WCG Wealth Advisors LLC Takes $1.84 Million Position in Carlyle Secured Lending, Inc. $CGBD

WCG Wealth Advisors LLC purchased a new stake in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 147,141 shares of the company’s stock, valued at approximately $1,838,000. WCG Wealth Advisors LLC owned 0.29% of Carlyle Secured Lending as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Invesco Ltd. increased its position in shares of Carlyle Secured Lending by 15.6% during the third quarter. Invesco Ltd. now owns 901,237 shares of the company’s stock valued at $11,265,000 after buying an additional 121,651 shares during the period. UBS Group AG increased its position in shares of Carlyle Secured Lending by 35.7% during the fourth quarter. UBS Group AG now owns 862,260 shares of the company’s stock valued at $10,770,000 after buying an additional 226,776 shares during the period. Muzinich & Co. Inc. increased its position in shares of Carlyle Secured Lending by 47.3% in the fourth quarter. Muzinich & Co. Inc. now owns 736,442 shares of the company’s stock worth $9,198,000 after purchasing an additional 236,524 shares during the last quarter. Two Sigma Investments LP increased its position in shares of Carlyle Secured Lending by 199.4% in the third quarter. Two Sigma Investments LP now owns 727,570 shares of the company’s stock worth $9,095,000 after purchasing an additional 484,581 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in shares of Carlyle Secured Lending by 24.2% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 519,735 shares of the company’s stock worth $6,491,000 after purchasing an additional 101,242 shares during the last quarter. 24.51% of the stock is currently owned by institutional investors.

Carlyle Secured Lending Trading Down 1.4%

Shares of NASDAQ:CGBD opened at $10.64 on Friday. The stock has a market capitalization of $739.48 million, a price-to-earnings ratio of 14.99 and a beta of 0.62. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.72 and a current ratio of 1.72. The stock’s 50-day simple moving average is $11.20 and its two-hundred day simple moving average is $11.80. Carlyle Secured Lending, Inc. has a 52-week low of $10.50 and a 52-week high of $14.49.

Carlyle Secured Lending (NASDAQ:CGBD) last announced its earnings results on Monday, May 11th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. The business had revenue of $64.08 million for the quarter, compared to analysts’ expectations of $65.78 million. Carlyle Secured Lending had a return on equity of 8.99% and a net margin of 19.52%. Analysts expect that Carlyle Secured Lending, Inc. will post 1.36 EPS for the current year.

Carlyle Secured Lending Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 16th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 13.2%. The ex-dividend date of this dividend is Tuesday, June 30th. Carlyle Secured Lending’s payout ratio is presently 225.35%.

Analysts Set New Price Targets

Several research firms recently weighed in on CGBD. B. Riley Financial restated a “buy” rating on shares of Carlyle Secured Lending in a research report on Tuesday, May 12th. Wells Fargo & Company decreased their price objective on Carlyle Secured Lending from $13.00 to $12.00 and set an “overweight” rating for the company in a report on Wednesday, May 13th. Finally, JPMorgan Chase & Co. decreased their price objective on Carlyle Secured Lending from $12.00 to $10.00 and set a “neutral” rating for the company in a report on Friday, March 13th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Carlyle Secured Lending currently has an average rating of “Hold” and an average price target of $12.50.

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.