Carlyle Secured Lending, Inc.'s (NASDAQ:CGBD) Chief Financial Officer, Thomas M. Hennigan, has recently sold a portion of his holdings in the company. The transaction, which took place on July 25, involved the sale of 3,550 shares at a price of $18.10 per share, resulting in a total value of $64,255.
It's noteworthy that the shares sold were held indirectly by Mr. Hennigan's spouse, as indicated by the footnotes in the filing. Mr. Hennigan has disclaimed beneficial ownership of these securities except to the extent of his pecuniary interest therein.
Following the sale, the CFO still indirectly owns 2,360 shares of Carlyle Secured Lending, Inc. This transaction suggests a shift in the executive's investment in the company, although the reasons behind the sale are not disclosed in the filing. As with any such transaction, investors often monitor these moves for insights into executive sentiment towards their company's stock.
Carlyle Secured Lending, Inc., formerly known as TCG BDC (NASDAQ:CGBD), Inc., is a publicly traded company that provides financing solutions to middle-market companies. This recent transaction is part of the regular disclosure of stock trades made by the company's insiders, which can be significant indicators of a company's health and management's expectations.
In other recent news, Carlyle Secured Lending has reported a second-quarter net investment income of $0.51 per share. However, the company has not disclosed its revenue for the period. The net asset value per common share noted a slight decrease of 0.7%, down to $16.95 from the previous quarter's $17.07. The total fair value of the company's investments was reported at $1.7 billion. In addition, Carlyle Secured Lending declared a base quarterly common dividend of $0.40 per share and a supplemental dividend of $0.07 per share.
Among other developments, Carlyle Secured Lending announced a merger agreement with Carlyle Secured Lending III, with the transaction expected to close in the first fiscal quarter of 2025. These are recent developments that provide insight into the company's performance and strategic moves.
InvestingPro Insights
Amidst the recent insider transaction involving Carlyle Secured Lending, Inc.'s (NASDAQ:CGBD) CFO, Thomas M. Hennigan, investors are keen to understand the broader financial context of the company. A glimpse into the real-time data from InvestingPro reveals some key metrics that may interest shareholders and potential investors:
- The company has a market capitalization of approximately $821.71 million, reflecting its valuation in the current market.
- With a P/E ratio of 7.91, Carlyle Secured Lending appears to trade at a multiple that suggests the stock may be undervalued compared to industry peers.
- Investors looking for income may find the company's dividend yield of 11.35% particularly attractive, especially as CGBD has raised its dividend for three consecutive years, signaling confidence in its ability to generate cash flow.
Additionally, according to InvestingPro Tips, Carlyle Secured Lending has demonstrated a strong return over the last five years. This is complemented by the fact that the company's liquid assets exceed its short-term obligations, suggesting financial stability. For those interested in the company's stock performance, the RSI indicates that the stock is currently in oversold territory, which might present a buying opportunity for contrarian investors.
For further insights into Carlyle Secured Lending, Inc., including additional InvestingPro Tips that could guide investment decisions, visit InvestingPro. Currently, there are 9 additional tips listed, providing a comprehensive analysis of the company's financial health and stock performance.
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