Hager Investment Management Services LLC Makes New Investment in Carlyle Secured Lending, Inc. (NASDAQ:CGBD)

Hager Investment Management Services LLC bought a new position in Carlyle Secured Lending, Inc. (NASDAQ:CGBD) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 228,267 shares of the company’s stock, valued at approximately $4,093,000. Carlyle Secured Lending comprises about 2.6% of Hager Investment Management Services LLC’s investment portfolio, making the stock its 10th largest holding.

Several other hedge funds also recently bought and sold shares of CGBD. Round Rock Advisors LLC bought a new stake in shares of Carlyle Secured Lending during the 4th quarter worth about $333,000. GFS Advisors LLC bought a new stake in shares of Carlyle Secured Lending during the 4th quarter worth about $891,000. EMC Capital Management boosted its stake in shares of Carlyle Secured Lending by 56.9% during the 4th quarter. EMC Capital Management now owns 13,021 shares of the company’s stock worth $233,000 after acquiring an additional 4,722 shares in the last quarter. Novare Capital Management LLC boosted its stake in shares of Carlyle Secured Lending by 0.5% during the 4th quarter. Novare Capital Management LLC now owns 178,705 shares of the company’s stock worth $3,204,000 after acquiring an additional 900 shares in the last quarter. Finally, Grimes & Company Inc. boosted its stake in shares of Carlyle Secured Lending by 28.6% during the 4th quarter. Grimes & Company Inc. now owns 30,104 shares of the company’s stock worth $540,000 after acquiring an additional 6,690 shares in the last quarter. 24.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CGBD has been the subject of several recent analyst reports. Wells Fargo & Company upped their price target on Carlyle Secured Lending from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. upped their price target on Carlyle Secured Lending from $16.00 to $17.00 and gave the stock an “underweight” rating in a research note on Monday.

Carlyle Secured Lending Price Performance

Shares of NASDAQ:CGBD opened at $18.47 on Wednesday. The business has a 50 day moving average price of $17.97 and a 200 day moving average price of $17.34. Carlyle Secured Lending, Inc. has a twelve month low of $14.76 and a twelve month high of $18.74. The company has a market cap of $940.31 million, a price-to-earnings ratio of 10.32 and a beta of 1.57. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.99.

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

Carlyle Secured Lending Company Profile

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.