Hennion & Walsh Asset Management Inc. Sells 3,908 Shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

Hennion & Walsh Asset Management Inc. decreased its holdings in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) by 3.2% in the fourth quarter, HoldingsChannel reports. The fund owned 117,003 shares of the company’s stock after selling 3,908 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Carlyle Secured Lending were worth $2,098,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Redhawk Wealth Advisors Inc. boosted its holdings in Carlyle Secured Lending by 5.7% in the 4th quarter. Redhawk Wealth Advisors Inc. now owns 39,403 shares of the company’s stock worth $706,000 after buying an additional 2,139 shares during the period. Franklin Resources Inc. bought a new position in Carlyle Secured Lending in the 3rd quarter worth $585,000. Y Intercept Hong Kong Ltd bought a new position in Carlyle Secured Lending in the 3rd quarter worth $492,000. Jane Street Group LLC boosted its holdings in Carlyle Secured Lending by 30.9% in 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 period. Finally, Stifel Financial Corp boosted its holdings in Carlyle Secured Lending by 3.6% in the 3rd quarter. Stifel Financial Corp now owns 30,274 shares of the company’s stock worth $514,000 after buying an additional 1,039 shares during the period. Institutional investors own 24.51% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Carlyle Secured Lending Stock Up 0.5 %

Shares of CGBD stock opened at $18.46 on Friday. The stock has a market cap of $939.80 million, a P/E ratio of 10.31 and a beta of 1.57. Carlyle Secured Lending, Inc. has a 52 week low of $14.76 and a 52 week high of $18.74. 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’s fifty day simple moving average is $17.53 and its two-hundred day simple moving average is $17.33.

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

Carlyle Secured Lending Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 9.75%. The ex-dividend date was Tuesday, December 31st. Carlyle Secured Lending’s payout ratio is currently 89.39%.

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.