Carlyle Secured Lending (NASDAQ:CGBD) Sees Strong Trading Volume – What’s Next?

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) saw unusually-strong trading volume on Thursday . 665,241 shares were traded during mid-day trading, an increase of 4% from the previous session’s volume of 638,873 shares.The stock last traded at $11.5040 and had previously closed at $11.33.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on CGBD shares. B. Riley Financial restated a “buy” rating on shares of Carlyle Secured Lending in a research note on Tuesday, May 12th. Wells Fargo & Company dropped their price objective on Carlyle Secured Lending from $13.00 to $12.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 13th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $12.50.

Carlyle Secured Lending Stock Up 2.3%

The stock has a 50 day moving average of $10.71 and a 200-day moving average of $11.05. The firm has a market capitalization of $797.11 million, a P/E ratio of 22.72 and a beta of 0.62. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.79 and a current ratio of 0.79.

Carlyle Secured Lending Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Wednesday, September 30th will be given a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.40 annualized dividend and a dividend yield of 12.1%. Carlyle Secured Lending’s payout ratio is 274.51%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CGBD. Allworth Financial LP bought a new position in shares of Carlyle Secured Lending in the second quarter worth $27,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Carlyle Secured Lending by 71.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,630 shares of the company’s stock worth $36,000 after purchasing an additional 1,100 shares in the last quarter. Burk Holdings LLC bought a new position in Carlyle Secured Lending in the 2nd quarter worth about $37,000. Kestra Advisory Services LLC bought a new position in Carlyle Secured Lending in the 4th quarter worth about $47,000. Finally, Tower Research Capital LLC TRC grew its holdings in 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 buying an additional 3,925 shares in the last quarter. 24.51% of the stock is currently owned by hedge funds and other institutional investors.

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.