Carlyle Secured Lending, Inc. $CGBD Shares Acquired by Alpine Global Management LLC

Alpine Global Management LLC grew its stake in Carlyle Secured Lending, Inc. (NASDAQ:CGBD) by 82.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 457,342 shares of the company’s stock after acquiring an additional 206,733 shares during the period. Carlyle Secured Lending accounts for about 1.0% of Alpine Global Management LLC’s investment portfolio, making the stock its 19th biggest position. Alpine Global Management LLC’s holdings in Carlyle Secured Lending were worth $5,712,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in CGBD. Transcend Capital Advisors LLC lifted its stake in Carlyle Secured Lending by 2.8% during the fourth quarter. Transcend Capital Advisors LLC now owns 29,451 shares of the company’s stock worth $368,000 after purchasing an additional 805 shares in the last quarter. Mackenzie Financial Corp grew its stake in shares of 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 buying an additional 857 shares in the last quarter. Advisory Research Inc. raised its holdings in shares of Carlyle Secured Lending by 9.2% in the 3rd quarter. Advisory Research Inc. now owns 11,340 shares of the company’s stock valued at $142,000 after buying an additional 953 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Carlyle Secured Lending by 71.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,630 shares of the company’s stock valued at $36,000 after buying an additional 1,100 shares during the period. Finally, Sunbelt Securities Inc. lifted its stake in Carlyle Secured Lending by 3.3% during the 4th quarter. Sunbelt Securities Inc. now owns 34,182 shares of the company’s stock worth $427,000 after acquiring an additional 1,100 shares in the last quarter. 24.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Carlyle Secured Lending Price Performance

CGBD stock opened at $10.95 on Friday. The business’s 50-day moving average is $11.17 and its two-hundred day moving average is $11.72. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.72 and a quick ratio of 1.72. The firm has a market capitalization of $761.02 million, a P/E ratio of 15.42 and a beta of 0.62. Carlyle Secured Lending, Inc. has a 1 year low of $10.48 and a 1 year high of $14.49.

Carlyle Secured Lending (NASDAQ:CGBD) last issued its quarterly earnings results on Monday, May 11th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. Carlyle Secured Lending had a net margin of 19.52% and a return on equity of 8.99%. The company had revenue of $64.08 million during the quarter, compared to the consensus estimate of $65.78 million. Analysts anticipate that Carlyle Secured Lending, Inc. will post 1.36 earnings per share for the current fiscal year.

Carlyle Secured Lending Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 16th. Stockholders of record on Tuesday, June 30th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 12.8%. The ex-dividend date is Tuesday, June 30th. Carlyle Secured Lending’s dividend payout ratio (DPR) is presently 225.35%.

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.