Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Short Interest Up 37.4% in November

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) was the target of a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 325,600 shares, a growth of 37.4% from the November 15th total of 237,000 shares. Based on an average trading volume of 174,200 shares, the days-to-cover ratio is presently 1.9 days. Approximately 0.7% of the shares of the stock are sold short.

Hedge Funds Weigh In On Carlyle Secured Lending

A number of institutional investors and hedge funds have recently bought and sold shares of CGBD. Cetera Advisors LLC bought a new stake in shares of Carlyle Secured Lending during the first quarter worth about $379,000. Wealth Enhancement Advisory Services LLC acquired a new position in Carlyle Secured Lending in the 2nd quarter valued at approximately $312,000. Great Valley Advisor Group Inc. raised its stake in shares of Carlyle Secured Lending by 5.1% during the second quarter. Great Valley Advisor Group Inc. now owns 11,665 shares of the company’s stock valued at $207,000 after acquiring an additional 565 shares during the last quarter. Raymond James & Associates lifted its holdings in shares of Carlyle Secured Lending by 3.6% during the second quarter. Raymond James & Associates now owns 126,916 shares of the company’s stock worth $2,251,000 after purchasing an additional 4,459 shares during the period. Finally, Hennion & Walsh Asset Management Inc. grew its stake in shares of Carlyle Secured Lending by 44.4% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 118,341 shares of the company’s stock worth $2,099,000 after purchasing an additional 36,412 shares during the last quarter. Institutional investors and hedge funds own 24.51% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company reduced their target price on Carlyle Secured Lending from $17.00 to $16.00 and set an “equal weight” rating on the stock in a report on Thursday, November 7th.

Carlyle Secured Lending Price Performance

Shares of CGBD stock traded up $0.18 on Friday, reaching $17.84. The company had a trading volume of 239,421 shares, compared to its average volume of 205,753. The business’s 50-day moving average is $17.11 and its 200 day moving average is $17.31. Carlyle Secured Lending has a one year low of $14.76 and a one year high of $18.74. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $908.23 million, a PE ratio of 9.97 and a beta of 1.59.

Carlyle Secured Lending (NASDAQ:CGBD) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.48 by $0.01. The business had revenue of $55.97 million during the quarter, compared to the consensus estimate of $39.92 million. Carlyle Secured Lending had a net margin of 40.69% and a return on equity of 12.60%. During the same quarter in the prior year, the firm earned $0.52 EPS. Equities research analysts forecast that Carlyle Secured Lending will post 1.98 EPS for the current fiscal year.

Carlyle Secured Lending Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 10.09%. The ex-dividend date of this dividend is Tuesday, December 31st. Carlyle Secured Lending’s dividend payout ratio (DPR) is 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.