Carlyle Secured Lending, Inc.·Financial Services

Currently, BDCs provide very high-yield opportunities. The fact that additional interest rate cuts are unlikely to happen this year should theoretically support the existing levels. Yet for most BDCs, the damage has already been done.

Carlyle Secured Lending (NASDAQ: CGBD - Get Free Report) and OFS Capital (NASDAQ: OFS - Get Free Report) are both small-cap finance companies, but which is the superior business? We will contrast the two businesses based on the strength of their valuation, profitability, analyst recommendations, institutional ownership, earnings, dividends and risk. Profitability This table compares Carlyle Secured

Carlyle Secured Lending Inc. trades at a 34% discount to NAV, reflecting sector-wide BDC concerns as well as dividend risk. CGBD's portfolio grew 37% year-over-year in Q4'25, driven by record organic loan origination as well as a 2024 merger with another investment company. The firm's net investment income per share declined ~30% year-over-year in Q4 '25, resulting in a CGBD dividend coverage ratio drop to 82.5%. A dividend cut is therefore likely.

Baltic International USA (OTCMKTS:BISA - Get Free Report) and Carlyle Secured Lending (NASDAQ: CGBD - Get Free Report) are both finance companies, but which is the better stock? We will compare the two companies based on the strength of their profitability, institutional ownership, valuation, earnings, dividends, analyst recommendations and risk. Earnings and Valuation This table compares

Shares of Carlyle Secured Lending, Inc. (NASDAQ: CGBD - Get Free Report) have earned an average recommendation of "Hold" from the eight ratings firms that are presently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1

Carlyle Secured Lending (CGBD) remains a 'hold' as I anticipate further underperformance due to macro headwinds and likely dividend pressure. CGBD's net investment income has declined for two consecutive quarters, now insufficient to cover the base dividend, with coverage dropping to 82.5%. While CGBD's 0.68x P/NAV and 14% yield are attractive, high floating-rate exposure and sector risks threaten portfolio yields amid expected rate cuts.
TCG BDC, 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. The fund seeks to invest across United States of America, Luxembourg, Cayman Islands, Cyprus, and United Kingdom. It invests in companies with EBITDA between $25 million and $100 million.
Financial Services
Asset Management
2,300
2017-06-14
0.71