Carlyle Secured Lending (NASDAQ:CGBD) Reaches New 52-Week Low Following Weak Earnings

Shares of Carlyle Secured Lending, Inc. (NASDAQ:CGBD) hit a new 52-week low on Wednesday following a dissappointing earnings announcement. The stock traded as low as $10.96 and last traded at $11.1010, with a volume of 238275 shares. The stock had previously closed at $11.45.

The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.05). Carlyle Secured Lending had a return on equity of 8.56% and a net margin of 27.38%.The firm had revenue of $66.91 million for the quarter, compared to the consensus estimate of $67.26 million.

Carlyle Secured Lending Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 16th. Stockholders of record on Tuesday, March 31st will be given a $0.40 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 13.8%. Carlyle Secured Lending’s payout ratio is 135.59%.

Key Stories Impacting Carlyle Secured Lending

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)

Analysts Set New Price Targets

CGBD has been the topic of several recent analyst reports. Citigroup initiated coverage on shares of Carlyle Secured Lending in a report on Monday, December 8th. They issued a “market perform” rating on the stock. Wells Fargo & Company cut their target price on Carlyle Secured Lending from $15.00 to $14.00 and set an “overweight” rating on the stock in a research report on Thursday, November 6th. Zacks Research upgraded Carlyle Secured Lending from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 9th. B. Riley Financial upgraded Carlyle Secured Lending from a “neutral” rating to a “buy” rating and set a $13.00 price target on the stock in a report on Wednesday. Finally, JPMorgan Chase & Co. dropped their target price on shares of Carlyle Secured Lending from $12.50 to $12.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Carlyle Secured Lending currently has an average rating of “Hold” and an average price target of $13.80.

Hedge Funds Weigh In On Carlyle Secured Lending

Several large investors have recently added to or reduced their stakes in the business. Alpine Global Management LLC boosted its holdings in Carlyle Secured Lending by 82.5% during the 4th quarter. Alpine Global Management LLC now owns 457,342 shares of the company’s stock worth $5,712,000 after acquiring an additional 206,733 shares during the last quarter. Virtu Financial LLC bought a new stake in Carlyle Secured Lending in the 4th quarter valued at about $285,000. Sunbelt Securities Inc. lifted its stake in shares of Carlyle Secured Lending by 3.3% during the 4th quarter. Sunbelt Securities Inc. now owns 34,182 shares of the company’s stock valued at $427,000 after buying an additional 1,100 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in shares of Carlyle Secured Lending by 3.2% in the fourth quarter. Mackenzie Financial Corp now owns 27,466 shares of the company’s stock worth $348,000 after acquiring an additional 857 shares during the period. Finally, XTX Topco Ltd purchased a new position in Carlyle Secured Lending during the 4th quarter valued at about $1,171,000. Institutional investors own 24.51% of the company’s stock.

Carlyle Secured Lending Stock Up 1.8%

The company has a current ratio of 0.85, a quick ratio of 0.90 and a debt-to-equity ratio of 1.31. The firm has a market cap of $590.12 million, a P/E ratio of 11.35 and a beta of 0.70. The stock’s fifty day moving average is $12.31 and its two-hundred day moving average is $12.69.

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.