Raymond James Financial Inc. Acquires Shares of 179,764 Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

Raymond James Financial Inc. acquired a new position in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 179,764 shares of the company's stock, valued at approximately $3,223,000. Raymond James Financial Inc. owned 0.35% of Carlyle Secured Lending at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Verdence Capital Advisors LLC lifted its position in Carlyle Secured Lending by 10.8% during the 4th quarter. Verdence Capital Advisors LLC now owns 32,302 shares of the company's stock worth $579,000 after acquiring an additional 3,150 shares during the period. Canton Hathaway LLC purchased a new position in shares of Carlyle Secured Lending in the fourth quarter worth about $47,000. Edge Capital Group LLC lifted its holdings in shares of Carlyle Secured Lending by 470.2% during the fourth quarter. Edge Capital Group LLC now owns 64,518 shares of the company's stock worth $1,157,000 after purchasing an additional 53,204 shares during the period. Global Retirement Partners LLC boosted its position in Carlyle Secured Lending by 3.5% in the fourth quarter. Global Retirement Partners LLC now owns 50,093 shares of the company's stock valued at $898,000 after buying an additional 1,679 shares during the last quarter. Finally, Apollon Wealth Management LLC increased its holdings in Carlyle Secured Lending by 53.1% in the 4th quarter. Apollon Wealth Management LLC now owns 30,386 shares of the company's stock worth $545,000 after buying an additional 10,538 shares during the period. 24.51% of the stock is owned by hedge funds and other institutional investors.

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Carlyle Secured Lending Stock Performance

CGBD stock traded down $0.54 during trading on Monday, hitting $16.18. 792,317 shares of the company traded hands, compared to its average volume of 213,328. 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, Inc. has a 1 year low of $15.01 and a 1 year high of $18.74. The stock's 50-day simple moving average is $17.58 and its 200 day simple moving average is $17.46. The company has a market cap of $824.48 million, a PE ratio of 9.04 and a beta of 1.57.

Carlyle Secured Lending Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 24th will be issued a $0.40 dividend. The ex-dividend date is Monday, March 24th. This represents a $1.60 dividend on an annualized basis and a yield of 9.89%. Carlyle Secured Lending's payout ratio is 98.77%.

Wall Street Analyst Weigh In

CGBD has been the subject of a number of recent research reports. Wells Fargo & Company raised their price target on shares of 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. Bank of America cut shares of Carlyle Secured Lending from a "buy" rating to an "underperform" rating and set a $17.00 target price for the company. in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. upped their price target on shares of Carlyle Secured Lending from $16.00 to $17.00 and gave the company an "underweight" rating in a report on Monday, February 3rd.

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.