Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Short Interest Update

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) saw a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 915,000 shares, an increase of 189.3% from the December 15th total of 316,300 shares. Approximately 2.0% of the shares of the company are short sold. Based on an average daily volume of 195,000 shares, the short-interest ratio is presently 4.7 days.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company dropped their price objective on Carlyle Secured Lending from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 7th.

Carlyle Secured Lending Stock Performance

Shares of NASDAQ:CGBD traded up $0.19 on Wednesday, hitting $18.06. 228,790 shares of the company were exchanged, compared to its average volume of 216,299. Carlyle Secured Lending has a one year low of $14.76 and a one year high of $18.74. The firm has a market capitalization of $919.36 million, a price-to-earnings ratio of 10.09 and a beta of 1.57. The company’s 50 day moving average price is $17.43 and its two-hundred day moving average price is $17.32. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.11 and a current ratio of 1.11.

Carlyle Secured Lending (NASDAQ:CGBD) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.01. Carlyle Secured Lending had a net margin of 40.69% and a return on equity of 12.60%. The firm had revenue of $55.97 million for the quarter, compared to analysts’ expectations of $39.92 million. During the same period in the prior year, the firm earned $0.52 earnings per share. Research analysts expect that Carlyle Secured Lending will post 1.98 earnings per share for the current year.

Carlyle Secured Lending Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 9.97%. The ex-dividend date of this dividend is Tuesday, December 31st. Carlyle Secured Lending’s dividend payout ratio (DPR) is presently 89.39%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Stifel Financial Corp raised its position in shares of Carlyle Secured Lending by 3.6% during the third 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. Rockefeller Capital Management L.P. increased its position in Carlyle Secured Lending by 5.0% in the third quarter. Rockefeller Capital Management L.P. now owns 31,058 shares of the company’s stock worth $527,000 after purchasing an additional 1,490 shares during the period. Great Valley Advisor Group Inc. raised its holdings in Carlyle Secured Lending by 12.9% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 13,165 shares of the company’s stock worth $223,000 after purchasing an additional 1,500 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Carlyle Secured Lending by 8.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 19,150 shares of the company’s stock valued at $325,000 after purchasing an additional 1,546 shares during the period. Finally, United Advisor Group LLC boosted its stake in shares of Carlyle Secured Lending by 13.6% in the 3rd quarter. United Advisor Group LLC now owns 15,105 shares of the company’s stock valued at $256,000 after purchasing an additional 1,803 shares during the last quarter. 24.51% of the stock is currently owned by institutional investors.

Carlyle Secured Lending Company 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.