Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lowered its position in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Free Report) by 13.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 211,666 shares of the company's stock after selling 33,602 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.42% of Carlyle Secured Lending worth $3,592,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC raised its holdings in Carlyle Secured Lending by 1,597.0% during 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 in the last quarter. Herbst Group LLC purchased a new position in shares of Carlyle Secured Lending during the 3rd quarter worth approximately $2,071,000. Bright Futures Wealth Management LLC. acquired a new stake in shares of Carlyle Secured Lending in the 1st quarter valued at approximately $873,000. Condor Capital Management boosted its stake 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 valued at $4,689,000 after buying an additional 36,984 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its stake in shares of Carlyle Secured Lending by 44.4% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 118,341 shares of the company's stock valued at $2,099,000 after buying an additional 36,412 shares in the last quarter. Institutional investors and hedge funds own 24.51% of the company's stock.

Analyst Ratings Changes

CGBD has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. downgraded Carlyle Secured Lending from a "neutral" rating to an "underweight" rating and set a $17.00 target price for the company. in a report on Monday, July 29th. Wells Fargo & Company cut 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 Thursday, November 7th.

Carlyle Secured Lending Stock Performance

NASDAQ CGBD opened at $16.37 on Tuesday. The business has a 50 day moving average price of $17.08 and a 200 day moving average price of $17.36. The company has a market capitalization of $833.40 million, a P/E ratio of 9.15 and a beta of 1.59. Carlyle Secured Lending, Inc. has a 1-year low of $14.65 and a 1-year high of $18.74. 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 announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.49 earnings per share for the quarter, beating analysts' consensus estimates of $0.48 by $0.01. Carlyle Secured Lending had a return on equity of 12.60% and a net margin of 40.69%. The business had revenue of $55.97 million during the quarter, compared to analysts' expectations of $39.92 million. During the same quarter last year, the business posted $0.52 earnings per share. Sell-side analysts expect that Carlyle Secured Lending, Inc. will post 1.99 EPS for the current fiscal year.

Carlyle Secured Lending Cuts Dividend

The firm also recently announced 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 dividend on an annualized basis and a yield of 11.00%. The ex-dividend date of this dividend is Tuesday, December 31st. Carlyle Secured Lending's payout ratio is currently 89.39%.

Carlyle Secured Lending 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.