Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. reduced its position in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) by 9.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 239,970 shares of the company’s stock after selling 26,012 shares during the quarter. Advisors Asset Management Inc.’s holdings in Carlyle Secured Lending were worth $4,303,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of CGBD. Great Valley Advisor Group Inc. boosted its stake in shares of Carlyle Secured Lending by 12.9% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 13,165 shares of the company’s stock worth $223,000 after purchasing an additional 1,500 shares during the last quarter. Fisher Asset Management LLC purchased a new position in Carlyle Secured Lending in the third quarter valued at approximately $378,000. Rockefeller Capital Management L.P. raised its holdings in Carlyle Secured Lending by 5.0% in the third quarter. Rockefeller Capital Management L.P. now owns 31,058 shares of the company’s stock valued at $527,000 after buying an additional 1,490 shares during the period. Stifel Financial Corp raised its holdings in Carlyle Secured Lending by 3.6% in the third quarter. Stifel Financial Corp now owns 30,274 shares of the company’s stock valued at $514,000 after buying an additional 1,039 shares during the period. Finally, Jane Street Group LLC raised its holdings in Carlyle Secured Lending by 30.9% in the third quarter. Jane Street Group LLC now owns 13,775 shares of the company’s stock valued at $234,000 after buying an additional 3,249 shares during the period. 24.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CGBD has been the topic of a number of analyst reports. Bank of America lowered shares of Carlyle Secured Lending from a “buy” rating to an “underperform” rating and set a $17.00 price objective on the stock. in a research note on Monday, February 10th. JPMorgan Chase & Co. lifted their price objective on shares of Carlyle Secured Lending from $16.00 to $17.00 and gave the stock an “underweight” rating in a report on Monday, February 3rd. Finally, Wells Fargo & Company lifted their price objective on shares of Carlyle Secured Lending from $16.00 to $17.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 29th.

Carlyle Secured Lending Stock Performance

Shares of CGBD opened at $17.20 on Friday. Carlyle Secured Lending, Inc. has a 1 year low of $15.01 and a 1 year high of $18.74. The company has a market cap of $876.46 million, a price-to-earnings ratio of 9.61 and a beta of 1.57. 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 firm has a fifty day moving average of $17.77 and a 200-day moving average of $17.46.

Carlyle Secured Lending Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 24th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 9.30%. The ex-dividend date is Monday, March 24th. Carlyle Secured Lending’s dividend payout ratio (DPR) is 98.77%.

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.