Rockefeller Capital Management L.P. Purchases 96,245 Shares of Carlyle Secured Lending, Inc. $CGBD

Rockefeller Capital Management L.P. lifted its position in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) by 29.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 428,516 shares of the company’s stock after purchasing an additional 96,245 shares during the period. Rockefeller Capital Management L.P.’s holdings in Carlyle Secured Lending were worth $5,352,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its holdings 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 purchasing an additional 1,100 shares during the period. Kestra Advisory Services LLC acquired a new position in Carlyle Secured Lending during the fourth quarter worth approximately $47,000. Tower Research Capital LLC TRC raised its stake in Carlyle Secured Lending by 1,011.6% in the second quarter. Tower Research Capital LLC TRC now owns 4,313 shares of the company’s stock valued at $59,000 after buying an additional 3,925 shares during the period. SG Americas Securities LLC bought a new stake in Carlyle Secured Lending in the fourth quarter valued at approximately $112,000. Finally, Sound Income Strategies LLC lifted its position in shares of Carlyle Secured Lending by 553.0% in the fourth quarter. Sound Income Strategies LLC now owns 9,383 shares of the company’s stock valued at $121,000 after buying an additional 7,946 shares during the last quarter. 24.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on CGBD. JPMorgan Chase & Co. reduced their target price on Carlyle Secured Lending from $12.00 to $10.00 and set a “neutral” rating for the company in a research note on Friday, March 13th. B. Riley Financial restated a “buy” rating on shares of Carlyle Secured Lending in a research note on Tuesday, May 12th. Finally, Wells Fargo & Company cut their price target on Carlyle Secured Lending from $13.00 to $12.00 and set an “overweight” rating for the company in a report on Wednesday, May 13th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Carlyle Secured Lending presently has a consensus rating of “Hold” and an average price target of $12.50.

Carlyle Secured Lending Stock Up 2.8%

CGBD opened at $10.82 on Friday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.72 and a current ratio of 1.72. The company has a market capitalization of $752.34 million, a P/E ratio of 15.25 and a beta of 0.62. Carlyle Secured Lending, Inc. has a fifty-two week low of $10.48 and a fifty-two week high of $14.49. The stock has a fifty day moving average of $11.12 and a 200-day moving average of $11.64.

Carlyle Secured Lending (NASDAQ:CGBD) last announced its quarterly earnings data on Monday, May 11th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.01. Carlyle Secured Lending had a return on equity of 8.99% and a net margin of 19.52%.The firm had revenue of $64.08 million during the quarter, compared to analysts’ expectations of $65.78 million. On average, equities analysts expect that Carlyle Secured Lending, Inc. will post 1.36 EPS for the current year.

Carlyle Secured Lending Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 16th. Investors of record on Tuesday, June 30th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 12.9%. The ex-dividend date of this dividend is Tuesday, June 30th. Carlyle Secured Lending’s dividend payout ratio (DPR) is 225.35%.

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.