The Carlyle Group Inc. (NASDAQ:CG) Short Interest Down 13.1% in September

The Carlyle Group Inc. (NASDAQ: CG – Get an assessment) was the target of a significant drop in short-term interest in September. As of September 30, there was short interest totaling 13,750,000 shares, a decrease of 13.1% from the total of 15,820,000 shares as of September 15. Approximately 7.3% of the company’s shares are sold short. Based on an average daily volume of 2,580,000 shares, the short interest rate is currently 5.3 days.

Changes to analyst ratings

Several analysts have recently commented on the stock. Piper Sandler cut her price target on Carlyle Group shares from $68.00 to $62.00 in a research report on Tuesday. JMP Securities lowered its price target on The Carlyle Group from $60.00 to $58.00 and gave the stock a “market outperformance” rating in a research report on Tuesday. StockNews.com supposed coverage on The Carlyle Group in a research note on Wednesday. They set a “sell” rating for the company. Deutsche Bank Aktiengesellschaft lowered its price target on Carlyle Group from $43.00 to $36.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, UBS Group raised its price target on The Carlyle Group from $34.00 to $40.00 and gave the company a “neutral” rating in a Monday, August 1 research note. Two equity research analysts gave the stock a sell rating, five gave the company a hold rating and seven gave the company a buy rating. According to data from MarketBeat.com, The Carlyle Group currently has a consensus rating of “Hold” and an average price target of $44.71.

Carlyle Group shares down 4.5%

Carlyle Group shares traded down $1.19 in Friday trading, hitting $25.43. The company’s shares had a trading volume of 1,800,523 shares, compared to an average trading volume of 2,768,914 shares. The company has a 50-day simple moving average of $30.91 and a two-hundred-day simple moving average of $35.14. The company has a quick ratio of 2.63, a current ratio of 2.63 and a debt ratio of 1.24. The company has a market capitalization of $9.19 billion, a price/earnings ratio of 4.65, a P/E/G ratio of 0.27 and a beta of 1.69. The Carlyle Group has a 1-year low of $24.59 and a 1-year high of $60.62.

The Carlyle Group (NASDAQ:CG – Get an assessment) last released its results on Thursday, July 28. The financial services provider reported EPS of $1.17 for the quarter, beating consensus analyst estimates of $1.11 by $0.06. The company posted revenue of $1.16 billion for the quarter, compared to analysts’ estimates of $1.17 billion. The Carlyle Group had a return on equity of 40.15% and a net margin of 31.86%. As a group, stock analysts expect The Carlyle Group to post earnings per share of 4.01 for the current year.

Carlyle Group dividend announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 16. Shareholders of record on Tuesday, August 9 received a dividend of $0.325 per share. The ex-dividend date was Monday, August 8. This represents a dividend of $1.30 on an annualized basis and a dividend yield of 5.11%. The Carlyle Group’s dividend payout ratio (DPR) is 23.77%.

Insider Buying and Selling at The Carlyle Group

In other news, major shareholder Carlyle Group Inc. sold 9,925 shares in a deal that took place on Wednesday August 17. The shares were sold at an average price of $20.25, for a total transaction of $200,981.25. Following the sale, the insider now owns 2,960,231 shares of the company, valued at $59,944,677.75. The transaction was disclosed in an SEC filing, available at this link. In other news from The Carlyle Group, Chief Financial Officer Curtis L. Buser sold 38,890 shares in a trade that took place on Monday, August 1. The shares were sold at an average price of $37.85, for a total value of $1,471,986.50. Following the transaction, the CFO now directly owns 1,094,484 shares of the company, valued at $41,426,219.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink. Additionally, major shareholder Carlyle Group Inc. sold 9,925 shares in a trade that took place on Wednesday, August 17. The stock was sold at an average price of $20.25, for a total transaction of $200,981.25. Following the completion of the transaction, the insider now owns 2,960,231 shares of the company, valued at $59,944,677.75. Disclosure of this sale can be found here. During the last quarter, insiders sold 630,787 shares of the company valued at $29,311,622. Company insiders own 29.80% of the company’s stock.

Institutional entries and exits

A number of hedge funds and other institutional investors have recently changed their positions in the company. Principal Street Partners LLC increased its equity stake in The Carlyle Group by 1.8% during the first quarter. Principal Street Partners LLC now owns 14,462 shares of the financial services provider worth $707,000 after purchasing an additional 261 shares during the period. CWM LLC increased its stake in The Carlyle Group by 21.0% during the second quarter. CWM LLC now owns 1,722 shares of the financial services provider worth $55,000 after buying 299 additional shares in the last quarter. Colonial River Wealth Management LLC increased its stake in The Carlyle Group by 6.4% in the 1st quarter. Colonial River Wealth Management LLC now owns 5,017 shares of the financial services provider worth $245,000 after buying 300 more shares last quarter. The New York State Teachers Retirement System increased its position in shares of The Carlyle Group by 2.1% in the 1st quarter. The New York State Teachers’ Retirement System now owns 14,300 shares of the financial services provider valued at $699,000 after buying an additional 300 shares last quarter. Finally, Mirador Capital Partners LP increased its position in shares of The Carlyle Group by 2.5% in the 2nd quarter. Mirador Capital Partners LP now owns 12,627 shares of the financial services provider valued at $400,000 after buying 307 additional shares in the last quarter. Hedge funds and other institutional investors hold 94.38% of the company’s shares.

Carlyle Group Company Profile

(Get an assessment)

The Carlyle Group Inc is an investment company specializing in direct investments and funds of funds. Within direct investments, she specializes in management led/leveraged buyouts, privatizations, divestitures, strategic minority equity investments, structured credit, global distressed and corporate opportunities, small and medium-sized enterprises market, private equity placements, consolidations and accumulations, senior debt, mezzanine and leveraged financing and venture capital and growth capital financings, seed/start-up, company start-up , emerging growth, turnaround, middle business, late business, PIPES.

Recommended Stories

This instant news alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Before you consider The Carlyle Group, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market ripples…and the Carlyle Group didn’t make the list.

While The Carlyle Group currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the five actions here

Comments are closed.