As of the most recent 13F filing with the Securities & Exchange Commission, LSV Asset Management has raised its position in Carlyle Secured Lending, Inc. (NASDAQ:CGBD) by 49.6% during the fourth quarter. The institutional investor now owns a striking 886,372 shares of the company’s stock worth $12,684,000 after acquiring an additional 293,772 shares during the quarter. This increased stake accounts for approximately 1.73% of Carlyle Secured Lending’s worth at the end of the period.
Carlyle Secured Lending recently issued its earnings results for Q4 and confirmed an EPS figure of $0.48 per share, beating analysts’ consensus estimates by $0.03 per share. With just under $41 million in revenue for Q4 compared to analysts’ expectations of $38.75 million, they’re on track to post about $2.01 earnings per share this fiscal year.
TCG BDC is a specialty finance company that focuses on lending to middle-market companies and operates under Carlyle GMS Investment Management LLC – an SEC-registered investment adviser and subsidiary of The Carlyle Group L.P; TCG BDC has invested more than $2.4 billion in principal amount from May 2013 through March 31st, 2021.
This news is significant within America’s financial market as it reflects increasing confidence within Carlyle Secured Lending as it continues to perform well throughout a turbulent economy; moreover institutions such as LSV Asset Management continue showing faith in their future growth prospects. It would be interesting to follow how events unfold in this space going forward since there seems to be high potential for further development – announcing deals with TCG BDC or other subsidiaries could hint towards a trend or pattern as debt markets also react and adapt to these events over time.
Investors Flock to Carlyle Secured Lending: A Look at Q4 Investments and Dividend Payouts
The world of finance is constantly in flux with investments making headlines every day. On May 13, 2023, several large investors bought and sold shares of Carlyle Secured Lending. AE Wealth Management LLC led the list with a new stake in the company’s shares, worth about $297,000 during the fourth quarter. This was followed by Edge Capital Group LLC, which grew its stake by 1,110.1% during Q3 and now owns 11,314 shares of the company’s stock worth $129,000 after purchasing an additional 10,379 shares in Q4. Several other financial institutions like Jenkins Wealth, Arkadios Wealth Advisors and Condor Capital Management also invested in Carlyle Secured Lending during Q4.
Carlyle Secured Lending opened at $13.45 on Friday and reached a market capitalization of $683.19 million. It has a PE ratio of 8.73 and a beta of 1.64. The company has enjoyed successes over the last year with its highest value at $15.89 while it stood at its lowest value at $11.23.
TCG BDC is an externally managed specialty finance company that Carlyle GMS Investment Management LLC manages under The Carlyle Group L.P., an SEC-registered investment adviser wholly owned subsidiary.
Recently declared quarterly dividends will be paid to investors who held stocks with record on Friday June 30th. An annualized dividend payout ratio as high as 96% makes this financially lucrative for interested parties.
Several brokerages recently commented on CGBD with Wells Fargo & Company giving the company equal weight in their report published on March 1st along with an upped target price on Carlyle Secured Lending from $14 to $14.50 per share; Citigroup gave a buy rating along with an increase in target price from $15 to $16 per share. However, TheStreet report gave Carlyle Secured Lending a rating of c+ down from b- on May 1st.
Investors continue to be interested in the success and failure stories of financial institutions, and with large investors like AE Wealth Management LLC investing in Carlyle Secured Lending during Q4, it proves that interest is only increasing further.
