Muzinich & Co. Inc. Purchases 147,301 Shares of Carlyle Secured Lending, Inc. $CGBD

Muzinich & Co. Inc. raised its holdings in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) by 41.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 499,918 shares of the company’s stock after purchasing an additional 147,301 shares during the quarter. Carlyle Secured Lending accounts for approximately 2.4% of Muzinich & Co. Inc.’s portfolio, making the stock its 14th largest position. Muzinich & Co. Inc. owned about 0.98% of Carlyle Secured Lending worth $6,249,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of CGBD. Quarry LP purchased a new stake in Carlyle Secured Lending during the first quarter worth about $32,000. Northwestern Mutual Wealth Management Co. lifted its stake in Carlyle Secured Lending by 71.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,630 shares of the company’s stock valued at $36,000 after purchasing an additional 1,100 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Carlyle Secured Lending by 1,011.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,313 shares of the company’s stock valued at $59,000 after buying an additional 3,925 shares during the last quarter. Catalyst Capital Advisors LLC bought a new stake in Carlyle Secured Lending in the 2nd quarter valued at about $97,000. Finally, CWM LLC boosted its position in Carlyle Secured Lending by 42.9% during the third quarter. CWM LLC now owns 9,770 shares of the company’s stock worth $122,000 after purchasing an additional 2,934 shares during the period. Institutional investors own 24.51% of the company’s stock.

Carlyle Secured Lending Price Performance

Shares of NASDAQ CGBD opened at $12.65 on Tuesday. The stock’s 50-day simple moving average is $12.49 and its two-hundred day simple moving average is $13.16. Carlyle Secured Lending, Inc. has a twelve month low of $11.55 and a twelve month high of $18.64. The firm has a market capitalization of $644.64 million, a P/E ratio of 10.72 and a beta of 0.68. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.10.

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

Carlyle Secured Lending Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Wednesday, December 31st will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 12.6%. The ex-dividend date of this dividend is Wednesday, December 31st. Carlyle Secured Lending’s dividend payout ratio (DPR) is currently 135.59%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Citigroup began coverage on shares of Carlyle Secured Lending in a report on Monday, December 8th. They issued a “market perform” rating for the company. Citizens Jmp 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 decreased their price objective on Carlyle Secured Lending from $14.50 to $13.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 11th. Zacks Research raised Carlyle Secured Lending from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 9th. Finally, Raymond James Financial upgraded 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. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $14.33.

Insiders Place Their Bets

In other Carlyle Secured Lending news, Director John G. Nestor sold 7,085 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The stock was 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.61% of the stock is owned by insiders.

About Carlyle Secured Lending

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.