Carlyle Secured Lending - CGBD Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Carlyle Secured Lending in the last year. There are currently 3 hold ratings 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 1 year price objectives for Carlyle Secured Lending's shares. Their CGBD share price forecasts range from $13.50 to $15.00. On average, they predict the company's share price to reach $14.33 in the next twelve months. This suggests a possible upside of 23.6% from the stock's current price.
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Carlyle Secured Lending's stock was trading at $13.73 on January 1st, 2022. Since then, CGBD stock has decreased by 15.5% and is now trading at $11.60.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our CGBD earnings forecast.

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) announced its quarterly earnings results on Tuesday, August, 9th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.02. The business earned $35.99 million during the quarter, compared to analysts' expectations of $33.90 million. Carlyle Secured Lending had a net margin of 65.03% and a trailing twelve-month return on equity of 10.40%.

Carlyle Secured Lending declared a quarterly dividend on Monday, August 8th. Investors of record on Friday, September 30th will be given a dividend of $0.40 per share on Friday, October 14th. This represents a $1.60 annualized dividend and a yield of 13.79%. The ex-dividend date of this dividend is Thursday, September 29th. This is a boost from the stock's previous quarterly dividend of $0.32.
Read our dividend analysis for CGBD.

Carlyle Secured Lending (NASDAQ:CGBD) pays an annual dividend of $1.36 per share and currently has a dividend yield of 11.89%. 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 68.69%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, CGBD will have a dividend payout ratio of 78.61% 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 initial public offering 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."

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 $11.60.

Carlyle Secured Lending (NASDAQ:CGBD) has a market capitalization of $601.51 million and generates $171.24 million in revenue each year. The company earns $160.35 million in net income (profit) each year or $1.98 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.