Carlyle Secured Lending (NASDAQ:CGBD) Releases Earnings Results, Beats Expectations By $0.01 EPS

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

Carlyle Secured Lending Stock Up 1.0 %

CGBD stock opened at $16.58 on Friday. Carlyle Secured Lending has a 52-week low of $14.02 and a 52-week high of $18.74. The company’s 50 day simple moving average is $17.15 and its 200-day simple moving average is $17.39. 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 $842.10 million, a P/E ratio of 8.37 and a beta of 1.59.

Carlyle Secured Lending Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.45 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 10.86%. Carlyle Secured Lending’s dividend payout ratio is currently 80.81%.

Analysts Set New Price Targets

CGBD has been the subject of a number of recent analyst reports. Wells Fargo & Company decreased their price target on Carlyle Secured Lending from $17.00 to $16.00 and set an “equal weight” rating for the company in a research report on Thursday. JPMorgan Chase & Co. cut shares of Carlyle Secured Lending from a “neutral” rating to an “underweight” rating and set a $17.00 target price for the company. in a report on Monday, July 29th.

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.