JPMorgan Chase & Co. Sells 53,100 Shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

JPMorgan Chase & Co. decreased its holdings in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) by 71.2% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 21,500 shares of the company’s stock after selling 53,100 shares during the period. JPMorgan Chase & Co.’s holdings in Carlyle Secured Lending were worth $365,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Franklin Resources Inc. bought a new stake in shares of Carlyle Secured Lending in the 3rd quarter valued at $585,000. Y Intercept Hong Kong Ltd bought a new position in Carlyle Secured Lending in the third quarter valued at approximately $492,000. Jane Street Group LLC increased its holdings in Carlyle Secured Lending by 30.9% during the third quarter. Jane Street Group LLC now owns 13,775 shares of the company’s stock worth $234,000 after buying an additional 3,249 shares during the last quarter. Stifel Financial Corp grew its holdings in Carlyle Secured Lending by 3.6% during the third quarter. Stifel Financial Corp now owns 30,274 shares of the company’s stock worth $514,000 after purchasing an additional 1,039 shares during the period. Finally, Rockefeller Capital Management L.P. raised its stake in Carlyle Secured Lending by 5.0% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 31,058 shares of the company’s stock valued at $527,000 after acquiring an additional 1,490 shares during the period. Institutional investors and hedge funds own 24.51% of the company’s stock.

Analysts Set New Price Targets

Separately, Wells Fargo & Company lifted their price target on Carlyle Secured Lending from $16.00 to $17.00 and gave the stock an “equal weight” rating in a report on Wednesday.

Carlyle Secured Lending Stock Performance

Shares of Carlyle Secured Lending stock opened at $18.30 on Thursday. The firm has a market capitalization of $931.58 million, a P/E ratio of 10.22 and a beta of 1.57. Carlyle Secured Lending, Inc. has a fifty-two week low of $14.76 and a fifty-two week 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’s 50 day moving average price is $17.85 and its two-hundred day moving average price is $17.34.

Carlyle Secured Lending (NASDAQ:CGBD) last issued its quarterly 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 company had revenue of $55.97 million for the quarter, compared to analyst estimates of $39.92 million. During the same quarter in the previous year, the business earned $0.52 earnings per share. On average, 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 9.84%. The ex-dividend date was Tuesday, December 31st. Carlyle Secured Lending’s dividend payout ratio (DPR) is presently 89.39%.

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.