Hennion & Walsh Asset Management Inc. Increases Stake in Carlyle Secured Lending, Inc. $CGBD

Hennion & Walsh Asset Management Inc. increased its position in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) by 43.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 167,312 shares of the company’s stock after buying an additional 50,970 shares during the period. Hennion & Walsh Asset Management Inc. owned about 0.33% of Carlyle Secured Lending worth $2,091,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Carlyle Secured Lending by 71.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,630 shares of the company’s stock valued at $36,000 after purchasing an additional 1,100 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its position in shares of Carlyle Secured Lending by 4.6% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 45,932 shares of the company’s stock worth $629,000 after acquiring an additional 2,040 shares in the last quarter. United Advisor Group LLC increased its holdings in shares of Carlyle Secured Lending by 9.2% in the 2nd quarter. United Advisor Group LLC now owns 26,115 shares of the company’s stock valued at $357,000 after acquiring an additional 2,196 shares during the last quarter. Ethos Financial Group LLC raised its position in shares of Carlyle Secured Lending by 1.3% during the 2nd quarter. Ethos Financial Group LLC now owns 174,172 shares of the company’s stock worth $2,383,000 after acquiring an additional 2,301 shares in the last quarter. Finally, CWM LLC lifted its stake in Carlyle Secured Lending by 42.9% during the third quarter. CWM LLC now owns 9,770 shares of the company’s stock worth $122,000 after purchasing an additional 2,934 shares during the last quarter. Hedge funds and other institutional investors own 24.51% of the company’s stock.

Insider Activity at Carlyle Secured Lending

In related news, Director John G. Nestor sold 7,085 shares of Carlyle Secured Lending stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $11.87, for a total value of $84,098.95. Following the sale, the director directly owned 7,508 shares in the company, valued at $89,119.96. The trade was a 48.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.61% of the stock is owned by corporate insiders.

Carlyle Secured Lending Stock Up 3.0%

Shares of NASDAQ:CGBD opened at $12.66 on Friday. Carlyle Secured Lending, Inc. has a 1-year low of $11.55 and a 1-year high of $18.64. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a market cap of $645.12 million, a P/E ratio of 10.73 and a beta of 0.69. The firm has a fifty day moving average price of $12.48 and a 200 day moving average price of $13.10.

Carlyle Secured Lending (NASDAQ:CGBD) last announced its earnings results on Tuesday, November 4th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). Carlyle Secured Lending had a net margin of 30.18% and a return on equity of 9.24%. The business had revenue of $66.51 million during the quarter, compared to analysts’ expectations of $69.61 million. Sell-side analysts predict that Carlyle Secured Lending, Inc. will post 1.97 EPS for the current year.

Carlyle Secured Lending Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Wednesday, December 31st will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 12.6%. The ex-dividend date of this dividend is Wednesday, December 31st. Carlyle Secured Lending’s dividend payout ratio is 135.59%.

Wall Street Analysts Forecast Growth

CGBD has been the subject of several recent analyst reports. Citizens Jmp began coverage on shares of Carlyle Secured Lending in a research report on Monday, December 8th. They set a “market perform” rating for the company. Wells Fargo & Company cut their price target on shares of Carlyle Secured Lending from $15.00 to $14.00 and set an “overweight” 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. Raymond James Financial raised Carlyle Secured Lending from a “market perform” rating to an “outperform” rating and set a $15.00 price objective on the stock in a report on Tuesday, October 7th. Finally, B. Riley cut their target price 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. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $14.33.

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.