Carlyle Secured Lending (NASDAQ:CGBD) Sets New 12-Month Low – What’s Next?

Shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) reached a new 52-week low on Tuesday . The company traded as low as $10.87 and last traded at $11.16, with a volume of 945553 shares traded. The stock had previously closed at $11.12.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CGBD. JPMorgan Chase & Co. decreased their price target on shares of Carlyle Secured Lending from $12.50 to $12.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Wells Fargo & Company decreased their price objective on shares of Carlyle Secured Lending from $14.00 to $13.00 and set an “overweight” rating for the company in a research report on Friday, February 27th. B. Riley Financial raised Carlyle Secured Lending from a “neutral” rating to a “buy” rating and set a $13.00 target price on the stock in a report on Wednesday, February 25th. Citigroup initiated coverage on Carlyle Secured Lending in a research note on Monday, December 8th. They issued a “market perform” rating on the stock. Finally, Zacks Research raised Carlyle Secured Lending from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 9th. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $13.60.

Carlyle Secured Lending Price Performance

The stock has a market capitalization of $571.77 million, a price-to-earnings ratio of 11.00 and a beta of 0.70. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.31. The company’s 50 day moving average is $12.21 and its 200 day moving average is $12.61.

Carlyle Secured Lending (NASDAQ:CGBD) last released its quarterly earnings data on Tuesday, February 24th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.05). Carlyle Secured Lending had a net margin of 27.38% and a return on equity of 8.56%. The company had revenue of $66.91 million during the quarter, compared to analyst estimates of $67.26 million. Research 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 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. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.60 annualized dividend and a yield of 14.3%. Carlyle Secured Lending’s payout ratio is 156.86%.

Institutional Trading of Carlyle Secured Lending

Institutional investors and hedge funds have recently bought and sold shares of the business. Alpine Global Management LLC grew its position in Carlyle Secured Lending by 82.5% during the 4th quarter. Alpine Global Management LLC now owns 457,342 shares of the company’s stock worth $5,712,000 after purchasing an additional 206,733 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Carlyle Secured Lending in the 4th quarter worth about $285,000. Sunbelt Securities Inc. lifted its holdings in shares of Carlyle Secured Lending by 3.3% in the fourth quarter. Sunbelt Securities Inc. now owns 34,182 shares of the company’s stock valued at $427,000 after purchasing an additional 1,100 shares in the last quarter. Mackenzie Financial Corp grew its holdings in Carlyle Secured Lending by 3.2% during the 4th quarter. Mackenzie Financial Corp now owns 27,466 shares of the company’s stock valued at $348,000 after buying an additional 857 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of Carlyle Secured Lending during the fourth quarter valued at $1,171,000. Hedge funds and other institutional investors own 24.51% of the company’s stock.

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.