Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Short Interest Update

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) was the recipient of a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 915,000 shares, an increase of 189.3% from the December 31st total of 316,300 shares. Based on an average trading volume of 195,000 shares, the days-to-cover ratio is presently 4.7 days. Approximately 2.0% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, Wells Fargo & Company increased their target price on shares of Carlyle Secured Lending from $16.00 to $17.00 and gave the stock an “equal weight” rating in a report on Wednesday.

Carlyle Secured Lending Trading Up 1.0 %

Shares of NASDAQ:CGBD traded up $0.18 during midday trading on Thursday, reaching $18.48. The company had a trading volume of 87,682 shares, compared to its average volume of 195,141. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.11 and a current ratio of 1.11. Carlyle Secured Lending has a 1-year low of $14.76 and a 1-year high of $18.74. The firm has a market cap of $940.82 million, a price-to-earnings ratio of 10.32 and a beta of 1.57. The company has a fifty day simple moving average of $17.85 and a two-hundred day simple moving average of $17.34.

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

Carlyle Secured Lending Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 9.74%. The ex-dividend date of this dividend was Tuesday, December 31st. Carlyle Secured Lending’s dividend payout ratio is 89.39%.

Institutional Investors Weigh In On Carlyle Secured Lending

Several hedge funds have recently modified their holdings of the business. Kimelman & Baird LLC acquired a new stake in shares of Carlyle Secured Lending in the 2nd quarter valued at $35,000. Northwestern Mutual Wealth Management Co. acquired a new position in Carlyle Secured Lending in the second quarter valued at about $52,000. Great Valley Advisor Group Inc. grew its stake in Carlyle Secured Lending by 12.9% during the third 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 increased its holdings in shares of Carlyle Secured Lending by 56.9% during the fourth quarter. EMC Capital Management now owns 13,021 shares of the company’s stock worth $233,000 after buying an additional 4,722 shares in the last quarter. Finally, Jane Street Group LLC increased its holdings in shares of Carlyle Secured Lending by 30.9% during the third 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 in the last quarter. 24.51% of the stock is owned by institutional investors.

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.