The firm had revenue of $55.97 million during the quarter, compared to the consensus estimate of $39.92 million. During the same quarter in the previous year, the firm posted $0.52 EPS. As a group, equities analysts anticipate that Carlyle Secured Lending, Inc. will post 1.98 earnings per share for the current year.

Carlyle Secured Lending Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 10.36%. The ex-dividend date of this dividend is Tuesday, December 31st. Carlyle Secured Lending's dividend payout ratio (DPR) is 89.39%.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company reduced their target price on Carlyle Secured Lending from $17.00 to $16.00 and set an "equal weight" rating for the company in a report on Thursday, November 7th.

Carlyle Secured Lending Company 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.