LSV Asset Management Has $4.92 Million Position in Carlyle Secured Lending, Inc. $CGBD

LSV Asset Management lessened its stake in Carlyle Secured Lending, Inc. (NASDAQ:CGBD) by 54.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 393,450 shares of the company’s stock after selling 467,113 shares during the quarter. LSV Asset Management owned 0.77% of Carlyle Secured Lending worth $4,918,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cascade Financial Partners LLC purchased a new stake in shares of Carlyle Secured Lending during the 2nd quarter worth about $600,000. Legal & General Group Plc increased its holdings in Carlyle Secured Lending by 38.4% in the second quarter. Legal & General Group Plc now owns 459,870 shares of the company’s stock worth $6,291,000 after buying an additional 127,681 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in Carlyle Secured Lending by 58.4% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 418,493 shares of the company’s stock valued at $5,231,000 after acquiring an additional 154,355 shares in the last quarter. Cliffwater LLC bought a new position in Carlyle Secured Lending during the second quarter valued at approximately $7,505,000. Finally, North Ground Capital acquired a new stake in Carlyle Secured Lending in the third quarter valued at approximately $5,952,000. Hedge funds and other institutional investors own 24.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Wells Fargo & Company dropped their price target on shares of Carlyle Secured Lending from $15.00 to $14.00 and set an “overweight” rating on the stock in a research note on Thursday, November 6th. Zacks Research raised shares of Carlyle Secured Lending from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 9th. JPMorgan Chase & Co. cut their target price on Carlyle Secured Lending from $12.50 to $12.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. B. Riley Financial decreased their price target on Carlyle Secured Lending from $14.50 to $13.00 and set a “neutral” rating for the company in a research note on Tuesday, November 11th. Finally, Citizens Jmp started coverage on Carlyle Secured Lending in a research note on Monday, December 8th. They issued a “market perform” rating on the stock. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $13.80.

Carlyle Secured Lending Stock Down 1.2%

CGBD stock opened at $11.92 on Monday. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.90 and a quick ratio of 0.90. Carlyle Secured Lending, Inc. has a 52-week low of $11.55 and a 52-week high of $18.40. The company has a 50-day moving average of $12.56 and a two-hundred day moving average of $12.81. The stock has a market capitalization of $607.44 million, a price-to-earnings ratio of 10.10 and a beta of 0.70.

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.