Carlyle Secured Lending (CGBD)

• Market cap: $854M
• 1 day: 1.70%
• 5 days: -2.73%
• 1 month: -5.26%
• 3 months: -6.27%
• 6 months: -4.67%
• Year to date: -7.46%
• 1 year: 4.43%
• 5 years: 120.69%
• 10 years: -7.51%

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.

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

355% more call options, than puts

Call options by funds: $1.15M | Put options by funds: $252K

30% more repeat investments, than reductions

Existing positions increased: 39 | Existing positions reduced: 30

13% more capital invested

Capital invested by funds: $210M [Q3] → $239M (+$28.3M) [Q4]

1.32% more ownership

Funds ownership: 24.92% [Q3] → 26.24% (+1.32%) [Q4]

7% less funds holding

Funds holding: 122 [Q3] → 114 (-8) [Q4]

26% less first-time investments, than exits

New positions opened: 17 | Existing positions closed: 23

Research analyst outlook

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

• Low target: $17 1% upside
• Avg. target: $17 1% upside
• High target: $17 1% upside

2 analyst ratings

• positive: 0 0%
• neutral: 1 50%
• negative: 1 50%

JP Morgan Melissa Wedel 53% 1-year accuracy 8 / 15 met price target	1% upside $17	Underweight Maintained	3 Feb 2025
Wells Fargo Finian O'Shea 54% 1-year accuracy 22 / 41 met price target	1% upside $17	Equal-Weight Maintained	29 Jan 2025