Muzinich & Co. Inc. Has $3.68 Million Stake in Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

Muzinich & Co. Inc. trimmed its position in Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Free Report) by 13.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 216,755 shares of the company's stock after selling 33,602 shares during the quarter. Carlyle Secured Lending makes up 2.6% of Muzinich & Co. Inc.'s portfolio, making the stock its 13th biggest position. Muzinich & Co. Inc. owned 0.43% of Carlyle Secured Lending worth $3,678,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CGBD. International Assets Investment Management LLC raised its holdings in Carlyle Secured Lending by 1,597.0% in the third quarter. International Assets Investment Management LLC now owns 307,581 shares of the company's stock worth $52,200,000 after purchasing an additional 289,456 shares during the period. Advisors Asset Management Inc. raised its stake in Carlyle Secured Lending by 4.6% during the 1st quarter. Advisors Asset Management Inc. now owns 265,325 shares of the company's stock worth $4,319,000 after buying an additional 11,573 shares during the period. Condor Capital Management increased its holdings in shares of Carlyle Secured Lending by 16.3% in the second quarter. Condor Capital Management now owns 264,311 shares of the company's stock worth $4,689,000 after acquiring an additional 36,984 shares in the last quarter. Raymond James & Associates raised its position in shares of Carlyle Secured Lending by 3.6% during the second quarter. Raymond James & Associates now owns 126,916 shares of the company's stock worth $2,251,000 after purchasing an additional 4,459 shares during the period. Finally, Herbst Group LLC bought a new position in shares of Carlyle Secured Lending during the 3rd quarter valued at about $2,071,000. 24.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CGBD has been the subject of a number of research reports. JPMorgan Chase & Co. cut Carlyle Secured Lending from a "neutral" rating to an "underweight" rating and set a $17.00 target price for the company. in a research note on Monday, July 29th. Wells Fargo & Company cut their price objective on shares of Carlyle Secured Lending from $17.00 to $16.00 and set an "equal weight" rating on the stock in a research report on Thursday, November 7th.

Carlyle Secured Lending Stock Down 0.4 %

Shares of CGBD traded down $0.07 during mid-day trading on Friday, hitting $16.22. 128,090 shares of the company's stock were exchanged, compared to its average volume of 170,143. The company has a market cap of $825.76 million, a PE ratio of 9.06 and a beta of 1.59. Carlyle Secured Lending, Inc. has a 52 week low of $14.64 and a 52 week high of $18.74. The company has a 50-day simple moving average of $17.09 and a 200 day simple moving average of $17.37. 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 (NASDAQ:CGBD - Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.49 EPS for the quarter, topping 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 company had revenue of $55.97 million during the quarter, compared to the consensus estimate of $39.92 million. During the same period in the prior year, the business posted $0.52 EPS. On average, research analysts forecast that Carlyle Secured Lending, Inc. will post 1.99 earnings per share for the current fiscal year.

Carlyle Secured Lending Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 11.10%. The ex-dividend date is Tuesday, December 31st. Carlyle Secured Lending's dividend payout ratio (DPR) is 89.39%.

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.