Redhawk Wealth Advisors Inc. Has $706,000 Stock Position in Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

Redhawk Wealth Advisors Inc. increased its holdings in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) by 5.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 39,403 shares of the company’s stock after buying an additional 2,139 shares during the quarter. Redhawk Wealth Advisors Inc.’s holdings in Carlyle Secured Lending were worth $706,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Commonwealth Equity Services LLC lifted its holdings in shares of Carlyle Secured Lending by 52.6% in the second quarter. Commonwealth Equity Services LLC now owns 31,490 shares of the company’s stock worth $559,000 after acquiring an additional 10,852 shares during the last quarter. Magnetar Financial LLC bought a new position in Carlyle Secured Lending in the 2nd quarter valued at approximately $189,000. Northwestern Mutual Wealth Management Co. bought a new position in Carlyle Secured Lending in the 2nd quarter valued at approximately $52,000. Kimelman & Baird LLC acquired a new stake in Carlyle Secured Lending in the second quarter valued at approximately $35,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of Carlyle Secured Lending during the second quarter worth $385,000. 24.51% of the stock is owned by institutional investors and hedge funds.

Carlyle Secured Lending Stock Performance

Carlyle Secured Lending stock opened at $18.37 on Friday. The business has a 50 day moving average of $17.49 and a 200-day moving average of $17.33. 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, Inc. has a 1 year low of $14.76 and a 1 year high of $18.74. The company has a market capitalization of $935.14 million, a P/E ratio of 10.26 and a beta of 1.57.

Carlyle Secured Lending (NASDAQ:CGBD) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.01. The firm had revenue of $55.97 million during 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 period in the prior year, the company posted $0.52 EPS. On average, equities research analysts predict that Carlyle Secured Lending, Inc. will post 1.98 earnings per share for the current year.

Carlyle Secured Lending Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 9.80%. The ex-dividend date of this dividend is Tuesday, December 31st. Carlyle Secured Lending’s payout ratio is presently 89.39%.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company dropped their price target on 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.

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.