Short Interest in Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Increases By 83.9%

by · The Cerbat Gem

Carlyle Secured Lending, Inc. (NASDAQ:CGBD – Get Free Report) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 1,122,996 shares, an increase of 83.9% from the December 15th total of 610,807 shares. Based on an average daily volume of 572,707 shares, the short-interest ratio is presently 2.0 days. Currently, 2.2% of the shares of the company are sold short. Currently, 2.2% of the shares of the company are sold short. Based on an average daily volume of 572,707 shares, the short-interest ratio is presently 2.0 days.

Insider Activity at Carlyle Secured Lending

In related news, Director John G. Nestor sold 7,085 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $11.87, for a total value of $84,098.95. Following the completion of the transaction, the director directly owned 7,508 shares of the company’s stock, valued at approximately $89,119.96. This trade represents a 48.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.61% of the company’s stock.

Hedge Funds Weigh In On Carlyle Secured Lending

Large investors have recently added to or reduced their stakes in the business. TrueMark Investments LLC boosted its position in Carlyle Secured Lending by 517.5% during the fourth quarter. TrueMark Investments LLC now owns 111,844 shares of the company’s stock valued at $1,397,000 after buying an additional 93,731 shares during the period. Hennion & Walsh Asset Management Inc. boosted its holdings in Carlyle Secured Lending by 5.4% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 176,354 shares of the company’s stock valued at $2,203,000 after acquiring an additional 9,042 shares during the period. SG Americas Securities LLC bought a new position in Carlyle Secured Lending during the 4th quarter worth approximately $112,000. Wealth Enhancement Advisory Services LLC increased its stake in Carlyle Secured Lending by 137.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 28,755 shares of the company’s stock worth $364,000 after purchasing an additional 16,644 shares during the period. Finally, Avior Wealth Management LLC lifted its position in Carlyle Secured Lending by 70.4% in the fourth quarter. Avior Wealth Management LLC now owns 17,536 shares of the company’s stock valued at $219,000 after purchasing an additional 7,243 shares during the last quarter. Hedge funds and other institutional investors own 24.51% of the company’s stock.

Analyst Ratings Changes

CGBD has been the topic of a number of recent research reports. Citigroup assumed coverage on Carlyle Secured Lending in a report on Monday, December 8th. They set a “market perform” rating on the stock. JPMorgan Chase & Co. cut their price objective on shares of Carlyle Secured Lending from $12.50 to $12.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Citizens Jmp began coverage on shares of Carlyle Secured Lending in a report on Monday, December 8th. They set a “market perform” rating on the stock. B. Riley cut their price target on shares of Carlyle Secured Lending from $14.50 to $13.00 and set a “neutral” rating for the company in a report on Tuesday, November 11th. Finally, Zacks Research upgraded Carlyle Secured Lending from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 9th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $14.33.

Get Our Latest Research Report on Carlyle Secured Lending

Carlyle Secured Lending Stock Up 2.2%

Shares of NASDAQ:CGBD opened at $12.81 on Thursday. The firm has a market capitalization of $652.76 million, a PE ratio of 10.86 and a beta of 0.69. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.90 and a current ratio of 0.90. Carlyle Secured Lending has a 52-week low of $11.55 and a 52-week high of $18.64. The firm has a fifty day moving average of $12.50 and a 200 day moving average of $13.06.

Carlyle Secured Lending (NASDAQ:CGBD – Get Free Report) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). The firm had revenue of $66.51 million during the quarter, compared to analysts’ expectations of $69.61 million. Carlyle Secured Lending had a return on equity of 9.24% and a net margin of 30.18%. As a group, research analysts anticipate that Carlyle Secured Lending will post 1.97 EPS for the current fiscal year.

Carlyle Secured Lending Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Wednesday, December 31st will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $1.60 annualized dividend and a dividend yield of 12.5%. Carlyle Secured Lending’s dividend payout ratio (DPR) is 135.59%.

About Carlyle Secured Lending

(Get Free Report)

Carlyle Secured Lending, Inc (NASDAQ: CGBD) is a closed-end, non-diversified business development company that provides customized debt financing solutions to middle-market companies. Chartered under the Investment Company Act of 1940, the company invests primarily in floating-rate senior secured loans, including first-lien, unitranche and one-stop structures. Its objective is to generate current income and capital appreciation through disciplined credit selection and active portfolio management.

The firm focuses on U.S.

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