Carlyle Secured Lending
CGBD

$16.70

0%

Market Cap: $849M

About: Carlyle Secured Lending Inc is a specialty finance company that is a closed-end, externally managed, non-diversified management investment company. It focuses on providing directly originated, financing solutions across the capital structure, with a focus on senior secured lending to middle-market companies located in the United States. The company's investment objective is to generate current income and capital appreciation through debt investments in U.S. middle-market companies.

0

Funds holding %

of 6,710 funds

0

Analysts bullish %

of 3 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

177% more call options, than puts

Call options by funds: $1.71M | Put options by funds: $617K

54% more repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 28

33% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 12

4% more funds holding

Funds holding: 108 [Q1] → 112 (+4) [Q2]

4% less capital invested

Capital invested by funds: $236M [Q1] → $226M (-$9.94M) [Q2]

3.52% less ownership

Funds ownership: 28.53% [Q1] → 25.02% (-3.52%) [Q2]

See Fund Rankings

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$16

4%

downside

Avg. target

$16.67

0%

upside

High target

$17

2%

upside

3 analyst ratings

0 positive

0%

2 neutral

67%

1 negative

33%

Wells Fargo Finian O'Shea 60% 1-year accuracy 15 / 25 met price target	4%downside $16	Equal-Weight Maintained	6 Aug 2024
JP Morgan Melissa Wedel 45% 1-year accuracy 5 / 11 met price target	2%upside $17	Underweight Downgraded	29 Jul 2024
Wells Fargo Finian O'Shea 60% 1-year accuracy 15 / 25 met price target	2%upside $17	Equal-Weight Maintained	26 Jul 2024

See Analyst Rankings

Financial journalist opinion

Based on 5 articles about CGBD published over the past 30 days

3 Pillars To Minimize BDC Dividend Cut Risk In Your Portfolio

It is very likely that for most BDCs, the earnings have peaked and the direction of travel is unfavorable. There are both structural and transitory headwinds that put a pressure on earnings, rendering the dividend coverage levels potentially unsustainable. In this article, I share three pillars that have to be in place in BDC dividend investor portfolio to mitigate the risk of experiencing a cut in their income streams.

3 Pillars To Minimize BDC Dividend Cut Risk In Your Portfolio

Carlyle Secured Lending: Recent Pullback, Merger And Discount To NAV Makes Them A Buy (Rating Upgrade)

Carlyle Secured Lending is a promising BDC, benefiting from a merger with Carlyle Secured Lending III, enhancing their liquidity and scale. Despite a miss on their top & bottom lines, dividend coverage was strong and improved leverage, positioning CGBD well for future growth. They currently trade at a slight discount to NAV with the recent pullback of 8%, making CGBD a buy currently.

Carlyle Secured Lending: Recent Pullback, Merger And Discount To NAV Makes Them A Buy (Rating Upgrade)

2 BDCs That Improved And 2 That Got Worse After Q2 Earnings

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2 BDCs That Improved And 2 That Got Worse After Q2 Earnings

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BDC Weekly Review: Yield Myopia Ignores The Right Metrics

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BDC Weekly Review: Yield Myopia Ignores The Right Metrics

CARLYLE INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Merger of Carlyle Secured Lending, Inc. - CGBD

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed merger of Carlyle Secured Lending, Inc. (the “Company”) (NasdaqGS: CGBD) and Carlyle Secured Lending III (“CSL III”). Under the terms of the proposed transaction, CSL III shareholders will receive shares of CGBD based on a ratio determined shortly before the closing of the merger. KSF is seeking to determine whether t.

CARLYLE INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Merger of Carlyle Secured Lending, Inc. - CGBD

Zacks Investment Research

Carlyle Secured Lending (CGBD) Enters Merger Deal With CSL III

Carlyle Secured Lending's (CGBD) merger with CSL III is projected to offer significant value and advantages to investors in the short term and over the long run.

Carlyle Secured Lending (CGBD) Enters Merger Deal With CSL III

Carlyle Secured Lending: Strong Quarter With Stronger Future

Carlyle Secured Lending has outperformed the BDC market by 12% on a YTD basis. The Q2 earnings report shows solid performance, high dividend coverage, and potential for portfolio growth despite a slight uptick in non-accruals and currently negative net investment volumes. The announced merger with Carlyle Secured Lending III is set to inject multiple synergic benefits, strengthening the financial prospects of CGBD even further.

Carlyle Secured Lending: Strong Quarter With Stronger Future

Carlyle Secured Lending Inc. (CGBD) Q2 2024 Earnings Call Transcript

Carlyle Secured Lending Inc. (NASDAQ:CGBD ) Q2 2024 Earnings Conference Call August 5, 2024 10:00 AM ET Company Participants Nishil Mehta - Head of Shareholder Relations Justin Plouffe - Chief Executive Officer Thomas Hennigan - Chief Financial Officer Conference Call Participants Finian O'Shea - WFS Melissa Wedel - JP Morgan Operator Good day and thank you for standing by and welcome to the Carlyle Secured Lending Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Carlyle Secured Lending Inc. (CGBD) Q2 2024 Earnings Call Transcript

Zacks Investment Research

Down -6.06% in 4 Weeks, Here's Why Carlyle Secured Lending (CGBD) Looks Ripe for a Turnaround

Carlyle Secured Lending (CGBD) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Down -6.06% in 4 Weeks, Here's Why Carlyle Secured Lending (CGBD) Looks Ripe for a Turnaround

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