Carlyle Secured Lending (NASDAQ:CGBD) Sees Strong Trading Volume – What’s Next?

Shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) saw strong trading volume on Monday . 137,704 shares changed hands during trading, a decline of 35% from the previous session’s volume of 210,840 shares.The stock last traded at $16.10 and had previously closed at $16.72.

Wall Street Analysts Forecast Growth

CGBD has been the topic of several recent research reports. Wells Fargo & Company increased their price objective on Carlyle Secured Lending from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 29th. Bank of America downgraded Carlyle Secured Lending from a “buy” rating to an “underperform” rating and set a $17.00 target price for the company. in a research report on Monday, February 10th. Finally, JPMorgan Chase & Co. increased their price target on shares of Carlyle Secured Lending from $16.00 to $17.00 and gave the stock an “underweight” rating in a research report on Monday, February 3rd.

Carlyle Secured Lending Stock Down 4.1 %

The firm’s fifty day moving average price is $17.62 and its 200-day moving average price is $17.47. The company has a market capitalization of $816.69 million, a price-to-earnings ratio of 8.96 and a beta of 1.57. 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 Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 24th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 9.98%. The ex-dividend date is Monday, March 24th. Carlyle Secured Lending’s payout ratio is currently 98.77%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE lifted its holdings in Carlyle Secured Lending by 3.8% in the fourth quarter. Bank of America Corp DE now owns 1,192,606 shares of the company’s stock valued at $21,383,000 after buying an additional 44,033 shares during the period. Invesco Ltd. boosted its position in shares of Carlyle Secured Lending by 1,449.1% during the fourth quarter. Invesco Ltd. now owns 659,564 shares of the company’s stock valued at $11,826,000 after buying an additional 616,988 shares during the last quarter. Condor Capital Management grew its stake in shares of Carlyle Secured Lending by 8.3% in the 4th quarter. Condor Capital Management now owns 266,836 shares of the company’s stock worth $4,784,000 after acquiring an additional 20,344 shares in the last quarter. Hager Investment Management Services LLC purchased a new stake in shares of Carlyle Secured Lending in the fourth quarter valued at about $4,093,000. Finally, Raymond James Financial Inc. bought a new position in shares of Carlyle Secured Lending during the fourth quarter valued at about $3,223,000. 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.