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

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) – Investment analysts at B. Riley decreased their Q3 2024 earnings per share (EPS) estimates for Carlyle Secured Lending in a report released on Tuesday, August 6th. B. Riley analyst B. Rowe now anticipates that the company will post earnings per share of $0.48 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.

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

A number of other research firms have also commented on CGBD. JPMorgan Chase & Co. lowered Carlyle Secured Lending from a “neutral” rating to an “underweight” rating and set a $17.00 price target for the company. in a report on Monday, July 29th. Wells Fargo & Company lowered their price objective on 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. Carlyle Secured Lending has a one year low of $13.31 and a one year high of $18.74. The business has a fifty day moving average price of $17.81 and a 200-day moving average price of $16.88. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.45 and a quick ratio of 1.45. The firm has a market capitalization of $826.43 million, a P/E ratio of 9.51 and a beta of 1.60.

Institutional Investors Weigh In On Carlyle Secured Lending

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Raymond James & Associates raised its position in Carlyle Secured Lending by 80.8% during the fourth quarter. Raymond James & Associates now owns 131,643 shares of the company’s stock valued at $1,969,000 after purchasing an additional 58,841 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Carlyle Secured Lending by 166.6% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 81,929 shares of the company’s stock worth $1,334,000 after buying an additional 51,201 shares during the period. Quadrature Capital Ltd purchased a new position in shares of Carlyle Secured Lending in the fourth quarter worth about $576,000. FineMark National Bank & Trust increased its holdings in shares of Carlyle Secured Lending by 3.1% in the fourth quarter. FineMark National Bank & Trust now owns 41,624 shares of the company’s stock worth $623,000 after buying an additional 1,243 shares during the period. Finally, International Assets Investment Management LLC increased its holdings in shares of Carlyle Secured Lending by 327.2% in the fourth quarter. International Assets Investment Management LLC now owns 271,150 shares of the company’s stock worth $40,560,000 after buying an additional 207,685 shares during the period. Hedge funds and other institutional investors own 24.51% of the company’s stock.

Carlyle Secured Lending Announces Dividend

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