Carlyle Secured Lending (CGBD) vs Royce Micro-Cap (RMT)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Royce Micro-Cap (RMT) has outperformed Carlyle Secured Lending (CGBD) over the past year, gaining 28.5% versus a loss of 14.3%. Over five years, RMT leads with a +14.4% price change compared with -25.1% for CGBD. Royce Micro-Cap is the larger company by market cap ($725.6 million vs $715.6 million), about 1.0 times the size.
On valuation, Royce Micro-Cap trades at a lower trailing P/E (1.9x vs 20.8x for Carlyle Secured Lending). Carlyle Secured Lending offers the higher dividend yield (14.90% vs 6.12%).
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 | RMT |
|---|---|---|
| Share price | $10.40 | $13.39 |
| Market cap | $715.57M | $725.62M |
| 1-day change | -0.95% | -1.76% |
| YTD return | -16.73% | +28.38% |
| 1-year return | -14.33% | +28.50% |
| 5-year return | -25.07% | +14.44% |
| P/E ratio (TTM) | 20.80 | 1.93 |
| Forward P/E | 7.27 | — |
| EPS (TTM) | $0.50 | $6.94 |
| Dividend yield | 14.90% | 6.12% |
| Annual dividend | $1.55 | $0.82 |
| 52-week high | $13.28 | $14.78 |
| 52-week low | $9.95 | $9.52 |
| Distance from 52-week high | -21.69% | -9.40% |
| Analyst consensus | hold | — |
| Avg. price target upside | +18.85% | — |
| Average volume | 526.94K | 103.65K |
| Shares outstanding | 68.80M | 54.19M |
| Sector | Financial Services | Financial Services |
| Industry | Asset Management | Asset Management |
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
- RMT has outperformed CGBD by 42.8 percentage points over the past year.
- Carlyle Secured Lending trades at a higher earnings multiple (20.8x vs 1.9x trailing P/E).
- Carlyle Secured Lending offers a meaningfully higher dividend yield (14.90% vs 6.12%).
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.
Financial Services · Asset Management
About Royce Micro-Cap
RMT stock →Royce Micro-Cap Trust, Inc. is a closed-ended equity mutual fund launched and managed Royce & Associates, LLC.
Financial Services · Asset Management
CGBD vs RMT FAQ
Which is bigger, Carlyle Secured Lending or Royce Micro-Cap?
Royce Micro-Cap (RMT) is larger, with a market capitalization of $725.62M compared with $715.57M for Carlyle Secured Lending (CGBD).
Which stock has performed better over the past year, CGBD or RMT?
RMT returned +28.50% over the past 12 months, compared with -14.33% for CGBD (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, CGBD or RMT?
RMT has the lower trailing P/E at 1.9, versus 20.8 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 Royce Micro-Cap?
Carlyle Secured Lending has the higher yield at 14.90%, compared with 6.12% for Royce Micro-Cap.
Are Carlyle Secured Lending and Royce Micro-Cap in the same industry?
Yes. Both are classified in the Asset Management industry within the Financial Services sector.