Short Interest in Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Drops By 35.8%

Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Get Free Report) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totalling 345,800 shares, a drop of 35.8% from the September 30th total of 538,300 shares. Based on an average daily trading volume, of 203,900 shares, the days-to-cover ratio is currently 1.7 days. Approximately 0.8% of the company's stock are sold short.

Carlyle Secured Lending Stock Performance

NASDAQ:CGBD traded down $0.16 during mid-day trading on Friday, hitting $17.20. The stock had a trading volume of 110,365 shares, compared to its average volume of 211,889. Carlyle Secured Lending has a twelve month low of $13.31 and a twelve month high of $18.74. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.85 and a current ratio of 1.85. The stock has a market cap of $873.67 million, a price-to-earnings ratio of 10.06 and a beta of 1.59. The company's 50 day simple moving average is $17.13 and its 200 day simple moving average is $17.38.

Carlyle Secured Lending (NASDAQ:CGBD - Get Free Report) last issued its earnings results on Monday, August 5th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.50 by $0.01. Carlyle Secured Lending had a return on equity of 12.74% and a net margin of 44.19%. The company had revenue of $58.26 million during the quarter, compared to the consensus estimate of $42.21 million. During the same period in the previous year, the company posted $0.52 EPS. On average, equities research analysts forecast that Carlyle Secured Lending will post 1.96 earnings per share for the current year.

Carlyle Secured Lending Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Monday, September 30th were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 10.93%. The ex-dividend date of this dividend was Monday, September 30th. Carlyle Secured Lending's payout ratio is 93.57%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Wells Fargo & Company reduced their price target on Carlyle Secured Lending from $17.00 to $16.00 and set an "equal weight" rating for the company in a research report on Tuesday, August 6th. JPMorgan Chase & Co. lowered Carlyle Secured Lending from a "neutral" rating to an "underweight" rating and set a $17.00 price target on the stock. in a research report on Monday, July 29th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Carlyle Secured Lending by 166.6% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 81,929 shares of the company's stock worth $1,334,000 after buying an additional 51,201 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in Carlyle Secured Lending in the 2nd quarter worth about $312,000. Condor Capital Management boosted its holdings in Carlyle Secured Lending by 16.3% in the 2nd quarter. Condor Capital Management now owns 264,311 shares of the company's stock valued at $4,689,000 after purchasing an additional 36,984 shares during the period. Quadrature Capital Ltd grew its position in shares of Carlyle Secured Lending by 6.6% during the 1st quarter. Quadrature Capital Ltd now owns 41,039 shares of the company's stock worth $668,000 after purchasing an additional 2,533 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Carlyle Secured Lending by 2.6% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 258,774 shares of the company's stock worth $4,213,000 after purchasing an additional 6,527 shares during the period. 24.51% of the stock is owned by institutional investors.

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.