Carlyle Secured Lending, Inc. (NASDAQ: CGBD – Get a rating) experienced significant growth in short-term interest in the month of September. As of September 30, there was short interest totaling 461,600 shares, a growth of 44.1% from the total of 320,400 shares as of September 15. Currently, 1.0% of the stock’s shares are sold short. Based on an average trading volume of 219,700 shares, the short-term interest rate ratio is currently 2.1 days.
Performance of Carlyle Secured Loan Stocks
The NASDAQ CGBD traded down $0.01 during Friday trading hours, hitting $12.08. The company had a trading volume of 177,823 shares, compared to an average volume of 306,342. The company has a leverage ratio of 1.23, a quick ratio of 0.99 and a current ratio of 0.99. Carlyle Secured Lending has a 1-year minimum of $11.23 and a 1-year maximum of $14.96. The company has a market capitalization of $626.35 million, a PE ratio of 6.10 and a beta of 1.64. The company has a 50-day moving average of $13.42 and a 200-day moving average of $13.67.
Carlyle Secured Loans (NASDAQ: CGBD – Get a rating) last announced its results on Tuesday, August 9. The company reported earnings per share of $0.40 for the quarter, beating the consensus estimate of $0.38 by $0.02. Carlyle Secured Lending had a net margin of 65.03% and a return on equity of 10.40%. The company posted revenue of $35.99 million in the quarter, versus a consensus estimate of $33.90 million. As a group, equity research analysts expect Carlyle Secured Lending to post 1.71 EPS for the current year.
Carlyle secured loans increase dividend
The company also recently announced a quarterly dividend, which was paid on Friday, October 14. Shareholders of record on Friday, September 30 received a dividend of $0.40. The ex-dividend date was Thursday, September 29. This is a boost from Carlyle Secured Lending’s previous quarterly dividend of $0.32. This represents a dividend of $1.60 on an annualized basis and a yield of 13.25%. Carlyle Secured Lending’s dividend payout ratio (DPR) is 68.69%.
A Wall Street analyst gives his opinion
CGBD has been the subject of a number of recent research reports. Wells Fargo & Company raised its price target on Carlyle Secured Lending from $13.00 to $13.50 and gave the stock an “equal weight” rating in a Thursday, August 11 research report. JPMorgan Chase & Co. downgraded Carlyle Secured Lending from an “overweight” rating to a “neutral” rating and set a price target of $14.50 for the stock. in a research report on Tuesday, September 6.
Insiders place their bets
In other Carlyle Secured Lending, CFO news Thomas M. Hennigan purchased 2,975 shares of Carlyle Secured Lending in a trade dated Wednesday, August 17. The shares were acquired at an average cost of $14.30 per share, for a total transaction of $42,542.50. Following the closing of the transaction, the CFO now directly owns 65,255 shares of the company, valued at $933,146.50. The purchase was disclosed in a filing with the SEC, accessible via this hyperlink. 0.56% of the shares are currently held by insiders of the company.
Institutional entries and exits
A number of hedge funds have recently increased or reduced their holdings in CGBD. Cornerstone Advisory LLC increased its holdings in Carlyle Secured Lending by 17.0% during the fourth quarter. Cornerstone Advisory LLC now owns 44,430 shares of the company valued at $610,000 after purchasing an additional 6,449 shares in the last quarter. Regatta Capital Group LLC purchased a new equity stake in Carlyle Secured Lending in the fourth quarter valued at $214,000. Welch & Forbes LLC purchased a new equity stake in Carlyle Secured Lending in the first quarter for $174,000. Hennion & Walsh Asset Management Inc. raised its position in shares of Carlyle Secured Lending by 0.9% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 342,865 shares of the company valued at $4,934,000 after acquiring 3,098 additional shares last quarter. Finally, LSV Asset Management increased its position in Carlyle Secured Lending shares by 2.6% in the first quarter. LSV Asset Management now owns 554,500 shares of the company valued at $7,979,000 after acquiring an additional 13,900 shares last quarter. 22.34% of the shares are held by hedge funds and other institutional investors.
Carlyle Secured Loans Company Profile
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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