Carlyle Secured Lending (NASDAQ:CGBD) Hits New 52-Week Low – Should You Sell?

Carlyle Secured Lending, Inc. (NASDAQ:CGBD)’s stock price reached a new 52-week low on Monday . The stock traded as low as $10.25 and last traded at $10.2650, with a volume of 529689 shares trading hands. The stock had previously closed at $10.45.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CGBD shares. Wells Fargo & Company reduced their price target on shares of Carlyle Secured Lending from $13.00 to $12.00 and set an “overweight” rating on the stock in a report on Wednesday, May 13th. B. Riley Financial reissued a “buy” rating on shares of Carlyle Secured Lending in a research note on Tuesday, May 12th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $12.50.

Carlyle Secured Lending Stock Down 0.9%

The firm’s 50 day moving average is $10.79 and its two-hundred day moving average is $11.40. The stock has a market cap of $719.67 million, a price-to-earnings ratio of 14.59 and a beta of 0.62. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 1.24.

Carlyle Secured Lending (NASDAQ:CGBD) last released its quarterly earnings results on Monday, May 11th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. The company had revenue of $64.08 million for the quarter, compared to analysts’ expectations of $65.78 million. Carlyle Secured Lending had a net margin of 19.52% and a return on equity of 8.99%. On average, sell-side analysts predict that Carlyle Secured Lending, Inc. will post 1.35 EPS for the current year.

Carlyle Secured Lending Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 16th. Investors of record on Tuesday, June 30th were given a dividend of $0.35 per share. The ex-dividend date was Tuesday, June 30th. This represents a $1.40 dividend on an annualized basis and a yield of 13.5%. Carlyle Secured Lending’s dividend payout ratio (DPR) is 197.18%.

Institutional Trading of Carlyle Secured Lending

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Transcend Capital Advisors LLC lifted its stake in shares of Carlyle Secured Lending by 2.8% during the 4th quarter. Transcend Capital Advisors LLC now owns 29,451 shares of the company’s stock worth $368,000 after purchasing an additional 805 shares during the period. Mackenzie Financial Corp increased its stake in Carlyle Secured Lending by 3.2% in the fourth quarter. Mackenzie Financial Corp now owns 27,466 shares of the company’s stock valued at $348,000 after purchasing an additional 857 shares during the last quarter. Advisory Research Inc. increased its stake in Carlyle Secured Lending by 9.2% in the third quarter. Advisory Research Inc. now owns 11,340 shares of the company’s stock valued at $142,000 after purchasing an additional 953 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Carlyle Secured Lending by 71.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,630 shares of the company’s stock worth $36,000 after buying an additional 1,100 shares during the period. Finally, Sunbelt Securities Inc. lifted its position in Carlyle Secured Lending by 3.3% during the fourth quarter. Sunbelt Securities Inc. now owns 34,182 shares of the company’s stock worth $427,000 after buying an additional 1,100 shares during the period. 24.51% of the stock is owned by hedge funds and other institutional investors.

About Carlyle Secured Lending

Carlyle Secured Lending, Inc (NASDAQ: CGBD) is a closed-end, non-diversified business development company that provides customized debt financing solutions to middle-market companies. Chartered under the Investment Company Act of 1940, the company invests primarily in floating-rate senior secured loans, including first-lien, unitranche and one-stop structures. Its objective is to generate current income and capital appreciation through disciplined credit selection and active portfolio management.

The firm focuses on U.S.