Raymond James Financial Inc. Takes $3.22 Million Position in Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

Raymond James Financial Inc. acquired a new position in Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Invesco Ltd. lifted its stake in shares of Carlyle Secured Lending by 1,449.1% in the 4th quarter. Invesco Ltd. now owns 659,564 shares of the company's stock worth $11,826,000 after acquiring an additional 616,988 shares during the period. Wells Fargo & Company MN lifted its position in Carlyle Secured Lending by 10.0% in the fourth quarter. Wells Fargo & Company MN now owns 31,778 shares of the company's stock worth $570,000 after purchasing an additional 2,893 shares during the period. Trexquant Investment LP boosted its stake in Carlyle Secured Lending by 25.3% during the 4th quarter. Trexquant Investment LP now owns 69,850 shares of the company's stock valued at $1,252,000 after purchasing an additional 14,120 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Carlyle Secured Lending by 37.8% during the 4th quarter. JPMorgan Chase & Co. now owns 29,629 shares of the company's stock valued at $531,000 after purchasing an additional 8,129 shares during the period. Finally, Condor Capital Management increased its position in shares of Carlyle Secured Lending by 8.3% during the 4th quarter. Condor Capital Management now owns 266,836 shares of the company's stock valued at $4,784,000 after purchasing an additional 20,344 shares during the period. Institutional investors own 24.51% of the company's stock.

Carlyle Secured Lending Trading Up 1.3 %

NASDAQ:CGBD opened at $14.78 on Monday. The stock has a fifty day simple moving average of $16.08 and a 200 day simple moving average of $17.06. The firm has a market capitalization of $753.14 million, a price-to-earnings ratio of 8.26 and a beta of 1.22. Carlyle Secured Lending, Inc. has a 1-year low of $13.12 and a 1-year high of $18.74. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.99.

Carlyle Secured Lending Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 24th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 10.83%. The ex-dividend date of this dividend was Monday, March 24th. Carlyle Secured Lending's dividend payout ratio (DPR) is currently 98.77%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CGBD shares. Bank of America lowered Carlyle Secured Lending from a "buy" rating to an "underperform" rating and set a $17.00 target price on the stock. in a report on Monday, February 10th. Wells Fargo & Company boosted their target price on shares of Carlyle Secured Lending from $16.00 to $17.00 and gave the stock an "equal weight" rating in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Carlyle Secured Lending from $17.00 to $14.00 and set an "underweight" rating for the company in a report on Thursday.

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.

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