Clarus Group Inc. Has $382,000 Stake in Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

Clarus Group Inc. lowered its holdings in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) by 27.7% during the fourth quarter, HoldingsChannel reports. The firm owned 21,291 shares of the company’s stock after selling 8,173 shares during the quarter. Clarus Group Inc.’s holdings in Carlyle Secured Lending were worth $382,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC increased its holdings in Carlyle Secured Lending by 1,597.0% during the 3rd quarter. International Assets Investment Management LLC now owns 307,581 shares of the company’s stock worth $52,200,000 after purchasing an additional 289,456 shares in the last quarter. Hager Investment Management Services LLC acquired a new position in shares of Carlyle Secured Lending during the fourth quarter worth about $4,093,000. GFS Advisors LLC bought a new position in shares of Carlyle Secured Lending during the fourth quarter worth about $891,000. Franklin Resources Inc. acquired a new stake in Carlyle Secured Lending in the 3rd quarter valued at approximately $585,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Carlyle Secured Lending in the 3rd quarter valued at approximately $492,000. Institutional investors own 24.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CGBD shares. Bank of America downgraded Carlyle Secured Lending from a “buy” rating to an “underperform” rating and set a $17.00 price target for the company. in a research report on Monday. Wells Fargo & Company increased their target price 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. Finally, JPMorgan Chase & Co. lifted their price target on shares of Carlyle Secured Lending from $16.00 to $17.00 and gave the company an “underweight” rating in a research note on Monday, February 3rd.

Carlyle Secured Lending Stock Down 4.0 %

CGBD stock opened at $17.66 on Tuesday. The company has a market cap of $899.00 million, a price-to-earnings ratio of 9.87 and a beta of 1.57. Carlyle Secured Lending, Inc. has a twelve month low of $14.78 and a twelve month high of $18.74. The business has a 50 day moving average price of $18.04 and a two-hundred day moving average price of $17.35. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.99.

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.