B. Riley Expects Lower Earnings for Carlyle Secured Lending

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) – Analysts at B. Riley cut their FY2024 EPS estimates for Carlyle Secured Lending in a note issued to investors on Thursday, November 7th. B. Riley analyst B. Rowe now anticipates that the company will post earnings per share of $1.98 for the year, down from their previous forecast of $2.04. The consensus estimate for Carlyle Secured Lending’s current full-year earnings is $1.96 per share. B. Riley also issued estimates for Carlyle Secured Lending’s Q4 2024 earnings at $0.43 EPS.

Other research analysts have also issued research reports about the stock. Wells Fargo & Company reduced their target price on shares of Carlyle Secured Lending from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Thursday. JPMorgan Chase & Co. lowered shares of Carlyle Secured Lending from a “neutral” rating to an “underweight” rating and set a $17.00 price target on the stock. in a research note on Monday, July 29th.

Carlyle Secured Lending Stock Down 0.7 %

Shares of CGBD opened at $16.47 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.11 and a quick ratio of 1.85. The company has a market capitalization of $838.49 million, a P/E ratio of 9.20 and a beta of 1.59. The business’s 50 day simple moving average is $17.14 and its 200-day simple moving average is $17.39. Carlyle Secured Lending has a one year low of $14.14 and a one year high of $18.74.

Carlyle Secured Lending (NASDAQ:CGBD) last released its earnings results on Tuesday, November 5th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. The firm had revenue of $55.97 million for the quarter, compared to analyst estimates of $39.92 million. Carlyle Secured Lending had a return on equity of 12.60% and a net margin of 40.69%. During the same quarter last year, the firm posted $0.52 EPS.

Hedge Funds Weigh In On Carlyle Secured Lending

A number of institutional investors have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Carlyle Secured Lending in the second quarter valued at about $312,000. Condor Capital Management grew its stake in Carlyle Secured Lending by 16.3% in the 2nd quarter. Condor Capital Management now owns 264,311 shares of the company’s stock valued at $4,689,000 after purchasing an additional 36,984 shares during the period. Quadrature Capital Ltd increased its holdings in Carlyle Secured Lending by 6.6% during the first quarter. Quadrature Capital Ltd now owns 41,039 shares of the company’s stock worth $668,000 after buying an additional 2,533 shares during the last quarter. Private Advisor Group LLC purchased a new stake in Carlyle Secured Lending in the third quarter worth $235,000. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Carlyle Secured Lending by 2.6% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 258,774 shares of the company’s stock worth $4,213,000 after acquiring an additional 6,527 shares during the last quarter. Institutional investors and hedge funds own 24.51% of the company’s stock.

Carlyle Secured Lending Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.80 annualized dividend and a yield of 10.93%. Carlyle Secured Lending’s dividend payout ratio is 89.39%.

About Carlyle Secured Lending

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.