Palliser Capital UK Ltd Makes New Investment in Carlyle Secured Lending, Inc. $CGBD

Palliser Capital UK Ltd purchased a new position in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) during the second quarter, HoldingsChannel.com reports. The fund purchased 45,703 shares of the company’s stock, valued at approximately $481,000. Carlyle Secured Lending accounts for 0.3% of Palliser Capital UK Ltd’s portfolio, making the stock its 19th biggest position.

Several other institutional investors have also modified their holdings of CGBD. Samalin Investment Counsel LLC acquired a new stake in Carlyle Secured Lending during the 4th quarter worth approximately $1,217,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Carlyle Secured Lending during the first quarter worth $1,657,000. Lalia Capital LLC bought a new stake in shares of Carlyle Secured Lending during the second quarter worth $9,765,000. North Ground Capital acquired a new stake in shares of Carlyle Secured Lending during the second quarter worth $6,486,480,000. Finally, UBS Group AG raised its holdings in shares of Carlyle Secured Lending by 35.7% during the fourth quarter. UBS Group AG now owns 862,260 shares of the company’s stock worth $10,770,000 after acquiring an additional 226,776 shares during the period. Institutional investors own 24.51% of the company’s stock.

Carlyle Secured Lending Price Performance

NASDAQ CGBD opened at $11.45 on Tuesday. Carlyle Secured Lending, Inc. has a 12-month low of $9.94 and a 12-month high of $14.02. The firm’s 50 day moving average is $10.70 and its 200-day moving average is $11.06. The company has a market capitalization of $787.87 million, a PE ratio of 22.45 and a beta of 0.62. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.20.

Carlyle Secured Lending (NASDAQ:CGBD) last released its earnings results on Thursday, August 6th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. Carlyle Secured Lending had a net margin of 14.26% and a return on equity of 8.85%. The business had revenue of $62.09 million during the quarter, compared to the consensus estimate of $59.43 million. Equities research analysts anticipate that Carlyle Secured Lending, Inc. will post 1.39 earnings per share for the current fiscal year.

Carlyle Secured Lending Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Wednesday, September 30th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 12.2%. The ex-dividend date is Wednesday, September 30th. Carlyle Secured Lending’s dividend payout ratio is currently 274.51%.

Analyst Upgrades and Downgrades

CGBD has been the subject of a number of research analyst reports. B. Riley Financial reaffirmed a “buy” rating on shares of Carlyle Secured Lending in a research note on Tuesday, May 12th. Wells Fargo & Company reduced their price objective on 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 investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $12.50.

Carlyle Secured Lending 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.