B. Riley Wealth Advisors Inc. decreased its position in Carlyle Secured Lending, Inc. (NASDAQ:CGBD – Free Report) by 34.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 13,446 shares of the company’s stock after selling 6,992 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Carlyle Secured Lending were worth $197,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Morgan Stanley lifted its stake in Carlyle Secured Lending by 13.7% in the fourth quarter. Morgan Stanley now owns 1,511,212 shares of the company’s stock worth $21,625,000 after acquiring an additional 182,335 shares during the period. LSV Asset Management lifted its stake in Carlyle Secured Lending by 64.4% in the first quarter. LSV Asset Management now owns 1,457,000 shares of the company’s stock worth $19,844,000 after acquiring an additional 570,628 shares during the period. Millennium Management LLC lifted its stake in Carlyle Secured Lending by 1,901.2% in the fourth quarter. Millennium Management LLC now owns 803,003 shares of the company’s stock worth $11,491,000 after acquiring an additional 762,877 shares during the period. Two Sigma Investments LP lifted its stake in Carlyle Secured Lending by 31.7% in the fourth quarter. Two Sigma Investments LP now owns 488,908 shares of the company’s stock worth $6,996,000 after acquiring an additional 117,543 shares during the period. Finally, BlackRock Inc. lifted its stake in Carlyle Secured Lending by 11.3% in the third quarter. BlackRock Inc. now owns 441,642 shares of the company’s stock worth $5,052,000 after acquiring an additional 44,782 shares during the period. Institutional investors own 21.55% of the company’s stock.
Insider Buying and Selling
In other news, VP Alexander Popov purchased 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The shares were bought at an average price of $14.78 per share, for a total transaction of $73,900.00. Following the purchase, the vice president now directly owns 32,977 shares in the company, valued at approximately $487,400.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.46% of the stock is currently owned by company insiders.
Carlyle Secured Lending Stock Performance
Carlyle Secured Lending (NASDAQ:CGBD – Get Free Report) last posted its quarterly earnings results on Tuesday, August 8th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.01. The firm had revenue of $42.73 million during the quarter, compared to analyst estimates of $50.62 million. Carlyle Secured Lending had a return on equity of 13.76% and a net margin of 40.73%. On average, equities analysts forecast that Carlyle Secured Lending, Inc. will post 2.06 earnings per share for the current fiscal year.
Carlyle Secured Lending Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, October 17th. Investors of record on Friday, September 29th were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 12.88%. The ex-dividend date was Thursday, September 28th. Carlyle Secured Lending’s payout ratio is 97.37%.
Wall Street Analyst Weigh In
A number of analysts recently commented on CGBD shares. Citigroup raised their price target on Carlyle Secured Lending from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, August 11th. B. Riley started coverage on Carlyle Secured Lending in a research report on Thursday, July 27th. They set a “neutral” rating and a $16.00 price objective for the company.
Check Out Our Latest Report on Carlyle Secured Lending
Carlyle Secured Lending 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.
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