Carlyle Secured Lending (NASDAQ:CGBD) Reaches New 1-Year High at $17.10

Carlyle Secured Lending, Inc. (NASDAQ:CGBD)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $17.10 and last traded at $17.04, with a volume of 26685 shares trading hands. The stock had previously closed at $16.99.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Citigroup lifted their target price on shares of Carlyle Secured Lending from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. Wells Fargo & Company lifted their price objective on Carlyle Secured Lending from $14.00 to $15.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th.

Carlyle Secured Lending Price Performance

The company has a debt-to-equity ratio of 1.14, a current ratio of 1.22 and a quick ratio of 1.22. The company’s 50 day moving average price is $16.11 and its 200 day moving average price is $15.29. The firm has a market capitalization of $856.32 million, a P/E ratio of 10.05 and a beta of 1.59.

Carlyle Secured Lending (NASDAQ:CGBD) last released its earnings results on Monday, February 26th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.51 by $0.01. The company had revenue of $62.69 million during the quarter, compared to analysts’ expectations of $42.86 million. Carlyle Secured Lending had a return on equity of 12.80% and a net margin of 38.19%. During the same period last year, the firm earned $0.48 EPS. As a group, sell-side analysts anticipate that Carlyle Secured Lending, Inc. will post 2.05 EPS for the current fiscal year.

Carlyle Secured Lending Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 17th. Shareholders of record on Friday, March 29th were given a dividend of $0.48 per share. The ex-dividend date was Wednesday, March 27th. This is an increase from Carlyle Secured Lending’s previous quarterly dividend of $0.44. This represents a $1.92 dividend on an annualized basis and a yield of 11.39%. Carlyle Secured Lending’s dividend payout ratio is presently 94.67%.

Institutional Investors Weigh In On Carlyle Secured Lending

A number of institutional investors have recently made changes to their positions in the stock. Global Retirement Partners LLC increased its holdings in Carlyle Secured Lending by 9.2% in the first quarter. Global Retirement Partners LLC now owns 46,708 shares of the company’s stock valued at $760,000 after purchasing an additional 3,944 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Carlyle Secured Lending by 2.6% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 258,774 shares of the company’s stock valued at $4,213,000 after acquiring an additional 6,527 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its position in shares of Carlyle Secured Lending by 166.6% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 81,929 shares of the company’s stock valued at $1,334,000 after acquiring an additional 51,201 shares during the period. Quadrature Capital Ltd bought a new position in Carlyle Secured Lending during the 4th quarter worth approximately $576,000. Finally, Tucker Asset Management LLC bought a new position in Carlyle Secured Lending during the 4th quarter worth approximately $80,000. 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.