Raymond James Financial Inc. Takes $3.22 Million Position in Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

Raymond James Financial Inc. acquired a new stake in Carlyle Secured Lending, Inc. (NASDAQ:CGBD) during the fourth quarter, HoldingsChannel reports. The fund acquired 179,764 shares of the company’s stock, valued at approximately $3,223,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hager Investment Management Services LLC acquired a new stake in shares of Carlyle Secured Lending in the 4th quarter worth $4,093,000. Edge Capital Group LLC raised its holdings in Carlyle Secured Lending by 470.2% during the fourth quarter. Edge Capital Group LLC now owns 64,518 shares of the company’s stock worth $1,157,000 after purchasing an additional 53,204 shares in the last quarter. GFS Advisors LLC acquired a new stake in Carlyle Secured Lending in the fourth quarter valued at about $891,000. Franklin Resources Inc. purchased a new stake in Carlyle Secured Lending in the 3rd quarter valued at approximately $585,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in Carlyle Secured Lending during the 3rd quarter worth approximately $492,000. 24.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on CGBD. JPMorgan Chase & Co. raised their price target on Carlyle Secured Lending from $16.00 to $17.00 and gave the company an “underweight” rating in a report on Monday, February 3rd. Wells Fargo & Company boosted their target price on shares of Carlyle Secured Lending from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 29th. Finally, Bank of America downgraded shares of Carlyle Secured Lending from a “buy” rating to an “underperform” rating and set a $17.00 price target for the company. in a report on Monday, February 10th.

Carlyle Secured Lending Stock Performance

NASDAQ CGBD opened at $16.91 on Friday. The company has a market capitalization of $861.68 million, a P/E ratio of 9.45 and a beta of 1.57. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.11 and a quick ratio of 1.11. Carlyle Secured Lending, Inc. has a 1-year low of $15.01 and a 1-year high of $18.74. The business has a 50 day moving average price of $17.66 and a 200 day moving average price of $17.46.

Carlyle Secured Lending Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 24th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 9.46%. The ex-dividend date is Monday, March 24th. Carlyle Secured Lending’s payout ratio is currently 98.77%.

Carlyle Secured Lending Company Profile

Carlyle Secured Lending, Inc is business development company specializing in first lien debt, senior secured loans, second lien senior secured loan unsecured debt, mezzanine debt and investments in equities. It specializes in directly investing. It specializes in middle market. It targets healthcare and pharmaceutical, aerospace and defense, high tech industries, business services, software, beverage food and tobacco, hotel gamming and leisure, banking finance insurance and in real estate sector.