33,909 Shares in Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Bought by Redhawk Wealth Advisors Inc.

Redhawk Wealth Advisors Inc. purchased a new stake in Carlyle Secured Lending, Inc. (NASDAQ:CGBD) in the second quarter, Holdings Channel reports. The institutional investor purchased 33,909 shares of the company’s stock, valued at approximately $602,000.

A number of other hedge funds have also recently made changes to their positions in the company. Raymond James & Associates grew its stake in Carlyle Secured Lending by 80.8% in the 4th quarter. Raymond James & Associates now owns 131,643 shares of the company’s stock valued at $1,969,000 after buying an additional 58,841 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake 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 worth $1,334,000 after buying an additional 51,201 shares in the last quarter. Quadrature Capital Ltd purchased a new position in shares of Carlyle Secured Lending during the fourth quarter valued at approximately $576,000. FineMark National Bank & Trust boosted its holdings in shares of Carlyle Secured Lending by 3.1% in the fourth quarter. FineMark National Bank & Trust now owns 41,624 shares of the company’s stock worth $623,000 after buying an additional 1,243 shares during the last quarter. Finally, Truist Financial Corp boosted its position in shares of Carlyle Secured Lending by 1.3% in the fourth quarter. Truist Financial Corp now owns 140,610 shares of the company’s stock worth $2,104,000 after purchasing an additional 1,812 shares during the period. 24.51% of the stock is owned by institutional investors and hedge funds.

Carlyle Secured Lending Stock Up 1.7 %

CGBD traded up $0.27 during trading on Thursday, hitting $16.44. The company had a trading volume of 189,059 shares, compared to its average volume of 219,761. Carlyle Secured Lending, Inc. has a 1-year low of $13.31 and a 1-year high of $18.74. The business has a 50-day moving average of $17.68 and a 200-day moving average of $16.91. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.45 and a quick ratio of 1.45. The company has a market cap of $835.07 million, a PE ratio of 9.46 and a beta of 1.60.

Carlyle Secured Lending (NASDAQ:CGBD) last released its earnings results on Monday, August 5th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.01. The business had revenue of $58.26 million for the quarter, compared to the consensus estimate of $42.21 million. Carlyle Secured Lending had a net margin of 38.15% and a return on equity of 12.92%. During the same period last year, the firm posted $0.52 earnings per share. As a group, analysts forecast that Carlyle Secured Lending, Inc. will post 2.05 earnings per share for the current year.

Carlyle Secured Lending Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Monday, September 30th will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 11.44%. The ex-dividend date is Monday, September 30th. Carlyle Secured Lending’s dividend payout ratio (DPR) is currently 93.57%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. cut Carlyle Secured Lending from a “neutral” rating to an “underweight” rating and set a $17.00 price objective for the company. in a research note on Monday, July 29th. Wells Fargo & Company reduced their target price on 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.

Carlyle Secured Lending 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.