Rockefeller Capital Management L.P. Increases Stake in Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

Rockefeller Capital Management L.P. boosted its stake in Carlyle Secured Lending, Inc. (NASDAQ:CGBD) by 54.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 47,988 shares of the company’s stock after buying an additional 16,930 shares during the period. Rockefeller Capital Management L.P. owned 0.09% of Carlyle Secured Lending worth $860,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Invesco Ltd. lifted its position in Carlyle Secured Lending by 1,449.1% during the 4th quarter. Invesco Ltd. now owns 659,564 shares of the company’s stock valued at $11,826,000 after acquiring an additional 616,988 shares during the period. Hager Investment Management Services LLC purchased a new position in shares of Carlyle Secured Lending during the fourth quarter valued at approximately $4,093,000. Raymond James Financial Inc. bought a new stake in shares of Carlyle Secured Lending in the 4th quarter worth approximately $3,223,000. Edge Capital Group LLC grew its stake in shares of Carlyle Secured Lending by 470.2% in the 4th quarter. Edge Capital Group LLC now owns 64,518 shares of the company’s stock worth $1,157,000 after buying an additional 53,204 shares during the last quarter. Finally, GFS Advisors LLC bought a new position in Carlyle Secured Lending during the 4th quarter valued at approximately $891,000. 24.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Bank of America cut Carlyle Secured Lending from a “buy” rating to an “underperform” rating and set a $17.00 target price on the stock. in a research note on Monday, February 10th. JPMorgan Chase & Co. increased their price objective on shares of Carlyle Secured Lending from $16.00 to $17.00 and gave the company an “underweight” rating in a research report on Monday, February 3rd. Finally, Wells Fargo & Company lifted 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 report on Wednesday, January 29th.

Carlyle Secured Lending Stock Up 0.8 %

CGBD stock opened at $14.21 on Wednesday. The stock has a market capitalization of $724.10 million, a P/E ratio of 7.94 and a beta of 1.22. 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 $13.12 and a 1-year high of $18.74. The business has a fifty day moving average price of $16.26 and a 200-day moving average price of $17.12.

Carlyle Secured Lending Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 24th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 11.26%. The ex-dividend date of this dividend was Monday, March 24th. Carlyle Secured Lending’s dividend payout ratio is currently 98.77%.

Carlyle Secured Lending 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.