Carlyle Secured Lending, Inc. (NASDAQ:CGBD – Free Report) – Analysts at B. Riley raised their Q3 2023 earnings estimates for Carlyle Secured Lending in a research note issued to investors on Thursday, August 10th. B. Riley analyst B. Rowe now expects that the company will earn $0.53 per share for the quarter, up from their prior estimate of $0.51. B. Riley currently has a “Neutral” rating and a $16.00 target price on the stock. The consensus estimate for Carlyle Secured Lending’s current full-year earnings is $2.04 per share. B. Riley also issued estimates for Carlyle Secured Lending’s Q4 2023 earnings at $0.54 EPS, FY2023 earnings at $2.10 EPS, Q1 2024 earnings at $0.52 EPS, Q2 2024 earnings at $0.52 EPS, Q3 2024 earnings at $0.52 EPS, Q4 2024 earnings at $0.53 EPS and FY2024 earnings at $2.09 EPS.
CGBD has been the topic of several other research reports. Citigroup upped their price target on shares of Carlyle Secured Lending from $15.00 to $16.00 and gave the company a “buy” rating in a report on Friday. TheStreet raised shares of Carlyle Secured Lending from a “c+” rating to a “b” rating in a research note on Thursday, June 1st. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $15.25.
Carlyle Secured Lending Stock Down 0.5 %
Shares of NASDAQ CGBD opened at $15.09 on Friday. Carlyle Secured Lending has a 12-month low of $11.23 and a 12-month high of $15.89. The company has a market capitalization of $766.42 million, a PE ratio of 9.93 and a beta of 1.64. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.18 and a quick ratio of 0.96. The firm’s 50-day moving average is $14.98 and its two-hundred day moving average is $14.46.
Carlyle Secured Lending (NASDAQ:CGBD – Get Free Report) last announced its quarterly earnings results on Tuesday, May 9th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.01. Carlyle Secured Lending had a net margin of 40.73% and a return on equity of 13.76%. The company had revenue of $41.60 million for the quarter, compared to the consensus estimate of $42.02 million.
Carlyle Secured Lending Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 17th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 11.66%. The ex-dividend date of this dividend is Thursday, September 28th. Carlyle Secured Lending’s dividend payout ratio is currently 97.37%.
Insiders Place Their Bets
In other Carlyle Secured Lending news, CEO Aren C. Leekong acquired 3,394 shares of the company’s stock in a transaction dated Friday, June 9th. The stock was bought at an average price of $14.74 per share, with a total value of $50,027.56. Following the completion of the transaction, the chief executive officer now directly owns 25,156 shares of the company’s stock, valued at $370,799.44. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Carlyle Secured Lending news, CEO Aren C. Leekong acquired 3,394 shares of the company’s stock in a transaction dated Friday, June 9th. The stock was bought at an average price of $14.74 per share, with a total value of $50,027.56. Following the completion of the transaction, the chief executive officer now directly owns 25,156 shares of the company’s stock, valued at $370,799.44. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Thomas M. Hennigan purchased 3,900 shares of the stock in a transaction that occurred on Thursday, May 18th. The shares were purchased at an average cost of $13.39 per share, with a total value of $52,221.00. Following the completion of the acquisition, the chief financial officer now owns 73,909 shares in the company, valued at approximately $989,641.51. The disclosure for this purchase can be found here. Insiders have purchased a total of 10,208 shares of company stock valued at $141,955 over the last quarter. Company insiders own 0.46% of the company’s stock.
Institutional Investors Weigh In On Carlyle Secured Lending
A number of large investors have recently added to or reduced their stakes in the company. Guggenheim Capital LLC grew its holdings in Carlyle Secured Lending by 28.3% during the 2nd quarter. Guggenheim Capital LLC now owns 12,972 shares of the company’s stock worth $189,000 after acquiring an additional 2,865 shares in the last quarter. Northern Trust Corp grew its holdings in Carlyle Secured Lending by 160.2% during the 2nd quarter. Northern Trust Corp now owns 39,645 shares of the company’s stock worth $577,000 after acquiring an additional 24,410 shares in the last quarter. ExodusPoint Capital Management LP acquired a new position in Carlyle Secured Lending during the 2nd quarter worth $275,000. Osaic Holdings Inc. grew its holdings in Carlyle Secured Lending by 30.0% during the 2nd quarter. Osaic Holdings Inc. now owns 49,201 shares of the company’s stock worth $717,000 after acquiring an additional 11,361 shares in the last quarter. Finally, Great West Life Assurance Co. Can grew its holdings in Carlyle Secured Lending by 4.4% during the 2nd quarter. Great West Life Assurance Co. Can now owns 48,259 shares of the company’s stock worth $707,000 after acquiring an additional 2,050 shares in the last quarter. 21.39% of the stock is owned by institutional investors and hedge funds.
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.
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