Carlyle Secured Lending, Inc. made a public disclosure
SEC 8-KRead source ↗
Carlyle Secured Lending, Inc. is a US-listed company in the asset management & custody banks industry. Its financial year ends in December.
Stock price today
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Third-party market data · may be delayed
Model estimate per share
~$17
Valuation models combined (5)
Base case. Range ~$13–$24. Weighted average of 5 models (forward price-to-earnings vs peers, residual income, justified price-to-book, price-to-book vs peers, dividend discount (two-stage)), the forward price-to-earnings vs peers counting double.
Price vs value
No Buy/Hold/Sell rating is issued: limited reported history: available models are shown without a Buy/Hold/Sell rating.
Carlyle Secured Lending, Inc. valuation: adjust assumptions and compare models →
Who’s trading
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
- Insiders4 buying, 1 selling5 purchases and 11 sales by directors and officers, last 12 monthsInsider trades
- Funds59 adding, 65 cuttingOf 14 active managers that changed their stake, 4 added; quarter to June 30, 2026Fund buyers and sellers
The Fundamentalytics view
Current signal Results well ahead of expectations: Reported earnings per share beat the analysts' consensus estimate by 11% in the quarter to 2026-06-30, the 2nd beat in the last four quarters.
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
Highlights
How we pick theseStrengths
Nothing in Carlyle Secured Lending, Inc.'s latest figures clears our strength thresholds.
Things to watch
- Results due soon. Results are expected around 3 November; the share price can move sharply on the day.
- Share dilution. Diluted shares rose 17.6% in a year.
- Missing expectations. Earnings per share fell short of the consensus estimate in 2 of the last four quarters.
Latest results
- Earnings per share
- $0.35 against an average estimate of $0.31: beat by 11.3%
- Share reaction
- +7.2% in the first session after the results on August 6, 2026, against +0.5% for the S&P 500
- Next report
- November 5, 2026; average EPS estimate $0.36
Price chart
- 1 day-1.9%
- 1 week+2.7%
- 1 month+1.1%
- This year-2.8%
- 1 year-2.5%
- 5 years+38.5%
- S&P 500 this year+11.2%
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Third-party market data · may be delayed
At a glance
Profitability
- EPS (TTM, diluted)
- $0.52
Growth
- Share count change
- +17.6%
Earnings
- Last results
- August 6, 2026
- Next results (est.)
- November 3, 2026
News & updates
Company announcements, filed results and changes that matter to shareholders.
- Announcement
- Results
Carlyle Secured Lending, Inc. reported results; made a public disclosure
SEC 8-KRead source ↗ - Announcement
Carlyle Secured Lending, Inc. made a public disclosure
SEC 8-KRead source ↗
Valuation models
We value Carlyle Secured Lending, Inc. as an asset manager, broker or exchange, with every model that fits that kind of business. Cost of equity 8.4%: the 10-year Treasury yield (4.9%) plus a beta of 0.76 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. | ~$13 ~$11–$17 | Primary model, counts double |
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | ~$16 ~$12–$21 | Included |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | ~$16 ~$15–$19 | Included |
| Price-to-book vs peers Book value per share times peers' typical (harmonic-mean) price-to-book. | ~$24 ~$25–$63 | Included |
| Dividend discount (two-stage) Dividends for five years at the growth the business can fund, then a steady payout and growth. | ~$18 ~$16–$22 | Included |
| Combined value Weighted average of the models that apply: the primary model (forward price-to-earnings vs peers) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. | ~$17 ~$13–$24 | 5 models |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Carlyle Secured Lending, Inc. with asset managers in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
Moat
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.
Forecasts and guidance
Next results: November 5, 2026, after the close. Analysts expect revenue of $63m and EPS of $0.36 (range $0.35 to $0.39) for the quarter.
Analysts' consensus
| Fiscal year | EPS | Growth | Revenue | Growth |
|---|---|---|---|---|
| Current | $1.43 | −3% | $253m | −1% |
| Next | $1.45 | +2% | $259m | +2% |
Next year's EPS estimate has moved +3.9% in 90 days, across 8 analysts.
How the EPS forecast has moved
The consensus EPS forecast for the current fiscal year is +6.5% on 90 days ago. In the last 30 days, 7 analysts raised Carlyle Secured Lending, Inc.'s forecast and 0 cut it.
Average of analysts' published estimates (third-party data).
View chart data
| Period | Current fiscal year | Next fiscal year |
|---|---|---|
| 90 days ago | $1.34 | $1.40 |
| 60 days ago | $1.42 | $1.40 |
| 30 days ago | $1.43 | $1.43 |
| 7 days ago | $1.43 | $1.43 |
| Now | $1.43 | $1.45 |
Earnings against estimates
| Quarter to | Estimate | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | $0.31 | $0.35 | +11.3% |
| Mar 2026 | $0.35 | $0.36 | +2.1% |
| Dec 2025 | $0.37 | $0.33 | −11.8% |
| Sept 2025 | $0.39 | $0.37 | −5.7% |
Adjusted EPS as companies report it, against the average analyst estimate.
Positioning
- Short interest
- 4.4% of tradable shares
- Days to cover
- 6.76 at average volume
- Short interest, 1 month
- +1% to October 15, 2026
- Held by institutions
- 41% of shares
- Held by insiders
- 0.4% of shares
Share-price performance
Market data may be delayedReturn and risk by year
| Calendar year | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 to date |
|---|---|---|---|---|---|---|
| Return | ||||||
| CGBD | +50% | +18% | +18% | +34% | −22% | −3% |
| Industry peers (median) | +33% | −17% | +19% | +15% | −4% | −6% |
| S&P 500 | +29% | −18% | +26% | +25% | +18% | +11% |
| Months that ended higher | ||||||
| CGBD | 75% | 75% | 67% | 83% | 58% | 55% |
| S&P 500 | 75% | 42% | 67% | 75% | 75% | 46% |
| Largest fall from a high during the year | ||||||
| CGBD | −8% | −19% | −14% | −12% | −32% | −17% |
| S&P 500 | −5% | −25% | −10% | −8% | −19% | −9% |
Worst fall since June 14, 2017: 71% from December 29, 2017 to March 23, 2020. Getting back needed a 246% gain, reached on March 12, 2021, 354 days after the low.
Price behaviour
- 52-week range
- $9.67 – $11.69
- From 52-week high
- −6.1%
- vs 50-day average
- +1.6%
- vs 200-day average
- +4.3%
- Volatility (1 year)
- 24%
- Beta vs S&P 500
- 0.50
Share price after results
- Next day
- 4 up, 8 down typical move ±2.6%
- After a week
- 6 up, 6 down typical move ±3.2%
- After a month
- 9 up, 3 down typical move ±4.1%
| Results released | Next day | S&P 500 next day | 5 days | 21 days |
|---|---|---|---|---|
| August 6, 2026 | +7.2% | +0.5% | +10.6% | +13.7% |
| May 11, 2026 | −2.3% | +0.1% | −5.2% | −4.7% |
| February 24, 2026 | +2.4% | +1.6% | +0.2% | +1.7% |
| November 4, 2025 | −3.9% | −0.8% | −4.4% | +2.5% |
| August 5, 2025 | −0.8% | +0.3% | +1.2% | +0.7% |
| May 6, 2025 | −4.2% | −0.4% | −0.4% | −2.4% |
| February 25, 2025 | +0.5% | −0.4% | −2.6% | −2.7% |
| November 5, 2024 | −0.4% | +3.7% | −0.7% | +5.8% |
| August 5, 2024 | −3.6% | −2.0% | −4.3% | +0.6% |
| May 7, 2024 | −0.3% | +0.1% | +2.2% | +1.8% |
| February 26, 2024 | +5.1% | −0.2% | +5.3% | +6.3% |
| November 7, 2023 | −0.6% | +0.4% | +1.9% | +5.9% |
Fundamentals
Dividends, buybacks and capital spending
- Buybacks (TTM)
- $0
- Dividends (TTM)
- $115M
- Buybacks, last 3 fiscal years
- $17.9M
- Diluted share count
- +17.6%
- year over year
- Dividend payout ratio
- 311%
- of net income paid out
Who owns it
Funds buying and selling- Reported value
- $279M
- Institutions reporting
- 141
- Shares held vs prior quarter
- ▲ 3.6%
- Positions opened / closed
- 16 / 25
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Creative Planning | $32.5M | 3.1M | 11.6% | ▼ 4.5% |
| Morgan Stanley | $29.5M | 2.8M | 10.6% | ▲ 6.2% |
| Van Eck Associates Corp | $18.4M | 1.7M | 6.6% | ▲ 33.2% |
| UBS Group AG | $14.7M | 1.4M | 5.3% | ▲ 12.8% |
| Choreo, LLC | $14.3M | 1.4M | 5.1% | ▼ 1.9% |
| Invesco Ltd. | $12.5M | 1.2M | 4.5% | ▼ 9.6% |
| Lalia Capital, LLC | $9.8M | 927K | 3.5% | New |
| Russell Investments Group, Ltd. | $9.2M | 871K | 3.3% | ▲ 48.3% |
| Muzinich & Co., Inc. | $7.8M | 741K | 2.8% | ▲ 0.5% |
| North Ground Capital | $6.5M | 616K | 2.3% | ▲ 59.0% |
| Legal & General Group PLC | $6.1M | 578K | 2.2% | ▲ 4.7% |
| Mariner, LLC | $6M | 563K | 2.1% | ▲ 2.7% |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Carlyle Secured Lending, Inc.'s complete shareholder register. Values are as reported by the filers ; 2 inconsistently scaled filing rows were excluded.
Insider trading activity
Full insider history and chart Insider purchases History → $268,491 5 trades by 4 insiders, last 12 months Insider sales History → $407,680 11 trades by 1 insider · 0% under pre-set plans
Net ▼ $139,189 net selling
| Insider | Date | Trade | Shares | Price | Value |
|---|---|---|---|---|---|
| Nestor John G. Director | August 12, 2026 | Sell | 4,979 | $11.18 | $55,660 |
| Nestor John G. Director | August 12, 2026 | Sell | 8,633 | $11.21 | $96,775 |
| Nestor John G. Director | August 12, 2026 | Sell | 87 | $11.24 | $978 |
| Nestor John G. Director | August 12, 2026 | Sell | 3,114 | $11.18 | $34,815 |
| Nestor John G. Director | June 1, 2026 | Sell | 1,617 | $10.97 | $17,738 |
| Nestor John G. Director | May 15, 2026 | Sell | 885 | $11.22 | $9,930 |
| Nestor John G. Director | May 15, 2026 | Sell | 1,720 | $11.22 | $19,298 |
| Nestor John G. Director | May 15, 2026 | Sell | 3,450 | $11.22 | $38,709 |
| Taylor Francis Treasurer | March 20, 2026 | Buy | 232 | $11.22 | $2,603 |
| Chi Alex CEO | March 9, 2026 | Buy | 9,000 | $10.79 | $97,110 |
| Nestor John G. Director | March 6, 2026 | Sell | 3,500 | $11.29 | $39,515 |
| Nestor John G. Director | March 6, 2026 | Sell | 901 | $11.28 | $10,163 |
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
Earnings dates and SEC filings
Results announcements
Next expected around November 3, 2026 estimated from the company's past filing pattern, not announced
- August 6, 2026
- May 11, 2026
- February 24, 2026
- November 4, 2025
- August 5, 2025
- May 6, 2025
Recent SEC filings
- 8-K Current report
- 10-Q Quarterly report
- 8-K Current report
- 8-K Current report
- 8-K Current report
- 8-K Current report
- 10-Q Quarterly report
- 8-K Current report
Data status
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
Carlyle Secured Lending, Inc. in brief
- What does Carlyle Secured Lending, Inc. do?
- Carlyle Secured Lending, Inc. is a US-listed company in the asset management & custody banks industry. Its financial year ends in December.
- What is Carlyle Secured Lending, Inc.'s stock ticker?
- Carlyle Secured Lending, Inc. trades under the ticker CGBD on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
- Who are Carlyle Secured Lending, Inc.'s largest institutional shareholders?
- By value reported in 13F filings for June 30, 2026, the largest reported holders are Creative Planning, Morgan Stanley and Van Eck Associates Corp. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
- Is Carlyle Secured Lending, Inc. buying back stock, and does it pay a dividend?
- Carlyle Secured Lending, Inc. spent $0 on share repurchases over the trailing twelve months, and its diluted share count still rose 17.6% over the year.
- Does Carlyle Secured Lending, Inc. pay a dividend?
- Yes: Carlyle Secured Lending, Inc. paid $115M in dividends over the trailing twelve months and a payout ratio of 311.2%.
- Are insiders buying or selling Carlyle Secured Lending, Inc. stock?
- Over the last 12 months, Carlyle Secured Lending, Inc.'s directors and officers reported 5 open-market purchases and 11 sales on Form 4. The insider trading page charts every trade.
- When is Carlyle Secured Lending, Inc.'s next earnings date?
- Around November 5, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Carlyle Secured Lending, Inc. announces its own schedule.
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