Carlyle Secured Lending (NASDAQ:CGBD) Sees Strong Trading Volume – Should You Buy?

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) saw strong trading volume on Monday . 137,704 shares changed hands during trading, a decline of 35% from the previous session’s volume of 210,840 shares.The stock last traded at $16.10 and had previously closed at $16.72.

Analysts Set New Price Targets

CGBD has been the subject of several research analyst reports. Wells Fargo & Company upped 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 research note on Wednesday, January 29th. JPMorgan Chase & Co. raised their price target on Carlyle Secured Lending from $16.00 to $17.00 and gave the stock an “underweight” rating in a research note on Monday, February 3rd. Finally, Bank of America cut Carlyle Secured Lending from a “buy” rating to an “underperform” rating and set a $17.00 price objective for the company. in a research note on Monday, February 10th.

Carlyle Secured Lending Stock Up 0.4 %

The business has a 50-day simple moving average of $17.53 and a two-hundred day simple moving average of $17.45. The company has a market capitalization of $827.54 million, a price-to-earnings ratio of 9.07 and a beta of 1.57. 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 Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 24th will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, March 24th. This represents a $1.60 annualized dividend and a yield of 9.85%. Carlyle Secured Lending’s dividend payout ratio is currently 98.77%.

Institutional Trading of Carlyle Secured Lending

A number of institutional investors have recently added to or reduced their stakes in CGBD. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Carlyle Secured Lending during the fourth quarter worth $2,340,000. United Advisor Group LLC increased its position in Carlyle Secured Lending by 58.4% during the fourth quarter. United Advisor Group LLC now owns 23,919 shares of the company’s stock worth $429,000 after buying an additional 8,814 shares in the last quarter. Caxton Associates LP purchased a new position in Carlyle Secured Lending during the fourth quarter worth $362,000. Bank of America Corp DE raised its stake in Carlyle Secured Lending by 3.8% in the 4th quarter. Bank of America Corp DE now owns 1,192,606 shares of the company’s stock valued at $21,383,000 after purchasing an additional 44,033 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of Carlyle Secured Lending by 9.3% during the fourth quarter. Ameriprise Financial Inc. now owns 178,830 shares of the company’s stock valued at $3,207,000 after buying an additional 15,143 shares during the period. Hedge funds and other institutional investors own 24.51% of the company’s stock.

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.