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CGBDCarlyle Secured Lending, Inc.Sell5.6·$11.07-0.89%
SellModerate Confidence
Investment thesis

Carlyle Secured Lending screens cheap and is rated an industry growth leader, but the stock sits in a confirmed technical downtrend, has missed earnings in two of its last three reported quarters before a recent beat, and now carries both a reached price target and a negative news-driven downgrade, so the setup needs the recovery signals to firm up before the valuation case can play out.

Thesis pillars

  • Attractive Valuation Growth LeaderStable
  • Confirmed Downtrend Early RecoveryImproving
  • Recent Earnings Miss PatternImproving
  • +1 more pillar — see the Why tab for full reasoning

Full reasoning →

Open full analysis

Carlyle Secured Lending, Inc. (CGBD) Stock Analysis

Recovery setup · Inst Constrain edge

SellVALUE-TRAP 1/5ValueGrowthShortModerate Confidence

Financial Services · Asset Management

Sell if holding. Analyst target reached at $11.07 — A.R:R is negative (-0.4) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Leverage penalty (D/E 1.2): -0.5.

Carlyle Secured Lending, Inc. is a specialty finance business development company that originates secured first- and second-lien loans to U.S. middle-market companies with roughly $25.0 million or greater of EBITDA, externally managed by an adviser affiliated with Carlyle's $211... Read more

$11.07-3.7% A.UpsideScore 5.6/10#111 of 235 Asset Management
QualityF-score6 / 9FCF yield38.42%
IncomeYield13.48%(5y avg 11.12%)Payout303.92%at-risk
Stop $10.50Target $12.76(default +15%)A.R:R -0.4:1
Analyst target$12.29+11.0%7 analysts
$12.76our TP
$11.07price
$12.29mean
$10
$14

Sell if holding. Analyst target reached at $11.07 — A.R:R is negative (-0.4) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Leverage penalty (D/E 1.2): -0.5. Chart setup: Death cross but MACD improving, RSI 73. Score 5.6/10, moderate confidence.

Passes 6/8 gates (positive momentum, clean insider activity, no SEC red flags, earnings proximity 83d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: aggressive.

TrendMatrix Research · upcoming catalyst calendar

Upcoming dated catalysts

Tue, Nov 3, 202683d to earnings· next earnings call

Thesis

Rewards
Attractive valuation
Risks
Analyst target reached - limited upside remaining
Leverage penalty (D/E 1.2): -0.5
Consecutive earnings misses (2)

Key Metrics

P/E (TTM)21.9
P/E (Fwd)8.0
Mkt Cap$769M
EV/EBITDA
Profit Mgn14.3%
ROE3.3%
Rev Growth-7.7%
Beta
Dividend13.48%
Rating analysts14

Quality Signals

Piotroski F6/9

Options Flow

P/C1.75bearish
IV63%elevated

Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.

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Methodology · Editorial policy & full disclaimer

Rating Breakdown

2 floor-breakers

Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static

Growth Rank
2.1
Quality Rank
2.1
Value Rank
5.2

Technicals below the gate floor. Component breakdown shows what dragged the score down.static

Bollinger
0.8
Support Resistance
1.7
52w Position
7.5
GatesA.R:R -0.4=NEGATIVEDeath cross (50MA < 200MA)Momentum 6.5>=5.5Insider activity: OKNo SEC red flagsEARNINGS PROXIMITY 83d clearSEMI CYCLE PEAK CLEARMATERIALS CYCLE PEAK CLEARRecoverySuitability: Aggressive
RSI
73 · Overbought
20D MA 50D MA 200D MADEATH CROSSSupport $9.95Resistance $11.33

Price Targets

$11
$13
A.Upside-3.7%
A.R:R-0.4:1

Position Sizing

ConvictionNone
Suggested %0.5%
Max %1%
RegimeSteady

Risk Alerts

! Target reached (-3.7% upside)
! Negative risk/reward — downside exceeds upside

Earnings

B
B
M
M
2/4 beats
Next Earnings2026-11-03 (83d)

Verdict History

reverse chrono — latest first
Loading history...
Verdicts are recorded on every nightly pipeline run. Rows capture transitions (verdict flips, score deltas ≥0.3, entry/TP/SL changes). Rows with a ▶ can be expanded to see the change reason. Aggregate cohort performance is tracked in the recommendation ledger.
Frequently Asked Questions
Is CGBD stock a buy right now?

Sell if holding. Analyst target reached at $11.07 — A.R:R is negative (-0.4) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Leverage penalty (D/E 1.2): -0.5. Chart setup: Death cross but MACD improving, RSI 73. Prior stop was $10.50. Score 5.6/10, moderate confidence.

What is the CGBD stock price target?

Take-profit target: $12.76 (-3.7% upside). Prior stop was $10.50. Stop-loss: $10.50.

What are the risks of investing in CGBD?

Analyst target reached - limited upside remaining; Leverage penalty (D/E 1.2): -0.5; Consecutive earnings misses (2).

Is CGBD overvalued or undervalued?

Carlyle Secured Lending, Inc. trades at a P/E of 21.9 (forward 8.0). TrendMatrix value score: 7.6/10. Verdict: Sell.

What do analysts say about CGBD?

14 analysts cover CGBD with a consensus score of 3.6/5. Average price target: $12.

What does Carlyle Secured Lending, Inc. do?Carlyle Secured Lending, Inc. is a specialty finance business development company that originates secured first- and...

Carlyle Secured Lending, Inc. is a specialty finance business development company that originates secured first- and second-lien loans to U.S. middle-market companies with roughly $25.0 million or greater of EBITDA, externally managed by an adviser affiliated with Carlyle's $211 billion Global Credit platform. The company completed its merger with Carlyle Secured Lending III in March 2025 and, as of December 31, 2025, had $1,543.7 million of outstanding indebtedness, co-investing alongside partners through joint ventures including Credit Fund, Credit Fund II, and the newly formed Structured Cr

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