GFS Advisors LLC Invests $891,000 in Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

GFS Advisors LLC purchased a new stake in Carlyle Secured Lending, Inc. (NASDAQ:CGBD) in the fourth quarter, Holdings Channel.com reports. The firm purchased 49,700 shares of the company’s stock, valued at approximately $891,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. acquired a new stake in Carlyle Secured Lending in the 2nd quarter valued at about $52,000. Great Valley Advisor Group Inc. grew its stake in shares of Carlyle Secured Lending by 12.9% during the third quarter. Great Valley Advisor Group Inc. now owns 13,165 shares of the company’s stock valued at $223,000 after purchasing an additional 1,500 shares during the last quarter. EMC Capital Management increased its holdings in shares of Carlyle Secured Lending by 56.9% in the fourth quarter. EMC Capital Management now owns 13,021 shares of the company’s stock valued at $233,000 after purchasing an additional 4,722 shares in the last quarter. Jane Street Group LLC raised its position in 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 last quarter. Finally, Private Advisor Group LLC acquired a new position in Carlyle Secured Lending during the 3rd quarter worth $235,000. Institutional investors and hedge funds own 24.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company lifted their target price on Carlyle Secured Lending from $16.00 to $17.00 and gave the company an “equal weight” rating in a research note on Wednesday.

Carlyle Secured Lending Stock Up 0.4 %

Shares of NASDAQ CGBD opened at $18.56 on Friday. Carlyle Secured Lending, Inc. has a 1 year low of $14.76 and a 1 year high of $18.74. The firm’s 50-day moving average is $17.92 and its 200-day moving average is $17.35. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $944.89 million, a PE ratio of 10.37 and a beta of 1.57.

Carlyle Secured Lending (NASDAQ:CGBD) last announced its quarterly earnings data 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 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 last year, the firm earned $0.52 earnings per share. Equities analysts expect that Carlyle Secured Lending, Inc. will post 1.98 EPS for the current year.

Carlyle Secured Lending Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were given a $0.45 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.80 annualized dividend and a dividend yield of 9.70%. Carlyle Secured Lending’s dividend payout ratio is currently 89.39%.

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.