XTX Topco Ltd Takes $332,000 Position in Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

XTX Topco Ltd purchased a new position in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 18,541 shares of the company's stock, valued at approximately $332,000.

A number of other hedge funds also recently bought and sold shares of the business. Stifel Financial Corp increased its stake in shares of Carlyle Secured Lending by 3.6% in the 3rd quarter. Stifel Financial Corp now owns 30,274 shares of the company's stock worth $514,000 after acquiring an additional 1,039 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of Carlyle Secured Lending by 30.9% during the 3rd quarter. Jane Street Group LLC now owns 13,775 shares of the company's stock worth $234,000 after purchasing an additional 3,249 shares during the period. Franklin Resources Inc. acquired a new stake in shares of Carlyle Secured Lending during the 3rd quarter worth about $585,000. Redhawk Wealth Advisors Inc. raised its holdings in Carlyle Secured Lending by 5.7% in the 4th quarter. Redhawk Wealth Advisors Inc. now owns 39,403 shares of the company's stock valued at $706,000 after buying an additional 2,139 shares during the period. Finally, Herbst Group LLC boosted its stake in Carlyle Secured Lending by 4.2% during the fourth quarter. Herbst Group LLC now owns 127,180 shares of the company's stock worth $2,280,000 after buying an additional 5,120 shares during the period. Institutional investors and hedge funds own 24.51% of the company's stock.

Carlyle Secured Lending Trading Down 1.0 %

CGBD stock traded down $0.15 during midday trading on Tuesday, reaching $14.90. 43,487 shares of the company's stock traded hands, compared to its average volume of 224,492. Carlyle Secured Lending, Inc. has a fifty-two week low of $13.12 and a fifty-two week high of $18.74. The business has a 50-day moving average price of $16.02 and a two-hundred day moving average price of $17.05. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market capitalization of $759.26 million, a P/E ratio of 8.31 and a beta of 1.22.

Carlyle Secured Lending Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 24th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, March 24th. This represents a $1.60 annualized dividend and a dividend yield of 10.74%. Carlyle Secured Lending's dividend payout ratio is presently 98.77%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on CGBD shares. Bank of America cut Carlyle Secured Lending from a "buy" rating to an "underperform" rating and set a $17.00 price objective on the stock. in a research note on Monday, February 10th. JPMorgan Chase & Co. dropped 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, April 24th. Finally, Wells Fargo & Company decreased their price objective on Carlyle Secured Lending from $17.00 to $14.00 and set an "equal weight" rating on the stock in a research note on Monday.

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.