Carlyle Secured Lending (NASDAQ:CGBD) Shares Gap Down to $18.15

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) gapped down prior to trading on Friday . The stock had previously closed at $18.15, but opened at $17.68. Carlyle Secured Lending shares last traded at $17.81, with a volume of 19,237 shares trading hands.

Carlyle Secured Lending Stock Performance

The company has a debt-to-equity ratio of 1.07, a current ratio of 1.45 and a quick ratio of 1.45. The stock has a 50 day simple moving average of $17.66 and a two-hundred day simple moving average of $16.39. The company has a market cap of $905.59 million, a PE ratio of 10.61 and a beta of 1.59.

Carlyle Secured Lending (NASDAQ:CGBD) last issued its quarterly earnings data 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. Carlyle Secured Lending had a return on equity of 12.92% and a net margin of 38.15%. The company had revenue of $44.14 million during the quarter, compared to analysts’ expectations of $42.86 million. Equities analysts predict that Carlyle Secured Lending, Inc. will post 2.05 EPS for the current year.

Carlyle Secured Lending Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 17th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 10.54%. The ex-dividend date of this dividend is Friday, June 28th. Carlyle Secured Lending’s dividend payout ratio (DPR) is presently 93.57%.

Institutional Investors Weigh In On Carlyle Secured Lending

Large investors have recently modified their holdings of the stock. Raymond James & Associates raised its stake in shares of Carlyle Secured Lending by 80.8% during the fourth quarter. Raymond James & Associates now owns 131,643 shares of the company’s stock worth $1,969,000 after purchasing an additional 58,841 shares during the last quarter. Greenwich Investment Management Inc. raised its stake in shares of Carlyle Secured Lending by 15.6% during the third quarter. Greenwich Investment Management Inc. now owns 116,718 shares of the company’s stock worth $1,692,000 after purchasing an additional 15,715 shares during the last quarter. Quadrature Capital Ltd acquired a new position in Carlyle Secured Lending during the fourth quarter worth $576,000. International Assets Investment Management LLC grew its holdings in Carlyle Secured Lending by 327.2% during the fourth quarter. International Assets Investment Management LLC now owns 271,150 shares of the company’s stock worth $40,560,000 after acquiring an additional 207,685 shares during the period. Finally, FineMark National Bank & Trust grew its holdings in Carlyle Secured Lending by 3.1% during the fourth quarter. FineMark National Bank & Trust now owns 41,624 shares of the company’s stock worth $623,000 after acquiring an additional 1,243 shares during the period. Hedge funds and other institutional investors own 24.51% of the company’s stock.

About Carlyle Secured Lending

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.