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

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

Carlyle Secured Lending Trading Up 2.1 %

CGBD traded up $0.35 during mid-day trading on Thursday, hitting $16.76. The stock had a trading volume of 43,670 shares, compared to its average volume of 209,673. The stock’s fifty day simple moving average is $17.16 and its 200-day simple moving average is $17.40. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.85 and a quick ratio of 1.85. The firm has a market capitalization of $851.32 million, a price-to-earnings ratio of 8.29 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.

Carlyle Secured Lending Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be issued a $0.45 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.80 annualized dividend and a yield of 10.74%. Carlyle Secured Lending’s dividend payout ratio (DPR) is presently 80.81%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on CGBD shares. JPMorgan Chase & Co. lowered 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 report on Monday, July 29th. Wells Fargo & Company increased their price objective on shares of Carlyle Secured Lending from $16.00 to $17.00 and gave the company an “equal weight” rating in a report on Tuesday, October 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.