Carlyle Secured Lending, Inc. (NASDAQ:CGBD) Short Interest Up 25.9% in August

Carlyle Secured Lending, Inc. (NASDAQ:CGBD – Get Rating) benefited from a significant increase in short-term interest in August. As of August 31, there was short interest totaling 386,700 shares, an increase of 25.9% from the total of 307,200 shares as of August 15. Based on an average daily volume of 243,300 shares, the day-to-cover ratio is currently 1.6 days. Approximately 0.8% of the company’s shares are sold short.

A Wall Street analyst gives his opinion

Several equity analysts have recently released reports on CGBD shares. Wells Fargo & Company raised its price target on Carlyle Secured Lending from $13.00 to $13.50 and gave the stock an “equal weight” rating in a Thursday, August 11 research report. JPMorgan Chase & Co. downgraded Carlyle Secured Lending from an “overweight” rating to a “neutral” rating and set a target price of $14.50 for the company. in a research report on Tuesday, September 6.

Insider buying and selling

Separately, Chief Financial Officer Thomas M. Hennigan acquired 2,975 shares in a transaction that took place on Wednesday, August 17. The shares were purchased at an average cost of $14.30 per share, for a total transaction of $42,542.50. Following completion of the transaction, the CFO now directly owns 65,255 shares of the company, valued at $933,146.50. The purchase was disclosed in a legal filing with the SEC, which is available on the SEC’s website. Company insiders own 0.56% of the company’s shares.

Institutional investors weigh in on Carlyle secured loans

Institutional investors have recently been buying and selling shares of the company. Allworth Financial LP purchased a new stake in Carlyle Secured Lending in Q2 worth approximately $32,000. Point72 Hong Kong Ltd purchased a new equity stake in Carlyle Secured Lending during Q2 for a value of approximately $32,000. Lazard Asset Management LLC purchased a new equity stake in Carlyle Secured Lending during Q2 for a value of approximately $38,000. Y Intercept Hong Kong Ltd purchased a new equity stake in Carlyle Secured Lending during Q2 for a value of approximately $157,000. Finally, Quantbot Technologies LP purchased a new equity stake in Carlyle Secured Lending during Q2 for a value of approximately $173,000. Institutional investors hold 22.34% of the company’s shares.

Carlyle Secured Loan Price Performance

Shares of CGBD opened at $13.85 on Friday. The company has a debt ratio of 1.23, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a 50-day simple moving average of $13.81 and a 200-day simple moving average of $13.97. Carlyle Secured Lending has a 52-week low of $12.14 and a 52-week high of $14.96. The company has a market capitalization of $718.12 million, a PE ratio of 6.99 and a beta of 1.62.

Carlyle Secured Lending (NASDAQ:CGBD – Get Rating) last reported results on Tuesday, August 9. The company reported EPS of $0.40 for the quarter, beating the consensus estimate of $0.38 by $0.02. The company posted revenue of $35.99 million for the quarter, compared to $33.90 million expected by analysts. Carlyle Secured Lending had a return on equity of 10.40% and a net margin of 65.03%. Sell-side analysts expect Carlyle Secured Lending to post an EPS of 1.71 for the current fiscal year.

Carlyle secured loans increase dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 14. Shareholders of record on Friday, September 30 will receive a dividend of $0.40. This is a boost from Carlyle Secured Lending’s previous quarterly dividend of $0.32. The ex-dividend date is Thursday, September 29. This represents an annualized dividend of $1.60 and a yield of 11.55%. Carlyle Secured Lending’s payout ratio is currently 64.65%.

Carlyle Secured Loans Company Profile

(Get an assessment)

TCG BDC, Inc is a business development company specializing in senior loans, senior secured loans, second unsecured loans, mezzanine loans and equity investments. It specializes in direct investment. It specializes in the middle market. It targets healthcare and pharmaceuticals, aerospace and defense, high-tech industries, business services, software, food beverages and tobacco, hospitality and leisure, banking, insurance and the real estate sector.

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