Carlyle Secured Lending, Inc. $CGBD Shares Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC lifted its stake in Carlyle Secured Lending, Inc. (NASDAQ:CGBD) by 451.7% during the third quarter, HoldingsChannel reports. The firm owned 100,000 shares of the company’s stock after purchasing an additional 81,875 shares during the period. International Assets Investment Management LLC’s holdings in Carlyle Secured Lending were worth $1,069,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in CGBD. Allworth Financial LP purchased a new position in Carlyle Secured Lending in the 2nd quarter worth about $27,000. Burk Holdings LLC bought a new stake in Carlyle Secured Lending during the 2nd quarter valued at about $37,000. Beaumont Financial Advisors LLC purchased a new stake in Carlyle Secured Lending in the 1st quarter valued at about $110,000. SCS Capital Management LLC purchased a new stake in Carlyle Secured Lending in the 2nd quarter valued at about $123,000. Finally, CFO4Life Group LLC purchased a new stake in Carlyle Secured Lending in the 2nd quarter valued at about $129,000. Hedge funds and other institutional investors own 24.51% of the company’s stock.

Carlyle Secured Lending Price Performance

Shares of CGBD stock opened at $11.04 on Thursday. Carlyle Secured Lending, Inc. has a twelve month low of $9.94 and a twelve month high of $13.28. The stock has a market capitalization of $759.66 million, a price-to-earnings ratio of 21.65 and a beta of 0.66. The stock has a fifty day simple moving average of $10.97 and a two-hundred day simple moving average of $11.13. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.20.

Wall Street Analyst Weigh In

A number of brokerages have commented on CGBD. Zacks Research upgraded shares of Carlyle Secured Lending from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 12th. Raymond James Financial set a $11.00 price target on shares of Carlyle Secured Lending in a research note on Thursday, October 22nd. Finally, Wells Fargo & Company lowered Carlyle Secured Lending from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $12.00 to $11.00 in a report on Tuesday, September 29th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $11.25.

Carlyle Secured Lending Company Profile

Carlyle Secured Lending, Inc (NASDAQ:CGBD) is a business development company that invests in privately held, middle-market companies. Its primary objective is to generate current income and, to a lesser extent, capital appreciation by providing financing to businesses that may have limited access to traditional sources of capital.

The company primarily invests in first-lien senior secured loans, while also pursuing opportunities in second-lien loans, subordinated debt and equity investments.