Sumitomo Mitsui Trust Group Inc. Raises Holdings in Carlyle Secured Lending, Inc. $CGBD

Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) by 58.4% during the third quarter, HoldingsChannel reports. The firm owned 418,493 shares of the company’s stock after buying an additional 154,355 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Carlyle Secured Lending were worth $5,231,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. State of Alaska Department of Revenue bought a new position in Carlyle Secured Lending in the third quarter valued at about $37,000. HB Wealth Management LLC increased its position in shares of Carlyle Secured Lending by 18.2% during the 3rd quarter. HB Wealth Management LLC now owns 13,940 shares of the company’s stock valued at $174,000 after purchasing an additional 2,150 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its position in shares of Carlyle Secured Lending by 43.8% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 167,312 shares of the company’s stock valued at $2,091,000 after purchasing an additional 50,970 shares during the last quarter. Global Retirement Partners LLC lifted its stake in shares of Carlyle Secured Lending by 9.2% in the 3rd quarter. Global Retirement Partners LLC now owns 88,908 shares of the company’s stock worth $1,111,000 after purchasing an additional 7,455 shares during the period. Finally, Security National Bank purchased a new position in shares of Carlyle Secured Lending in the third quarter worth approximately $64,000. Institutional investors own 24.51% of the company’s stock.

Carlyle Secured Lending Price Performance

NASDAQ:CGBD opened at $12.86 on Friday. The firm has a market capitalization of $655.31 million, a price-to-earnings ratio of 10.90 and a beta of 0.69. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.90 and a quick ratio of 0.90. The business has a 50 day simple moving average of $12.54 and a 200-day simple moving average of $13.05. Carlyle Secured Lending, Inc. has a 1 year low of $11.55 and a 1 year high of $18.64.

Carlyle Secured Lending (NASDAQ:CGBD) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.01). Carlyle Secured Lending had a net margin of 30.18% and a return on equity of 9.24%. The firm had revenue of $66.51 million for the quarter, compared to the consensus estimate of $69.61 million. Equities analysts forecast that Carlyle Secured Lending, Inc. will post 1.97 EPS for the current year.

Carlyle Secured Lending Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Wednesday, December 31st were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 12.4%. The ex-dividend date of this dividend was Wednesday, December 31st. Carlyle Secured Lending’s dividend payout ratio is 135.59%.

Insider Buying and Selling at Carlyle Secured Lending

In other news, Director John G. Nestor sold 7,085 shares of the business’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $11.87, for a total transaction of $84,098.95. Following the completion of the sale, the director directly owned 7,508 shares of the company’s stock, valued at approximately $89,119.96. The trade was a 48.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. JPMorgan Chase & Co. reduced their target price on shares of Carlyle Secured Lending from $12.50 to $12.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. Wall Street Zen upgraded Carlyle Secured Lending from a “sell” rating to a “hold” rating in a research report on Saturday, January 3rd. Zacks Research raised Carlyle Secured Lending from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 9th. Citigroup began coverage on shares of Carlyle Secured Lending in a report on Monday, December 8th. They issued a “market perform” rating for the company. Finally, Wells Fargo & Company dropped their price target on shares of Carlyle Secured Lending from $15.00 to $14.00 and set an “overweight” rating for the company in a research report on Thursday, November 6th. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $14.33.

Carlyle Secured Lending Company Profile

Carlyle Secured Lending, Inc (NASDAQ: CGBD) is a closed-end, non-diversified business development company that provides customized debt financing solutions to middle-market companies. Chartered under the Investment Company Act of 1940, the company invests primarily in floating-rate senior secured loans, including first-lien, unitranche and one-stop structures. Its objective is to generate current income and capital appreciation through disciplined credit selection and active portfolio management.

The firm focuses on U.S.