Carlyle Secured Lending, Inc.
US ˙ NasdaqGS ˙ US8722801029

Introduction

This page provides a comprehensive analysis of the known insider trading history of Nigel T Andrews. Insiders are officers, directors, or significant investors in a company. It is illegal for insiders to make trades in their companies based on specific, non-public information. This does not mean it is illegal for them to make any trades in their own companies. However, they must report all trades to the SEC via a Form 4. Despite these restrictions, academic research suggests that insiders - in general - tend to outperform the market in their own companies.

Average Trade Profitability

The average trade profitability is the average return of all the open market purchases made by the insider in the last three years. To calculate this, we examine every open-market, unplanned purchase made by the insider, excluding all trades that were marked as part of a 10b5-1 trading plan. We then calculate the average performance of those trades over 3, 6, and 12 months, averaging each of those durations to generate a final performance metric for each trade. Finally, we average all of the performance metrics to calculate a performance metric for the insider. This list only includes insiders that have made at least three trades in the last two years.

If this insiders trade profitability is "N/A", then the insider either has not made any open-market purchases in the last three years, or the trades they’ve made are too recent to calculate a reliable performance metric.

Update Frequency: Daily

See the list of most profitable insider traders.

See Highest Ranking Insiders
Companies with Reported Insider Positions

The SEC filings indicate Nigel T Andrews has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:CGBD / Carlyle Secured Lending, Inc. Director 25,050
Director 0
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Nigel T Andrews. Non-planned trade are trades that were not made as part of a 10b5-1 trading plan. The stock performance is charted as cumulative percent change in share price. For example, if an insider trade was made on January 1, 2019, the chart will show the daily percent change of the security to the present day. If the share price were to go from $10 to $15 during this time, the cumulative percent change in share price would be 50%. A change in price from $10 to $20 would be 100%, and a change in price of $10 to $5 would be -50%.

Ultimately, we are trying to determine how closely the insider’s trades correlate to excess returns (positive or negative) in the share price in order to see if the insider is timing their trades to profit from insider information. Consider the situation where an insider was doing this. In this situation, we would expect either (a) positive returns after purchases, or (b) negative returns after sales. In the case of (a), the PURCHASE chart would show a series of upwardly sloping curves, indicating positive returns after each purchase transaction. In the case of (b), the SALE chart would show a series of downward sloping curves, indicating negative returns after each sale transaction.

However, this alone is not enough to draw conclusions. If, for example, the share price of the company was in a non-cyclical climb over many years, then we would expect all the post-purchase plots to be upwardly sloping. Likewise, non-cyclical declines over many years would result in downward sloping post-trade plots. Neither of these charts would suggest insider trading activity.

The strongest indicator would be a situation where the share price was extremely cyclical, and there were both positive signals in the PURCHASE chart and negative plots on the SALE chart. This situation would be highly suggestive of an insider that was timing trades to their financial advantage.

Insider Purchases CGBD / Carlyle Secured Lending, Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in CGBD / Carlyle Secured Lending, Inc.. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Max		 Price at
Max		 Max
Profit ($)		 Max Return (%)
2017-05-25 NONE ANDREWS NIGEL T 1,593 18.4800 1,593 18.4800 29,439 218
2016-11-04 NONE ANDREWS NIGEL T 289 18.5900 289 18.5900 5,373
2016-09-01 NONE ANDREWS NIGEL T 283 18.3700 283 18.3700 5,199
2016-08-12 NONE ANDREWS NIGEL T 349 18.3300 349 18.3300 6,397
2016-06-10 NONE ANDREWS NIGEL T 335 18.1300 335 18.1300 6,074
2016-04-22 NONE ANDREWS NIGEL T 302 17.8700 302 17.8700 5,397
2016-02-26 NONE ANDREWS NIGEL T 242 18.1800 242 18.1800 4,400
2015-12-07 NONE ANDREWS NIGEL T 471 19.0800 471 19.0800 8,987
2015-09-25 NONE ANDREWS NIGEL T 276 19.1400 276 19.1400 5,283
2015-08-07 NONE ANDREWS NIGEL T 197 19.3700 197 19.3700 3,816
2015-06-11 NONE ANDREWS NIGEL T 505 19.4800 505 19.4800 9,837
2015-05-08 NONE ANDREWS NIGEL T 372 19.3200 372 19.3200 7,187
2015-04-17 NONE ANDREWS NIGEL T 272 19.2000 272 19.2000 5,222
2015-02-11 NONE ANDREWS NIGEL T 486 19.4600 486 19.4600 9,458
2015-01-02 NONE ANDREWS NIGEL T 205 19.4600 205 19.4600 3,989
2014-11-21 NONE ANDREWS NIGEL T 493 19.5300 493 19.5300 9,628
2014-10-20 NONE ANDREWS NIGEL T 216 19.8300 216 19.8300 4,283
2014-10-01 NONE ANDREWS NIGEL T 247 19.8300 247 19.8300 4,898
2014-01-10 NONE ANDREWS NIGEL T 191 19.5900 191 19.5900 3,742
2013-07-17 NONE ANDREWS NIGEL T 654 20.0000 654 20.0000 13,080
2013-06-11 NONE ANDREWS NIGEL T 1,151 20.0000 1,151 20.0000 23,020
2013-05-08 NONE ANDREWS NIGEL T 971 20.0000 971 20.0000 19,420

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

CGBD / Carlyle Secured Lending, Inc. Insider Trades
Insider Sales CGBD / Carlyle Secured Lending, Inc. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in CGBD / Carlyle Secured Lending, Inc.. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market sales that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Min		 Price at
Min		 Max Loss
Avoided ($)		 Max Loss
Avoided (%)
There are no known unplanned open-market trades for this insider and security combination

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

CGBD / Carlyle Secured Lending, Inc. Insider Trades
Insider Trading History

This table shows the complete list of insider trades made by Nigel T Andrews as disclosed to the Securities Exchange Commission (SEC).

File Date Tran Date Form Ticker Security Code 10b5-1 Shares Remaining Shares Percent
Change		 Share
Price		 Tran
Value		 Remaining
Value
2025-02-14 2024-12-31 5 CGBD Carlyle Secured Lending, Inc.
Common Stock 		J - Other 3,475 25,050 16.11
2024-02-12 2023-12-31 5 CGBD Carlyle Secured Lending, Inc.
Common Stock 		J - Other 2,439 21,574 12.74
2023-02-07 2022-12-31 5 CGBD Carlyle Secured Lending, Inc.
Common Stock 		J - Other 2,121 19,136 12.46
2022-02-02 2021-12-31 5 CGBD TCG BDC, INC.
Common Stock 		J - Other 887 17,015 5.50
2022-02-02 2021-06-15 5 CGBD TCG BDC, INC.
Common Stock 		D - Sale to Issuer -0 16,128 0.00 15.25 -7 245,952
2022-02-02 2021-04-16 5 CGBD TCG BDC, INC.
Common Stock 		J - Other 903 16,128 5.93
2022-02-02 2020-12-31 5 CGBD TCG BDC, INC.
Common Stock 		J - Other 5,125 15,225 50.74
2021-08-30 3 NONE Carlyle Secured Lending III
Common Stock 		0
2017-05-26 2017-05-25 4 NONE TCG BDC, INC.
Common Stock 		P - Purchase 1,593 10,100 18.73 18.48 29,439 186,648
2016-11-09 2016-11-04 4 NONE Carlyle GMS Finance, Inc.
Common Stock 		P - Purchase 289 8,507 3.52 18.59 5,373 158,145
2016-09-06 2016-09-01 4 NONE Carlyle GMS Finance, Inc.
Common Stock 		P - Purchase 283 8,218 3.57 18.37 5,199 150,965
2016-08-16 2016-08-12 4 NONE Carlyle GMS Finance, Inc.
Common Stock 		P - Purchase 349 7,935 4.60 18.33 6,397 145,449
2016-06-15 2016-06-10 4 NONE Carlyle GMS Finance, Inc.
Common Stock 		P - Purchase 335 7,586 4.62 18.13 6,074 137,534
2016-04-26 2016-04-22 4 NONE Carlyle GMS Finance, Inc.
Common Stock 		P - Purchase 302 7,251 4.35 17.87 5,397 129,575
2016-03-01 2016-02-26 4 NONE Carlyle GMS Finance, Inc.
Common Stock 		P - Purchase 242 6,949 3.61 18.18 4,400 126,333
2015-12-09 2015-12-07 4 NONE Carlyle GMS Finance, Inc.
Common Stock 		P - Purchase 471 6,707 7.55 19.08 8,987 127,970
2015-09-28 2015-09-25 4 NONE Carlyle GMS Finance, Inc.
Common Stock 		P - Purchase 276 6,236 4.63 19.14 5,283 119,357
2015-08-10 2015-08-07 4 NONE Carlyle GMS Finance, Inc.
Common Stock 		P - Purchase 197 5,960 3.42 19.37 3,816 115,445
2015-06-15 2015-06-11 4 NONE Carlyle GMS Finance, Inc.
Common Stock 		P - Purchase 505 5,763 9.60 19.48 9,837 112,263
2015-05-11 2015-05-08 4 NONE Carlyle GMS Finance, Inc.
Common Stock 		P - Purchase 372 5,258 7.61 19.32 7,187 101,585
2015-04-20 2015-04-17 4 NONE Carlyle GMS Finance, Inc.
Common Stock 		P - Purchase 272 4,886 5.90 19.20 5,222 93,811
2015-02-13 2015-02-11 4 NONE Carlyle GMS Finance, Inc.
Common Stock 		P - Purchase 486 4,614 11.77 19.46 9,458 89,788
2015-01-05 2015-01-02 4 NONE Carlyle GMS Finance, Inc.
Common Stock 		P - Purchase 205 4,128 5.23 19.46 3,989 80,331
2014-11-25 2014-11-21 4 NONE Carlyle GMS Finance, Inc.
Common Stock 		P - Purchase 493 3,923 14.37 19.53 9,628 76,616
2014-10-21 2014-10-20 4 NONE Carlyle GMS Finance, Inc.
Common Stock 		P - Purchase 216 3,430 6.72 19.83 4,283 68,017
2014-10-03 2014-10-01 4 NONE Carlyle GMS Finance, Inc.
Common Stock 		P - Purchase 247 3,214 8.32 19.83 4,898 63,734
2014-01-14 2014-01-10 4 NONE Carlyle GMS Finance, Inc.
Common Stock 		P - Purchase 191 2,967 6.88 19.59 3,742 58,124
2013-07-19 2013-07-17 4 NONE Carlyle GMS Finance, Inc.
Common Stock 		P - Purchase 654 2,776 30.82 20.00 13,080 55,520
2013-06-13 2013-06-11 4 NONE Carlyle GMS Finance, Inc.
Common Stock 		P - Purchase 1,151 2,122 118.54 20.00 23,020 42,440
2013-05-10 2013-05-08 4 NONE Carlyle GMS Finance, Inc.
Common Stock 		P - Purchase 971 971 20.00 19,420 19,420
P
Open market or private purchase of non-derivative or derivative security
S
Open market or private sale of non-derivative or derivative security
A
Grant, award, or other acquisition of securities from the company (such as an option)
C
Conversion of derivative
D
Sale or transfer of securities back to the company
F
Payment of exercise price or tax liability using portion of securities received from the company
G
Gift of securities by or to the insider
K
Equity swaps and similar hedging transactions
M
Exercise or conversion of derivative security received from the company (such as an option)
V
A transaction voluntarily reported on Form 4
J
Other (accompanied by a footnote describing the transaction)