Creative Planning Increases Position in Carlyle Secured Lending, Inc. $CGBD

Creative Planning grew its position in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) by 0.9% during the second quarter, Holdings Channel reports. The firm owned 4,916,335 shares of the company’s stock after acquiring an additional 44,062 shares during the quarter. Creative Planning owned approximately 0.10% of Carlyle Secured Lending worth $67,255,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CGBD. Quarry LP acquired a new position in Carlyle Secured Lending during the 1st quarter worth about $32,000. Catalyst Capital Advisors LLC acquired a new position in Carlyle Secured Lending in the 2nd quarter valued at about $97,000. Cerity Partners LLC purchased a new stake in Carlyle Secured Lending during the first quarter worth about $170,000. SCS Capital Management LLC acquired a new stake in shares of Carlyle Secured Lending during the first quarter worth about $188,000. Finally, U.S. Capital Wealth Advisors LLC lifted its position in shares of Carlyle Secured Lending by 34.3% during the second quarter. U.S. Capital Wealth Advisors LLC now owns 13,850 shares of the company’s stock worth $189,000 after purchasing an additional 3,540 shares in the last quarter. 24.51% of the stock is owned by institutional investors and hedge funds.

Carlyle Secured Lending Stock Down 0.7%

Shares of Carlyle Secured Lending stock opened at $11.88 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.10. Carlyle Secured Lending, Inc. has a 52-week low of $11.65 and a 52-week high of $18.64. The company has a market capitalization of $605.40 million, a P/E ratio of 10.07 and a beta of 0.87. The company has a 50 day moving average of $12.67 and a 200 day moving average of $13.49.

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 analysts’ consensus estimates of $0.39 by ($0.01). The firm had revenue of $66.51 million during the quarter, compared to analyst estimates of $69.61 million. Carlyle Secured Lending had a net margin of 30.18% and a return on equity of 9.24%. As a group, research analysts forecast that Carlyle Secured Lending, Inc. will post 1.97 EPS for the current fiscal year.

Carlyle Secured Lending Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Wednesday, December 31st will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 13.5%. The ex-dividend date of this dividend is Wednesday, December 31st. Carlyle Secured Lending’s payout ratio is 135.59%.

Insider Activity

In other news, Director John G. Nestor sold 13,238 shares of the stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $13.49, for a total value of $178,580.62. Following the transaction, the director owned 14,593 shares in the company, valued at approximately $196,859.57. This represents a 47.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Thomas M. Hennigan bought 7,285 shares of the business’s stock in a transaction dated Wednesday, August 20th. The shares were acquired at an average cost of $13.75 per share, for a total transaction of $100,168.75. Following the transaction, the chief financial officer directly owned 88,495 shares in the company, valued at approximately $1,216,806.25. This represents a 8.97% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on CGBD shares. Raymond James Financial upgraded shares of Carlyle Secured Lending from a “market perform” rating to an “outperform” rating and set a $15.00 price objective for the company in a report on Tuesday, October 7th. B. Riley decreased their price target on shares of Carlyle Secured Lending from $14.50 to $13.00 and set a “neutral” rating for the company in a research report on Tuesday, November 11th. JPMorgan Chase & Co. dropped their price target 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, November 6th. Zacks Research cut Carlyle Secured Lending from a “hold” rating to a “strong sell” rating in a research note on Monday, November 10th. Finally, Wells Fargo & Company decreased their target price on Carlyle Secured Lending from $15.00 to $14.00 and set an “overweight” rating for the company in a report on Thursday, November 6th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $14.33.

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.