Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Sees Significant Growth in Short Interest

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) was the recipient of a large increase in short interest in November. As of November 30th, there was short interest totalling 325,600 shares, an increase of 37.4% from the November 15th total of 237,000 shares. Approximately 0.7% of the company’s stock are short sold. Based on an average daily volume of 174,200 shares, the short-interest ratio is presently 1.9 days.

Institutional Investors Weigh In On Carlyle Secured Lending

A number of institutional investors have recently modified their holdings of CGBD. Cetera Advisors LLC bought a new stake in Carlyle Secured Lending in the first quarter valued at about $379,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Carlyle Secured Lending in the 2nd quarter valued at approximately $312,000. Great Valley Advisor Group Inc. increased its holdings in shares of Carlyle Secured Lending by 5.1% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 11,665 shares of the company’s stock valued at $207,000 after acquiring an additional 565 shares during the last quarter. Raymond James & Associates raised its position in shares of Carlyle Secured Lending by 3.6% during the 2nd quarter. Raymond James & Associates now owns 126,916 shares of the company’s stock valued at $2,251,000 after acquiring an additional 4,459 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its stake in Carlyle Secured Lending by 44.4% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 118,341 shares of the company’s stock worth $2,099,000 after purchasing an additional 36,412 shares during the last quarter. Institutional investors and hedge funds own 24.51% of the company’s stock.

Carlyle Secured Lending Stock Up 1.0 %

CGBD traded up $0.18 during trading hours on Friday, reaching $17.84. 239,421 shares of the stock traded hands, compared to its average volume of 205,753. Carlyle Secured Lending has a fifty-two week low of $14.76 and a fifty-two week high of $18.74. The company has a market cap of $908.23 million, a price-to-earnings ratio of 9.97 and a beta of 1.59. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.11 and a quick ratio of 1.11. The firm’s fifty day simple moving average is $17.11 and its two-hundred day simple moving average is $17.31.

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

Carlyle Secured Lending Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.80 dividend on an annualized basis and a yield of 10.09%. Carlyle Secured Lending’s dividend payout ratio (DPR) is 89.39%.

Analyst Ratings Changes

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

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.