HighTower Advisors LLC Sells 14,628 Shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

HighTower Advisors LLC lessened its stake in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) by 16.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 73,692 shares of the company’s stock after selling 14,628 shares during the quarter. HighTower Advisors LLC’s holdings in Carlyle Secured Lending were worth $1,249,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Rockefeller Capital Management L.P. raised its stake in Carlyle Secured Lending by 5.0% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 31,058 shares of the company’s stock worth $527,000 after acquiring an additional 1,490 shares during the period. Fisher Asset Management LLC purchased a new position in shares of Carlyle Secured Lending in the third quarter valued at $378,000. Great Valley Advisor Group Inc. grew its holdings in shares of Carlyle Secured Lending by 12.9% in the third quarter. Great Valley Advisor Group Inc. now owns 13,165 shares of the company’s stock valued at $223,000 after purchasing an additional 1,500 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in Carlyle Secured Lending by 7.0% during the third quarter. Advisors Asset Management Inc. now owns 265,982 shares of the company’s stock worth $4,514,000 after buying an additional 17,434 shares during the period. Finally, BluePointe Capital Management LLC boosted its stake in Carlyle Secured Lending by 4.8% during the third quarter. BluePointe Capital Management LLC now owns 58,273 shares of the company’s stock worth $1,020,000 after buying an additional 2,691 shares during the period. Hedge funds and other institutional investors own 24.51% of the company’s stock.

Carlyle Secured Lending Price Performance

Shares of CGBD stock opened at $17.87 on Tuesday. Carlyle Secured Lending, Inc. has a fifty-two week low of $14.76 and a fifty-two week high of $18.74. The firm has a market capitalization of $909.76 million, a price-to-earnings ratio of 9.98 and a beta of 1.59. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.11 and a current ratio of 1.11. The stock’s 50-day simple moving average is $17.13 and its 200-day simple moving average is $17.30.

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

Carlyle Secured Lending Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be given a $0.45 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.80 annualized dividend and a yield of 10.07%. Carlyle Secured Lending’s dividend payout ratio is presently 89.39%.

Analyst Ratings Changes

Separately, Wells Fargo & Company decreased their target price on 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.