International Assets Investment Management LLC Acquires 289,456 Shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

International Assets Investment Management LLC boosted its stake in Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Free Report) by 1,597.0% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 307,581 shares of the company's stock after buying an additional 289,456 shares during the quarter. International Assets Investment Management LLC owned approximately 0.61% of Carlyle Secured Lending worth $52,200,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Advisors Asset Management Inc. lifted its position in Carlyle Secured Lending by 4.6% during the first quarter. Advisors Asset Management Inc. now owns 265,325 shares of the company's stock valued at $4,319,000 after buying an additional 11,573 shares in the last quarter. Condor Capital Management boosted its stake in Carlyle Secured Lending by 16.3% during the 2nd quarter. Condor Capital Management now owns 264,311 shares of the company's stock valued at $4,689,000 after acquiring an additional 36,984 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Carlyle Secured Lending by 2.6% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 258,774 shares of the company's stock worth $4,213,000 after buying an additional 6,527 shares during the last quarter. Raymond James & Associates increased its holdings in shares of Carlyle Secured Lending by 3.6% in the 2nd quarter. Raymond James & Associates now owns 126,916 shares of the company's stock valued at $2,251,000 after acquiring an additional 4,459 shares during the last quarter. Finally, Herbst Group LLC bought a new position in Carlyle Secured Lending during the third quarter worth $2,071,000. 24.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CGBD. Wells Fargo & Company reduced their price target on shares of Carlyle Secured Lending from $17.00 to $16.00 and set an "equal weight" rating for the company in a report on Tuesday, August 6th. JPMorgan Chase & Co. cut Carlyle Secured Lending from a "neutral" rating to an "underweight" rating and set a $17.00 target price on the stock. in a research report on Monday, July 29th.

Carlyle Secured Lending Stock Up 0.9 %

Shares of Carlyle Secured Lending stock traded up $0.16 during midday trading on Monday, hitting $17.36. The company's stock had a trading volume of 120,542 shares, compared to its average volume of 211,451. The firm has a market capitalization of $881.80 million, a P/E ratio of 10.06 and a beta of 1.59. Carlyle Secured Lending, Inc. has a 1-year low of $13.37 and a 1-year high of $18.74. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.05. The stock has a 50-day simple moving average of $17.13 and a 200-day simple moving average of $17.38.

Carlyle Secured Lending (NASDAQ:CGBD - Get Free Report) last issued its earnings results on Monday, August 5th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.01. The company had revenue of $58.26 million for the quarter, compared to analyst estimates of $42.21 million. Carlyle Secured Lending had a return on equity of 12.74% and a net margin of 44.19%. During the same period in the prior year, the firm posted $0.52 EPS. As a group, sell-side analysts expect that Carlyle Secured Lending, Inc. 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. Shareholders of record on Monday, September 30th were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.88 dividend on an annualized basis and a yield of 10.83%. Carlyle Secured Lending's payout ratio is currently 93.57%.

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.