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

3 Wall Street 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 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 12 month price objectives for Carlyle Secured Lending's stock. Their CGBD share price targets range from $14.50 to $16.00. On average, they predict the company's share price to reach $15.50 in the next twelve months. This suggests a possible upside of 1.4% from the stock's current price.
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Carlyle Secured Lending's stock was trading at $14.31 at the start of the year. Since then, CGBD stock has increased by 6.8% and is now trading at $15.29.
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Carlyle Secured Lending saw a increase in short interest in November. As of November 15th, there was short interest totaling 498,300 shares, an increase of 7.0% from the October 31st total of 465,600 shares. Based on an average daily volume of 202,100 shares, the days-to-cover ratio is currently 2.5 days. Approximately 1.1% 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 Monday, February 26th 2024.
View our CGBD earnings forecast.

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) released its quarterly earnings data on Tuesday, November, 7th. The company reported $0.52 EPS for the quarter, meeting analysts' consensus estimates of $0.52. The business earned $42.28 million during the quarter, compared to analysts' expectations of $43.03 million. Carlyle Secured Lending had a net margin of 37.16% and a trailing twelve-month return on equity of 13.77%.

Carlyle Secured Lending announced a quarterly dividend on Thursday, November 2nd. Shareholders of record on Friday, December 29th will be given a dividend of $0.44 per share on Thursday, January 18th. This represents a $1.76 annualized dividend and a dividend yield of 11.51%. The ex-dividend date of this dividend is Thursday, December 28th.
Read our dividend analysis for CGBD.

Carlyle Secured Lending (NASDAQ:CGBD) pays an annual dividend of $1.48 per share and currently has a dividend yield of 9.73%. 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 109.63%. 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 74.75% next year. This indicates that the company will be able to sustain or increase its dividend.
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).

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 $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 variety of retail and institutional investors. Top institutional investors include Morgan Stanley (3.72%), LSV Asset Management (3.31%), Legal & General Group Plc (0.72%), Muzinich & Co. Inc. (0.54%), Sumitomo Mitsui Trust Holdings Inc. (0.54%) and Novare Capital Management LLC (0.48%). 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.
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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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