Short Interest in Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Declines By 29.7%

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) was the target of a large decline in short interest in January. As of January 15th, there was short interest totaling 789,763 shares, a decline of 29.7% from the December 31st total of 1,122,996 shares. Approximately 1.6% of the company’s shares are short sold. Based on an average daily volume of 427,801 shares, the short-interest ratio is presently 1.8 days. Based on an average daily volume of 427,801 shares, the short-interest ratio is presently 1.8 days. Approximately 1.6% of the company’s shares are short sold.

Insider Transactions at Carlyle Secured Lending

In other news, Director John G. Nestor sold 7,085 shares of the stock in a transaction on Friday, November 14th. The shares were sold at an average price of $11.87, for a total value of $84,098.95. Following the completion of the sale, the director owned 7,508 shares of the company’s stock, valued at $89,119.96. This represents a 48.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.61% of the company’s stock.

Institutional Trading of Carlyle Secured Lending

A number of institutional investors and hedge funds have recently modified their holdings of the business. Creative Planning grew its stake in shares of Carlyle Secured Lending by 0.9% in the 2nd quarter. Creative Planning now owns 4,916,335 shares of the company’s stock valued at $67,255,000 after buying an additional 44,062 shares in the last quarter. Prime Capital Investment Advisors LLC bought a new position in shares of Carlyle Secured Lending during the 2nd quarter valued at about $30,158,000. Choreo LLC acquired a new position in Carlyle Secured Lending during the 2nd quarter worth approximately $20,529,000. Invesco Ltd. raised its holdings in Carlyle Secured Lending by 15.6% during the third quarter. Invesco Ltd. now owns 901,237 shares of the company’s stock worth $11,265,000 after acquiring an additional 121,651 shares in the last quarter. Finally, UBS Group AG grew its stake in Carlyle Secured Lending by 35.7% in the fourth quarter. UBS Group AG now owns 862,260 shares of the company’s stock valued at $10,770,000 after purchasing an additional 226,776 shares in the last quarter. 24.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on CGBD. Citizens Jmp started coverage on shares of Carlyle Secured Lending in a research report on Monday, December 8th. They set a “market perform” rating for the company. Citigroup initiated coverage on Carlyle Secured Lending in a research report on Monday, December 8th. They issued a “market perform” rating for the company. B. Riley dropped their target price on Carlyle Secured Lending from $14.50 to $13.00 and set a “neutral” rating on the stock in a report on Tuesday, November 11th. Raymond James Financial raised Carlyle Secured Lending from a “market perform” rating to an “outperform” rating and set a $15.00 price target on the stock in a research report on Tuesday, October 7th. Finally, Wells Fargo & Company lowered their price objective on shares of Carlyle Secured Lending from $15.00 to $14.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $14.33.

Carlyle Secured Lending Trading Down 0.6%

NASDAQ:CGBD opened at $12.25 on Friday. The stock has a market cap of $624.26 million, a price-to-earnings ratio of 10.38 and a beta of 0.69. Carlyle Secured Lending has a one year low of $11.55 and a one year high of $18.62. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.90 and a current ratio of 0.90. The business’s 50-day simple moving average is $12.67 and its 200 day simple moving average is $12.96.

Carlyle Secured Lending (NASDAQ:CGBD) last announced its earnings results on Tuesday, November 4th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). Carlyle Secured Lending had a net margin of 30.18% and a return on equity of 9.24%. The business had revenue of $66.51 million during the quarter, compared to analyst estimates of $69.61 million. As a group, sell-side analysts predict that Carlyle Secured Lending will post 1.97 earnings per share for the current fiscal year.

Carlyle Secured Lending Company Profile

Carlyle Secured Lending, Inc (NASDAQ: CGBD) is a closed-end, non-diversified business development company that provides customized debt financing solutions to middle-market companies. Chartered under the Investment Company Act of 1940, the company invests primarily in floating-rate senior secured loans, including first-lien, unitranche and one-stop structures. Its objective is to generate current income and capital appreciation through disciplined credit selection and active portfolio management.

The firm focuses on U.S.