Novare Capital Management LLC Acquires 900 Shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

Novare Capital Management LLC grew its holdings in Carlyle Secured Lending, Inc. (NASDAQ:CGBD) by 0.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 178,705 shares of the company’s stock after buying an additional 900 shares during the period. Novare Capital Management LLC owned approximately 0.35% of Carlyle Secured Lending worth $3,204,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. International Assets Investment Management LLC grew its position in Carlyle Secured Lending by 1,597.0% in the third quarter. International Assets Investment Management LLC now owns 307,581 shares of the company’s stock worth $52,200,000 after acquiring an additional 289,456 shares in the last quarter. Herbst Group LLC bought a new stake in shares of Carlyle Secured Lending in the 3rd quarter valued at approximately $2,071,000. Franklin Resources Inc. purchased a new position in shares of Carlyle Secured Lending in the 3rd quarter worth approximately $585,000. Y Intercept Hong Kong Ltd bought a new position in shares of Carlyle Secured Lending during the 3rd quarter valued at approximately $492,000. Finally, Sanctuary Advisors LLC bought a new position in shares of Carlyle Secured Lending during the 2nd quarter valued at approximately $385,000. 24.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, 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 for the company in a research note on Thursday, November 7th.

Carlyle Secured Lending Stock Performance

Carlyle Secured Lending stock opened at $18.31 on Friday. Carlyle Secured Lending, Inc. has a 1-year low of $14.76 and a 1-year high of $18.74. The company’s 50-day moving average is $17.73 and its 200 day moving average is $17.34. The firm has a market capitalization of $932.16 million, a P/E ratio of 10.23 and a beta of 1.57. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.11 and a quick ratio of 1.11.

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

Carlyle Secured Lending Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 9.83%. The ex-dividend date was Tuesday, December 31st. Carlyle Secured Lending’s dividend payout ratio is currently 89.39%.

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.