The Carlyle Group (NASDAQ:CG) was the target of a large growth in short interest during the month of May. As of May 15th, there was short interest totalling 1,014,021 shares, a growth of 38.2% from the April 30th total of 733,605 shares. Based on an average daily volume of 816,659 shares, the short-interest ratio is currently 1.2 days. Approximately 1.1% of the company’s stock are short sold.
The Carlyle Group stock opened at $21.80 on Monday. The Carlyle Group has a 12 month low of $17.15 and a 12 month high of $25.90. The company has a current ratio of 0.86, a quick ratio of 0.71 and a debt-to-equity ratio of 2.32. The company has a market capitalization of $2.21 billion, a P/E ratio of 6.28 and a beta of 1.75.
The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings data on Tuesday, May 1st. The financial services provider reported $0.47 EPS for the quarter, beating the consensus estimate of $0.31 by $0.16. The Carlyle Group had a return on equity of 41.26% and a net margin of 6.16%. The business had revenue of $702.80 million for the quarter, compared to the consensus estimate of $563.57 million. During the same quarter in the prior year, the business earned $1.09 earnings per share. The Carlyle Group’s revenue for the quarter was down 37.3% on a year-over-year basis. analysts predict that The Carlyle Group will post 2.28 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 17th. Investors of record on Friday, May 11th were paid a $0.27 dividend. The ex-dividend date of this dividend was Thursday, May 10th. This represents a $1.08 annualized dividend and a yield of 4.95%. The Carlyle Group’s payout ratio is 31.12%.
A number of brokerages have recently weighed in on CG. Jefferies Group upgraded The Carlyle Group from a “hold” rating to a “buy” rating and boosted their target price for the stock from $23.45 to $27.00 in a research note on Wednesday, February 14th. Credit Suisse Group boosted their target price on The Carlyle Group from $27.00 to $28.00 and gave the stock an “outperform” rating in a research note on Thursday, February 8th. BidaskClub downgraded The Carlyle Group from a “sell” rating to a “strong sell” rating in a research note on Monday, April 30th. TheStreet downgraded The Carlyle Group from a “b” rating to a “c” rating in a research note on Tuesday, May 1st. Finally, Citigroup upped their price objective on The Carlyle Group from $28.50 to $29.00 and gave the company a “buy” rating in a research note on Wednesday, May 2nd. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The Carlyle Group presently has a consensus rating of “Buy” and a consensus price target of $28.40.
In other news, CAO Pamela L. Bentley sold 9,396 shares of the business’s stock in a transaction that occurred on Wednesday, May 2nd. The stock was sold at an average price of $20.10, for a total value of $188,859.60. Following the transaction, the chief accounting officer now owns 150,764 shares in the company, valued at approximately $3,030,356.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Institutional investors have recently bought and sold shares of the stock. Pinnacle Holdings LLC bought a new stake in The Carlyle Group during the 4th quarter valued at $103,000. IFP Advisors Inc raised its holdings in The Carlyle Group by 305.7% during the 1st quarter. IFP Advisors Inc now owns 4,986 shares of the financial services provider’s stock valued at $106,000 after acquiring an additional 3,757 shares during the period. Synovus Financial Corp bought a new stake in The Carlyle Group during the 1st quarter valued at $129,000. AdvisorNet Financial Inc bought a new stake in The Carlyle Group during the 1st quarter valued at $173,000. Finally, 180 Wealth Advisors LLC bought a new stake in The Carlyle Group during the 4th quarter valued at $219,000. Institutional investors and hedge funds own 41.92% of the company’s stock.
The Carlyle Group Company Profile
The Carlyle Group LP is an investment firm specializing in direct and fund of fund investments in Fintech sector. 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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