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 expect the company's stock price to reach $15.00 in the next year. This suggests a possible upside of 7.5% 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 decreased by 2.5% and is now trading at $13.95.
View the best growth stocks for 2023 here.

Carlyle Secured Lending saw a decline in short interest in March. As of March 15th, there was short interest totaling 460,200 shares, a decline of 20.7% from the February 28th total of 580,000 shares. Based on an average daily trading volume, of 279,000 shares, the short-interest ratio is presently 1.6 days. Currently, 1.0% of the company's shares are sold short.
View Carlyle Secured Lending's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
View our CGBD earnings forecast.

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) announced its quarterly earnings data on Monday, February, 27th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.03. The company earned $40.80 million during the quarter, compared to analyst estimates of $38.75 million. Carlyle Secured Lending had a trailing twelve-month return on equity of 12.81% and a net margin of 47.19%.

Carlyle Secured Lending declared a quarterly dividend on Tuesday, February 21st. Stockholders of record on Friday, March 31st will be paid a dividend of $0.44 per share on Friday, April 14th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 12.62%. The ex-dividend date of this dividend is Thursday, March 30th. This is an increase from the stock's previous quarterly dividend of $0.40.
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 $1.44 per share and currently has a dividend yield of 10.58%. 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 93.51%. 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 74.23% 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 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 investors include Morgan Stanley (2.94%), LSV Asset Management (1.73%), Millennium Management LLC (1.56%), Two Sigma Investments LP (0.95%), Legal & General Group Plc (0.66%) and Novare Capital Management LLC (0.55%). Insiders that own company stock include 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 $13.95.

Carlyle Secured Lending (NASDAQ:CGBD) has a market capitalization of $708.94 million and generates $207.26 million in revenue each year. The company earns $85.64 million in net income (profit) each year or $1.54 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.