Carlyle Secured Lending (NASDAQ:CGBD) Sees Strong Trading Volume

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) shares saw strong trading volume on Thursday . 332,520 shares changed hands during mid-day trading, an increase of 53% from the previous session’s volume of 217,242 shares.The stock last traded at $16.97 and had previously closed at $17.08.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on CGBD shares. Wells Fargo & Company boosted their price target on shares of Carlyle Secured Lending from $14.00 to $15.00 and gave the company an “equal weight” rating in a report on Monday, January 29th. Citigroup upped 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.

Carlyle Secured Lending Stock Performance

The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $868.00 million, a price-to-earnings ratio of 10.11 and a beta of 1.59. The stock’s 50-day simple moving average is $16.23 and its 200 day simple moving average is $15.34.

Carlyle Secured Lending (NASDAQ:CGBD) last announced its earnings results on Monday, February 26th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.51 by $0.01. Carlyle Secured Lending had a return on equity of 12.80% and a net margin of 38.19%. The business had revenue of $62.69 million for the quarter, compared to the consensus estimate of $42.86 million. During the same period in the previous year, the business earned $0.48 EPS. Analysts expect that Carlyle Secured Lending, Inc. will post 2.05 earnings per share for the current fiscal year.

Carlyle Secured Lending Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 17th. Investors of record on Friday, March 29th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 11.23%. This is a boost from Carlyle Secured Lending’s previous quarterly dividend of $0.44. The ex-dividend date was Wednesday, March 27th. Carlyle Secured Lending’s payout ratio is currently 94.67%.

Institutional Investors Weigh In On Carlyle Secured Lending

Hedge funds have recently added to or reduced their stakes in the stock. Cape Investment Advisory Inc. acquired a new position in Carlyle Secured Lending during the 4th quarter worth $76,000. Tucker Asset Management LLC bought a new stake in Carlyle Secured Lending during the 4th quarter worth about $80,000. One Capital Management LLC acquired a new position in Carlyle Secured Lending during the 3rd quarter valued at about $145,000. Jump Financial LLC boosted its stake in shares of Carlyle Secured Lending by 9.3% in the 3rd quarter. Jump Financial LLC now owns 11,700 shares of the company’s stock valued at $170,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Carlyle Secured Lending during the 4th quarter worth approximately $203,000. Institutional investors own 24.51% of the company’s stock.

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.