Key stats

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$10.26

52-Week Range: $9.95 – $13.28
YTD: -18.25%
IV Rank (30D): 11.93
Straddle Price: $0.72
P/C Vol Ratio: 0.12
Market Cap: $0.7B
Open: $10.02
Day Range: $10.02 – $10.31
Volume: 148,996
Prev Close: $10.08

Fair Value

MODEL: LONG

? Fair Value Guide Model inputs

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)	5.15%
Beta vs SPY	0.80
Cost of Equity (CAPM)	9.13% (VRP-adj)
WACC	7.40%
Volatility Risk Premium	+145.2pp (IV − HV30)
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)	$0.2B
Return on Equity (TTM)	3.4%
Book / Price	155.1% — banking bias active (P/B is primary)
Debt / Equity	1.24
Quality Score	0/6 — cyclical/struggling (5y DCF)
Market-Implied Growth	-9.4% (reverse-DCF on current price)
SMA 50	$11.11 (Market Anchor value)
SMA 20 / Bollinger Mid	$10.61
Bollinger Width / SMA20	117.7% (drives anchor stability)
Net Debt	$1.3B
Market Cap	$1B

Peers used for multiples: ARCC, BXSL, FSK, HTGC, MAIN, OBDC (filtered from 8 ETF-co-members; sector bias active)

60-Day Conviction

57%

20-Day Fair Value

≈ by Nov 20, 2026

$10.33

α +0.7% rank 77%

conviction

44%

40-Day Fair Value

≈ by Dec 21, 2026

$10.44

α +1.7% rank 86%

conviction

55%

60-Day Fair Value

≈ by Jan 19, 2027

$10.43

α +1.7% rank 84%

conviction

57%

Method	Implied Price	Weight	Detail
DCF	$31.91	15%
DDM (Gordon)	$25.21	24%
Peer P/E	$9.98	7%	median 13.8× · 5 peers
Peer EV/EBITDA	n/a	0%	median 28.6× · 5 peers
Peer P/B	$14.77	12%	median 0.9× · 6 peers
Peer P/S	n/a	0%	median 5.5× · 6 peers
Market Anchor (SMA50)	$11.11	41%	stability 68% (BB-width)
Options Expected (B-L 30d)	n/a	0%

As of 2026-10-22 · updated Oct 22, 1:17 PM ET

About

Exchange: XNAS
Market Cap: $0.7B
Employees: 2,500
List Date: 2017-06-14
CIK: 0001544206
Next Earnings: 2026-11-05 (After-Close)
EPS Forecast: $0.37 (5 est.)
Headquarters: New York, NY
Homepage: https://www.carlylesecuredlending.com

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.

ETF Profile

Asset Allocation

Top Holdings

Symbol	Name	Weight %	Asset Class	Country

Geographic Breakdown

Summary

—

composite

—

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	'21	'22	'23	'24	'25	'26	Avg
Jan	5.18%	2.40%	3.29%	3.02%	2.54%	-2.39%	2.34%
Feb	14.21%	-0.56%	-0.13%	7.28%	-3.95%	-7.95%	1.48%
Mar	3.53%	1.27%	-13.08%	0.43%	-8.28%	-1.97%	-3.02%
Apr	2.84%	-3.91%	3.91%	6.58%	-9.05%	9.21%	1.60%
May	-2.46%	2.45%	-1.37%	3.40%	-2.50%	-9.62%	-1.68%
Jun	-2.80%	-11.13%	5.13%	-1.17%	-1.51%	-4.36%	-2.64%
Jul	0.00%	4.30%	6.80%	-0.73%	0.95%	-8.47%	0.47%
Aug	4.68%	4.96%	-4.79%	-3.14%	2.12%	16.76%	3.43%
Sep	-3.25%	-18.92%	-3.20%	-0.59%	-9.68%	-7.45%	-7.18%
Oct	4.29%	8.19%	-2.79%	1.13%	1.85%	-4.74%*	1.32%
Nov	-2.87%	13.07%	8.71%	3.71%	0.24%	--	4.57%
Dec	0.59%	-0.14%	-0.73%	2.99%	-0.48%	--	0.45%
Total	25.14%	-2.18%	-0.25%	24.82%	-25.36%	-21.66%	0.09%

Technical Indicators

? Indicator Guide

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: $10.56

SMA 50: $11.09

SMA 200: $11.21

Current: $10.26

EMA 12: $10.39

EMA 26: $10.64

MACD: -0.2525 | Signal: -0.0244

BEARISH

ADX (14): 25.85

TREND

+DI: 14.80

−DI: 23.87

Momentum Oscillators

RSI (14): 38.44

NEUTRAL

Stoch %K: 13.19

Stoch %D: 10.77

Williams %R: -71.35

Volume & Volatility

BB Upper: $11.19

BB Lower: $9.93

NEUTRAL

OBV: -21,950,770

Vol SMA 20: 495,346

Vol ROC: -77.66%

ATR: $0.27

True Range: $0.29

HV 20: 23.5%

HV 30: 22.2%

HV 60: 24.8%

Data Summary

Data Points: 500

Last Updated: Oct 22, 1:15 PM ET

Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00

AI Analysis

LLM Stock Analysis Report

Executive Summary

Overall assessment: NEUTRAL with confidence level (7/10)

Key drivers:

Technical indicators suggest a trending market, but the stock's beta is relatively low.
Recent news headlines are generally positive, but volatility remains high.

Primary risks:

Volatility could lead to unexpected price movements.
Low beta may indicate less market correlation, but also lower potential returns.

Investment thesis:

CGBD's recent performance has been driven by a combination of technical and fundamental factors. The stock's trending market is supported by positive news headlines, which have contributed to its recent gains. However, the high volatility and low beta suggest that price movements may be more erratic than usual.

CGBD Options Activity & IV Rank

CGBD IV rank history, 52-week IV rank and IV percentile →

Volatility Metrics

Current IV: 36.4%

7-DTE IV: —

Expected Move: $0.72

7-DTE Move: $0.72

Days to Exp: 29 (2026-11-20)

Options Flow

Call Volume: 844

Put Volume: 99

P/C Volume: 0.117

BULLISH

Call OI: 241

Put OI: 3,341

P/C OI: 13.863

Total OI: 3,582

ATM Options Pricing

ATM Call: $0.50

ATM Put: $0.23

Call %: 4.9%

Put %: 2.2%

Chain Summary

Chain Volume: 987

Chain OI: 3,949

Last Updated: 10/22/2026

Options Chain

Loading options chain...

Spread Scanner GPU

Auto Refresh

? Score Guide Full Algorithm Docs ↗

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.

Dealer Positioning

LOW γ vs HISTORY

Estimated net dealer gamma is at the 3rd percentile of this name's own daily history, near the low end of its range. This describes current positioning; it is not a forecast or a trading signal.

Gamma percentile

3%

vs own history

GEX tilt

-0.99

OI-weighted, today

Vanna tilt

+0.99

δ-sensitivity to IV

Charm tilt

-0.99

δ-decay vs time

Vanna tilt +0.99: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.

Charm tilt -0.99: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.

? What is this?

Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.

Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.

Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.

This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.

· 4 ATM contracts, 4k total OI

Skew (Wing IV − ATM IV)

DTE:

Wing Δ:

Metric:

? What do these mean

Wing vs ATM

IV(put wing) − IV(ATM), in vol points

How 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 side

Which 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

No data

30 DTE / 10d —

— pts

ATM 30.8% / Wing —

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.

Skew Metrics per Expiry ? Guide

Risk Reversal (RR)

IV(10% OTM call) − IV(10% OTM put)

Measures the direction of skew — which side the market is paying up for. Expressed as a vol difference in percentage points.

−3% to −10% → mild to moderate put skew. Normal for most large-cap stocks — puts always carry some premium from portfolio hedging demand.
−10% to −20% → strong put skew. Elevated fear, heavy hedging, or an upcoming catalyst (earnings, macro event). Worth noting.
Below −20% → extreme put skew. Stress signal — market aggressively buying downside protection.
−3% to 0% → nearly symmetric. Rare for equities; means the market sees roughly equal up/down risk.
Positive → calls more expensive than puts. Unusual — signals strong upside momentum, short squeeze risk, or takeover speculation.

Butterfly (BF)

½ × (IV call + IV put) − IV ATM

Measures curvature — how much the wings are bid up relative to ATM. Always expressed as a positive number (wing premium). Think of it as the cost of a tail hedge above and beyond the ATM vol.

0% to 2% → flat smile. Market pricing near-normal return distribution, low tail risk.
2% to 5% → moderate wing premium. Some tail risk priced in — typical in earnings cycles or elevated VIX environments.
Above 5% → high curvature. Fat tails aggressively priced — market expects a large move but is uncertain of direction. Very common right before earnings.

Reading them together

RR	BF	Interpretation
-15%	+5%	Strong put skew + fat tails — fear or upcoming catalyst (earnings, FDA)
-5%	+1%	Normal mild put skew, calm market
-20%	+8%	Extreme fear — heavy hedging, major event risk
~0%	+2%	Balanced market, no strong directional bias
+5%	+3%	Call skew — bullish momentum or short squeeze risk

Expiry	DTE	ATM IV	25d Put IV	25d Call IV	Risk Reversal	Butterfly	Interpretation	Strategy Suggestions (hover for rationale)

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)

IV Rank (30 DTE)11.9LowOct 22

Straddle Price (30 DTE)$0.72Oct 22

Beta Analysis

Risk Metrics

Beta: 0.4932

Alpha: -22.91%

Correlation: 0.2555

R-Squared: 6.5%

Stock Volatility: 24.6%

Market Volatility: 12.8%

Analysis Details

Benchmark: SPY
Data Points: 251
Period: 252 trading days

Interpretation:
Low volatility - stock moves less than market

Beta & Alpha Over Time

Notable investors who own CGBD

2 of 37 tracked investors

Investor	Value	Share of their portfolio	Rank	Q/Q shares	Source
Rockefeller Capital Management Family office Rockefeller family	$4.7M	0.01%	#993 of 4729	-0.7%	13F
Citadel Hedge fund Ken Griffin	$814K	0.00%	#3934 of 6285	new	13F

Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions

CGBD Institutional Ownership (13F)

Latest filings — 2026-09-30

? 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.

154 filers26,769,101 shares$282.90M value37.47% of float

#	Filer	Shares	Value	% of Total	% of Float	Period
1	Creative Planning Custodian	3,086,927	$32.51M	11.49%	4.32%	2026-06-30
2	Morgan Stanley Custodian	2,799,104	$29.47M	10.42%	3.92%	2026-06-30
3	Van Eck Associates Corp	1,748,836	$18.42M	6.51%	2.45%	2026-06-30
4	UBS Group AG Custodian	1,395,189	$14.69M	5.19%	1.95%	2026-06-30
5	CHOREO, LLC	1,361,251	$14.33M	5.07%	1.91%	2026-06-30
6	Invesco Ltd. Custodian	1,184,888	$12.48M	4.41%	1.66%	2026-06-30
7	Lalia Capital, LLC	927,333	$9.76M	3.45%	1.30%	2026-06-30
8	Russell Investments Group, Ltd. Custodian	870,513	$9.17M	3.24%	1.22%	2026-06-30
9	Muzinich & Co., Inc.	741,278	$7.81M	2.76%	1.04%	2026-06-30
10	North Ground Capital	616,000	$6.49M	2.29%	0.86%	2026-06-30
11	Legal & General Group Plc Custodian	577,568	$6.09M	2.15%	0.81%	2026-06-30
12	Mariner, LLC	563,240	$5.96M	2.11%	0.79%	2026-06-30
13	Sumitomo Mitsui Trust Group, Inc.	519,735	$5.47M	1.93%	0.73%	2026-06-30
14	Diameter Capital Partners LP	508,387	$5.35M	1.89%	0.71%	2026-06-30
15	ARES MANAGEMENT LLC	472,187	$4.97M	1.76%	0.66%	2026-06-30
16	Arax Advisory Partners Custodian	465,613	$4.90M	1.73%	0.65%	2026-06-30
17	Two Sigma Investments, LP Custodian	448,847	$4.73M	1.67%	0.63%	2026-06-30
18	Rockefeller Capital Management L.P. Custodian	444,533	$4.68M	1.65%	0.62%	2026-06-30
19	LSV ASSET MANAGEMENT	352,150	$3.71M	1.31%	0.49%	2026-06-30
20	NOVARE CAPITAL MANAGEMENT LLC	287,445	$3.03M	1.07%	0.40%	2026-06-30
21	Bank of America Corp Custodian	280,420	$2.95M	1.04%	0.39%	2026-06-30
22	BlackRock, Inc. Custodian	276,868	$2.92M	1.03%	0.39%	2026-06-30
23	TORONTO DOMINION BANK	263,276	$2.77M	0.98%	0.37%	2026-06-30
24	WCG Wealth Advisors LLC	229,477	$2.42M	0.85%	0.32%	2026-06-30
25	Callodine Capital Management, LP	225,000	$2.37M	0.84%	0.32%	2026-06-30

3 filers$423.31K notional

#	Filer	Notional Value	% of Total	Period
1	Susquehanna International Group, LLP Custodian	$209.55K	49.50%	2026-06-30
2	Citadel Advisors LLC Custodian	$195.86K	46.27%	2026-06-30
3	GROUP ONE TRADING LLC Custodian	$17.90K	4.23%	2026-06-30

3 filers$4.72M notional

#	Filer	Notional Value	% of Total	Period
1	Citadel Advisors LLC Custodian	$4.51M	95.50%	2026-06-30
2	Susquehanna International Group, LLP Custodian	$207.44K	4.39%	2026-06-30
3	Simplex Trading, LLC Custodian	$5.26K	0.11%	2026-06-30

CGBD Insider Trading (Form 4)

Latest: 2026-08-17

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
2026-08-17	John G. Nestor	Director	Sell (S)	−16,812	$11.20	-$188.2K	EDGAR
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

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.

CGBD Insider Holdings

4 insiders · @ $10.26

Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, 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	$1.10M	$791.2K	11	2026-03-05
2	Alex Chi	CEO	9,000	$92.3K	$97.1K	1	2026-03-10
3	John G. Nestor	Director	8,017	$82.2K	-$98.0K	11	2026-08-17
4	Francis Taylor	Treasurer	441	$4.5K	$2.6K	1	2026-03-23

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.

CGBD Board & Officers

As of SEC filings through Aug 17, 2026

Directors 7

John G. Nestor · since Apr 12, 2013
Nigel T Andrews · since Apr 12, 2013
Leslie E Bradford · since Oct 19, 2017
Linda Pace · listed since Mar 2020
William H Wright II · since Feb 16, 2021
Thomas M Hennigan · listed since Aug 2025
Alex Chi · since Feb 18, 2026

Officers 4

Alex Chi · CEO · since Feb 18, 2026
Thomas M Hennigan · CFO · since Mar 14, 2018
Nelson Joseph · Pao · since Mar 22, 2023
Francis Taylor · Treasurer · since Feb 18, 2026

Changes in the last 10 years (34)

Feb 18, 2026	The company announced the departure of Justin Plouffe from the board in an SEC filing
Feb 18, 2026	The company announced the departure of Justin Plouffe as CEO & President in an SEC filing
Feb 18, 2026	Francis Taylor became Treasurer
Feb 18, 2026	Alex Chi became a director
Feb 18, 2026	Alex Chi became CEO
Aug 21, 2025	Thomas M Hennigan first listed as a director in an SEC filing
Mar 1, 2024	The company announced the departure of Aren C. LeeKong from the board in an SEC filing
Mar 1, 2024	The company announced the departure of Aren C. LeeKong as CEO and President in an SEC filing
Mar 1, 2024	Justin Plouffe became a director
Mar 1, 2024	Justin Plouffe became CEO & President
Feb 12, 2024	Joshua Lefkowitz first on file as CCO & Secretary
Jun 1, 2023	Aren C. LeeKong first listed as CEO and President in an SEC filing
Mar 22, 2023	Nelson Joseph became Pao
Dec 16, 2022	The company announced the departure of Linda Pace as CEO & President in an SEC filing
Sep 20, 2022	The company announced the departure of Taylor Boswell from the board in an SEC filing
Sep 20, 2022	The company announced the departure of Taylor Boswell as Chief Investment Officer in an SEC filing
Sep 16, 2022	Desiree Annunziato became Treasurer & PAO
May 16, 2022	Taylor Boswell first listed as a director in an SEC filing
Apr 11, 2022	Michael Hadley became VP and Head of Underwriting
Apr 11, 2022	Jonathan Pearl became VP & Head of Sponsor Coverage
Apr 11, 2022	Alexander Popov became VP and Head of Illiquid Credit
Jun 9, 2021	Aren C. LeeKong became a director
Feb 16, 2021	William H Wright II became a director
Aug 3, 2020	Taylor Boswell became Chief Investment Officer
Apr 17, 2020	Mark David Jenkins became a director
Mar 31, 2020	Peter Gaunt became Treasurer & PAO
Mar 4, 2020	Linda Pace listed as CEO & President (previously President) in SEC filings
Mar 4, 2020	Linda Pace first listed as a director in an SEC filing
Sep 19, 2019	Michele Reing became Treasurer
Jun 19, 2019	Linda Pace became President
Mar 14, 2018	Thomas M Hennigan became CFO
Feb 26, 2018	Erik G Barrios became CCO & Secretary
Oct 19, 2017	Leslie E Bradford became a director
Feb 14, 2017	Michael Anthony Hart listed as CEO (previously President) in SEC filings

Not reported recently (14)

Mark David Jenkins · Last reported as a director in an SEC filing dated Apr 1, 2025
Alexander Popov · Last reported as VP and Head of Illiquid Credit in an SEC filing dated Apr 1, 2025
Michael Hadley · Last reported as VP and Head of Underwriting in an SEC filing dated Apr 1, 2025
Joshua Lefkowitz · Last reported as CCO & Secretary in an SEC filing dated Feb 14, 2025
Desiree Annunziato · Last reported as Treasurer & PAO in an SEC filing dated Sep 22, 2022
Jonathan Pearl · Last reported as VP & Head of Sponsor Coverage in an SEC filing dated May 18, 2022
Peter Gaunt · Last reported as Treasurer & PAO in an SEC filing dated Apr 1, 2020
Michele Reing · Last reported as Treasurer in an SEC filing dated Sep 25, 2019
Michael Anthony Hart · Last reported as a director in an SEC filing dated Dec 12, 2018
Venugopal Rathi · Last reported as CFO in an SEC filing dated Dec 12, 2018
Erik G Barrios · Last reported as CCO & Secretary in an SEC filing dated Mar 6, 2018
Orit Mizrachi · Last reported as COO in an SEC filing dated Jun 13, 2017
Jeffrey Levin · Last reported as President in an SEC filing dated Jun 13, 2017
Eliot P.S. Merrill · Last reported as a director in an SEC filing dated May 26, 2017

Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.

CGBD Proposed Insider Sales (Form 144)

Recent SEC Filings

Current reports — material events the company must disclose within 4 business days (earnings releases, M&A, executive changes, etc.).

Filing Date	Accession	Link

Annual report — audited financial statements, MD&A, risk factors. Filed 60–90 days after fiscal year-end.

Filing Date	Accession	Link

Quarterly report — unaudited financials and MD&A. Filed 40–45 days after each of the first three fiscal quarters.

Filing Date	Accession	Link

ETF Holders

4 ETFs hold CGBD

4 shown · $26.46M total exposure · 0.87% AUM-weighted avg weight

#	ETF	Provider	Weight	$ Exposure	ETF AUM	As Of
1	KBWD Invesco KBW High Dividend Yield Financial ETF	Nport	3.24%	$13.8M	—	2026-05-31
2	BIZD VanEck BDC Income ETF	VanEck	0.87%	$12.2M	$1.4B	2026-10-20
3	VPC Virtus Private Credit Strategy ETF	Nport	1.54%	$468,101	—	2026-07-31
4	LBO WHITEWOLF Publicly Listed Private Equity ETF	Nport	0.01%	$629	—	2026-07-31

Fundamentals

? Fundamentals Guide

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.

Trailing P/E

14.66

TTM Diluted EPS

$0.70

TTM Revenue

—

TTM Net Income

$51.70M

TTM Op. Cash Flow

$-341.41M

Quarterly figures (12 quarters)

Quarter	Period End	Revenue	Net Income	Diluted EPS	Op. Cash Flow
Q1 '26	2026-03-31	—	$-4.22M	$-0.06	$8.95M
Q4 '25	2025-12-31	—	$17.39M	$0.23	$-153.25M
Q3 '25	2025-09-30	—	$23.90M	$0.33	$33.81M
Q2 '25	2025-06-30	—	$14.63M	$0.20	$-230.92M
Q1 '25	2025-03-31	—	$13.23M	$0.25	$66.92M
Q4 '24	2024-12-31	—	$20.48M	$0.38	$-111.13M
Q3 '24	2024-09-30	—	$18.74M	$0.35	$62.89M
Q2 '24	2024-06-30	—	$17.87M	$0.33	$71.50M
Q1 '24	2024-03-31	—	$28.39M	$0.52	$81.00M
Q4 '23	2023-12-31	—	$28.72M	$0.53	$-98.57M
Q3 '23	2023-09-30	—	$29.11M	$0.54	$57.24M
Q2 '23	2023-06-30	—	$3.84M	$0.08	$102.42M

Q1 2026 • period ending 2026-03-31 • filed 2026-05-11

Valuation

? Valuation Guide

Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.

Price Multiples

P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
EV/Sales — like P/S but accounts for debt + cash. Compare within sector.

Profitability & Yields

ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.

Balance Sheet

Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.

Reading the history chart

Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
Multiples expanding while earnings are flat = sentiment-driven rally.
Multiples compressing while earnings grow = value coming from fundamentals.

P/E

14.66

P/B

0.66

P/S

—

EV/EBITDA

—

EV/Sales

—

ROE

4.6%

ROA

2.0%

Div Yield

16.52%

FCF Yield

-46.58%

Debt/Equity

1.24

Current Ratio

—

Market Cap

$732.95M

Metric:

as of 2026-10-22

Short Interest & Float

? Short Interest Guide

Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.

Metric definitions

Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
SI % of Float — short interest / free float. The key crowding metric.
Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
Free Float — shares available for public trading (total shares minus insider / restricted).
Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.

How to read the signals

SI % of Float < 5% — typical, no particular signal.
5–15% — elevated; watch for catalysts (earnings, guidance, macro).
15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
>30% — extreme; borrow is likely expensive and squeeze risk is material.
Days to Cover > 5 combined with high SI% amplifies squeeze potential.

History chart

Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
A sudden drop in SI after a rally may indicate a squeeze in progress.

Short interest is reported mid-month and end-of-month; short volume is daily.

Short Interest

3.46M

SI % of Float

5.05%

Days to Cover

8.86

Short Vol Ratio

65.6%

Free Float

68.56M

Float %

99.7%

Metric:

Short interest 2026-09-30 • Short volume 2026-10-21 • Float 2026-08-14

Constituent Performance

Select Timeframe:

Click any bar to view the full quote for that stock.

Constituents

Symbol	Name	Weight %	Price	1 Day	1 Week	1 Month

Earnings Date	Timing	Expected Move	Actual Move	Ratio	Outcome
2021-02-23	After-Close	6.27%	5.77%	0.92x	Within
2021-05-04	After-Close	11.69%	0.15%	0.01x	Within
2023-02-27	After-Close	7.38%	3.21%	0.43x	Within
2023-05-09	After-Close	8.77%	0.82%	0.09x	Within
2023-08-08	After-Close	12.04%	2.14%	0.18x	Within
2023-11-07	After-Close	6.08%	0.28%	0.05x	Within
2024-02-26	After-Close	3.58%	5.67%	1.58x	Exceeded
2024-05-07	After-Close	3.44%	0.57%	0.17x	Within
2024-08-05	After-Close	17.51%	0.12%	0.01x	Within
2024-11-05	Pre-Market	6.83%	1.88%	0.28x	Within
2025-02-25	After-Close	12.13%	1.94%	0.16x	Within
2025-05-06	Pre-Market	7.72%	0.00%	0.00x	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	24.77%	3.15%	0.13x	Within
2026-05-11	After-Close	10.33%	1.14%	0.11x	Within
2026-08-06	After-Close	28.61%	3.38%	0.12x	Within

CGBD Carlyle Secured Lending, Inc. Common Stock

Trend Indicators

Momentum Oscillators

Volume & Volatility

Data Summary

CGBD Options Activity & IV Rank

Volatility Metrics

Options Flow

ATM Options Pricing

Chain Summary

Risk Metrics

Analysis Details

CGBD Institutional Ownership (13F)

CGBD Insider Trading (Form 4)

CGBD Insider Holdings

CGBD Board & Officers

Directors 7

Officers 4

CGBD Proposed Insider Sales (Form 144)