Texas Capital Bank Wealth Management Services Inc Takes $766,000 Position in Carlyle Secured Lending, Inc. $CGBD

Texas Capital Bank Wealth Management Services Inc acquired a new stake in shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 72,707 shares of the company’s stock, valued at approximately $766,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its stake in shares of Carlyle Secured Lending by 1.9% in the first quarter. Royal Bank of Canada now owns 275,612 shares of the company’s stock worth $4,460,000 after buying an additional 5,054 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Carlyle Secured Lending by 71.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,630 shares of the company’s stock valued at $36,000 after buying an additional 1,100 shares during the last quarter. Quantbot Technologies LP acquired a new position in Carlyle Secured Lending in the 2nd quarter valued at $146,000. Invesco Ltd. raised its holdings in Carlyle Secured Lending by 18.5% in the 2nd quarter. Invesco Ltd. now owns 779,586 shares of the company’s stock worth $10,665,000 after acquiring an additional 121,686 shares during the period. Finally, Jump Financial LLC bought a new position in Carlyle Secured Lending in the 2nd quarter worth $179,000. Institutional investors and hedge funds own 24.51% of the company’s stock.

Analyst Upgrades and Downgrades

CGBD has been the subject of a number of recent analyst reports. B. Riley Financial restated a “buy” rating on shares of Carlyle Secured Lending in a report on Tuesday, May 12th. Wells Fargo & Company dropped 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. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $12.50.

Carlyle Secured Lending Stock Down 0.8%

NASDAQ CGBD opened at $11.26 on Tuesday. Carlyle Secured Lending, Inc. has a twelve month low of $9.94 and a twelve month high of $14.03. The stock has a market cap of $774.74 million, a PE ratio of 22.08 and a beta of 0.62. The firm has a 50-day simple moving average of $10.66 and a 200 day simple moving average of $11.09. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.79 and a current ratio of 0.79.

Carlyle Secured Lending (NASDAQ:CGBD) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.03. The firm had revenue of $62.09 million for the quarter, compared to analyst estimates of $59.43 million. Carlyle Secured Lending had a return on equity of 8.85% and a net margin of 14.26%. On average, research analysts forecast that Carlyle Secured Lending, Inc. will post 1.39 EPS for the current year.

Carlyle Secured Lending Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.35 per share. The ex-dividend date is Wednesday, September 30th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 12.4%. Carlyle Secured Lending’s payout ratio 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.