Financial Services -
Asset Management - NASDAQ - US
$ 13.91
-5.82 %
$ 709 M
Market Cap
8.8
P/E
1. INTRINSIC VALUE
Balance Sheet
Carlyle Secured Lending, Inc.
| Current Assets | 89 M |
| Cash & Short-Term Investments | 56.6 M |
| Receivables | 32.4 M |
| Other Current Assets | 0 |
| Non-Current Assets | 1.81 B |
| Long-Term Investments | 1.81 B |
| PP&E | 0 |
| Other Non-Current Assets | 0 |
| Current Liabilities | 47.9 M |
| Accounts Payable | 35.1 M |
| Short-Term Debt | 0 |
| Other Current Liabilities | 12.8 M |
| Non-Current Liabilities | 0 |
| Long-Term Debt | 0 |
| Other Non-Current Liabilities | 0 |
EFFICIENCY
Earnings Waterfall
Carlyle Secured Lending, Inc.
| Revenue | 233 M |
| Cost Of Revenue | 0 |
| Gross Profit | 233 M |
| Operating Expenses | 6.96 M |
| Operating Income | 226 M |
| Other Expenses | 137 M |
| Net Income | 89 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Carlyle Secured Lending, Inc.
| Net Income | 89 M |
| Depreciation & Amortization | 3.49 M |
| Capital Expenditures | 0 |
| Stock-Based Compensation | 0 |
| Change in Working Capital | 8.82 M |
| Others | 10.5 M |
| Free Cash Flow | 104 M |
Wall Street Analysts Price Targets
Carlyle Secured Lending, Inc.
Wall Street analysts predict an average 1-year price target for CGBD of $16 , with forecasts ranging from
a
low of
$16 to a high of $16 .
CGBD Lowest Price Target
Wall Street Target
16 USD
15.03%
CGBD Average Price Target
Wall Street Target
16 USD
15.03%
CGBD Highest Price Target
Wall Street Target
16 USD
15.03%
4. DIVIDEND
ANALYSIS
2.61%
DIVIDEND YIELD
0.45 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Carlyle Secured Lending, Inc.
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
64.3 K USD 1
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
1.14 M USD 1
3-6 MONTHS
80.7 K USD 1
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
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.
seekingalpha.com
- 1 week 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.
seekingalpha.com
- 2 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.
zacks.com
- 2 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.
globenewswire.com
- 2 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.
globenewswire.com
- 3 weeks 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.
seekingalpha.com
- 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.
seekingalpha.com
- 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.
seekingalpha.com
- 1 month ago
Carlyle Secured Lending, Inc. (CGBD) Q4 Earnings and Revenues Beat Estimates
Carlyle Secured Lending, Inc. (CGBD) came out with quarterly earnings of $0.47 per share, beating the Zacks Consensus Estimate of $0.44 per share. This compares to earnings of $0.56 per share a year ago.
zacks.com
- 1 month ago
Carlyle Secured Lending, Inc. Announces Financial Results For Fourth Quarter and Full Year Ended December 31, 2024, Declares First Quarter 2025 Dividends of $0.45 Per Common Share Inclusive of the Supplemental Dividend
NEW YORK, Feb. 25, 2025 (GLOBE NEWSWIRE) -- Carlyle Secured Lending, Inc. (together with its consolidated subsidiaries, “we,” “us,” “our,” “CGBD” or the “Company”) (NASDAQ: CGBD) today announced its financial results for its fourth quarter and full year ended December 31, 2024. Justin Plouffe, CGBD's Chief Executive Officer said, “CGBD produced a strong finish to 2024 with portfolio growth driven by fourth quarter net investment activity. Net investment income remained comfortably above our base dividend and consistent with the prior quarter, despite tightening market spreads and continued repricing activity. We are very pleased with our performance throughout the fourth quarter and 2024 broadly, and we look forward to building on this performance throughout 2025.”
globenewswire.com
- 1 month ago
BDC Weekly Review: Few Worries About MSDL Share Cap Raise
We take a look at the action in business development companies through the second week of February and highlight some of the key themes we are watching. BDCs saw a strong 2% gain, driven by solid earnings and hot inflation numbers, with CGBD underperforming due to a BOA rating cut. Morgan Stanley Direct Lending Fund seeks shareholder approval to increase shares significantly, a common practice among BDCs with minimal dilution concerns.
seekingalpha.com
- 1 month ago
Will Carlyle Secured Lending (CGBD) Beat Estimates Again in Its Next Earnings Report?
Carlyle Secured Lending (CGBD) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
zacks.com
- 2 months ago
8. Profile
Summary
Carlyle Secured Lending, Inc. CGBD
COUNTRY
US
INDUSTRY
Asset Management
MARKET CAP
$ 709 M
Dividend Yield
2.61%
Description
TCG BDC, 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.
Contact
One Vanderbilt Avenue, New York, NY, 10017
https://www.tcgbdc.com
IPO
Date
June 14, 2017
Employees
None
Officers
Mr. Nelson Joseph
Principal Accounting Officer & Treasurer
Mr. Daniel Hahn C.F.A.
Managing Director of Global Credit for Illiquid Credit
Mr. Thomas M. Hennigan
Chief Financial Officer & Chief Risk Officer
Mr. Joshua A. Lefkowitz J.D.
Chief Compliance Officer & Secretary
Ms. Allison Rudary
Head, Investor Relations
Mr. Justin V. Plouffe CFA, J.D.
Chief Executive Officer, President & Interested Director
Mr. Mark David Jenkins
MD, Head of Carlyle Global Credit & Interested Director
Mr. Nishil Mehta
Head of Shareholder Relations
Mr. Joseph Kurche
Associate
Mr. Michael Hadley
Chief Investment Officer, Vice President & Head of Underwriting