The Carlyle Group Inc. (NASDAQ:CG) Short Interest Update

The Carlyle Group Inc. (NASDAQ:CGGet Rating) was the recipient of a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 12,840,000 shares, a growth of 76.4% from the April 30th total of 7,280,000 shares. Currently, 6.8% of the shares of the stock are sold short. Based on an average trading volume of 2,690,000 shares, the days-to-cover ratio is presently 4.8 days.

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 85,323 shares of The Carlyle Group stock in a transaction on Wednesday, April 13th. The shares were sold at an average price of $57.13, for a total transaction of $4,874,502.99. Following the sale, the insider now owns 41,671,945 shares of the company’s stock, valued at approximately $2,380,718,217.85. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold a total of 93,969 shares of company stock worth $5,369,291 in the last three months. 29.80% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the business. Moore Capital Management LP increased its holdings in The Carlyle Group by 75.8% during the 3rd quarter. Moore Capital Management LP now owns 1,013,996 shares of the financial services provider’s stock worth $47,942,000 after purchasing an additional 437,049 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of The Carlyle Group by 1.6% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 98,925 shares of the financial services provider’s stock worth $5,431,000 after acquiring an additional 1,512 shares in the last quarter. Bank of America Corp DE grew its position in shares of The Carlyle Group by 17.5% in the 4th quarter. Bank of America Corp DE now owns 2,001,252 shares of the financial services provider’s stock worth $109,868,000 after acquiring an additional 298,147 shares in the last quarter. Van ECK Associates Corp acquired a new position in shares of The Carlyle Group in the 4th quarter worth approximately $417,000. Finally, Rockefeller Capital Management L.P. grew its position in shares of The Carlyle Group by 7.9% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 38,211 shares of the financial services provider’s stock worth $1,806,000 after acquiring an additional 2,803 shares in the last quarter. Institutional investors own 93.84% of the company’s stock.

Shares of NASDAQ:CG opened at $39.60 on Friday. The stock’s 50-day moving average price is $41.31 and its two-hundred day moving average price is $47.65. The firm has a market cap of $14.32 billion, a price-to-earnings ratio of 5.39, a PEG ratio of 0.36 and a beta of 1.55. The company has a current ratio of 2.65, a quick ratio of 2.65 and a debt-to-equity ratio of 1.25. The Carlyle Group has a 12-month low of $34.62 and a 12-month high of $60.62.

The Carlyle Group (NASDAQ:CGGet Rating) last released its quarterly earnings data on Thursday, April 28th. The financial services provider reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.24). The firm had revenue of $779.50 million during the quarter, compared to analysts’ expectations of $1.06 billion. The Carlyle Group had a return on equity of 41.54% and a net margin of 33.77%. The business’s revenue for the quarter was up 27.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.58 earnings per share. As a group, research analysts forecast that The Carlyle Group will post 4.17 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 17th. Investors of record on Tuesday, May 10th were issued a dividend of $0.325 per share. This is an increase from The Carlyle Group’s previous quarterly dividend of $0.25. This represents a $1.30 annualized dividend and a dividend yield of 3.28%. The ex-dividend date of this dividend was Monday, May 9th. The Carlyle Group’s dividend payout ratio (DPR) is presently 17.69%.

A number of analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft cut their price target on shares of The Carlyle Group from $68.00 to $64.00 in a research note on Thursday, May 19th. The Goldman Sachs Group cut their price target on shares of The Carlyle Group from $66.00 to $56.00 and set a “buy” rating on the stock in a research note on Tuesday, March 29th. BMO Capital Markets cut their price target on shares of The Carlyle Group from $69.00 to $60.00 in a research note on Friday, April 29th. Morgan Stanley lowered their price objective on The Carlyle Group from $59.00 to $54.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 20th. Finally, Oppenheimer boosted their price objective on The Carlyle Group from $71.00 to $80.00 in a research report on Wednesday, April 13th. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, The Carlyle Group currently has an average rating of “Buy” and a consensus price target of $58.45.

The Carlyle Group Company Profile (Get Rating)

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.

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