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NASDAQ:CGBD

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

$14.31
+0.08 (+0.56%)
(As of 09:45 AM ET)
Compare
Today's Range
$14.25
$14.31
50-Day Range
$13.13
$14.23
52-Week Range
$11.23
$15.89
Volume
25,016 shs
Average Volume
213,717 shs
Market Capitalization
$726.80 million
P/E Ratio
9.48
Dividend Yield
10.34%
Price Target
$15.00

Carlyle Secured Lending MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
5.4% Upside
$15.00 Price Target
Short Interest
Healthy
0.90% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.22mentions of Carlyle Secured Lending in the last 14 days
Based on 7 Articles This Week
Insider Trading
Acquiring Shares
$91,842 Bought Last Quarter
Proj. Earnings Growth
-1.47%
From $2.04 to $2.01 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.21 out of 5 stars

Finance Sector

583rd out of 871 stocks

Private Households Industry

3rd out of 5 stocks


CGBD stock logo

About Carlyle Secured Lending (NASDAQ:CGBD) Stock

TCG BDC is an externally managed specialty finance company focused on lending to middle-market companies. TCG BDC is managed by Carlyle GMS Investment Management L.L.C., an SEC-registered investment adviser and a wholly owned subsidiary of The Carlyle Group L.P. Since it commenced investment operations in May 2013 through March 31, 2017, TCG BDC has invested more than $2.4 billion in aggregate principal amount of debt and equity investments prior to any subsequent exits or repayments. TCG BDC's investment objective is to generate current income and capital appreciation primarily through debt investments in U.S. middle market companies.

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CGBD Stock News Headlines

Investor Alert: EV Initiatives Create Unsustainable Demand For Lithium
The soaring demand for lithium is driven by worldwide demand for electric vehicles (EVs). Lithium is ideal for electric cars. It's lightweight, stores lots of energy and is rechargeable. Sales of EVs are expected to increase 10-fold by 2030 and estimates are that 1 in 2 cars sold will be electric by 2040.
The Graphite Shortage Story You're Not Being Told
Graphite demand for EV batteries is expected to increase 10X from 2020 to 2030. And today, with NO graphite-producing mines in N. America, China has a stranglehold on our graphite supply. That's why the U.S. government is spending billions of dollars to ensure an adequate domestic supply of this metal that's vital for energy independence and national security.
Expert Ratings for Carlyle Secured Lending
Carlyle Secured Lending, Inc. (CGBD)
See More Headlines

CGBD Price History

CGBD Company Calendar

Ex-Dividend for 4/14 Dividend
3/30/2023
Dividend Payable
4/14/2023
Last Earnings
5/09/2023
Today
6/05/2023
Ex-Dividend for 7/18 Dividend
6/29/2023
Dividend Payable
7/18/2023
Next Earnings (Estimated)
8/08/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Private households
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:CGBD
Fax
N/A
Employees
N/A
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$15.00
High Stock Price Forecast
$16.00
Low Stock Price Forecast
$14.50
Forecasted Upside/Downside
+5.4%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$85.64 million
Pretax Margin
38.03%

Debt

Sales & Book Value

Annual Sales
$207.26 million
Cash Flow
$2.36 per share
Book Value
$16.89 per share

Miscellaneous

Free Float
50,561,000
Market Cap
$722.74 million
Optionable
Optionable
Beta
1.64

Key Executives

  • Aren C. LeeKong
    President & Chief Executive Officer
  • Thomas M. HenniganThomas M. Hennigan
    Chief Financial & Risk Officer
  • Mark David JenkinsMark David Jenkins
    Executive Director & Managing Director
  • Desiree Annunziato
    Treasurer
  • L. Allison Rudary
    Head-Investor Relations













CGBD Stock - Frequently Asked Questions

Should I buy or sell Carlyle Secured Lending stock right now?

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.
View CGBD analyst ratings
or view top-rated stocks.

What is Carlyle Secured Lending's stock price forecast for 2023?

3 brokers have issued 12 month price targets for Carlyle Secured Lending's stock. 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 year. This suggests a possible upside of 5.4% from the stock's current price.
View analysts price targets for CGBD
or view top-rated stocks among Wall Street analysts.

How have CGBD shares performed in 2023?

Carlyle Secured Lending's stock was trading at $14.31 at the beginning of the year. Since then, CGBD shares have decreased by 0.6% and is now trading at $14.23.
View the best growth stocks for 2023 here
.

Are investors shorting Carlyle Secured Lending?

Carlyle Secured Lending saw a drop in short interest in the month of May. As of May 15th, there was short interest totaling 453,300 shares, a drop 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 currently 2.1 days. Approximately 0.9% of the company's shares are short sold.
View Carlyle Secured Lending's Short Interest
.

When is Carlyle Secured Lending's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 8th 2023.
View our CGBD earnings forecast
.

How were Carlyle Secured Lending's earnings last quarter?

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) issued its quarterly earnings results on Tuesday, May, 9th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.49 by $0.01. The company earned $41.60 million during the quarter, compared to the consensus estimate 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%.

How often does Carlyle Secured Lending pay dividends? What is the dividend yield for Carlyle Secured Lending?

Carlyle Secured Lending announced a quarterly dividend on Thursday, May 4th. 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 annualized dividend and a yield of 12.37%. The ex-dividend date of this dividend is Thursday, June 29th.
Read our dividend analysis for CGBD
.

What ETFs hold Carlyle Secured Lending's stock?

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).

Is Carlyle Secured Lending a good dividend stock?

Carlyle Secured Lending (NASDAQ:CGBD) pays an annual dividend of $1.48 per share and currently has a dividend yield of 10.40%. 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.

What other stocks do shareholders of Carlyle Secured Lending own?
When did Carlyle Secured Lending IPO?

(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.

What is Carlyle Secured Lending's stock symbol?

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

Who are Carlyle Secured Lending's major shareholders?

Carlyle Secured Lending's stock is owned by many different 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 Aren C Leekong, John G Nestor, Jonathan Pearl, Leslie E Bradford, Mark David Jenkins and Thomas M Hennigan.
View institutional ownership trends
.

How do I buy shares of Carlyle Secured Lending?

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.
Compare Top Brokerages Here.

What is Carlyle Secured Lending's stock price today?

One share of CGBD stock can currently be purchased for approximately $14.23.

How much money does Carlyle Secured Lending make?

Carlyle Secured Lending (NASDAQ:CGBD) has a market capitalization of $722.74 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.

How can I contact Carlyle Secured Lending?

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.

This page (NASDAQ:CGBD) was last updated on 6/5/2023 by MarketBeat.com Staff

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