Novare Capital Management LLC Sells 31,630 Shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

Novare Capital Management LLC lessened its position in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBDFree Report) by 15.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 177,805 shares of the company’s stock after selling 31,630 shares during the quarter. Novare Capital Management LLC owned about 0.35% of Carlyle Secured Lending worth $3,017,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Kimelman & Baird LLC bought a new position in shares of Carlyle Secured Lending during the 2nd quarter worth approximately $35,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Carlyle Secured Lending during the 2nd quarter worth approximately $52,000. nVerses Capital LLC bought a new position in shares of Carlyle Secured Lending during the 2nd quarter worth approximately $53,000. Tucker Asset Management LLC bought a new position in shares of Carlyle Secured Lending during the 4th quarter worth approximately $80,000. Finally, Kingsview Wealth Management LLC bought a new position in shares of Carlyle Secured Lending during the 1st quarter worth approximately $171,000. Institutional investors own 24.51% of the company’s stock.

Carlyle Secured Lending Stock Up 0.2 %

Shares of NASDAQ CGBD traded up $0.03 during midday trading on Monday, hitting $17.28. The company’s stock had a trading volume of 43,871 shares, compared to its average volume of 213,333. The business’s fifty day simple moving average is $16.89 and its two-hundred day simple moving average is $17.29. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.85 and a quick ratio of 1.85. Carlyle Secured Lending, Inc. has a 1 year low of $13.31 and a 1 year high of $18.74. The firm has a market capitalization of $877.74 million, a price-to-earnings ratio of 10.09 and a beta of 1.59.

Carlyle Secured Lending (NASDAQ:CGBDGet Free Report) last issued its earnings results on Monday, August 5th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.01. Carlyle Secured Lending had a net margin of 44.19% and a return on equity of 12.74%. The firm had revenue of $58.26 million for the quarter, compared to analysts’ expectations of $42.21 million. During the same quarter last year, the company earned $0.52 earnings per share. On average, equities analysts predict that Carlyle Secured Lending, Inc. will post 1.96 EPS for the current year.

Carlyle Secured Lending Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.88 dividend on an annualized basis and a yield of 10.88%. Carlyle Secured Lending’s payout ratio is currently 93.57%.

Wall Street Analysts Forecast Growth

CGBD has been the topic of several research analyst reports. JPMorgan Chase & Co. downgraded shares of Carlyle Secured Lending from a “neutral” rating to an “underweight” rating and set a $17.00 target price on the stock. in a research report on Monday, July 29th. Wells Fargo & Company dropped their target price on shares of Carlyle Secured Lending from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 6th.

Get Our Latest Research Report on CGBD

About Carlyle Secured Lending

(Free Report)

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.

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Institutional Ownership by Quarter for Carlyle Secured Lending (NASDAQ:CGBD)

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