Jane Street Group LLC Purchases 3,249 Shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

Jane Street Group LLC lifted its position in Carlyle Secured Lending, Inc. (NASDAQ:CGBD) by 30.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 13,775 shares of the company’s stock after buying an additional 3,249 shares during the period. Jane Street Group LLC’s holdings in Carlyle Secured Lending were worth $234,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Kimelman & Baird LLC bought a new stake in shares of Carlyle Secured Lending in the second quarter valued at about $35,000. Northwestern Mutual Wealth Management Co. bought a new position in Carlyle Secured Lending in the second quarter worth about $52,000. Magnetar Financial LLC bought a new position in Carlyle Secured Lending in the second quarter worth about $189,000. Great Valley Advisor Group Inc. raised its holdings in Carlyle Secured Lending by 12.9% in the third quarter. Great Valley Advisor Group Inc. now owns 13,165 shares of the company’s stock worth $223,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Private Advisor Group LLC bought a new position in Carlyle Secured Lending in the third quarter worth about $235,000. 24.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company reduced their target price on shares of Carlyle Secured Lending from $17.00 to $16.00 and set an “equal weight” rating for the company in a report on Thursday, November 7th.

Carlyle Secured Lending Stock Performance

CGBD opened at $17.87 on Friday. Carlyle Secured Lending, Inc. has a 52-week low of $14.76 and a 52-week high of $18.74. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.99. The company has a market cap of $909.69 million, a P/E ratio of 9.98 and a beta of 1.57. The firm’s 50-day moving average price is $17.38 and its 200-day moving average price is $17.32.

Carlyle Secured Lending (NASDAQ:CGBD) last issued its earnings results on Tuesday, November 5th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. The firm had revenue of $55.97 million for the quarter, compared to analyst estimates of $39.92 million. Carlyle Secured Lending had a return on equity of 12.60% and a net margin of 40.69%. During the same quarter in the prior year, the firm earned $0.52 earnings per share. As a group, equities analysts anticipate that Carlyle Secured Lending, Inc. will post 1.98 EPS for the current fiscal year.

Carlyle Secured Lending Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be given a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.80 dividend on an annualized basis and a yield of 10.07%. Carlyle Secured Lending’s dividend payout ratio is currently 89.39%.

About Carlyle Secured Lending

Carlyle Secured Lending, Inc is business development company specializing in first lien debt, senior secured loans, second lien senior secured loan unsecured debt, mezzanine debt and investments in equities. It specializes in directly investing. It specializes in middle market. It targets healthcare and pharmaceutical, aerospace and defense, high tech industries, business services, software, beverage food and tobacco, hotel gamming and leisure, banking finance insurance and in real estate sector.