Carlyle Secured Lending (NASDAQ:CGBD) Raised to Buy at B. Riley Financial

Carlyle Secured Lending (NASDAQ:CGBD) was upgraded by analysts at B. Riley Financial from a “neutral” rating to a “buy” rating in a report issued on Wednesday, MarketBeat reports. The brokerage currently has a $13.00 price objective on the stock. B. Riley Financial’s target price points to a potential upside of 12.26% from the stock’s previous close.

Other analysts also recently issued reports about the company. JPMorgan Chase & Co. lowered their price target on Carlyle Secured Lending from $12.50 to $12.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. Wells Fargo & Company lowered their target price on Carlyle Secured Lending from $15.00 to $14.00 and set an “overweight” rating for the company in a research note on Thursday, November 6th. Citigroup started coverage on Carlyle Secured Lending in a report on Monday, December 8th. They set a “market perform” rating on the stock. Zacks Research upgraded Carlyle Secured Lending from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 9th. Finally, Citizens Jmp initiated coverage on shares of Carlyle Secured Lending in a research report on Monday, December 8th. They issued a “market perform” rating for the company. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $13.80.

Carlyle Secured Lending Price Performance

CGBD opened at $11.58 on Wednesday. Carlyle Secured Lending has a 52-week low of $10.87 and a 52-week high of $17.95. The company has a 50 day moving average of $12.31 and a two-hundred day moving average of $12.69. The company has a market cap of $590.12 million, a P/E ratio of 11.35 and a beta of 0.70. The company has a quick ratio of 0.90, a current ratio of 0.85 and a debt-to-equity ratio of 1.31.

Carlyle Secured Lending (NASDAQ:CGBD) last issued its earnings results on Tuesday, February 24th. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.05). The business had revenue of $66.91 million during the quarter, compared to analysts’ expectations of $67.26 million. Carlyle Secured Lending had a net margin of 27.38% and a return on equity of 8.56%. On average, analysts expect that Carlyle Secured Lending will post 1.97 earnings per share for the current year.

Institutional Trading of Carlyle Secured Lending

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Choreo LLC bought a new position in Carlyle Secured Lending during the 2nd quarter valued at $20,529,000. Rivernorth Capital Management LLC raised its stake in shares of Carlyle Secured Lending by 58.2% in the 4th quarter. Rivernorth Capital Management LLC now owns 1,900,728 shares of the company’s stock valued at $23,740,000 after purchasing an additional 699,586 shares in the last quarter. Cliffwater LLC bought a new position in shares of Carlyle Secured Lending during the second quarter worth about $7,505,000. Toronto Dominion Bank bought a new position in shares of Carlyle Secured Lending during the fourth quarter worth about $6,245,000. Finally, Two Sigma Investments LP grew its stake in Carlyle Secured Lending by 199.4% in the third quarter. Two Sigma Investments LP now owns 727,570 shares of the company’s stock worth $9,095,000 after purchasing an additional 484,581 shares in the last quarter. Institutional investors own 24.51% of the company’s stock.

Carlyle Secured Lending News Summary

Here are the key news stories impacting Carlyle Secured Lending this week:

• Positive Sentiment: Carlyle outlined a new joint venture and launched a $300 million share repurchase program, citing record originations — a move that directly supports shareholder value and likely boosted the stock. Carlyle Secured Lending outlines new joint venture and $300M share repurchase program amid record originations
• Positive Sentiment: B. Riley upgraded CGBD from Neutral to Buy and set a $13 price target, providing fresh analyst support that can attract buyers. Carlyle Secured Lending raised to Buy at B. Riley Securities after Q4 earnings
• Positive Sentiment: The company declared a $0.40 quarterly dividend (14.1% yield annualized) with an ex-dividend date of March 31 — supportive for income-focused investors. Carlyle Secured Lending, Inc. Announces Financial Results … Declares First-Quarter 2026 Dividend
• Neutral Sentiment: Management released the Q4 earnings presentation and full earnings-call transcript — useful for detail on credit performance, portfolio composition, and JV specifics but not new market-moving facts by themselves. Carlyle Secured Lending Inc. 2025 Q4 – Results – Earnings Call Presentation Carlyle Secured Lending Inc. (CGBD) Q4 2025 Earnings Call Transcript
• Negative Sentiment: Q4 results missed estimates: EPS $0.33 vs. $0.38 expected and revenue slightly below forecasts — a near-term earnings headwind. Carlyle Secured Lending, Inc. (CGBD) Q4 Earnings and Revenues Miss Estimates
• Negative Sentiment: Short interest rose materially in early February to ~1.13M shares (up ~28.7%), about 2.2% of float with ~1.8 days-to-cover — increased shorting could add volatility and selling pressure. (Data reported 2/25)

About Carlyle Secured Lending

Carlyle Secured Lending, Inc (NASDAQ: CGBD) is a closed-end, non-diversified business development company that provides customized debt financing solutions to middle-market companies. Chartered under the Investment Company Act of 1940, the company invests primarily in floating-rate senior secured loans, including first-lien, unitranche and one-stop structures. Its objective is to generate current income and capital appreciation through disciplined credit selection and active portfolio management.

The firm focuses on U.S.