The Carlyle Group Inc. (NASDAQ:CG) Sees Significant Decrease in Short Interest

The Carlyle Group Inc. (NASDAQ:CGGet Free Report) was the recipient of a large decline in short interest in June. As of June 15th, there was short interest totalling 16,770,000 shares, a decline of 6.6% from the May 31st total of 17,950,000 shares. Based on an average daily trading volume, of 2,150,000 shares, the days-to-cover ratio is currently 7.8 days. Approximately 8.0% of the company’s stock are short sold.

Insiders Place Their Bets

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 127,981 shares of the company’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $36.19, for a total transaction of $4,631,632.39. Following the sale, the insider now directly owns 12,123,705 shares of the company’s stock, valued at $438,756,883.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 645,335 shares of company stock valued at $22,646,564 in the last three months. 27.20% of the stock is currently owned by corporate insiders.

Institutional Trading of The Carlyle Group

Several institutional investors and hedge funds have recently bought and sold shares of CG. GAMMA Investing LLC lifted its holdings in shares of The Carlyle Group by 22.8% in the 1st quarter. GAMMA Investing LLC now owns 1,156 shares of the financial services provider’s stock worth $54,000 after acquiring an additional 215 shares during the last quarter. Riverwater Partners LLC increased its position in shares of The Carlyle Group by 1.1% in the first quarter. Riverwater Partners LLC now owns 21,761 shares of the financial services provider’s stock valued at $1,021,000 after acquiring an additional 228 shares during the period. Global Retirement Partners LLC grew its position in shares of The Carlyle Group by 41.2% in the 1st quarter. Global Retirement Partners LLC now owns 846 shares of the financial services provider’s stock worth $40,000 after buying an additional 247 shares during the last quarter. Fifth Third Bancorp raised its holdings in The Carlyle Group by 11.5% in the 1st quarter. Fifth Third Bancorp now owns 2,442 shares of the financial services provider’s stock worth $115,000 after purchasing an additional 251 shares in the last quarter. Finally, Retirement Planning Co of New England Inc. raised its position in shares of The Carlyle Group by 2.5% in the 1st quarter. Retirement Planning Co of New England Inc. now owns 11,314 shares of the financial services provider’s stock worth $531,000 after acquiring an additional 271 shares in the last quarter. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

The Carlyle Group Stock Up 1.4 %

Shares of NASDAQ:CG traded up $0.58 during midday trading on Wednesday, hitting $40.59. 567,599 shares of the company’s stock were exchanged, compared to its average volume of 2,239,781. The company has a market cap of $14.61 billion, a PE ratio of -22.68, a price-to-earnings-growth ratio of 1.13 and a beta of 1.75. The company has a debt-to-equity ratio of 1.53, a current ratio of 2.53 and a quick ratio of 2.53. The Carlyle Group has a 12 month low of $27.13 and a 12 month high of $48.52. The stock has a 50 day moving average price of $41.90 and a 200-day moving average price of $42.96.

The Carlyle Group (NASDAQ:CGGet Free Report) last announced its earnings results on Wednesday, May 1st. The financial services provider reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.09. The Carlyle Group had a positive return on equity of 23.92% and a negative net margin of 23.04%. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $986.10 million. During the same quarter in the previous year, the business earned $0.63 EPS. The company’s revenue was up 35.6% compared to the same quarter last year. On average, sell-side analysts anticipate that The Carlyle Group will post 3.9 EPS for the current fiscal year.

The Carlyle Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Tuesday, May 14th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Monday, May 13th. This represents a $1.40 dividend on an annualized basis and a yield of 3.45%. The Carlyle Group’s dividend payout ratio (DPR) is -78.21%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. UBS Group lifted their price target on shares of The Carlyle Group from $46.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $48.00 target price (down from $50.00) on shares of The Carlyle Group in a report on Thursday, May 2nd. Jefferies Financial Group dropped their price target on The Carlyle Group from $49.00 to $44.00 and set a “hold” rating for the company in a research note on Thursday, May 9th. Barclays decreased their target price on shares of The Carlyle Group from $56.00 to $47.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. Finally, Oppenheimer reduced their price target on shares of The Carlyle Group from $74.00 to $68.00 and set an “outperform” rating on the stock in a research report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $45.60.

View Our Latest Research Report on CG

About The Carlyle Group

(Get Free Report)

The Carlyle Group Inc is an investment firm specializing in direct and fund of fund investments. Within direct investments, it specializes in management-led/ Leveraged buyouts, privatizations, divestitures, strategic minority equity investments, structured credit, global distressed and corporate opportunities, small and middle market, equity private placements, consolidations and buildups, senior debt, mezzanine and leveraged finance, and venture and growth capital financings, seed/startup, early venture, emerging growth, turnaround, mid venture, late venture, PIPES.

See Also

Receive News & Ratings for The Carlyle Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Carlyle Group and related companies with MarketBeat.com's FREE daily email newsletter.