Redhawk Wealth Advisors Inc. Has $706,000 Stock Holdings in Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

Redhawk Wealth Advisors Inc. boosted its position in Carlyle Secured Lending, Inc. (NASDAQ:CGBD) by 5.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 39,403 shares of the company’s stock after purchasing an additional 2,139 shares during the period. Redhawk Wealth Advisors Inc. owned about 0.08% of Carlyle Secured Lending worth $706,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Y Intercept Hong Kong Ltd acquired a new stake in shares of Carlyle Secured Lending during the 3rd quarter worth about $492,000. Jane Street Group LLC lifted its position in Carlyle Secured Lending by 30.9% during the third quarter. Jane Street Group LLC now owns 13,775 shares of the company’s stock worth $234,000 after acquiring an additional 3,249 shares during the last quarter. Private Advisor Group LLC bought a new stake in shares of Carlyle Secured Lending during the third quarter worth approximately $235,000. Franklin Resources Inc. acquired a new position in shares of Carlyle Secured Lending in the third quarter valued at approximately $585,000. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of Carlyle Secured Lending by 8.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 19,150 shares of the company’s stock valued at $325,000 after purchasing an additional 1,546 shares during the last quarter. Institutional investors own 24.51% of the company’s stock.

Carlyle Secured Lending Stock Performance

NASDAQ CGBD opened at $18.37 on Friday. The firm has a 50-day moving average price of $17.49 and a two-hundred day moving average price of $17.33. Carlyle Secured Lending, Inc. has a 12-month low of $14.76 and a 12-month high of $18.74. The company has a market capitalization of $935.14 million, a P/E ratio of 10.26 and a beta of 1.57. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.99.

Carlyle Secured Lending (NASDAQ:CGBD) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.01. Carlyle Secured Lending had a return on equity of 12.60% and a net margin of 40.69%. The business had revenue of $55.97 million during the quarter, compared to analysts’ expectations of $39.92 million. During the same period in the previous year, the company posted $0.52 earnings per share. Analysts anticipate that Carlyle Secured Lending, Inc. will post 1.98 earnings per share for the current year.

Carlyle Secured Lending Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 9.80%. The ex-dividend date is Tuesday, December 31st. Carlyle Secured Lending’s payout ratio is currently 89.39%.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company reduced their price target on Carlyle Secured Lending from $17.00 to $16.00 and set an “equal weight” rating for the company in a research note on Thursday, November 7th.

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.