2024-04-17 13:52:52 ET
Summary
- 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.
- Based on these dynamics and the strengthening of a higher for longer scenario create a sufficient basis now to go long CGBD.
January this year, I wrote an article about Carlyle Secured Lending ( CGBD ) , which is a relatively small sized BDC with a focus on traditional and already established businesses....
Read the full article on Seeking Alpha
For further details see:
Carlyle Secured Lending: Improving Fundamentals Warrant A Buy (Rating Upgrade)