BluePointe Capital Management LLC Grows Stock Position in Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

BluePointe Capital Management LLC boosted its holdings in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) by 4.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 58,273 shares of the company’s stock after acquiring an additional 2,691 shares during the period. BluePointe Capital Management LLC owned about 0.11% of Carlyle Secured Lending worth $1,020,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of CGBD. Janney Montgomery Scott LLC increased its position in Carlyle Secured Lending by 15.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 51,117 shares of the company’s stock worth $832,000 after purchasing an additional 6,947 shares in the last quarter. Kingsview Wealth Management LLC acquired a new position in shares of Carlyle Secured Lending in the first quarter valued at approximately $171,000. CANADA LIFE ASSURANCE Co raised its position in shares of Carlyle Secured Lending by 13.4% in the first quarter. CANADA LIFE ASSURANCE Co now owns 46,578 shares of the company’s stock valued at $759,000 after buying an additional 5,500 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Carlyle Secured Lending by 4.6% during the first quarter. Advisors Asset Management Inc. now owns 265,325 shares of the company’s stock valued at $4,319,000 after buying an additional 11,573 shares during the period. Finally, Quadrature Capital Ltd boosted its position in Carlyle Secured Lending by 6.6% during the first quarter. Quadrature Capital Ltd now owns 41,039 shares of the company’s stock worth $668,000 after acquiring an additional 2,533 shares during the last quarter. Hedge funds and other institutional investors own 24.51% of the company’s stock.

Carlyle Secured Lending Price Performance

CGBD opened at $16.29 on Friday. The company has a market capitalization of $829.32 million, a P/E ratio of 9.10 and a beta of 1.59. The company has a 50-day moving average of $17.10 and a 200-day moving average of $17.37. 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, Inc. has a 1-year low of $14.58 and a 1-year high of $18.74.

Carlyle Secured Lending (NASDAQ:CGBD) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. The firm had revenue of $55.97 million during the quarter, compared to the consensus estimate of $39.92 million. Carlyle Secured Lending had a return on equity of 12.60% and a net margin of 40.69%. During the same period in the prior year, the business earned $0.52 EPS. Equities analysts expect that Carlyle Secured Lending, Inc. will post 1.99 EPS for the current fiscal year.

Carlyle Secured Lending Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 11.05%. Carlyle Secured Lending’s dividend payout ratio is currently 89.39%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CGBD. JPMorgan Chase & Co. lowered shares of Carlyle Secured Lending from a “neutral” rating to an “underweight” rating and set a $17.00 price objective on the stock. in a report on Monday, July 29th. Wells Fargo & Company dropped their price target on shares of Carlyle Secured Lending from $17.00 to $16.00 and set an “equal weight” rating for the company in a research report on Thursday, November 7th.

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.