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

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Carlyle Secured Lending in the last year. 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 analysts have issued 12 month target prices for Carlyle Secured Lending's shares. Their CGBD share price forecasts range from $14.50 to $16.00. On average, they predict the company's share price to reach $15.50 in the next year. This suggests a possible upside of 4.2% from the stock's current price.
View analysts price targets for CGBD or view top-rated stocks among Wall Street analysts.

Carlyle Secured Lending's stock was trading at $14.31 at the beginning of 2023. Since then, CGBD stock has increased by 4.0% and is now trading at $14.88.
View the best growth stocks for 2023 here.

Carlyle Secured Lending saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 408,700 shares, an increase of 10.8% from the August 15th total of 368,900 shares. Based on an average daily volume of 186,600 shares, the short-interest ratio is presently 2.2 days. Approximately 0.9% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
View our CGBD earnings forecast.

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) posted its quarterly earnings results on Tuesday, August, 8th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.51 by $0.01. The company earned $42.73 million during the quarter, compared to the consensus estimate of $50.62 million. Carlyle Secured Lending had a net margin of 40.73% and a trailing twelve-month return on equity of 13.76%.

Carlyle Secured Lending announced a quarterly dividend on Thursday, August 3rd. Investors of record on Friday, September 29th will be paid a dividend of $0.44 per share on Tuesday, October 17th. This represents a $1.76 annualized dividend and a yield of 11.83%. The ex-dividend date of this dividend is Thursday, September 28th.
Read our dividend analysis for CGBD.

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

Carlyle Secured Lending (NASDAQ:CGBD) pays an annual dividend of $1.48 per share and currently has a dividend yield of 10.01%. CGBD has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 97.37%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, CGBD will have a dividend payout ratio of 72.91% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CGBD.

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).

(CGBD) raised $171 million in an IPO on Wednesday, June 14th 2017. The company issued 9,000,000 shares at a price of $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 served as the underwriters for the IPO and HSBC and Mizuho Securities were co-managers.

Carlyle Secured Lending trades on the NASDAQ under the ticker symbol "CGBD."

Carlyle Secured Lending's stock is owned by a number of retail and institutional investors. Top institutional shareholders include LSV Asset Management (3.05%), Sumitomo Mitsui Trust Holdings Inc. (0.64%), BlackRock Inc. (0.50%), Royal Bank of Canada (0.46%), Mckinley Capital Management LLC (0.36%) and Truist Financial Corp (0.28%). Insiders that own company stock include Alexander Popov, Aren C Leekong, John G Nestor, Jonathan Pearl, Leslie E Bradford, Mark David Jenkins and Thomas M Hennigan.
View institutional ownership trends.

Shares of CGBD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CGBD stock can currently be purchased for approximately $14.88.

Carlyle Secured Lending (NASDAQ:CGBD) has a market capitalization of $755.76 million and generates $207.26 million in revenue each year. The company earns $85.64 million in net income (profit) each year or $1.52 on an earnings per share basis.

Carlyle Secured Lending's mailing address is 520 Madison Avenue 40th Floor, New York NY, 10022. The official website for the company is www.tcgbdc.com. The company can be reached via phone at (212) 813-4900 or via email at publicinvestor@tcgbdc.com.