Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Short Interest Update

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) saw a significant decrease in short interest in the month of February. As of February 15th, there was short interest totalling 401,900 shares, a decrease of 25.9% from the January 31st total of 542,600 shares. Based on an average trading volume of 214,900 shares, the short-interest ratio is currently 1.9 days. Currently, 0.9% of the shares of the stock are short sold.

Analysts Set New Price Targets

CGBD has been the topic of several research analyst reports. Bank of America lowered shares of Carlyle Secured Lending from a “buy” rating to an “underperform” rating and set a $17.00 target price on the stock. in a research report on Monday, February 10th. Wells Fargo & Company lifted their target price on shares of Carlyle Secured Lending from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. increased their price target on shares of Carlyle Secured Lending from $16.00 to $17.00 and gave the company an “underweight” rating in a research note on Monday, February 3rd.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Jane Street Group LLC lifted its stake in Carlyle Secured Lending by 30.9% during the 3rd quarter. Jane Street Group LLC now owns 13,775 shares of the company’s stock worth $234,000 after acquiring an additional 3,249 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Carlyle Secured Lending during the third quarter worth about $492,000. Hager Investment Management Services LLC acquired a new stake in shares of Carlyle Secured Lending during the fourth quarter worth about $4,093,000. Private Advisor Group LLC purchased a new position in shares of Carlyle Secured Lending in the third quarter valued at approximately $235,000. Finally, Franklin Resources Inc. acquired a new position in shares of Carlyle Secured Lending in the third quarter valued at approximately $585,000. 24.51% of the stock is currently owned by institutional investors and hedge funds.

Carlyle Secured Lending Trading Down 1.9 %

Shares of NASDAQ CGBD traded down $0.33 during mid-day trading on Tuesday, reaching $17.31. 251,210 shares of the company’s stock were exchanged, compared to its average volume of 211,762. The company’s 50-day moving average is $18.04 and its 200-day moving average is $17.44. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market capitalization of $882.07 million, a price-to-earnings ratio of 9.67 and a beta of 1.57. Carlyle Secured Lending has a 52-week low of $15.01 and a 52-week high of $18.74.

Carlyle Secured Lending Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Monday, March 24th will be given a dividend of $0.40 per share. The ex-dividend date is Monday, March 24th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 9.24%. Carlyle Secured Lending’s payout ratio is currently 98.77%.

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.