Carlyle Secured Lending, Inc. (NASDAQ: CGBD – Get Rating) Vice President Jonathan Pearl acquired 1,750 shares in a trade dated Monday, May 16. The shares were purchased at an average cost of $14.29 per share, with a total value of $25,007.50. Following the completion of the purchase, the vice president now directly owns 4,871 shares of the company, valued at $69,606.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
The NASDAQ CGBD opened at $14.27 on Thursday. The company has a market capitalization of $749.03 million, a price-earnings ratio of 5.43 and a beta of 1.76. The company has a debt ratio of 1.11, a quick ratio of 1.77 and a current ratio of 1.77. Carlyle Secured Lending, Inc. has a one-year low of $12.76 and a one-year high of $14.96. The company’s 50-day moving average price is $14.43 and its 200-day moving average price is $14.13.
Carlyle Secured Lending (NASDAQ:CGBD – Get Rating) last released its quarterly earnings data on Tuesday, February 22. The company reported earnings per share (EPS) of $0.40 for the quarter, hitting the consensus estimate of $0.40. The company posted revenue of $36.69 million in the quarter, compared to analyst estimates of $36.38 million. Carlyle Secured Lending had a net margin of 87.20% and a return on equity of 10.38%. Sell-side analysts expect Carlyle Secured Lending, Inc. to post EPS of 1.59 for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 15. Shareholders of record on Thursday, June 30 will receive a dividend of $0.32. This represents an annualized dividend of $1.28 and a yield of 8.97%. The ex-dividend date is Wednesday, June 29. Carlyle Secured Lending’s dividend payout ratio (DPR) is currently 48.67%.
Separately, Zacks Investment Research downgraded Carlyle Secured Lending from a “buy” rating to a “hold” rating in a Friday, May 6 research report.
Several institutional investors and hedge funds have recently changed their holdings in the company. LSV Asset Management increased its equity stake in Carlyle Secured Lending by 281.0% in the fourth quarter. LSV Asset Management now owns 540,600 shares of the company valued at $7,422,000 after purchasing an additional 398,700 shares during the period. Gries Financial LLC acquired a new stake in Carlyle Secured Lending during Q3 for a value of approximately $3,296,000. Marshall Wace LLP raised its position in shares of Carlyle Secured Lending by 106.7% in the fourth quarter. Marshall Wace LLP now owns 204,063 shares of the company valued at $2,801,000 after purchasing an additional 105,354 shares last quarter. FJ Capital Management LLC purchased a new equity position in Carlyle Secured Lending during Q3, valued at approximately $1,222,000. Finally, Hennion & Walsh Asset Management Inc. increased its position in Carlyle Secured Lending shares by 21.4% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 305,001 shares of the company worth $4,090,000 after purchasing an additional 53,857 shares last quarter. Institutional investors hold 23.19% of the company’s shares.
About Carlyle Secured Loans (Get a rating)
TCG BDC, Inc is a business development company specializing in senior loans, senior secured loans, second unsecured loans, mezzanine loans and equity investments. It specializes in direct investment. It specializes in the middle market. It targets healthcare and pharmaceuticals, aerospace and defense, high-tech industries, business services, software, food beverages and tobacco, hospitality and leisure, banking, insurance and the real estate sector.
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