Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Director Mark David Jenkins Buys 1,000 Shares of Stock

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Director Mark David Jenkins acquired 1,000 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The stock was bought at an average price of $16.74 per share, with a total value of $16,740.00. Following the purchase, the director now directly owns 25,719 shares in the company, valued at approximately $430,536.06. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Carlyle Secured Lending Stock Up 0.9 %

Shares of NASDAQ CGBD opened at $16.97 on Friday. The business has a 50-day moving average of $17.41 and a two-hundred day moving average of $17.03. The company has a market capitalization of $861.99 million, a price-to-earnings ratio of 9.92 and a beta of 1.60. Carlyle Secured Lending, Inc. has a 1 year low of $13.31 and a 1 year high of $18.74. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.45 and a quick ratio of 1.45.

Carlyle Secured Lending (NASDAQ:CGBD) last issued its earnings results on Monday, August 5th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.01. The business had revenue of $58.26 million for the quarter, compared to analyst estimates of $42.21 million. Carlyle Secured Lending had a return on equity of 12.92% and a net margin of 38.15%. During the same quarter last year, the company earned $0.52 EPS. On average, analysts forecast that Carlyle Secured Lending, Inc. will post 2.05 earnings per share for the current fiscal year.

Carlyle Secured Lending Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Monday, September 30th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.88 annualized dividend and a dividend yield of 11.08%. Carlyle Secured Lending’s dividend payout ratio is presently 93.57%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CGBD. JPMorgan Chase & Co. cut shares of Carlyle Secured Lending from a “neutral” rating to an “underweight” rating and set a $17.00 target price on the stock. in a report on Monday, July 29th. Wells Fargo & Company dropped their price objective on shares of Carlyle Secured Lending from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 6th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Kimelman & Baird LLC acquired a new stake in Carlyle Secured Lending during the 2nd quarter worth $35,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Carlyle Secured Lending during the second quarter worth about $52,000. nVerses Capital LLC acquired a new stake in shares of Carlyle Secured Lending during the second quarter worth about $53,000. Cape Investment Advisory Inc. purchased a new stake in shares of Carlyle Secured Lending in the 4th quarter valued at about $76,000. Finally, Tucker Asset Management LLC acquired a new stake in shares of Carlyle Secured Lending in the 4th quarter valued at about $80,000. Institutional investors and hedge funds 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.