TrueMark Investments LLC Has $360,000 Stake in Carlyle Secured Lending, Inc. $CGBD

TrueMark Investments LLC decreased its holdings in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) by 70.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,883 shares of the company’s stock after selling 78,961 shares during the period. TrueMark Investments LLC’s holdings in Carlyle Secured Lending were worth $360,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Transcend Capital Advisors LLC lifted its position in shares of Carlyle Secured Lending by 2.8% during the 4th quarter. Transcend Capital Advisors LLC now owns 29,451 shares of the company’s stock valued at $368,000 after acquiring an additional 805 shares during the period. Mackenzie Financial Corp boosted its stake in Carlyle Secured Lending by 3.2% during the fourth quarter. Mackenzie Financial Corp now owns 27,466 shares of the company’s stock worth $348,000 after acquiring an additional 857 shares in the last quarter. Advisory Research Inc. grew its holdings in Carlyle Secured Lending by 9.2% in the third quarter. Advisory Research Inc. now owns 11,340 shares of the company’s stock worth $142,000 after purchasing an additional 953 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in Carlyle Secured Lending by 71.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,630 shares of the company’s stock worth $36,000 after purchasing an additional 1,100 shares during the period. Finally, Sunbelt Securities Inc. grew its holdings in Carlyle Secured Lending by 3.3% in the fourth quarter. Sunbelt Securities Inc. now owns 34,182 shares of the company’s stock worth $427,000 after purchasing an additional 1,100 shares during the period. Institutional investors own 24.51% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CGBD shares. JPMorgan Chase & Co. dropped their price objective on shares of Carlyle Secured Lending from $12.00 to $10.00 and set a “neutral” rating on the stock in a report on Friday, March 13th. B. Riley Financial restated a “buy” rating on shares of Carlyle Secured Lending in a research note on Tuesday, May 12th. Finally, Wells Fargo & Company reduced their target price on Carlyle Secured Lending from $13.00 to $12.00 and set an “overweight” rating for the company in a research note on Wednesday, May 13th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $12.50.

Carlyle Secured Lending Stock Performance

NASDAQ CGBD opened at $10.55 on Thursday. The company has a fifty day simple moving average of $11.16 and a 200 day simple moving average of $11.66. Carlyle Secured Lending, Inc. has a 12-month low of $10.48 and a 12-month high of $14.49. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 1.24. The company has a market cap of $733.23 million, a P/E ratio of 14.86 and a beta of 0.62.

Carlyle Secured Lending (NASDAQ:CGBD) last released its quarterly earnings data on Monday, May 11th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.01. Carlyle Secured Lending had a net margin of 19.52% and a return on equity of 8.99%. The firm had revenue of $64.08 million for the quarter, compared to the consensus estimate of $65.78 million. Sell-side analysts predict that Carlyle Secured Lending, Inc. will post 1.36 earnings per share for the current fiscal year.

Carlyle Secured Lending Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 16th. Investors of record on Tuesday, June 30th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 13.3%. The ex-dividend date is Tuesday, June 30th. Carlyle Secured Lending’s dividend payout ratio is currently 225.35%.

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.