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 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 brokers have issued 1 year target prices for Carlyle Secured Lending's shares. Their CGBD share price forecasts range from $13.00 to $15.00. On average, they predict the company's stock price to reach $14.17 in the next year. This suggests that the stock has a possible downside of 5.9%.
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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 5.2% and is now trading at $15.06.
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Carlyle Secured Lending saw a drop in short interest in January. As of January 15th, there was short interest totaling 464,700 shares, a drop of 23.2% from the December 31st total of 605,200 shares. Based on an average daily volume of 301,400 shares, the days-to-cover ratio is presently 1.5 days. Approximately 1.0% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Monday, February 27th 2023.
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Carlyle Secured Lending will be holding an earnings conference call on Tuesday, February 28th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) issued its earnings results on Tuesday, November, 8th. The company reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.42 by $0.16. The business had revenue of $47.21 million for the quarter, compared to analysts' expectations of $38.44 million. Carlyle Secured Lending had a trailing twelve-month return on equity of 10.99% and a net margin of 54.89%.

Carlyle Secured Lending announced a Variable dividend on Monday, October 31st. Investors of record on Friday, December 30th will be given a dividend of $0.44 per share on Monday, January 16th. This represents a yield of 10.4%. The ex-dividend date is Thursday, December 29th. This is an increase from the stock's previous Variable dividend of $0.34.
Read our dividend analysis for CGBD.

Carlyle Secured Lending (NASDAQ:CGBD) pays an annual dividend of $1.44 per share and currently has a dividend yield of 9.64%. CGBD has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 76.19%. 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 76.19% in the coming year. This indicates that the company may not be able to sustain their current 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 variety of institutional and retail investors. Top institutional investors include Novare Capital Management LLC (0.55%), Hennion & Walsh Asset Management Inc. (0.54%), Mckinley Capital Management LLC Delaware (0.37%), Brookstone Capital Management (0.11%), GraniteShares Advisors LLC (0.08%) and Arkadios Wealth Advisors (0.07%). Insiders that own company stock include John G Nestor, Jonathan Pearl, Leslie E Bradford, Linda Pace, 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 $15.06.

Carlyle Secured Lending (NASDAQ:CGBD) has a market capitalization of $773.54 million and generates $171.24 million in revenue each year. The company earns $160.35 million in net income (profit) each year or $1.89 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.