Carlyle Secured Lending, Inc. (NASDAQ:CGBD - Free Report) - B. Riley dropped their FY2024 earnings per share estimates for shares of 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 of $1.98 per share for the year, down from their prior estimate 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.
Carlyle Secured Lending (NASDAQ:CGBD - Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.49 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.01. Carlyle Secured Lending had a net margin of 44.19% and a return on equity of 12.74%. The firm had revenue of $55.97 million during the quarter, compared to analyst estimates of $39.92 million. During the same period in the previous year, the business earned $0.52 EPS.
Other analysts also recently issued reports about the stock. Wells Fargo & Company lowered their price target on shares of Carlyle Secured Lending from $17.00 to $16.00 and set an "equal weight" rating for the company in a research note on Thursday. JPMorgan Chase & Co. downgraded shares of Carlyle Secured Lending from a "neutral" rating to an "underweight" rating and set a $17.00 price objective on the stock. in a research report on Monday, July 29th.
View Our Latest Stock Analysis on Carlyle Secured Lending
Shares of CGBD stock opened at $16.58 on Friday. The firm has a market cap of $842.10 million, a P/E ratio of 8.37 and a beta of 1.59. Carlyle Secured Lending has a 12-month low of $14.02 and a 12-month high of $18.74. The business has a 50-day moving average price of $17.15 and a two-hundred day moving average price of $17.39. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.05.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be paid a $0.45 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.80 annualized dividend and a dividend yield of 10.86%. Carlyle Secured Lending's payout ratio is currently 80.81%.
Several institutional investors and hedge funds have recently modified their holdings of CGBD. International Assets Investment Management LLC lifted its position in Carlyle Secured Lending by 1,597.0% in the 3rd quarter. International Assets Investment Management LLC now owns 307,581 shares of the company's stock valued at $52,200,000 after acquiring an additional 289,456 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in Carlyle Secured Lending by 4.6% in the 1st quarter. Advisors Asset Management Inc. now owns 265,325 shares of the company's stock worth $4,319,000 after purchasing an additional 11,573 shares during the period. Condor Capital Management lifted its position in shares of Carlyle Secured Lending by 16.3% during the 2nd quarter. Condor Capital Management now owns 264,311 shares of the company's stock valued at $4,689,000 after buying an additional 36,984 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Carlyle Secured Lending by 2.6% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 258,774 shares of the company's stock valued at $4,213,000 after purchasing an additional 6,527 shares in the last quarter. Finally, Raymond James & Associates boosted its holdings in Carlyle Secured Lending by 3.6% in the 2nd quarter. Raymond James & Associates now owns 126,916 shares of the company's stock worth $2,251,000 after buying an additional 4,459 shares during the period. 24.51% of the stock is currently owned by institutional investors.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Carlyle Secured Lending, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Carlyle Secured Lending wasn't on the list.
While Carlyle Secured Lending currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.