Corient Private Wealth LLC Cuts Stake in Carlyle Secured Lending, Inc. $CGBD

Corient Private Wealth LLC lessened its stake in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) by 40.4% during the fourth quarter, HoldingsChannel reports. The firm owned 174,650 shares of the company’s stock after selling 118,195 shares during the period. Corient Private Wealth LLC’s holdings in Carlyle Secured Lending were worth $2,181,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of CGBD. Alpine Global Management LLC grew its stake in shares of Carlyle Secured Lending by 82.5% in the fourth quarter. Alpine Global Management LLC now owns 457,342 shares of the company’s stock valued at $5,712,000 after buying an additional 206,733 shares in the last quarter. Virtu Financial LLC purchased a new position in Carlyle Secured Lending in the 4th quarter worth approximately $285,000. Sunbelt Securities Inc. boosted its holdings in Carlyle Secured Lending by 3.3% in 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 during the period. Mackenzie Financial Corp boosted its holdings in Carlyle Secured Lending by 3.2% in the 4th quarter. Mackenzie Financial Corp now owns 27,466 shares of the company’s stock worth $348,000 after acquiring an additional 857 shares during the period. Finally, XTX Topco Ltd acquired a new stake in Carlyle Secured Lending in the fourth quarter valued at approximately $1,171,000. Institutional investors and hedge funds own 24.51% of the company’s stock.

Carlyle Secured Lending Trading Up 0.1%

NASDAQ:CGBD opened at $10.82 on Monday. The stock has a market cap of $752.34 million, a price-to-earnings ratio of 15.25 and a beta of 0.62. Carlyle Secured Lending, Inc. has a one year low of $10.48 and a one year 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 business’s 50-day simple moving average is $11.12 and its 200 day simple moving average is $11.63.

Carlyle Secured Lending (NASDAQ:CGBD) last issued its quarterly earnings data on Monday, May 11th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $65.78 million. As a group, sell-side analysts predict that Carlyle Secured Lending, Inc. will post 1.36 earnings per share for the current fiscal year.

Carlyle Secured Lending Cuts Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CGBD. B. Riley Financial reiterated a “buy” rating on shares of Carlyle Secured Lending in a research note on Tuesday, May 12th. JPMorgan Chase & Co. decreased their target price on shares of 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. Finally, Wells Fargo & Company lowered their price target on shares of 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 company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price 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.