Carlyle Secured Lending (NASDAQ:CGBD) Issues Earnings Results

Carlyle Secured Lending (NASDAQ:CGBD) announced its quarterly earnings data on Tuesday. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01, Zacks reports. Carlyle Secured Lending had a return on equity of 12.74% and a net margin of 44.19%. The business had revenue of $55.97 million during the quarter, compared to analysts’ expectations of $39.92 million. During the same quarter in the previous year, the business earned $0.52 earnings per share.

Carlyle Secured Lending Stock Up 1.0 %

Shares of Carlyle Secured Lending stock traded up $0.17 during trading on Thursday, reaching $16.58. The company’s stock had a trading volume of 301,264 shares, compared to its average volume of 210,867. 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 company has a market cap of $842.10 million, a price-to-earnings ratio of 8.37 and a beta of 1.59. Carlyle Secured Lending has a 1-year low of $14.02 and a 1-year high of $18.74. The company has a 50-day simple moving average of $17.15 and a two-hundred day simple moving average of $17.39.

Carlyle Secured Lending Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.45 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.80 annualized dividend and a yield of 10.86%. Carlyle Secured Lending’s dividend payout ratio (DPR) is presently 80.81%.

Wall Street Analyst Weigh In

Several analysts have issued reports on CGBD shares. Wells Fargo & Company cut their price target on Carlyle Secured Lending from $17.00 to $16.00 and set an “equal weight” rating for the company in a report on Thursday. 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 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.