Muzinich & Co. Inc. Sells 14,283 Shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

Muzinich & Co. Inc. decreased its holdings in Carlyle Secured Lending, Inc. (NASDAQ:CGBD) by 6.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 202,472 shares of the company’s stock after selling 14,283 shares during the quarter. Carlyle Secured Lending makes up about 2.3% of Muzinich & Co. Inc.’s investment portfolio, making the stock its 12th largest position. Muzinich & Co. Inc. owned approximately 0.40% of Carlyle Secured Lending worth $3,630,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CGBD. Canton Hathaway LLC acquired a new stake in Carlyle Secured Lending during the 4th quarter worth approximately $47,000. Edge Capital Group LLC lifted its stake in Carlyle Secured Lending by 470.2% in the 4th quarter. Edge Capital Group LLC now owns 64,518 shares of the company’s stock valued at $1,157,000 after purchasing an additional 53,204 shares during the last quarter. Global Retirement Partners LLC increased its holdings in shares of Carlyle Secured Lending by 3.5% during the 4th quarter. Global Retirement Partners LLC now owns 50,093 shares of the company’s stock worth $898,000 after acquiring an additional 1,679 shares during the last quarter. Apollon Wealth Management LLC raised its position in shares of Carlyle Secured Lending by 53.1% in the fourth quarter. Apollon Wealth Management LLC now owns 30,386 shares of the company’s stock valued at $545,000 after purchasing an additional 10,538 shares during the period. Finally, Hager Investment Management Services LLC bought a new stake in shares of Carlyle Secured Lending during the fourth quarter worth approximately $4,093,000. 24.51% of the stock is owned by institutional investors.

Carlyle Secured Lending Trading Up 1.9 %

CGBD opened at $17.86 on Thursday. The company has a 50-day simple moving average of $18.06 and a 200 day simple moving average of $17.41. The stock has a market capitalization of $909.18 million, a price-to-earnings ratio of 9.98 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, Inc. has a twelve month low of $15.01 and a twelve month high of $18.74.

Carlyle Secured Lending Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 24th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 24th. This represents a $1.60 annualized dividend and a yield of 8.96%. Carlyle Secured Lending’s dividend payout ratio is currently 89.39%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CGBD. JPMorgan Chase & Co. boosted their price target on Carlyle Secured Lending from $16.00 to $17.00 and gave the company an “underweight” rating in a research note on Monday, February 3rd. Bank of America lowered shares of Carlyle Secured Lending from a “buy” rating to an “underperform” rating and set a $17.00 price target on the stock. in a research report on Monday, February 10th. Finally, Wells Fargo & Company boosted their price objective 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 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.