Carlyle Secured Lending, Inc. Common Stock(CGBD)
Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership.
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
CGBD
$10.01
—
Snapshot
$10.01
- 52-Week Range
- $9.99 – $14.32
- YTD
- -20.24%
- IV Rank (30D)
- 63.67
- Straddle Price
- $0.60
- P/C Vol Ratio
- 0.23
- Market Cap
- $0.7B
Fair Value
MODEL: LONG
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 4.60% |
| Beta vs SPY | 1.00 |
| Cost of Equity (CAPM) | 10.10% (VRP-adj) |
| WACC | 7.34% |
| Volatility Risk Premium | +114.7pp (IV − HV30), ERP adj +50bps |
| Effective Tax Rate | 3.1% |
| Rev. Growth (YoY, DCF input) | +3.0% |
| DCF Horizon | 5 years explicit + fade |
| Forward Tilt (NTM/TTM) | ×1.03 (applied to P/E, EV/EBITDA, P/S) |
| Free Cash Flow (TTM) | $-0.3B |
| Return on Equity (TTM) | 4.5% |
| Book / Price | 151.5% — banking bias active (P/B is primary) |
| Debt / Equity | 1.24 |
| Quality Score | 0/6 — cyclical/struggling (5y DCF) |
| SMA 50 | $10.77 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $10.55 |
| Bollinger Width / SMA20 | 64.7% (drives anchor stability) |
| Net Debt | $1.3B |
| Market Cap | $1B |
Peers used for multiples: ARCC, BXSL, FSK, MAIN, OBDC
(filtered from 8 ETF-co-members; sector bias active)
Model Conviction
21%
20-Day Fair Value
≈ by Aug 21, 2026
$10.25
α +2.4%
rank 81%
40-Day Fair Value
≈ by Sep 21, 2026
$10.18
α +1.7%
rank 91%
60-Day Fair Value
≈ by Oct 20, 2026
$10.26
α +2.5%
rank 94%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | n/a | 0% | |
| DDM (Gordon) | $22.49 | 56% | |
| Peer P/E | $8.89 | 17% | median 12.3× · 4 peers |
| Peer EV/EBITDA | n/a | 0% | median 14.6× · 4 peers |
| Peer P/B | $14.38 | 27% | median 0.9× · 5 peers |
| Peer P/S | n/a | 0% | median 4.5× · 4 peers |
| Market Anchor (SMA50) | $10.77 | 0% | stability 0% (BB-width) |
| Options Expected (B-L 30d) | n/a | 0% |
As of 2026-07-23 · updated
Info
- Exchange
- XNAS
- Market Cap
- $0.7B
Carlyle Secured Lending Inc is a specialty finance company that is a closed-end, externally managed, non-diversified management investment company. It focuses on providing directly originated, financing solutions across the capital structure, with a focus on senior secured lending to middle-market companies located in the United States. The company's investment objective is to generate current income and capital appreciation through debt investments in U.S. middle-market companies.
Summary
—
composite
—
No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
| Month | Avg Return | Years of Data |
|---|---|---|
| Jan | +1.44% | 6 |
| Feb | +0.14% | 6 |
| Mar | -3.51% | 6 |
| Apr | +0.93% | 6 |
| May | -1.08% | 6 |
| Jun | -2.47% | 6 |
| Jul | +1.51% | 6 |
| Aug | +0.45% | 5 |
| Sep | -4.77% | 5 |
| Oct | +2.46% | 5 |
| Nov | +3.68% | 5 |
| Dec | +0.02% | 5 |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $10.53
SMA 50: $10.74
SMA 200: $11.69
Current: $10.01
EMA 12: $10.41
EMA 26: $10.56
MACD: -0.1465 | Signal: -0.0276
BEARISH
ADX (14): 16.16
RANGE
+DI: 15.31
−DI: 29.33
Momentum Oscillators
RSI (14): 35.13
NEUTRAL
Stoch %K: 10.96
Stoch %D: 15.09
Williams %R: -98.45
Volume & Volatility
BB Upper: $10.96
BB Lower: $10.10
OVERSOLD
OBV: -20,635,885
Vol SMA 20: 635,862
Vol ROC: 347.42%
ATR: $0.27
True Range: $0.38
HV 20: 29.4%
HV 30: 26.4%
HV 60: 25.2%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-07-25T00:00:00 – 2026-07-23T00:00:00
AI Analysis
Choose Frenzy-Fast™ for quick analysis or Frenzy-Pro™ for comprehensive analysis.
Analysis includes technical indicators, news sentiment, risk assessment, and specific price levels to watch.
News
Earnings History
7 of 7 under expected move
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2024-08-05 | After-Close | 17.51% | 0.12% | 0.01x | Within |
| 2024-11-05 | Pre-Market | 6.83% | 2.31% | 0.34x | Within |
| 2025-02-25 | After-Close | 11.96% | 0.51% | 0.04x | Within |
| 2025-05-06 | Pre-Market | 7.72% | 0.04% | 0.01x | Within |
| 2025-08-05 | After-Close | 51.86% | 1.02% | 0.02x | Within |
| 2025-11-04 | After-Close | 5.41% | 2.73% | 0.50x | Within |
| 2026-02-24 | Pre-Market | 24.79% | 2.66% | 0.11x | Within |
Options Activity
- IV Rank (30D)
- 63.67
- IV Rank (7D)
- 63.67
- Avg IV
- 190.5%
- Straddle (30D)
- $0.60
- Straddle (7D)
- $0.60
- P/C Volume
- 0.23
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
30 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
- Beta (1Y vs SPY)
- 0.46
- Correlation (SPY)
- 25.0%
- R²
- 0.06
- Ann. Volatility
- 23.6%
- SPY Volatility
- 12.7%
Low volatility - stock moves less than market
Beta & Alpha Over Time
Institutional Ownership (13F)
Latest filings — 2026-06-30
? 13F Guide
Diluted shares outstanding: 71,438,052 (as of 2026-03-31)
Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
7 filers$9.45M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | SUSQUEHANNA INTERNATIONAL GROUP, LLP Custodian | $3.89M | 41.20% | 2026-03-31 |
| 2 | TUDOR INVESTMENT CORP ET AL | $2.19M | 23.16% | 2026-03-31 |
| 3 | Centiva Capital, LP | $2.19M | 23.16% | 2026-03-31 |
| 4 | JANE STREET GROUP, LLC Custodian | $638.90K | 6.76% | 2026-03-31 |
| 5 | CITADEL ADVISORS LLC Custodian | $499.96K | 5.29% | 2026-03-31 |
| 6 | GROUP ONE TRADING LLC Custodian | $28.44K | 0.30% | 2026-03-31 |
| 7 | SIMPLEX TRADING, LLC Custodian | $12.03K | 0.13% | 2026-03-31 |
3 filers$1.25M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | GROUP ONE TRADING LLC Custodian | $1.10M | 87.93% | 2026-03-31 |
| 2 | SUSQUEHANNA INTERNATIONAL GROUP, LLP Custodian | $144.41K | 11.55% | 2026-03-31 |
| 3 | SIMPLEX TRADING, LLC Custodian | $6.56K | 0.52% | 2026-03-31 |
Insider Activity
Latest: 2026-06-02
Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-06-02 | John G. Nestor | Director | Sell (S) | −1,617 | $10.97 | -$17.7K | EDGAR |
| 2026-05-20 | John G. Nestor | Director | Sell (S) | −6,055 | $11.22 | -$67.9K | EDGAR |
| 2026-03-23 | Francis Taylor | Treasurer | Buy (P) | +232 | $11.22 | $2.6K | EDGAR |
| 2026-03-10 | Alex Chi | CEO | Buy (P) | +9,000 | $10.79 | $97.1K | EDGAR |
| 2026-03-09 | John G. Nestor | Director | Sell (S) | −4,401 | $11.29 | -$49.7K | EDGAR |
| 2026-03-05 | Thomas M Hennigan | CFO and President | Buy (P) | +4,430 | $11.26 | $49.9K | EDGAR |
| 2025-12-02 | John G. Nestor | Director | Sell (S) | −7,085 | $11.87 | -$84.1K | EDGAR |
| 2023-09-07 | John G. Nestor | Director | Gift (G) | −6,042 | — | EDGAR | |
| 2023-08-31 | Alexander Popov | VP and Head of Illiquid Credit | Mixed | +6,500 | $14.78 | $73.9K | EDGAR |
| 2023-06-13 | Aren C. LeeKong | CEO and President | Buy (P) | +3,394 | $14.74 | $50.0K | EDGAR |
| 2023-06-06 | Aren C. LeeKong | CEO and President | Buy (P) | +6 | $14.19 | $85 | EDGAR |
| 2023-06-02 | Aren C. LeeKong | CEO and President | Buy (P) | +1,454 | $13.73 | $20.0K | EDGAR |
| 2023-06-01 | Aren C. LeeKong | CEO and President | Buy (P) | +1,454 | $13.65 | $19.8K | EDGAR |
| 2023-05-30 | Aren C. LeeKong | Director | Buy (P) | +2,908 | $13.64 | $39.7K | EDGAR |
| 2023-05-23 | Thomas M Hennigan | CFO | Buy (P) | +3,900 | $13.39 | $52.2K | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
Insider Holdings
14 insiders · @ $10.01
Officers, directors, and 10%+ owners ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | Thomas M Hennigan | CFO and President | 107,234 | $1.07M | $791.2K | 11 | 2026-03-05 |
| 2 | Taylor Boswell | President & CIO | 91,612 | $917.0K | $469.9K | 3 | 2022-05-16 |
| 3 | Linda Pace | CEO | 42,574 | $426.2K | $519.8K | 4 | 2022-04-28 |
| 4 | Michael Anthony Hart | CEO | 40,988 | $410.3K | $301.4K | 4 | 2018-12-12 |
| 5 | Alexander Popov | VP and Head of Illiquid Credit | 32,977 | $330.1K | $73.9K | 1 | 2023-08-31 |
| 6 | Aren C. LeeKong | CEO and President | 25,156 | $251.8K | $354.4K | 8 | 2023-06-13 |
| 7 | Mark David Jenkins | Director | 24,719 | $247.4K | $286.4K | 2 | 2022-06-06 |
| 8 | John G. Nestor | Director | 10,851 | $108.6K | $90.2K | 10 | 2026-06-02 |
| 9 | Alex Chi | CEO | 9,000 | $90.1K | $97.1K | 1 | 2026-03-10 |
| 10 | Michael Hadley | VP and Head of Underwriting | 5,500 | $55.1K | $37.4K | 3 | 2022-11-16 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
ETF Holders
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
| P/E Ratio | 14.3 |
| P/B Ratio | 0.6 |
| P/S Ratio | 3.4 |
| EV/EBITDA | 37.5 |
| TTM Net Income | $0.1B |
| TTM EPS | $0.7 |
| ROE | 4.6% |
| Dividend Yield | 15.33% |
| Debt/Equity | 1.24 |