Carlyle Secured Lending (NASDAQ:CGBD) Announces Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Carlyle Secured Lending (NASDAQ:CGBD) announced its quarterly earnings data on Tuesday. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.02), FiscalAI reports. The firm had revenue of $66.91 million during the quarter, compared to the consensus estimate of $67.26 million. Carlyle Secured Lending had a return on equity of 9.24% and a net margin of 30.18%.

Carlyle Secured Lending Stock Up 3.2%

NASDAQ:CGBD opened at $11.45 on Wednesday. Carlyle Secured Lending has a fifty-two week low of $11.06 and a fifty-two week high of $18.40. The stock has a market capitalization of $583.49 million, a P/E ratio of 9.70 and a beta of 0.70. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.90 and a current ratio of 0.90. The company’s 50-day simple moving average is $12.37 and its 200-day simple moving average is $12.71.

Carlyle Secured Lending Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 16th. Shareholders of record on Tuesday, March 31st will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend 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 presently 135.59%.

Analysts Set New Price Targets

CGBD has been the topic of a number of recent research reports. B. Riley Financial dropped their price target on Carlyle Secured Lending from $14.50 to $13.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 11th. Wells Fargo & Company dropped their target price on shares of Carlyle Secured Lending from $15.00 to $14.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. Wall Street Zen upgraded shares of Carlyle Secured Lending from a “sell” rating to a “hold” rating in a report on Saturday, January 3rd. 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. Finally, Citizens Jmp began coverage on shares of Carlyle Secured Lending in a research note on Monday, December 8th. They set a “market perform” rating on the stock. Two research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Carlyle Secured Lending presently has an average rating of “Hold” and an average target price of $13.80.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CGBD. Northwestern Mutual Wealth Management Co. boosted 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 acquiring an additional 1,100 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in shares of Carlyle Secured Lending during the fourth quarter worth $47,000. Tower Research Capital LLC TRC lifted its holdings 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 purchasing an additional 3,925 shares during the last quarter. Equitable Holdings Inc. acquired a new stake in shares of Carlyle Secured Lending in the 3rd quarter worth $134,000. Finally, Advisory Research Inc. boosted its position in shares of Carlyle Secured Lending by 9.2% in the 3rd quarter. Advisory Research Inc. now owns 11,340 shares of the company’s stock worth $142,000 after purchasing an additional 953 shares in the last quarter. Institutional investors own 24.51% of the company’s stock.

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.