Hennion & Walsh Asset Management Inc. Decreases Stock Position in Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

Hennion & Walsh Asset Management Inc. reduced its position in Carlyle Secured Lending, Inc. (NASDAQ:CGBD) by 3.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 117,003 shares of the company’s stock after selling 3,908 shares during the period. Hennion & Walsh Asset Management Inc. owned about 0.23% of Carlyle Secured Lending worth $2,098,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in CGBD. International Assets Investment Management LLC raised its holdings in Carlyle Secured Lending by 1,597.0% in the 3rd quarter. International Assets Investment Management LLC now owns 307,581 shares of the company’s stock worth $52,200,000 after acquiring an additional 289,456 shares during the last quarter. Herbst Group LLC purchased a new position in Carlyle Secured Lending in the 3rd quarter worth approximately $2,071,000. Franklin Resources Inc. purchased a new position in Carlyle Secured Lending in the 3rd quarter worth approximately $585,000. Y Intercept Hong Kong Ltd purchased a new position in Carlyle Secured Lending in the 3rd quarter worth approximately $492,000. Finally, Sanctuary Advisors LLC purchased a new position in Carlyle Secured Lending in the 2nd quarter worth approximately $385,000. 24.51% of the stock is currently owned by hedge funds and other institutional investors.

Carlyle Secured Lending Trading Up 0.5 %

NASDAQ:CGBD opened at $18.46 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.99. Carlyle Secured Lending, Inc. has a 12 month low of $14.76 and a 12 month high of $18.74. The company has a market cap of $939.80 million, a PE ratio of 10.31 and a beta of 1.57. The company has a 50 day simple moving average of $17.53 and a two-hundred day simple moving average of $17.33.

Carlyle Secured Lending (NASDAQ:CGBD) last posted its earnings results on Tuesday, November 5th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. Carlyle Secured Lending had a net margin of 40.69% and a return on equity of 12.60%. The business had revenue of $55.97 million during the quarter, compared to the consensus estimate of $39.92 million. During the same quarter in the previous year, the firm posted $0.52 EPS. Research analysts forecast that Carlyle Secured Lending, Inc. will post 1.98 earnings per share for the current year.

Carlyle Secured Lending Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 9.75%. The ex-dividend date was Tuesday, December 31st. Carlyle Secured Lending’s payout ratio is 89.39%.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company cut their target price on shares of Carlyle Secured Lending from $17.00 to $16.00 and set an “equal weight” rating for the company in a research report on Thursday, November 7th.

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.