Advisors Asset Management Inc. Purchases 11,573 Shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

Advisors Asset Management Inc. increased its holdings in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) by 4.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 265,325 shares of the company’s stock after buying an additional 11,573 shares during the quarter. Advisors Asset Management Inc.’s holdings in Carlyle Secured Lending were worth $4,319,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CGBD. Cape Investment Advisory Inc. bought a new stake in shares of Carlyle Secured Lending during the fourth quarter worth $76,000. Tucker Asset Management LLC bought a new position in Carlyle Secured Lending during the 4th quarter worth about $80,000. Kingsview Wealth Management LLC acquired a new stake in shares of Carlyle Secured Lending in the 1st quarter valued at about $171,000. Virtu Financial LLC acquired a new stake in shares of Carlyle Secured Lending in the 4th quarter valued at about $203,000. Finally, SG Americas Securities LLC bought a new stake in shares of Carlyle Secured Lending in the fourth quarter valued at about $319,000. 24.51% of the stock is currently owned by institutional investors.

Carlyle Secured Lending Stock Up 0.8 %

Shares of NASDAQ CGBD traded up $0.14 during mid-day trading on Friday, hitting $18.30. The company had a trading volume of 134,381 shares, compared to its average volume of 164,927. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 1.07. The firm has a 50-day simple moving average of $17.95 and a two-hundred day simple moving average of $16.77. The company has a market capitalization of $929.46 million, a PE ratio of 10.70 and a beta of 1.60. Carlyle Secured Lending, Inc. has a one year low of $13.31 and a one year high of $18.74.

Carlyle Secured Lending (NASDAQ:CGBD) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.02. The firm had revenue of $44.14 million during the quarter, compared to the consensus estimate of $42.86 million. Carlyle Secured Lending had a return on equity of 12.92% and a net margin of 38.15%. On average, equities analysts expect that Carlyle Secured Lending, Inc. will post 2.05 EPS for the current year.

Carlyle Secured Lending Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 17th. Investors of record on Friday, June 28th were issued a dividend of $0.47 per share. The ex-dividend date was Friday, June 28th. This represents a $1.88 dividend on an annualized basis and a yield of 10.27%. Carlyle Secured Lending’s payout ratio is 93.57%.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company boosted their target price on Carlyle Secured Lending from $16.00 to $17.00 and gave the company an “equal weight” rating in a research note on Friday.

Carlyle Secured Lending Company Profile

Carlyle Secured Lending, Inc is business development company specializing in first lien debt, senior secured loans, second lien senior secured loan unsecured debt, mezzanine debt and investments in equities. It specializes in directly investing. It specializes in middle market. It targets healthcare and pharmaceutical, aerospace and defense, high tech industries, business services, software, beverage food and tobacco, hotel gamming and leisure, banking finance insurance and in real estate sector.