Redhawk Wealth Advisors Inc. Buys 3,355 Shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

Redhawk Wealth Advisors Inc. boosted its position in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) by 9.9% in the third quarter, Holdings Channel reports. The firm owned 37,264 shares of the company’s stock after purchasing an additional 3,355 shares during the period. Redhawk Wealth Advisors Inc.’s holdings in Carlyle Secured Lending were worth $632,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Virtu Financial LLC bought a new position in Carlyle Secured Lending during the 4th quarter worth about $203,000. Quadrature Capital Ltd acquired a new position in shares of Carlyle Secured Lending during the 4th quarter worth approximately $576,000. Hennion & Walsh Asset Management Inc. raised its position in shares of Carlyle Secured Lending by 166.6% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 81,929 shares of the company’s stock valued at $1,334,000 after purchasing an additional 51,201 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its position in Carlyle Secured Lending by 2.6% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 258,774 shares of the company’s stock worth $4,213,000 after acquiring an additional 6,527 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of Carlyle Secured Lending by 15.7% during the first quarter. Janney Montgomery Scott LLC now owns 51,117 shares of the company’s stock worth $832,000 after purchasing an additional 6,947 shares during the period. Institutional investors and hedge funds own 24.51% of the company’s stock.

Carlyle Secured Lending Price Performance

Shares of NASDAQ CGBD opened at $17.25 on Tuesday. Carlyle Secured Lending, Inc. has a 1 year low of $13.31 and a 1 year high of $18.74. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.85 and a quick ratio of 1.85. The firm has a market cap of $876.21 million, a PE ratio of 10.09 and a beta of 1.59. The company has a 50 day simple moving average of $16.91 and a 200 day simple moving average of $17.30.

Carlyle Secured Lending (NASDAQ:CGBD) last released its quarterly earnings results on Monday, August 5th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. Carlyle Secured Lending had a return on equity of 12.74% and a net margin of 44.19%. The firm had revenue of $58.26 million for the quarter, compared to analyst estimates of $42.21 million. During the same quarter in the previous year, the company posted $0.52 EPS. On average, research analysts forecast that Carlyle Secured Lending, Inc. will post 1.96 EPS for the current year.

Carlyle Secured Lending Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Monday, September 30th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 10.90%. The ex-dividend date is Monday, September 30th. Carlyle Secured Lending’s dividend payout ratio (DPR) is presently 93.57%.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Wells Fargo & Company dropped their price objective on shares of Carlyle Secured Lending from $17.00 to $16.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 6th. JPMorgan Chase & Co. lowered Carlyle Secured Lending from a “neutral” rating to an “underweight” rating and set a $17.00 price objective on the stock. in a research note on Monday, July 29th.

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.