Muzinich & Co. Inc. Has $3.63 Million Holdings in Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

Muzinich & Co. Inc. lessened its holdings in Carlyle Secured Lending, Inc. (NASDAQ:CGBD) by 6.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 202,472 shares of the company’s stock after selling 14,283 shares during the period. Carlyle Secured Lending accounts for approximately 2.3% of Muzinich & Co. Inc.’s holdings, making the stock its 12th largest position. Muzinich & Co. Inc.’s holdings in Carlyle Secured Lending were worth $3,630,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Jane Street Group LLC grew its stake 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 purchasing an additional 3,249 shares during the period. Y Intercept Hong Kong Ltd bought a new position in shares of Carlyle Secured Lending in the third quarter valued at approximately $492,000. Hager Investment Management Services LLC bought a new stake in Carlyle Secured Lending during the fourth quarter worth $4,093,000. Private Advisor Group LLC purchased a new position in Carlyle Secured Lending in the third quarter worth $235,000. Finally, Franklin Resources Inc. bought a new position in Carlyle Secured Lending in the 3rd quarter valued at $585,000. 24.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on CGBD. JPMorgan Chase & Co. boosted their price target 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. Wells Fargo & Company raised their price target on shares of Carlyle Secured Lending from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 29th. Finally, Bank of America cut Carlyle Secured Lending from a “buy” rating to an “underperform” rating and set a $17.00 price target on the stock. in a research report on Monday, February 10th.

Carlyle Secured Lending Stock Performance

NASDAQ:CGBD opened at $17.86 on Thursday. 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, Inc. has a twelve month low of $15.01 and a twelve month high of $18.74. The stock has a market cap of $909.18 million, a P/E ratio of 9.98 and a beta of 1.57. The business’s 50-day moving average price is $18.06 and its two-hundred day moving average price is $17.41.

Carlyle Secured Lending Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 24th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 8.96%. The ex-dividend date of this dividend is Monday, March 24th. 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.