Profile
Sector:
Financial ServicesIndustry:
Asset ManagementCountry:
United StatesIPO:
14 June 2017Website:
http://carlylesecuredlending.comNext earnings report:
05 November 2024Last dividends:
30 September 2024Next dividends:
N/APrice
after hours | Fri, 01 Nov 2024 20:01:56 GMTAnalysts recommendations
Institutional Ownership
CGBD Latest News
The recent BDC market dynamics indicate that quality will play an important role over the foreseeable future. Looking at the recent quarterly earnings data that have been published by many BDCs, we can see a clear divergence between high quality and aggressive BDCs. In this article, I elaborate on two BDCs that have become more attractive for investors, who prioritize defensive and predictable yield.
Carlyle Secured Lending's (CGBD) merger with CSL III is projected to offer significant value and advantages to investors in the short term and over the long run.
Carlyle Secured Lending, Inc. (CGBD) came out with quarterly earnings of $0.51 per share, beating the Zacks Consensus Estimate of $0.50 per share. This compares to earnings of $0.52 per share a year ago.
Carlyle Secured Lending is a BDC that offers funding to middle market companies in the US, primarily through first-lien debt. CGBD saw a 5.5% rise in net investment income in 2023, with solid asset quality. The 2028 debt securities have a yield to call of around 7.1-7.2% and a yield to maturity of approximately 7.75-7.8%.
Carlyle Secured Lending has demonstrated strong performance, surpassing the BDC index with a year-to-date total return of 12.8%. Q4 2023 earnings were impressive, with net investment income per share rising by 8% and base dividend coverage increasing to 140%. The company anticipates steady earnings for the remainder of 2024 due to the strong and improving credit performance of its current portfolio.
Carlyle Secured Lending has re-rated to net asset value, limiting potential for further valuation upside. The business development company reported solid Q4 results, out-earning its dividend and raising it by 8%. With positive developments already reflected in the stock price, the appreciation potential is limited, leading to a Hold rating.
NEW YORK, Jan. 23, 2024 (GLOBE NEWSWIRE) -- Carlyle Secured Lending, Inc. (“Carlyle Secured Lending”) (NASDAQ: CGBD) will host a conference call at 11:00 a.m. EST on Tuesday, February 27, 2024 to announce its fourth quarter and full year 2023 financial results, updated from 10:00 a.m. EST as part of the prior announcement. A news release containing the quarterly results will be issued after market close on Monday, February 26, 2024.
NEW YORK, Jan. 17, 2024 (GLOBE NEWSWIRE) -- Carlyle Secured Lending, Inc. (“Carlyle Secured Lending”) (NASDAQ: CGBD) will host a conference call at 10:00 a.m. EST on Tuesday, February 27, 2024 to announce its fourth quarter and full year 2023 financial results. A news release containing the quarterly results will be issued after market close on Monday, February 26, 2024.
Carlyle Secured Lending is a conventional BDC with a market cap of $785 million, focusing on US middle market companies with EBITDA between $25 to $100 million. While CGBD has a well-structured portfolio with the right focus on first lien in a diversified manner, there are some elevated risks associated with subpar performance of the underlying investments. In this article, I elaborate on the key details behind my thesis of avoiding CGBD.
We take a look at the action in preferreds and baby bonds through the first week of December and highlight some of the key themes we are watching. Preferred stocks had a strong return of over 3% this week, pushing the sector to a 7% return for the year. BDC Prospect Capital completed a tender offer of their public preferred Series A, with low participation due to falling yields.
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What type of business is Carlyle Secured Lending?
Carlyle Secured Lending, Inc. is business development company specializing in first lien debt, senior secured loans, second lien senior secured loan unsecured debt, mezzanine debt and investments in equities. It specializes in directly investing. It specializes in middle market. It targets healthcare and pharmaceutical, aerospace and defense, high tech industries, business services, software, beverage food and tobacco, hotel gamming and leisure, banking finance insurance and in real estate sector. The fund seeks to invest across United States of America, Luxembourg, Cayman Islands, Cyprus, and United Kingdom. It invests in companies with EBITDA between $25 million and $100 million.
What sector is Carlyle Secured Lending in?
Carlyle Secured Lending is in the Financial Services sector
What industry is Carlyle Secured Lending in?
Carlyle Secured Lending is in the Asset Management industry
What country is Carlyle Secured Lending from?
Carlyle Secured Lending is headquartered in United States
When did Carlyle Secured Lending go public?
Carlyle Secured Lending initial public offering (IPO) was on 14 June 2017
What is Carlyle Secured Lending website?
https://carlylesecuredlending.com
Is Carlyle Secured Lending in the S&P 500?
No, Carlyle Secured Lending is not included in the S&P 500 index
Is Carlyle Secured Lending in the NASDAQ 100?
No, Carlyle Secured Lending is not included in the NASDAQ 100 index
Is Carlyle Secured Lending in the Dow Jones?
No, Carlyle Secured Lending is not included in the Dow Jones index
When was Carlyle Secured Lending the previous earnings report?
No data
When does Carlyle Secured Lending earnings report?
The next expected earnings date for Carlyle Secured Lending is 05 November 2024