Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Stake Increased by Bright Futures Wealth Management LLC.

Bright Futures Wealth Management LLC. lifted its holdings in Carlyle Secured Lending, Inc. (NASDAQ:CGBD) by 4.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,079 shares of the company’s stock after buying an additional 2,473 shares during the period. Bright Futures Wealth Management LLC. owned about 0.11% of Carlyle Secured Lending worth $948,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of CGBD. nVerses Capital LLC acquired a new position in Carlyle Secured Lending in the 2nd quarter valued at approximately $53,000. Cape Investment Advisory Inc. acquired a new position in shares of Carlyle Secured Lending in the fourth quarter worth $76,000. Tucker Asset Management LLC purchased a new stake in shares of Carlyle Secured Lending during the fourth quarter worth $80,000. Kingsview Wealth Management LLC acquired a new stake in Carlyle Secured Lending during the first quarter valued at $171,000. Finally, Virtu Financial LLC purchased a new position in Carlyle Secured Lending in the fourth quarter valued at about $203,000. Hedge funds and other institutional investors own 24.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CGBD. JPMorgan Chase & Co. downgraded Carlyle Secured Lending from a “neutral” rating to an “underweight” rating and set a $17.00 price target for the company. in a research note on Monday, July 29th. Wells Fargo & Company cut 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 research report on Tuesday, August 6th.

Carlyle Secured Lending Trading Up 0.2 %

Carlyle Secured Lending stock opened at $16.70 on Tuesday. The company’s fifty day moving average price is $17.27 and its two-hundred day moving average price is $17.13. 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 one year low of $13.31 and a one year high of $18.74. The company has a market capitalization of $848.19 million, a price-to-earnings ratio of 9.77 and a beta of 1.59.

Carlyle Secured Lending (NASDAQ:CGBD) last announced its earnings results on Monday, August 5th. The company reported $0.51 EPS for the quarter, topping 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 the consensus estimate of $42.21 million. During the same quarter last year, the firm posted $0.52 EPS. On average, analysts forecast that Carlyle Secured Lending, Inc. will post 1.96 earnings per share for the current fiscal year.

Carlyle Secured Lending Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Monday, September 30th will be paid 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 11.26%. Carlyle Secured Lending’s dividend payout ratio is currently 93.57%.

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.