Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Short Interest Update

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) was the target of a large decrease in short interest in October. As of October 31st, there was short interest totalling 312,500 shares, a decrease of 9.6% from the October 15th total of 345,800 shares. Approximately 0.7% of the company’s shares are sold short. Based on an average daily trading volume, of 187,400 shares, the short-interest ratio is currently 1.7 days.

Institutional Trading of Carlyle Secured Lending

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC grew its holdings in Carlyle Secured Lending by 1,597.0% in the third quarter. International Assets Investment Management LLC now owns 307,581 shares of the company’s stock worth $52,200,000 after purchasing an additional 289,456 shares during the period. Herbst Group LLC purchased a new position in shares of Carlyle Secured Lending in the 3rd quarter worth about $2,071,000. Bright Futures Wealth Management LLC. bought a new position in Carlyle Secured Lending during the first quarter valued at about $873,000. Condor Capital Management increased its holdings in Carlyle Secured Lending by 16.3% during the second quarter. Condor Capital Management now owns 264,311 shares of the company’s stock worth $4,689,000 after buying an additional 36,984 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. raised its position in Carlyle Secured Lending by 44.4% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 118,341 shares of the company’s stock worth $2,099,000 after acquiring an additional 36,412 shares during the period. Institutional investors and hedge funds own 24.51% of the company’s stock.

Carlyle Secured Lending Price Performance

CGBD stock traded down $0.07 during midday trading on Friday, reaching $16.22. The company had a trading volume of 128,090 shares, compared to its average volume of 170,143. The stock has a 50 day moving average price of $17.09 and a 200-day moving average price of $17.37. Carlyle Secured Lending has a 1-year low of $14.64 and a 1-year high of $18.74. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market capitalization of $825.76 million, a price-to-earnings ratio of 9.06 and a beta of 1.59.

Carlyle Secured Lending (NASDAQ:CGBD) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.01. The company had revenue of $55.97 million for the quarter, compared to analyst estimates of $39.92 million. Carlyle Secured Lending had a net margin of 40.69% and a return on equity of 12.60%. During the same period in the previous year, the firm posted $0.52 EPS. Equities research analysts expect that Carlyle Secured Lending will post 1.99 earnings per share for the current year.

Carlyle Secured Lending Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be issued a $0.45 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.80 dividend on an annualized basis and a yield of 11.10%. Carlyle Secured Lending’s payout ratio is 89.39%.

Analyst Ratings Changes

A number of equities research analysts recently commented on CGBD shares. Wells Fargo & Company dropped their price objective on shares of Carlyle Secured Lending from $17.00 to $16.00 and set an “equal weight” rating on the stock in a report on Thursday, November 7th. JPMorgan Chase & Co. cut shares of Carlyle Secured Lending from a “neutral” rating to an “underweight” rating and set a $17.00 target price for the company. in a research note on Monday, July 29th.

About Carlyle Secured Lending

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.