Corient Private Wealth LLC Takes Position in Carlyle Secured Lending, Inc. $CGBD

Corient Private Wealth LLC acquired a new position in Carlyle Secured Lending, Inc. (NASDAQ:CGBD) in the 2nd quarter, HoldingsChannel reports. The fund acquired 167,300 shares of the company’s stock, valued at approximately $2,289,000.

Several other institutional investors have also added to or reduced their stakes in CGBD. Cascade Financial Partners LLC bought a new stake in Carlyle Secured Lending during the 2nd quarter valued at $600,000. Legal & General Group Plc grew its holdings in Carlyle Secured Lending by 38.4% during the 2nd quarter. Legal & General Group Plc now owns 459,870 shares of the company’s stock valued at $6,291,000 after buying an additional 127,681 shares in the last quarter. Prime Capital Investment Advisors LLC bought a new stake in shares of Carlyle Secured Lending during the second quarter valued at about $30,158,000. Cliffwater LLC bought a new position in shares of Carlyle Secured Lending in the second quarter valued at approximately $7,505,000. Finally, Transcend Capital Advisors LLC purchased a new position in Carlyle Secured Lending during the second quarter valued at approximately $342,000. 24.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CGBD. Zacks Research raised shares of Carlyle Secured Lending from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 9th. Citigroup initiated coverage on Carlyle Secured Lending in a report on Monday, December 8th. They issued a “market perform” rating on the stock. 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 on the stock in a research report on Tuesday, October 7th. B. Riley dropped their target price 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. Finally, Wall Street Zen lowered shares of Carlyle Secured Lending from a “hold” rating to a “sell” rating in a report on Saturday, December 13th. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $14.33.

Insider Buying and Selling at Carlyle Secured Lending

In related news, Director John G. Nestor sold 7,085 shares of the stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $11.87, for a total transaction of $84,098.95. Following the completion of the sale, the director directly owned 7,508 shares in the company, valued at $89,119.96. This represents a 48.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.61% of the company’s stock.

Carlyle Secured Lending Stock Up 0.2%

Shares of CGBD opened at $12.54 on Tuesday. The firm has a market cap of $639.04 million, a P/E ratio of 10.63 and a beta of 0.68. Carlyle Secured Lending, Inc. has a 1 year low of $11.55 and a 1 year high of $18.64. The stock has a 50 day simple moving average of $12.48 and a two-hundred day simple moving average of $13.22. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.90 and a quick ratio of 0.90.

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). Carlyle Secured Lending had a return on equity of 9.24% and a net margin of 30.18%.The business had revenue of $66.51 million during the quarter, compared to the consensus estimate of $69.61 million. On average, analysts forecast that Carlyle Secured Lending, Inc. will post 1.97 earnings per share for the current fiscal year.

Carlyle Secured Lending Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Wednesday, December 31st will be issued a $0.40 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $1.60 annualized dividend and a dividend yield of 12.8%. Carlyle Secured Lending’s payout ratio is currently 135.59%.

Carlyle Secured Lending 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.