Carlyle Secured Lending (NASDAQ:CGBD) Announces Earnings Results, Misses Estimates By $0.05 EPS

Carlyle Secured Lending (NASDAQ:CGBD) issued its quarterly earnings data on Tuesday. The company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.05), Zacks reports. Carlyle Secured Lending had a net margin of 30.18% and a return on equity of 9.24%. The business had revenue of $66.91 million for the quarter, compared to analyst estimates of $67.26 million.

Carlyle Secured Lending Price Performance

Shares of NASDAQ:CGBD opened at $11.45 on Wednesday. The company has a market cap of $583.49 million, a PE ratio of 9.70 and a beta of 0.70. Carlyle Secured Lending has a fifty-two week low of $11.06 and a fifty-two week high of $18.40. The firm has a 50-day simple moving average of $12.37 and a 200 day simple moving average of $12.71. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 16th. Investors of record on Tuesday, March 31st will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 14.0%. The ex-dividend date of this dividend is Tuesday, March 31st. Carlyle Secured Lending’s dividend payout ratio is currently 135.59%.

Hedge Funds Weigh In On Carlyle Secured Lending

Institutional investors have recently made changes to their positions in the stock. Virtu Financial LLC acquired a new stake in shares of Carlyle Secured Lending during the 4th quarter worth approximately $285,000. Sunbelt Securities Inc. increased its position in Carlyle Secured Lending by 3.3% in the fourth quarter. Sunbelt Securities Inc. now owns 34,182 shares of the company’s stock worth $427,000 after buying an additional 1,100 shares during the period. Mackenzie Financial Corp increased its position in Carlyle Secured Lending by 3.2% in the fourth quarter. Mackenzie Financial Corp now owns 27,466 shares of the company’s stock worth $348,000 after buying an additional 857 shares during the period. XTX Topco Ltd bought a new stake in Carlyle Secured Lending in the fourth quarter valued at $1,171,000. Finally, Toronto Dominion Bank acquired a new position in shares of Carlyle Secured Lending during the fourth quarter valued at $6,245,000. 24.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. B. Riley Financial reduced their target price 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. Zacks Research raised shares of Carlyle Secured Lending from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 9th. JPMorgan Chase & Co. reduced their price objective on shares of Carlyle Secured Lending from $12.50 to $12.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Wall Street Zen raised shares of Carlyle Secured Lending from a “sell” rating to a “hold” rating in a research report on Saturday, January 3rd. Finally, Citigroup assumed coverage on shares of Carlyle Secured Lending in a research report on Monday, December 8th. They set a “market perform” rating on the stock. Two equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $13.80.

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.