TCG BDC

TCG BDC Inc a traded fund, invests in the US middle market companies with an EBITDA of $10 to $100 million. It targets companies operating across a broad range of sectors. The fund invests primarily in first lien senior secured and second lien senior secured loans. It also considers mezzanine loans and equity co-investments.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

TCG BDC (CGBD) reports stable Q2 earnings, anticipates merger benefits

TCG BDC (CGBD) reported solid financial performance in Q2 2024, with a focus on maintaining shareholder value through the proposed merger with CSL III. While facing challenges related to asset depreciation, the company aims to capitalize on opportunities for cost savings and NAV accretion through the merger.

TCG BDC (CGBD) reports robust Q3 performance and eyes merger benefits

TCG BDC (CGBD) delivered a strong Q3 performance with a focus on credit quality and diversification across industries.
The upcoming merger with Carlyle Secured Lending III is expected to drive scale, liquidity, and cost efficiencies for enhanced earnings.
Analysts' inquiries highlighted areas of investor interest and potential challenges that management will need to address going forward.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Carlyle Secured Lending has outperformed the S&P 500 due to its high dividend yield and consistent level of high distributions received. CGBD's portfolio of debt investments is highly diversified and focused on first lien debt, providing a layer of security. The company's financials show strong growth in net investment income and net asset value, with a healthy dividend coverage of 135%.

Carlyle Secured Lending: High Quality BDC But Trades At A Premium

Alerian MLP ETF

Apollo Global Management

Ares Capital

Ares Management

Brookfield Asset Management

Brookfield Renewable Partners

VanEck Vectors BDC Income ETF

Blackrock Inc

Brookfield Corp

Blackstone Group

Blackstone Secured Lending Fund

Carlyle Group

Global X SuperDividend US ETF

Enbridge

Enterprise Products Partners

Energy Transfer LP Unit

FS KKR Capital Corp

Goldman Sachs

Goldman Sachs BDC

JPMorgan Chase & Co

SPDR S&P Regional Banking ETF

Microsoft

High-yield stocks have underperformed recently. We discuss why. We also discuss how we have managed to outperform despite the headwinds and how we plan to continue doing so moving forward.

Very Bad News For Big Dividend Stocks

Does Carlyle Secured Lending, Inc. (CGBD) have what it takes to be a top stock pick for momentum investors? Let's find out.

Carlyle Secured Lending, Inc. (CGBD) Is Up 0.53% in One Week: What You Should Know

The private credit and BDC space has become an attractive place where yield chasing investors can deploy capital.

2 BDCs Yielding Above 11% That Have Below Average Risk Profile

Carlyle Secured Lending, Inc. (CGBD) came out with quarterly earnings of $0.54 per share, beating the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $0.50 per share a year ago.

Carlyle Secured Lending, Inc. (CGBD) Q1 Earnings and Revenues Surpass Estimates

NEW YORK, May 07, 2024 (GLOBE NEWSWIRE) -- Carlyle Secured Lending, Inc. (together with its consolidated subsidiaries, “we,” “us,” “our,” “CSL” or the “Company”) (NASDAQ: CGBD) today announced its financial results for its first quarter ended March 31, 2024.

Carlyle Secured Lending, Inc. Announces Financial Results For First Quarter Ended 2024, Declares Second Quarter 2024 Dividends of $0.47 Per Common Share

High yield investments like REITs, BDCs, and Partnerships offer the potential for high returns to investors.

I'm Adding Up To 9% Yield To Boost Cash Flow

Carlyle Secured Lending (CGBD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Carlyle Secured Lending, Inc. (CGBD) Earnings Expected to Grow: Should You Buy?

Are You Looking for a Top Momentum Pick? Why Carlyle Secured Lending, Inc. (CGBD) is a Great Choice

Carlyle Secured Lending (CGBD) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

What Makes Carlyle Secured Lending (CGBD) a New Buy Stock

Carlyle Secured Lending is a BDC providing funding to US middle market companies with a focus on first-lien debt. CGBD reported a 5.5% increase in net investment income in 2023, with a strong asset quality. The 2028 debt securities offer a yield to call of approximately 7.1-7.2% and a yield to maturity of approximately 7.75-7.8%.

Carlyle Secured Lending's 2028 Baby Bonds: An Interesting 7.1-7.8% Yield

Carlyle Secured Lending has shown strong performance, outperforming the BDC index with a YTD total return of 12.8%. Q4 2023 earnings were robust, with net investment income per share increasing by 8% and base dividend coverage surging to 140%. The company expects stability in earnings for the rest of 2024 that is supported by strong and improving credit performance of its existing portfolio.

Carlyle Secured Lending: Improving Fundamentals Warrant A Buy (Rating Upgrade)

NEW YORK, April 11, 2024 (GLOBE NEWSWIRE) -- Carlyle Secured Lending, Inc. (“Carlyle Secured Lending”) (NASDAQ: CGBD) will host a conference call at 11:00 a.m. EST on Wednesday, May 8, 2024 to announce its first quarter ended March 31, 2024 financial results. A news release containing the quarterly results will be issued after market close on Tuesday, May 7, 2024.

Carlyle Secured Lending, Inc. Schedules Earnings Release and Quarterly Earnings Call to Discuss its First Quarter Ended March 31, 2024 Financial Results

Bain Capital Specialty Finance Inc

Nuveen Floating Rate Income Fund

Blue Owl Capital Corp

WhiteHorse Finance

Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored) Are you ready for retirement?

Want $15,750 In Passive Income? Invest $30,000 In These Dividend Stocks

BlackRock Capital Investment

Morgan Stanley Direct Lending Fund

Blue Owl Capital Corp III

TCP Capital

We take a look at the BDC sector through the second week of March. BDC returns were marginally positive, with some companies significantly dragging down the average weekly return. Q4 saw a significant rise in performance divergence across the sector - an indication of a heightened level of stress by borrowers.

BDC Weekly Review: Portfolio Performance Is Diverging

Carlyle Secured Lending has re-rated to net asset value, limiting potential for further valuation upside. The business development company reported solid Q4 results, out-earning its dividend and raising it by 8%. With positive developments already reflected in the stock price, the appreciation potential is limited, leading to a Hold rating.

Carlyle Secured Lending: Full Re-Rating Makes This 10% Yielder A Hold (Downgrade)

NEW YORK, March 04, 2024 (GLOBE NEWSWIRE) -- Carlyle Secured Lending, Inc. (“CSL”) (NASDAQ: CGBD) today announced that Justin Plouffe has been named President, Chief Executive Officer (CEO), and member of the Board of Directors, effective immediately. This appointment follows the resignation of Aren LeeKong from the Company to pursue other opportunities professionally.

Carlyle Secured Lending, Inc. Names Justin Plouffe CEO and Member of the Board of Directors

Carlyle Secured Lending Inc. (CGBD) Q4 2023 Earnings Call Transcript

NEW YORK, Feb. 26, 2024 (GLOBE NEWSWIRE) -- Carlyle Secured Lending, Inc. (together with its consolidated subsidiaries, “we,” “us,” “our,” “CSL” or the “Company”) (NASDAQ: CGBD) today announced its financial results for its fourth quarter and full year ended December 31, 2023.

Carlyle Secured Lending, Inc. Announces Fourth Quarter and Full Year 2023 Financial Results, Increases Base Dividend to $0.40 Per Common Share and Declares First Quarter 2024 Dividends of $0.48 Per Common Share

NEW YORK, Jan. 23, 2024 (GLOBE NEWSWIRE) -- Carlyle Secured Lending, Inc. (“Carlyle Secured Lending”) (NASDAQ: CGBD) will host a conference call at 11:00 a.m. EST on Tuesday, February 27, 2024 to announce its fourth quarter and full year 2023 financial results, updated from 10:00 a.m. EST as part of the prior announcement. A news release containing the quarterly results will be issued after market close on Monday, February 26, 2024.

Carlyle Secured Lending, Inc. Schedules Fourth Quarter and Full Year 2023 Financial Results and Investor Conference Call

NEW YORK, Jan. 17, 2024 (GLOBE NEWSWIRE) -- Carlyle Secured Lending, Inc. (“Carlyle Secured Lending”) (NASDAQ: CGBD) will host a conference call at 10:00 a.m. EST on Tuesday, February 27, 2024 to announce its fourth quarter and full year 2023 financial results. A news release containing the quarterly results will be issued after market close on Monday, February 26, 2024.

Carlyle Secured Lending, Inc. Schedules Fourth Quarter and Full Year 2023 Financial Results and Investor Conference Call

Carlyle Secured Lending is a conventional BDC with a market cap of $785 million, focusing on US middle market companies with EBITDA between $25 to $100 million. While CGBD has a well-structured portfolio with the right focus on first lien in a diversified manner, there are some elevated risks associated with subpar performance of the underlying investments. In this article, I elaborate on the key details behind my thesis of avoiding CGBD.

Carlyle Secured Lending: Well-Structured But With Deeply Hidden Risk

New Mountain Finance

The Fed's pivot towards rate cuts raises concerns about the performance of floating-rate assets and suggests a move along the yield curve. BDC baby bonds are attractive assets due to their decent quality, fixed coupons and relatively low durations. We highlight a number of newly issued bonds by BDCs.

A Look At The New 8%+ Yielding BDC Baby Bonds

Prospect Capital

We take a look at the action in preferreds and baby bonds through the first week of December and highlight some of the key themes we are watching. Preferred stocks had a strong return of over 3% this week, pushing the sector to a 7% return for the year. BDC Prospect Capital completed a tender offer of their public preferred Series A, with low participation due to falling yields.

Preferreds Weekly Review: PSEC Sneaks In A Tender Offer For Series A

Carlyle Secured Lending focuses on secured debt investments in middle market companies with below investment grade debt. The BDC reported a net investment income of $27.1M and a net income of $29.1M for the quarter. The common shares offer a healthy dividend yield of over 11% but the 2028 debt securities could be an interesting, safer alternative.

Carlyle Secured Lending: An 11% Dividend And A 6.5-7.5% Yield On Debt

News for TCG BDC ETF (CGBD)