Edge Capital Group LLC Raises Stock Position in Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

Edge Capital Group LLC lifted its holdings in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) by 470.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,518 shares of the company’s stock after acquiring an additional 53,204 shares during the quarter. Edge Capital Group LLC’s holdings in Carlyle Secured Lending were worth $1,157,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in CGBD. 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 valued at $52,200,000 after acquiring an additional 289,456 shares in the last quarter. Hager Investment Management Services LLC purchased a new position in shares of Carlyle Secured Lending in the fourth quarter valued at $4,093,000. GFS Advisors LLC acquired a new stake in Carlyle Secured Lending during the 4th quarter valued at $891,000. Franklin Resources Inc. purchased a new stake in Carlyle Secured Lending during the 3rd quarter worth $585,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in Carlyle Secured Lending in the 3rd quarter worth $492,000. 24.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Carlyle Secured Lending Price Performance

CGBD opened at $17.77 on Tuesday. The company has a market capitalization of $904.60 million, a P/E ratio of 9.93 and a beta of 1.57. The company has a 50-day moving average of $18.06 and a 200-day moving average of $17.39. 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, Inc. has a 1-year low of $15.01 and a 1-year high of $18.74.

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.