Y Intercept Hong Kong Ltd Purchases Shares of 151,465 Carlyle Secured Lending, Inc. $CGBD

Y Intercept Hong Kong Ltd purchased a new position in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) during the 1st quarter, Holdings Channel.com reports. The fund purchased 151,465 shares of the company’s stock, valued at approximately $1,657,000.

Other hedge funds have also recently made changes to their positions in the company. Transcend Capital Advisors LLC boosted its stake in shares of Carlyle Secured Lending by 2.8% in the 4th quarter. Transcend Capital Advisors LLC now owns 29,451 shares of the company’s stock valued at $368,000 after purchasing an additional 805 shares in the last quarter. Mackenzie Financial Corp raised its position in Carlyle Secured Lending by 3.2% in the 4th quarter. Mackenzie Financial Corp now owns 27,466 shares of the company’s stock worth $348,000 after purchasing an additional 857 shares during the period. Advisory Research Inc. lifted its stake 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 last quarter. Northwestern Mutual Wealth Management Co. lifted its stake 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 last quarter. Finally, Sunbelt Securities Inc. lifted its stake 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 last quarter. 24.51% of the stock is currently owned by institutional investors.

Carlyle Secured Lending Trading Down 0.2%

Shares of CGBD opened at $10.38 on Friday. The stock has a market capitalization of $721.41 million, a P/E ratio of 14.62 and a beta of 0.62. Carlyle Secured Lending, Inc. has a twelve month low of $10.27 and a twelve month high of $14.49. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 1.24. The firm has a fifty day simple moving average of $10.94 and a two-hundred day simple moving average of $11.49.

Carlyle Secured Lending (NASDAQ:CGBD) last issued its quarterly earnings data on Monday, May 11th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.35 by $0.01. The firm had revenue of $64.08 million during the quarter, compared to the consensus estimate of $65.78 million. Carlyle Secured Lending had a net margin of 19.52% and a return on equity of 8.99%. On average, research analysts anticipate that Carlyle Secured Lending, Inc. will post 1.35 EPS for the current year.

Carlyle Secured Lending Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 16th. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.40 dividend on an annualized basis and a yield of 13.5%. Carlyle Secured Lending’s dividend payout ratio is presently 197.18%.

Analyst Ratings Changes

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

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.