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 7,425 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
355% more call options, than puts
Call options by funds: $1.15M | Put options by funds: $252K
38% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 29
13% more capital invested
Capital invested by funds: $210M [Q3] → $238M (+$27.6M) [Q4]
1.25% more ownership
Funds ownership: 24.88% [Q3] → 26.13% (+1.25%) [Q4]
8% less funds holding
Funds holding: 122 [Q3] → 112 (-10) [Q4]
33% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 24
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$14
5%
downside
Avg. target
$14
5%
downside
High target
$14
5%
downside
2 analyst ratings
0 positive
0%
1 neutral
50%
1 negative
50%
Wells Fargo Finian O'Shea 63% 1-year accuracy 38 / 60 met price target | 5%downside $14 | Equal-Weight Maintained | 28 Apr 2025 |
JP Morgan Melissa Wedel 53% 1-year accuracy 10 / 19 met price target | 5%downside $14 | Underweight Maintained | 24 Apr 2025 |
Financial journalist opinion
Based on 6 articles about CGBD published over the past 30 days
Negative
Zacks Investment Research
1 day 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
2 days 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.
Positive
Seeking Alpha
6 days ago
CGBDL: It Is A Good Time For Us To Switch Gears
We constantly monitor BDC-issued Baby Bonds due to the issuers' regulatory leverage limitations and attractive yields, using Moody's BDC credit rating methodology for better evaluation. Carlyle Secured Lending offers a tempting adjusted NII yield of 13.5% and adjusted expected ROE of 11.8%, but with inherent credit and interest rate risks, too. CGBDL, trading at $26.00, offers a 7.50% Yield to Maturity but a less impressive 3.51% Yield to Call, making it less attractive currently.
Positive
Zacks Investment Research
2 weeks ago
Carlyle Secured Lending (CGBD) Surges 8.3%: Is This an Indication of Further Gains?
Carlyle Secured Lending (CGBD) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Neutral
Seeking Alpha
3 weeks ago
BDC Weekly Review: CGBD Completes Its Merger
We take a look at the action in business development companies through the last week of March and highlight some of the key themes we are watching. BDCs finished flat for the week with MAIN and HTGC underperforming; sector valuation remains slightly above historic averages and down 7% from the recent peak. Carlyle Secured Lending's merger with CSL III closed, potentially pushing CGBD prices lower; CGBD is down 3.5% YTD, slightly expensive, but worth watching.
Positive
Seeking Alpha
4 weeks ago
Carlyle Secured Lending: Closed Merger Improved Portfolio Quality
CGBD is a defensively structured BDC with a strong portfolio, solid dividend coverage, and increasing investor recognition, currently trading at a ~0.96x P/BV multiple. The merger with CSL III will enhance CGBD's defensive nature, increasing assets to $2.8B and improving metrics. Post-merger, CGBD will have better diversification, higher first-lien debt exposure, and lower non-accruals.
Positive
Zacks Investment Research
1 month ago
Carlyle Secured Lending Announces Completion of Merger With CSL III
CGBD's merger with Carlyle Secured Lending and CSL III signifies a strategic alignment that is likely to enhance operational efficiency and minimize costs.
Neutral
GlobeNewsWire
1 month ago
Carlyle Secured Lending, Inc. Closes Merger with Carlyle Secured Lending III
NEW YORK, March 27, 2025 (GLOBE NEWSWIRE) -- Carlyle Secured Lending, Inc. (“CGBD”) (NASDAQ: CGBD) announced today the closing of its previously announced merger with Carlyle Secured Lending III (“CSL III”) with CGBD as the surviving company. Based on March 25, 2025 financial data, the combined company has more than $2.8 billion of assets.
Neutral
GlobeNewsWire
1 month ago
Carlyle Secured Lending, Inc. Announces Shareholder Approval of Merger with Carlyle Secured Lending III
NEW YORK, March 26, 2025 (GLOBE NEWSWIRE) -- Carlyle Secured Lending, Inc. (“CGBD”) (NASDAQ: CGBD) announced today that CGBD shareholders voted overwhelmingly in favor of the previously announced merger with Carlyle Secured Lending III (“CSL III”) at the special meeting held on March 26, 2025.
Negative
Seeking Alpha
1 month ago
BDC Weekly Review: JPMorgan Muscling In On Private Credit Turf
We take a look at the action in business development companies through the last week of February and highlight some of the key themes we are watching. BDCs remained flat amid volatile risk sentiment, with TCPC underperforming due to a poor quarter and dividend cut, while February saw slight overall gains for the sector. JPMorgan's $50bn direct lending initiative and merger of its commercial and investment banks could increase competition for BDCs in corporate lending.
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