Carlyle Secured Lending (NASDAQ:CGBD) Sets New 12-Month High at $18.33

Carlyle Secured Lending, Inc. (NASDAQ:CGBD)’s share price hit a new 52-week high during trading on Friday . The company traded as high as $18.33 and last traded at $18.33, with a volume of 38 shares traded. The stock had previously closed at $18.21.

Carlyle Secured Lending Stock Performance

The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 1.07. The stock has a market cap of $928.95 million, a PE ratio of 10.65 and a beta of 1.60. The stock has a 50-day moving average of $17.86 and a 200 day moving average of $16.57.

Carlyle Secured Lending (NASDAQ:CGBD) last posted its earnings results on Tuesday, May 7th. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.02. Carlyle Secured Lending had a return on equity of 12.92% and a net margin of 38.15%. The company had revenue of $44.14 million for the quarter, compared to the consensus estimate of $42.86 million. Equities analysts predict that Carlyle Secured Lending, Inc. will post 2.05 EPS for the current fiscal year.

Carlyle Secured Lending Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 17th. Investors of record on Friday, June 28th will be paid a dividend of $0.47 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.88 annualized dividend and a yield of 10.28%. Carlyle Secured Lending’s payout ratio is 93.57%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CGBD. International Assets Investment Management LLC grew its stake in Carlyle Secured Lending by 327.2% during the 4th quarter. International Assets Investment Management LLC now owns 271,150 shares of the company’s stock worth $40,560,000 after purchasing an additional 207,685 shares in the last quarter. Raymond James & Associates boosted its position in shares of Carlyle Secured Lending by 80.8% during the 4th quarter. Raymond James & Associates now owns 131,643 shares of the company’s stock worth $1,969,000 after acquiring an additional 58,841 shares in the last quarter. Bright Futures Wealth Management LLC. acquired a new position in shares of Carlyle Secured Lending during the 1st quarter worth about $873,000. Hennion & Walsh Asset Management Inc. boosted its position in shares of Carlyle Secured Lending by 166.6% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 81,929 shares of the company’s stock worth $1,334,000 after acquiring an additional 51,201 shares in the last quarter. Finally, Global Retirement Partners LLC purchased a new stake in shares of Carlyle Secured Lending in the 4th quarter valued at about $656,000. 24.51% of the stock is owned by institutional investors and hedge funds.

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.