Axxcess Wealth Management LLC Has $263,000 Stock Position in Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

Axxcess Wealth Management LLC cut its holdings in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) by 25.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,573 shares of the company’s stock after selling 6,000 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Carlyle Secured Lending were worth $263,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of CGBD. LSV Asset Management lifted its position in shares of Carlyle Secured Lending by 8.6% in the third quarter. LSV Asset Management now owns 1,683,463 shares of the company’s stock worth $24,410,000 after purchasing an additional 133,376 shares in the last quarter. International Assets Investment Management LLC increased its stake in Carlyle Secured Lending by 327.2% in the 4th quarter. International Assets Investment Management LLC now owns 271,150 shares of the company’s stock valued at $40,560,000 after buying an additional 207,685 shares during the period. Advisors Asset Management Inc. lifted its position in Carlyle Secured Lending by 9.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 206,779 shares of the company’s stock worth $2,998,000 after buying an additional 17,426 shares in the last quarter. HighTower Advisors LLC boosted its stake in shares of Carlyle Secured Lending by 1.3% during the 3rd quarter. HighTower Advisors LLC now owns 155,013 shares of the company’s stock valued at $2,245,000 after buying an additional 2,025 shares during the period. Finally, Truist Financial Corp boosted its stake in shares of Carlyle Secured Lending by 1.3% during the 4th quarter. Truist Financial Corp now owns 140,610 shares of the company’s stock valued at $2,104,000 after buying an additional 1,812 shares during the period. 24.51% of the stock is currently owned by institutional investors and hedge funds.

Carlyle Secured Lending Stock Performance

CGBD stock opened at $17.85 on Friday. The firm has a 50 day moving average of $16.58 and a two-hundred day moving average of $15.57. Carlyle Secured Lending, Inc. has a 12 month low of $13.12 and a 12 month high of $17.85. The company has a market capitalization of $906.69 million, a price-to-earnings ratio of 10.44 and a beta of 1.56. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 1.14.

Carlyle Secured Lending (NASDAQ:CGBD) last issued its quarterly earnings data on Monday, February 26th. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. The firm had revenue of $62.69 million during the quarter, compared to analysts’ expectations of $42.86 million. Carlyle Secured Lending had a net margin of 38.19% and a return on equity of 12.80%. During the same period in the prior year, the company posted $0.48 earnings per share. As a group, equities analysts anticipate that Carlyle Secured Lending, Inc. will post 2.05 EPS for the current fiscal year.

Carlyle Secured Lending Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 17th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.47 per share. The ex-dividend date is Friday, June 28th. This represents a $1.88 annualized dividend and a dividend yield of 10.53%. Carlyle Secured Lending’s dividend payout ratio (DPR) is presently 93.57%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Citigroup upped their price target on shares of Carlyle Secured Lending from $16.00 to $17.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Wells Fargo & Company raised their price target on Carlyle Secured Lending from $14.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Monday, January 29th.

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.