SMH Capital Advisors Inc. Purchases Shares of 21,925 Carlyle Secured Lending, Inc. $CGBD

SMH Capital Advisors Inc. bought a new position in Carlyle Secured Lending, Inc. (NASDAQ:CGBD) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 21,925 shares of the company’s stock, valued at approximately $300,000. Carlyle Secured Lending makes up about 0.7% of SMH Capital Advisors Inc.’s portfolio, making the stock its 21st biggest position.

Other institutional investors and hedge funds have also made changes to their positions in the company. Envestnet Asset Management Inc. increased its stake in Carlyle Secured Lending by 19.8% during the first quarter. Envestnet Asset Management Inc. now owns 61,709 shares of the company’s stock valued at $998,000 after purchasing an additional 10,196 shares during the last quarter. Round Rock Advisors LLC boosted its holdings in shares of Carlyle Secured Lending by 146.6% in the 1st quarter. Round Rock Advisors LLC now owns 45,800 shares of the company’s stock valued at $741,000 after buying an additional 27,230 shares during the period. Cerity Partners LLC acquired a new position in shares of Carlyle Secured Lending in the 1st quarter valued at about $170,000. BluePointe Capital Management LLC grew its position in shares of Carlyle Secured Lending by 4.9% during the 1st quarter. BluePointe Capital Management LLC now owns 61,517 shares of the company’s stock valued at $1,024,000 after buying an additional 2,853 shares during the last quarter. Finally, Verdence Capital Advisors LLC raised its stake in Carlyle Secured Lending by 26.8% during the first quarter. Verdence Capital Advisors LLC now owns 40,965 shares of the company’s stock worth $663,000 after acquiring an additional 8,663 shares during the period. 24.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CGBD has been the subject of several recent research reports. B. Riley reaffirmed a “neutral” rating and set a $14.50 target price (up from $14.00) on shares of Carlyle Secured Lending in a report on Monday, August 11th. Raymond James Financial upgraded Carlyle Secured Lending from a “market perform” rating to an “outperform” rating and set a $15.00 price objective for the company in a research note on Tuesday, October 7th. Wells Fargo & Company cut their target price on Carlyle Secured Lending from $15.00 to $14.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, JPMorgan Chase & Co. reduced their target price on shares of Carlyle Secured Lending from $12.50 to $12.00 and set a “neutral” rating for the company in a research note on Thursday. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $14.58.

Insider Transactions at Carlyle Secured Lending

In other Carlyle Secured Lending news, CFO Thomas M. Hennigan bought 7,285 shares of the stock in a transaction on Wednesday, August 20th. The shares were bought at an average price of $13.75 per share, with a total value of $100,168.75. Following the purchase, the chief financial officer directly owned 88,495 shares in the company, valued at $1,216,806.25. The trade was a 8.97% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John G. Nestor sold 13,238 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $13.49, for a total transaction of $178,580.62. Following the completion of the sale, the director directly owned 14,593 shares of the company’s stock, valued at $196,859.57. This trade represents a 47.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.61% of the company’s stock.

Carlyle Secured Lending Stock Performance

Shares of NASDAQ CGBD opened at $11.93 on Friday. Carlyle Secured Lending, Inc. has a 1 year low of $11.65 and a 1 year high of $18.64. The firm has a market cap of $607.95 million, a P/E ratio of 10.11 and a beta of 0.87. The stock has a fifty day moving average price of $12.90 and a two-hundred day moving average price of $13.61. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.73 and a current ratio of 0.90.

Carlyle Secured Lending (NASDAQ:CGBD) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.01). Carlyle Secured Lending had a net margin of 30.18% and a return on equity of 9.24%. The firm had revenue of $66.51 million during the quarter, compared to analyst estimates of $69.61 million. Research analysts forecast that Carlyle Secured Lending, Inc. will post 1.97 EPS for the current fiscal year.

Carlyle Secured Lending Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Wednesday, December 31st will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 13.4%. The ex-dividend date of this dividend is Wednesday, December 31st. Carlyle Secured Lending’s dividend payout ratio is currently 135.59%.

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.