Legal & General Group Plc Acquires New Shares in Carlyle Secured Lending, Inc. $CGBD

Legal & General Group Plc acquired a new position in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 577,568 shares of the company’s stock, valued at approximately $6,090,000.

A number of other institutional investors also recently bought and sold shares of CGBD. Allworth Financial LP acquired a new stake in Carlyle Secured Lending in the second quarter valued at $27,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Carlyle Secured Lending by 71.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,630 shares of the company’s stock worth $36,000 after buying an additional 1,100 shares during the last quarter. Burk Holdings LLC purchased a new stake in shares of Carlyle Secured Lending in the 2nd quarter worth about $37,000. Kestra Advisory Services LLC purchased a new stake in shares of Carlyle Secured Lending in the 4th quarter worth about $47,000. Finally, Tower Research Capital LLC TRC grew its stake in Carlyle Secured Lending by 1,011.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,313 shares of the company’s stock valued at $59,000 after acquiring an additional 3,925 shares during the last quarter. 24.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CGBD has been the subject of a number of research reports. Wells Fargo & Company cut their target price on shares of Carlyle Secured Lending from $13.00 to $12.00 and set an “overweight” rating for the company in a research report on Wednesday, May 13th. B. Riley Financial reiterated a “buy” rating on shares of Carlyle Secured Lending in a research report on Tuesday, May 12th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.50.

Carlyle Secured Lending Stock Performance

NASDAQ CGBD opened at $11.56 on Thursday. Carlyle Secured Lending, Inc. has a fifty-two week low of $9.94 and a fifty-two week high of $13.94. The stock has a market cap of $795.44 million, a price-to-earnings ratio of 22.67 and a beta of 0.64. The business has a fifty day moving average of $10.81 and a 200-day moving average of $11.04. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.20.

Carlyle Secured Lending Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Wednesday, September 30th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 12.1%. The ex-dividend date is Wednesday, September 30th. Carlyle Secured Lending’s dividend payout ratio (DPR) is currently 274.51%.

Carlyle Secured Lending 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.