Grimes & Company Inc. Grows Position in Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

Grimes & Company Inc. raised its position in Carlyle Secured Lending, Inc. (NASDAQ:CGBD) by 28.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 30,104 shares of the company’s stock after buying an additional 6,690 shares during the quarter. Grimes & Company Inc.’s holdings in Carlyle Secured Lending were worth $540,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Jane Street Group LLC raised its holdings in shares of Carlyle Secured Lending by 30.9% in the 3rd quarter. Jane Street Group LLC now owns 13,775 shares of the company’s stock worth $234,000 after purchasing an additional 3,249 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in shares of Carlyle Secured Lending in the 3rd quarter worth about $492,000. Private Advisor Group LLC purchased a new position in shares of Carlyle Secured Lending in the 3rd quarter worth about $235,000. Franklin Resources Inc. purchased a new position in shares of Carlyle Secured Lending in the 3rd quarter worth about $585,000. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of Carlyle Secured Lending by 8.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 19,150 shares of the company’s stock worth $325,000 after purchasing an additional 1,546 shares during the period. 24.51% of the stock is currently owned by hedge funds and other institutional investors.

Carlyle Secured Lending Price Performance

CGBD stock opened at $18.31 on Friday. 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 $14.76 and a 1 year high of $18.74. The firm has a market cap of $932.09 million, a P/E ratio of 10.23 and a beta of 1.57. The stock has a 50-day simple moving average of $17.73 and a 200-day simple moving average of $17.34.

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. Carlyle Secured Lending had a return on equity of 12.60% and a net margin of 40.69%. The business had revenue of $55.97 million during the quarter, compared to analyst estimates of $39.92 million. During the same quarter last year, the firm earned $0.52 earnings per share. On average, equities analysts predict that Carlyle Secured Lending, Inc. will post 1.98 earnings per share for the current fiscal year.

Carlyle Secured Lending Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.45 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.80 dividend on an annualized basis and a yield of 9.83%. Carlyle Secured Lending’s dividend payout ratio (DPR) is presently 89.39%.

Analyst Ratings Changes

Separately, Wells Fargo & Company cut their price objective on Carlyle Secured Lending from $17.00 to $16.00 and set an “equal weight” rating on the stock 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.