Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. trimmed its holdings in Carlyle Secured Lending, Inc. (NASDAQ:CGBD) by 9.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 239,970 shares of the company’s stock after selling 26,012 shares during the quarter. Advisors Asset Management Inc. owned approximately 0.47% of Carlyle Secured Lending worth $4,303,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Canton Hathaway LLC purchased a new position in Carlyle Secured Lending during the 4th quarter worth $47,000. Great Valley Advisor Group Inc. raised its position in Carlyle Secured Lending by 12.9% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 13,165 shares of the company’s stock worth $223,000 after buying an additional 1,500 shares during the last quarter. EMC Capital Management raised its position in Carlyle Secured Lending by 56.9% during the 4th quarter. EMC Capital Management now owns 13,021 shares of the company’s stock worth $233,000 after buying an additional 4,722 shares during the last quarter. Jane Street Group LLC raised its position in Carlyle Secured Lending by 30.9% during the 3rd quarter. Jane Street Group LLC now owns 13,775 shares of the company’s stock worth $234,000 after buying an additional 3,249 shares during the last quarter. Finally, Round Rock Advisors LLC purchased a new position in Carlyle Secured Lending during the 4th quarter worth $333,000. 24.51% of the stock is owned by institutional investors and hedge funds.

Carlyle Secured Lending Stock Performance

Shares of CGBD opened at $17.20 on Friday. The company has a 50-day simple moving average of $17.77 and a 200-day simple moving average of $17.46. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $876.46 million, a PE ratio of 9.61 and a beta of 1.57. Carlyle Secured Lending, Inc. has a 52-week low of $15.01 and a 52-week high of $18.74.

Carlyle Secured Lending Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 24th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 24th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 9.30%. Carlyle Secured Lending’s dividend payout ratio is presently 98.77%.

Analysts Set New Price Targets

A number of equities analysts have commented on CGBD shares. Bank of America downgraded shares of Carlyle Secured Lending from a “buy” rating to an “underperform” rating and set a $17.00 price objective for the company. in a research report on Monday, February 10th. JPMorgan Chase & Co. upped their price objective on shares of Carlyle Secured Lending from $16.00 to $17.00 and gave the stock an “underweight” rating in a research report on Monday, February 3rd. Finally, Wells Fargo & Company increased their price target on shares of Carlyle Secured Lending from $16.00 to $17.00 and gave the company an “equal weight” rating in a report on Wednesday, January 29th.

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.