Compass Financial Management LLC Invests $464,000 in Carlyle Secured Lending, Inc. $CGBD

Compass Financial Management LLC purchased a new stake in Carlyle Secured Lending, Inc. (NASDAQ:CGBD) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 44,160 shares of the company’s stock, valued at approximately $464,000.

A number of other hedge funds have also added to or reduced their stakes in CGBD. Lalia Capital LLC bought a new position in shares of Carlyle Secured Lending in the second quarter valued at approximately $9,765,000. Rivernorth Capital Management LLC grew its holdings in Carlyle Secured Lending by 58.2% during the fourth quarter. Rivernorth Capital Management LLC now owns 1,900,728 shares of the company’s stock worth $23,740,000 after buying an additional 699,586 shares in the last quarter. Toronto Dominion Bank bought a new stake in Carlyle Secured Lending during the fourth quarter worth $6,245,000. Two Sigma Investments LP raised its position in Carlyle Secured Lending by 199.4% in the 3rd quarter. Two Sigma Investments LP now owns 727,570 shares of the company’s stock valued at $9,095,000 after buying an additional 484,581 shares during the last quarter. Finally, North Ground Capital raised its position in Carlyle Secured Lending by 91.6% in the 4th quarter. North Ground Capital now owns 912,220 shares of the company’s stock valued at $11,394,000 after buying an additional 436,086 shares during the last quarter. Institutional investors and hedge funds own 24.51% of the company’s stock.

Wall Street Analysts Forecast Growth

CGBD has been the topic of a number of analyst reports. B. Riley Financial reaffirmed a “buy” rating on shares of Carlyle Secured Lending in a report on Tuesday, May 12th. Wells Fargo & Company dropped 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 research report on Wednesday, May 13th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $12.50.

Carlyle Secured Lending Stock Up 0.9%

CGBD stock opened at $11.45 on Tuesday. The stock has a market cap of $787.87 million, a P/E ratio of 22.45 and a beta of 0.62. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.20. The stock’s fifty day simple moving average is $10.70 and its two-hundred day simple moving average is $11.06. Carlyle Secured Lending, Inc. has a 1-year low of $9.94 and a 1-year high of $14.02.

Carlyle Secured Lending (NASDAQ:CGBD) last announced its earnings results on Thursday, August 6th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.03. The firm had revenue of $62.09 million during the quarter, compared to analyst estimates of $59.43 million. Carlyle Secured Lending had a return on equity of 8.85% and a net margin of 14.26%. Analysts expect that Carlyle Secured Lending, Inc. will post 1.39 EPS for the current year.

Carlyle Secured Lending Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Wednesday, September 30th will be given a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.40 annualized dividend and a yield of 12.2%. Carlyle Secured Lending’s payout ratio is currently 274.51%.

Carlyle Secured Lending Company Profile

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.