Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Sees Significant Increase in Short Interest

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) saw a large increase in short interest in 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 daily trading volume, of 195,000 shares, the short-interest ratio is presently 4.7 days. Approximately 2.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CGBD. Novare Capital Management LLC grew its position in shares of Carlyle Secured Lending by 0.5% in the 4th quarter. Novare Capital Management LLC now owns 178,705 shares of the company’s stock worth $3,204,000 after buying an additional 900 shares during the last quarter. Stifel Financial Corp boosted its holdings in Carlyle Secured Lending by 3.6% in the third quarter. Stifel Financial Corp now owns 30,274 shares of the company’s stock valued at $514,000 after acquiring an additional 1,039 shares in the last quarter. Rockefeller Capital Management L.P. increased its position in Carlyle Secured Lending by 5.0% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 31,058 shares of the company’s stock valued at $527,000 after purchasing an additional 1,490 shares during the period. Great Valley Advisor Group Inc. raised its holdings in Carlyle Secured Lending by 12.9% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 13,165 shares of the company’s stock worth $223,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in Carlyle Secured Lending by 8.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 19,150 shares of the company’s stock worth $325,000 after purchasing an additional 1,546 shares in the last quarter. Institutional investors own 24.51% of the company’s stock.

Carlyle Secured Lending Trading Down 1.0 %

Shares of NASDAQ:CGBD traded down $0.19 on Wednesday, reaching $18.36. 45,999 shares of the company traded hands, compared to its average volume of 198,276. Carlyle Secured Lending has a 52 week low of $14.76 and a 52 week high of $18.74. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.99. The business’s 50-day simple moving average is $17.81 and its 200 day simple moving average is $17.33. The stock has a market capitalization of $934.76 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 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. Carlyle Secured Lending had a return on equity of 12.60% and a net margin of 40.69%. The business had revenue of $55.97 million for the quarter, compared to analysts’ expectations of $39.92 million. During the same period in the previous year, the firm earned $0.52 EPS. As a group, equities analysts anticipate that Carlyle Secured Lending will post 1.98 EPS for the current fiscal year.

Carlyle Secured Lending Cuts Dividend

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

Wall Street Analyst Weigh In

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

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.