Carlyle Secured Lending, Inc. Expected to Post Q3 2024 Earnings of $0.48 Per Share (NASDAQ:CGBD)

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) – Equities researchers at B. Riley lowered their Q3 2024 earnings estimates for shares of Carlyle Secured Lending in a report issued on Tuesday, August 6th. B. Riley analyst B. Rowe now forecasts that the company will earn $0.48 per share for the quarter, down from their prior forecast of $0.53. The consensus estimate for Carlyle Secured Lending’s current full-year earnings is $2.05 per share. B. Riley also issued estimates for Carlyle Secured Lending’s Q4 2024 earnings at $0.51 EPS, FY2024 earnings at $2.04 EPS, Q1 2025 earnings at $0.49 EPS, Q2 2025 earnings at $0.46 EPS, Q3 2025 earnings at $0.47 EPS, Q4 2025 earnings at $0.46 EPS and FY2025 earnings at $1.88 EPS.

A number of other equities research analysts also recently commented on CGBD. JPMorgan Chase & Co. downgraded shares of Carlyle Secured Lending from a “neutral” rating to an “underweight” rating and set a $17.00 price objective on the stock. in a research report on Monday, July 29th. Wells Fargo & Company dropped their price objective on shares of Carlyle Secured Lending from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Tuesday.

Carlyle Secured Lending Price Performance

Carlyle Secured Lending stock opened at $16.27 on Wednesday. The firm has a market cap of $826.43 million, a PE ratio of 9.51 and a beta of 1.60. Carlyle Secured Lending has a 52-week low of $13.31 and a 52-week high of $18.74. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 1.07. The company’s 50 day moving average is $17.81 and its two-hundred day moving average is $16.88.

Carlyle Secured Lending (NASDAQ:CGBD) last released its earnings results on Monday, August 5th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.01. The company had revenue of $58.26 million for the quarter, compared to analyst estimates of $42.21 million. Carlyle Secured Lending had a net margin of 38.15% and a return on equity of 12.92%. During the same period in the prior year, the business earned $0.52 EPS.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CGBD. International Assets Investment Management LLC grew its position in shares of Carlyle Secured Lending by 327.2% in the 4th quarter. International Assets Investment Management LLC now owns 271,150 shares of the company’s stock valued at $40,560,000 after buying an additional 207,685 shares during the last quarter. Raymond James & Associates grew its position in shares of Carlyle Secured Lending by 80.8% in the 4th quarter. Raymond James & Associates now owns 131,643 shares of the company’s stock valued at $1,969,000 after buying an additional 58,841 shares during the last quarter. Bright Futures Wealth Management LLC. purchased a new position in shares of Carlyle Secured Lending in the 1st quarter valued at $873,000. Hennion & Walsh Asset Management Inc. grew its position in shares of Carlyle Secured Lending by 166.6% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 81,929 shares of the company’s stock valued at $1,334,000 after buying an additional 51,201 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new position in shares of Carlyle Secured Lending in the 4th quarter valued at $576,000. 24.51% of the stock is owned by hedge funds and other institutional investors.

Carlyle Secured Lending Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Monday, September 30th will be given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 11.56%. The ex-dividend date of this dividend is Monday, September 30th. Carlyle Secured Lending’s dividend payout ratio is presently 93.57%.

Carlyle Secured Lending Company Profile

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.