Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Sees Significant Growth in Short Interest

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) saw a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 325,600 shares, a growth of 37.4% from the November 15th total of 237,000 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average trading volume of 174,200 shares, the short-interest ratio is presently 1.9 days.

Institutional Trading of Carlyle Secured Lending

A number of hedge funds have recently modified their holdings of CGBD. Franklin Resources Inc. bought a new stake in Carlyle Secured Lending in the third quarter valued at about $585,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Carlyle Secured Lending in the 3rd quarter worth approximately $492,000. Jane Street Group LLC raised its stake in Carlyle Secured Lending by 30.9% during the third quarter. Jane Street Group LLC now owns 13,775 shares of the company’s stock worth $234,000 after acquiring an additional 3,249 shares in the last quarter. Stifel Financial Corp boosted 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 valued at $514,000 after purchasing an additional 1,039 shares in the last quarter. Finally, Rockefeller Capital Management L.P. boosted its stake in shares of Carlyle Secured Lending by 5.0% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 31,058 shares of the company’s stock valued at $527,000 after purchasing an additional 1,490 shares in the last quarter. Institutional investors own 24.51% of the company’s stock.

Carlyle Secured Lending Stock Up 0.7 %

Shares of NASDAQ:CGBD traded up $0.13 on Friday, reaching $17.79. The company had a trading volume of 204,057 shares, compared to its average volume of 205,537. Carlyle Secured Lending has a twelve month low of $14.76 and a twelve month 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. The stock has a 50-day moving average price of $17.10 and a 200 day moving average price of $17.31. The stock has a market capitalization of $905.69 million, a P/E ratio of 9.87 and a beta of 1.59.

Carlyle Secured Lending (NASDAQ:CGBD) last posted its earnings results on Tuesday, November 5th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. The business had revenue of $55.97 million for the quarter, compared to analyst estimates of $39.92 million. Carlyle Secured Lending had a net margin of 40.69% and a return on equity of 12.60%. During the same period last year, the business posted $0.52 EPS. On average, equities analysts expect that Carlyle Secured Lending will post 1.98 EPS for the current year.

Carlyle Secured Lending Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.45 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.80 annualized dividend and a yield of 10.12%. Carlyle Secured Lending’s dividend payout ratio is 89.39%.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company decreased their target price 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.

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.