North Ground Capital Invests $6.49 Million in Carlyle Secured Lending, Inc. $CGBD

North Ground Capital purchased a new stake in Carlyle Secured Lending, Inc. (NASDAQ:CGBD) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 616,000 shares of the company’s stock, valued at approximately $6,486,480. Carlyle Secured Lending comprises 0.0% of North Ground Capital’s holdings, making the stock its 2nd largest holding. North Ground Capital owned 0.90% of Carlyle Secured Lending at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of CGBD. Lalia Capital LLC purchased a new stake in shares of Carlyle Secured Lending during the second quarter valued at approximately $9,765,000. Rivernorth Capital Management LLC raised its stake in Carlyle Secured Lending by 58.2% during the 4th quarter. Rivernorth Capital Management LLC now owns 1,900,728 shares of the company’s stock valued at $23,740,000 after purchasing an additional 699,586 shares during the period. Toronto Dominion Bank bought a new position in Carlyle Secured Lending during the 4th quarter valued at about $6,245,000. Two Sigma Investments LP raised its position in shares of Carlyle Secured Lending by 199.4% in the 3rd quarter. Two Sigma Investments LP now owns 727,570 shares of the company’s stock worth $9,095,000 after acquiring an additional 484,581 shares in the last quarter. Finally, BlackRock Inc. purchased a new stake in shares of Carlyle Secured Lending in the 2nd quarter valued at $2,915,000. 24.51% of the stock is currently owned by institutional investors and hedge funds.

Carlyle Secured Lending Price Performance

NASDAQ CGBD traded up $0.12 during trading on Friday, reaching $11.78. The company’s stock had a trading volume of 478,103 shares, compared to its average volume of 646,735. The firm has a fifty day moving average of $10.73 and a 200 day moving average of $11.05. Carlyle Secured Lending, Inc. has a one year low of $9.94 and a one year high of $14.00. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.79 and a quick ratio of 0.79. The stock has a market capitalization of $810.58 million, a PE ratio of 23.10 and a beta of 0.62.

Carlyle Secured Lending Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Wednesday, September 30th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 11.9%. The ex-dividend date of this dividend is Wednesday, September 30th. Carlyle Secured Lending’s dividend payout ratio is presently 274.51%.

Analyst Ratings Changes

A number of equities research analysts have commented on CGBD shares. B. Riley Financial reissued a “buy” rating on shares of Carlyle Secured Lending in a research report on Tuesday, May 12th. Wells Fargo & Company cut their target price on shares of Carlyle Secured Lending from $13.00 to $12.00 and set an “overweight” rating for the company in a research report on Wednesday, May 13th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Carlyle Secured Lending has a consensus rating of “Hold” and an average target price of $12.50.

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.