Carlyle Secured Lending (NASDAQ:CGBD) Announces Earnings Results, Beats Expectations By $0.01 EPS

Carlyle Secured Lending (NASDAQ:CGBD) issued its quarterly earnings results on Monday. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.01, Yahoo Finance reports. Carlyle Secured Lending had a net margin of 38.15% and a return on equity of 12.92%. The firm had revenue of $58.26 million for the quarter, compared to analyst estimates of $42.21 million. During the same period in the previous year, the business earned $0.52 EPS.

Carlyle Secured Lending Price Performance

Carlyle Secured Lending stock opened at $16.45 on Wednesday. The company has a market capitalization of $835.50 million, a price-to-earnings ratio of 9.53 and a beta of 1.60. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 1.07. Carlyle Secured Lending has a 12 month low of $13.31 and a 12 month high of $18.74. The stock’s 50 day moving average is $17.87 and its 200-day moving average is $16.89.

Carlyle Secured Lending Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Shareholders of record on Monday, September 30th will be issued a $0.47 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.88 annualized dividend and a yield of 11.43%. Carlyle Secured Lending’s dividend payout ratio is currently 93.57%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CGBD. Wells Fargo & Company dropped their target price on Carlyle Secured Lending from $17.00 to $16.00 and set an “equal weight” rating on the stock in a report on Tuesday. JPMorgan Chase & Co. cut Carlyle Secured Lending from a “neutral” rating to an “underweight” rating and set a $17.00 price objective on the stock. in a research note on Monday, July 29th.

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.