Carlyle Secured LendingCGBD
CGBD
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 7,296 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
431% more call options, than puts
Call options by funds: $1.66M | Put options by funds: $312K
54% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 13
25% more capital invested
Capital invested by funds: $238M [Q4 2024] → $298M (+$60.5M) [Q1 2025]
13% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 32
10.04% more ownership
Funds ownership: 26.12% [Q4 2024] → 36.16% (+10.04%) [Q1 2025]
4% more funds holding
Funds holding: 113 [Q4 2024] → 117 (+4) [Q1 2025]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q4 2024] → 1 (+0) [Q1 2025]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$13
6%
downside
Avg. target
$14
1%
upside
High target
$15
8%
upside
3 analyst ratings
1 positive
33%
1 neutral
33%
1 negative
33%
Oppenheimer Mitchel Penn | 8%upside $15 | Perform Maintained | 8 May 2025 |
Wells Fargo Finian O'Shea | 6%downside $13 | Equal-Weight Maintained | 8 May 2025 |
JP Morgan Melissa Wedel | 1%upside $14 | Underweight Maintained | 24 Apr 2025 |
Financial journalist opinion
Based on 6 articles about CGBD published over the past 30 days
Neutral
Seeking Alpha
1 day ago
Carlyle Secured Lending: Valuation Collapse Makes This BDC A Buy
CGBD features an 11.5% yield and trades at a 16% discount to NAV. The recent merger with CSL III increased portfolio size, improved first-lien allocation, and eliminated preferred stock dilution overhang. Despite a slight NAV decline and rising non-accruals, portfolio quality remains solid and returns are in line with the sector average.
Neutral
Seeking Alpha
1 day ago
BDC Weekly Review: Questions About BDC Income And Price Trends
We take a look at the action in business development companies through the first week of June and highlight some of the key themes we are watching. BDC are flat year-to-date on average, with valuations below historical averages. Net investment income declines are sector-wide, driven by rate changes, not management issues; NII is expected to stabilize as rates have leveled off.
Positive
Forbes
1 week ago
How To Lock In Yields Up To 17.1% In Historically Cheap Small Caps
Small-cap stocks haven't been this cheap in decades. This valuation advantage gets interesting when we add big fat dividends and today, we'll discuss five cheap small caps yielding between 8.3% and 17.1%.
Neutral
Seeking Alpha
2 weeks ago
Carlyle Secured Lending: NAV Continues To Slide Due To Weak Earnings
Carlyle Secured Lending's fundamentals remain solid, but rising non-accruals and shrinking net investment income raise concerns about portfolio health and dividend sustainability. Despite a 21% price drop and a 12.4% dividend yield, I maintain a hold rating due to ongoing NAV declines and limited earnings coverage for distributions. The portfolio's first lien, senior secured focus, and floating rate exposure are positives, but higher rates are pressuring borrowers and increasing credit risk.
Neutral
Seeking Alpha
2 weeks ago
BDC Weekly Review: Performance Divergence But No Serious Weakness
We take a look at the action in business development companies through the fourth week of May and highlight some of the key themes we are watching. BDC sector pulled back 2% this week, but remains up 2.5% month-to-date; valuations are about 5% below historic averages. Despite headlines of credit stress, BDC portfolios' interest income continues to offset markdowns and non-accruals, supporting solid total NAV returns.
Negative
Seeking Alpha
4 weeks ago
BDC Weekly Review: Unrealized Depreciation Nearly Universal In Q1
We take a look at the action in business development companies through the second week of May and highlight some of the key themes we are watching. The BDC sector remained flat on the week, with CGBD leading the decline. The median BDC valuation is at a 12% discount, making the sector attractive for new allocations. Net unrealized depreciation is a key theme this earnings season, driven by wider public credit spreads, leading to a median NAV drop of around 1% in Q1.
Neutral
Seeking Alpha
1 month ago
Carlyle Secured Lending Inc. (CGBD) Q1 2025 Earnings Call Transcript
Carlyle Secured Lending Inc. (NASDAQ:CGBD ) Q1 2025 Earnings Conference Call May 7, 2025 11:00 AM ET Company Participants Nishil Mehta - Head of Shareholder Relations Justin Plouffe - Chief Executive Officer Tom Hennigan - Chief Financial Officer Conference Call Participants Finian O'Shea - Wells Fargo Securities Melissa Wedel - JPMorgan Operator Hello. Good day, and thank you for standing by.
Negative
Zacks Investment Research
1 month ago
Carlyle Secured Lending, Inc. (CGBD) Q1 Earnings and Revenues Lag Estimates
Carlyle Secured Lending, Inc. (CGBD) came out with quarterly earnings of $0.41 per share, missing the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.54 per share a year ago.
Negative
Zacks Investment Research
1 month ago
Earnings Preview: Carlyle Secured Lending, Inc. (CGBD) Q1 Earnings Expected to Decline
Carlyle Secured Lending (CGBD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Positive
Seeking Alpha
1 month ago
I'm Locking 8-12% Yields For Whatever Comes Next
Capital gains can be volatile, but dividends provide stability. Two high-yield picks, Carlyle Secured Lending and CTO Realty Growth, offer yields of 8-12%. Carlyle Secured Lending offers a 12.2% yield, backed by a conservatively managed, senior-secured debt portfolio, strong liquidity, and a discounted price relative to NAV. CTO Realty Growth provides an 8.5% yield from retail properties in high-growth Sunbelt markets, demonstrating organic rent growth, strategic acquisitions, and a healthier balance sheet.
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