Carlyle Secured Lending (CGBD) Stock Price, News & Analysis

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Carlyle Secured Lending in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" CGBD shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CGBD, but not buy additional shares or sell existing shares.
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3 Wall Street analysts have issued 1-year price targets for Carlyle Secured Lending's stock. Their CGBD share price targets range from $15.00 to $17.00. On average, they predict the company's stock price to reach $16.00 in the next twelve months. This suggests that the stock has a possible downside of 4.4%.
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Carlyle Secured Lending's stock was trading at $14.96 at the beginning of the year. Since then, CGBD shares have increased by 11.9% and is now trading at $16.74.
View the best growth stocks for 2024 here.

Carlyle Secured Lending saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 367,000 shares, a decline of 30.7% from the March 15th total of 529,700 shares. Based on an average trading volume of 203,200 shares, the days-to-cover ratio is currently 1.8 days. Currently, 0.8% of the shares of the stock are short sold.
View Carlyle Secured Lending's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our CGBD earnings forecast.

Carlyle Secured Lending will be holding an earnings conference call on Wednesday, May 8th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) released its quarterly earnings data on Monday, February, 26th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.51 by $0.01. The firm had revenue of $62.69 million for the quarter, compared to analyst estimates of $42.86 million. Carlyle Secured Lending had a net margin of 38.19% and a trailing twelve-month return on equity of 12.80%. During the same quarter in the prior year, the company earned $0.48 EPS.

Carlyle Secured Lending declared a quarterly dividend on Tuesday, February 20th. Stockholders of record on Friday, March 29th will be given a dividend of $0.48 per share on Wednesday, April 17th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 11.47%. The ex-dividend date of this dividend is Wednesday, March 27th. This is a positive change from the stock's previous quarterly dividend of $0.44.
Read our dividend analysis for CGBD.

Carlyle Secured Lending (NASDAQ:CGBD) pays an annual dividend of $1.60 per share and currently has a dividend yield of 9.71%. CGBD has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 94.67%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, CGBD will have a dividend payout ratio of 84.21% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for CGBD.

ETFs with the largest weight of Carlyle Secured Lending (NASDAQ:CGBD) stock in their portfolio include Virtus Private Credit Strategy ETF (VPC).VanEck BDC Income ETF (BIZD).

Based on aggregate information from My MarketBeat watchlists, some companies that other Carlyle Secured Lending investors own include Energy Transfer (ET), Hercules Capital (HTGC), Ares Capital (ARCC), Annaly Capital Management (NLY), New Residential Investment (NRZ), AGNC Investment (AGNC), Prospect Capital (PSEC), AT&T (T), TriplePoint Venture Growth BDC (TPVG) and Oxford Lane Capital (OXLC).

Carlyle Secured Lending (CGBD) raised $171 million in an initial public offering (IPO) on Wednesday, June 14th 2017. The company issued 9,000,000 shares at $18.50-$19.50 per share. BofA Merrill Lynch, Morgan Stanley, J.P. Morgan, Citigroup, Keefe, Bruyette & Woods (A Stifel Company) and Wells Fargo Securities acted as the underwriters for the IPO and HSBC and Mizuho Securities were co-managers.

Carlyle Secured Lending's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.51%) and Hennion & Walsh Asset Management Inc. (0.16%). Insiders that own company stock include Alexander Popov, Aren C Leekong, John G Nestor, Jonathan Pearl, Mark David Jenkins and Thomas M Hennigan.
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Shares of CGBD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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