Carlyle Secured Lending (CGBD)

• Market cap: $910M
• 1 day: 1.88%
• 5 days: 0.39%
• 1 month: 0.00%
• 3 months: 3.59%
• 6 months: -1.87%
• Year to date: -1.27%
• 1 year: 16.49%
• 5 years: 30.34%
• 10 years: -1.33%

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 Q3 regulatory filings by fund managers ($100M+ AUM)

455% more call options, than puts

Call options by funds: $1.14M | Put options by funds: $205K

62% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 13

4% more funds holding

Funds holding: 115 [Q2] → 120 (+5) [Q3]

4.41% less ownership

Funds ownership: 29.26% [Q2] → 24.85% (-4.41%) [Q3]

16% less repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 38

21% less capital invested

Capital invested by funds: $264M [Q2] → $210M (-$54.4M) [Q3]

Research analyst outlook

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

• Low target: $16 10% downside
• Avg. target: $16 10% downside
• High target: $16 10% downside

1 analyst rating

• positive: 0 0%
• neutral: 1 100%
• negative: 0 0%

Wells Fargo Finian O'Shea 63% 1-year accuracy 22 / 35 met price target

10% downside $16

Equal-Weight Maintained

7 Nov 2024