Carlyle Secured Lending (CGBD) vs PennantPark Floating Rate Capital (PFLT)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Carlyle Secured Lending (CGBD) has outperformed PennantPark Floating Rate Capital (PFLT) over the past year, losing 12.8% versus a loss of 24.1%. Over five years, CGBD leads with a -24.1% price change compared with -49.3% for PFLT. Carlyle Secured Lending is the larger company by market cap ($725.2 million vs $662.8 million), about 1.1 times the size.
On valuation, PennantPark Floating Rate Capital trades at a lower forward P/E (6.3x vs 7.4x for Carlyle Secured Lending). PennantPark Floating Rate Capital offers the higher dividend yield (18.13% vs 14.71%).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | CGBD | PFLT |
|---|---|---|
| Share price | $10.54 | $6.68 |
| Market cap | $725.20M | $662.78M |
| 1-day change | +1.35% | +0.30% |
| YTD return | -15.61% | -27.94% |
| 1-year return | -12.82% | -24.09% |
| 5-year return | -24.06% | -49.32% |
| P/E ratio (TTM) | 21.08 | 13.10 |
| Forward P/E | 7.36 | 6.30 |
| EPS (TTM) | $0.50 | $0.51 |
| Dividend yield | 14.71% | 18.13% |
| Annual dividend | $1.55 | $1.21 |
| 52-week high | $13.28 | $9.75 |
| 52-week low | $9.95 | $6.58 |
| Distance from 52-week high | -20.63% | -31.49% |
| Analyst consensus | hold | none |
| Avg. price target upside | +17.27% | +45.96% |
| Average volume | 525.36K | 932.48K |
| Shares outstanding | 68.80M | 99.22M |
| Sector | Finance | Finance |
| Industry | Finance: Consumer Services | Finance: Consumer Services |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- CGBD has outperformed PFLT by 11.3 percentage points over the past year.
- Carlyle Secured Lending trades at a higher earnings multiple (21.1x vs 13.1x trailing P/E).
- PennantPark Floating Rate Capital offers a meaningfully higher dividend yield (18.13% vs 14.71%).
About Carlyle Secured Lending
CGBD stock →Carlyle Secured Lending, Inc. is business development company specializing in first lien debt, senior secured loans, second lien senior secured loan unsecured debt, mezzanine debt and investments in equities.
Finance · Finance: Consumer Services
About PennantPark Floating Rate Capital
PFLT stock →PennantPark Floating Rate Capital Ltd. is a Private Debt, business development company.
Finance · Finance: Consumer Services
CGBD vs PFLT FAQ
Which is bigger, Carlyle Secured Lending or PennantPark Floating Rate Capital?
Carlyle Secured Lending (CGBD) is larger, with a market capitalization of $725.20M compared with $662.78M for PennantPark Floating Rate Capital (PFLT).
Which stock has performed better over the past year, CGBD or PFLT?
CGBD returned -12.82% over the past 12 months, compared with -24.09% for PFLT (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, CGBD or PFLT?
PFLT has the lower trailing P/E at 13.1, versus 21.1 for CGBD. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Carlyle Secured Lending or PennantPark Floating Rate Capital?
PennantPark Floating Rate Capital has the higher yield at 18.13%, compared with 14.71% for Carlyle Secured Lending.
Are Carlyle Secured Lending and PennantPark Floating Rate Capital in the same industry?
Yes. Both are classified in the Finance: Consumer Services industry within the Finance sector.