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

3 Wall Street equities 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 equities 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 equities research analysts have issued twelve-month price objectives 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 stock price to reach $15.00 in the next twelve months. This suggests a possible upside of 9.2% 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 the year. Since then, CGBD stock has decreased by 4.0% and is now trading at $13.74.
View the best growth stocks for 2023 here.

Carlyle Secured Lending saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 453,300 shares, a decrease of 11.5% from the April 30th total of 512,300 shares. Based on an average daily trading volume, of 220,900 shares, the days-to-cover ratio is presently 2.1 days. Approximately 0.9% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 8th 2023.
View our CGBD earnings forecast.

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) issued its earnings results on Tuesday, May, 9th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.49 by $0.01. The firm had revenue of $41.60 million for the quarter, compared to analysts' expectations of $42.02 million. Carlyle Secured Lending had a trailing twelve-month return on equity of 13.05% and a net margin of 43.60%.

Carlyle Secured Lending announced a quarterly dividend on Tuesday, May 9th. Shareholders of record on Friday, June 30th will be given a dividend of $0.44 per share on Tuesday, July 18th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 12.81%. The ex-dividend date is Thursday, June 29th.
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), Virtus Private Credit Strategy ETF (VPC) and VanEck BDC Income ETF (BIZD).GraniteShares HIPS US High Income ETF (HIPS).

Carlyle Secured Lending (NASDAQ:CGBD) pays an annual dividend of $1.48 per share and currently has a dividend yield of 10.77%. 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 98.01%. 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 73.63% 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 initial public offering 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 trades on the NASDAQ under the ticker symbol "CGBD."

Carlyle Secured Lending's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include LSV Asset Management (2.87%), Two Sigma Advisers LP (0.81%), Two Sigma Investments LP (0.79%), Muzinich & Co. Inc. (0.71%), Sumitomo Mitsui Trust Holdings Inc. (0.70%) and Bank of America Corp DE (0.58%). Insiders that own company stock include John G Nestor, Jonathan Pearl, Leslie E Bradford, 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 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 $13.74.

Carlyle Secured Lending (NASDAQ:CGBD) has a market capitalization of $697.85 million and generates $207.26 million in revenue each year. The company earns $85.64 million in net income (profit) each year or $1.51 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.