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 7,419 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
$15.50
5%
upside
High target
$17
15%
upside
2 analyst ratings
0 positive
0%
1 neutral
50%
1 negative
50%
JP Morgan Melissa Wedel 53% 1-year accuracy 10 / 19 met price target | 5%downside $14 | Underweight Maintained | 24 Apr 2025 |
Wells Fargo Finian O'Shea 48% 1-year accuracy 21 / 44 met price target | 15%upside $17 | Equal-Weight Maintained | 29 Jan 2025 |
Financial journalist opinion
Based on 6 articles about CGBD published over the past 30 days
Positive
Seeking Alpha
1 day 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
2 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
3 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
4 weeks 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
4 weeks 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
4 weeks 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.
Positive
Seeking Alpha
1 month ago
Carlyle Secured Lending: 9.2% Yield & Merger Benefits Make Them Attractive
Carlyle Secured Lending's high yield, solid fundamentals, and small premium to net asset value make it a worthy investment for income-oriented investors. Despite missing Q3 earnings estimates, Carlyle Secured Lending remains attractive due to its high-yield and robust balance sheet. The BDC sector stands to benefit if interest rates are cut or if inflation surges, making high-yield investments appealing.
Neutral
Seeking Alpha
1 month ago
Carlyle Secured Lending Inc. (CGBD) Q4 2024 Earnings Call Transcript
Carlyle Secured Lending Inc. (NASDAQ:CGBD ) Q4 2024 Earnings Conference Call February 26, 2025 11:00 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 - Wells Fargo Melissa Weddle - JPMorgan Derek Hewett - Bank of America Operator Good day and thank you for standing by. Welcome to the Carlyle Secured Lending Inc. Fourth Quarter 2024 Earnings Call.
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