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

The Carlyle Group Inc. (NASDAQ:CG) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totalling 17,530,000 shares, a decline of 14.4% from the August 15th total of 20,480,000 shares. Currently, 9.1% of the company’s stock are short sold. Based on an average trading volume of 2,320,000 shares, the short-interest ratio is presently 7.6 days.

Insiders Place Their Bets

In other The Carlyle Group news, major shareholder Subsidiary Holdings L.L.C. Cg purchased 1,269,537 shares of the company’s stock in a transaction on Tuesday, September 12th. The stock was acquired at an average price of $8.52 per share, for a total transaction of $10,816,455.24. Following the completion of the purchase, the insider now directly owns 4,785,628 shares in the company, valued at approximately $40,773,550.56. The purchase was disclosed in a filing with the SEC, which is available through this link. In related news, COO Christopher Finn sold 27,067 shares of the business’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $32.36, for a total transaction of $875,888.12. Following the completion of the transaction, the chief operating officer now owns 955,587 shares in the company, valued at $30,922,795.32. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Subsidiary Holdings L.L.C. Cg bought 1,269,537 shares of the stock in a transaction that occurred on Tuesday, September 12th. The shares were purchased at an average price of $8.52 per share, with a total value of $10,816,455.24. Following the purchase, the insider now owns 4,785,628 shares of the company’s stock, valued at approximately $40,773,550.56. The disclosure for this purchase can be found here. Insiders sold a total of 84,916 shares of company stock worth $2,747,882 over the last 90 days. Corporate insiders own 27.00% of the company’s stock.

Institutional Investors Weigh In On The Carlyle Group

Large investors have recently added to or reduced their stakes in the company. CVA Family Office LLC grew its holdings in The Carlyle Group by 229.6% during the 4th quarter. CVA Family Office LLC now owns 890 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 620 shares in the last quarter. WealthPlan Investment Management LLC acquired a new position in The Carlyle Group during the 1st quarter worth $30,000. Freedom Wealth Alliance LLC acquired a new position in The Carlyle Group during the 4th quarter worth $31,000. Sunbelt Securities Inc. acquired a new position in The Carlyle Group during the 1st quarter worth $31,000. Finally, Western Pacific Wealth Management LP acquired a new position in The Carlyle Group during the 1st quarter worth $35,000. 55.88% of the stock is owned by institutional investors and hedge funds.

The Carlyle Group Trading Down 1.7 %

NASDAQ:CG traded down $0.57 during trading hours on Monday, reaching $32.98. 1,917,705 shares of the company were exchanged, compared to its average volume of 2,933,248. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.80 and a quick ratio of 2.79. The firm has a market cap of $11.87 billion, a price-to-earnings ratio of 29.19 and a beta of 1.70. The Carlyle Group has a 52-week low of $24.59 and a 52-week high of $38.32. The stock has a 50 day simple moving average of $32.55 and a 200 day simple moving average of $30.85.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.23. The Carlyle Group had a net margin of 13.11% and a return on equity of 24.12%. The company had revenue of $977.90 million for the quarter, compared to the consensus estimate of $809.12 million. As a group, analysts predict that The Carlyle Group will post 2.99 EPS for the current year.

The Carlyle Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 23rd. Stockholders of record on Tuesday, August 15th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date was Monday, August 14th. The Carlyle Group’s dividend payout ratio is presently 123.89%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on CG shares. Oppenheimer reduced their target price on shares of The Carlyle Group from $60.00 to $58.00 and set an “outperform” rating for the company in a report on Thursday, August 3rd. Morgan Stanley upped their target price on shares of The Carlyle Group from $34.00 to $35.00 and gave the company an “equal weight” rating in a report on Thursday, August 3rd. TheStreet cut shares of The Carlyle Group from a “b-” rating to a “c+” rating in a report on Tuesday, August 15th. StockNews.com began coverage on shares of The Carlyle Group in a report on Saturday, August 19th. They issued a “sell” rating for the company. Finally, UBS Group increased their price target on shares of The Carlyle Group from $28.00 to $35.00 and gave the stock a “neutral” rating in a report on Wednesday, July 19th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, The Carlyle Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.36.

About The Carlyle Group

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.