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

Rockefeller Capital Management L.P. increased its position in Carlyle Secured Lending, Inc. (NASDAQ:CGBD) by 29.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 428,516 shares of the company’s stock after purchasing an additional 96,245 shares during the quarter. Rockefeller Capital Management L.P. owned approximately 0.61% of Carlyle Secured Lending worth $5,352,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CGBD. Bright Futures Wealth Management LLC. acquired a new stake in shares of Carlyle Secured Lending during the 3rd quarter worth approximately $1,206,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Carlyle Secured Lending by 24.2% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 519,735 shares of the company’s stock valued at $6,491,000 after buying an additional 101,242 shares during the period. Samalin Investment Counsel LLC bought a new position in Carlyle Secured Lending in the fourth quarter valued at approximately $1,217,000. Muzinich & Co. Inc. boosted its stake in Carlyle Secured Lending by 47.3% in the fourth quarter. Muzinich & Co. Inc. now owns 736,442 shares of the company’s stock valued at $9,198,000 after acquiring an additional 236,524 shares during the last quarter. Finally, TrueMark Investments LLC grew its holdings in Carlyle Secured Lending by 517.5% during the 4th quarter. TrueMark Investments LLC now owns 111,844 shares of the company’s stock worth $1,397,000 after acquiring an additional 93,731 shares during the period. 24.51% of the stock is owned by institutional investors.

Carlyle Secured Lending Stock Performance

Shares of CGBD opened at $10.82 on Friday. The firm has a market cap of $752.34 million, a P/E ratio of 15.25 and a beta of 0.62. Carlyle Secured Lending, Inc. has a twelve month low of $10.48 and a twelve month high of $14.49. 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 firm’s 50 day moving average price is $11.12 and its two-hundred day moving average price is $11.64.

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

Carlyle Secured Lending Cuts Dividend

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

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Wells Fargo & Company dropped their target price on shares of Carlyle Secured Lending from $13.00 to $12.00 and set an “overweight” rating for the company in a research report on Wednesday, May 13th. JPMorgan Chase & Co. reduced their price target on 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. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of Carlyle Secured Lending in a research note on Tuesday, May 12th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $12.50.

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.