Investors Purchase Large Volume of Call Options on The Carlyle Group (CG)

The Carlyle Group LP (NASDAQ:CG) was the recipient of unusually large options trading on Tuesday. Stock investors bought 1,545 call options on the stock. This represents an increase of 1,579% compared to the typical volume of 92 call options.

In related news, CFO Curtis L. Buser sold 31,200 shares of the business’s stock in a transaction that occurred on Wednesday, February 13th. The stock was sold at an average price of $18.55, for a total transaction of $578,760.00. Following the completion of the sale, the chief financial officer now directly owns 641,909 shares in the company, valued at $11,907,411.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

A number of hedge funds and other institutional investors have recently modified their holdings of CG. Pennsylvania Trust Co grew its position in shares of The Carlyle Group by 84.9% in the first quarter. Pennsylvania Trust Co now owns 24,302 shares of the financial services provider’s stock valued at $4,572,000 after purchasing an additional 11,157 shares during the period. LGT Capital Partners LTD. grew its position in shares of The Carlyle Group by 22.7% in the first quarter. LGT Capital Partners LTD. now owns 405,000 shares of the financial services provider’s stock valued at $7,403,000 after purchasing an additional 75,000 shares during the period. North Star Investment Management Corp. grew its position in shares of The Carlyle Group by 7.3% in the first quarter. North Star Investment Management Corp. now owns 13,200 shares of the financial services provider’s stock valued at $241,000 after purchasing an additional 900 shares during the period. Cordasco Financial Network purchased a new stake in shares of The Carlyle Group in the first quarter valued at $41,000. Finally, Geode Capital Management LLC grew its position in shares of The Carlyle Group by 12.3% in the fourth quarter. Geode Capital Management LLC now owns 89,204 shares of the financial services provider’s stock valued at $1,404,000 after purchasing an additional 9,767 shares during the period. Institutional investors own 44.62% of the company’s stock.

Shares of The Carlyle Group stock opened at $19.20 on Wednesday. The Carlyle Group has a 52 week low of $15.09 and a 52 week high of $25.25. The company has a current ratio of 2.54, a quick ratio of 2.52 and a debt-to-equity ratio of 2.61. The firm has a market capitalization of $2.06 billion, a PE ratio of 7.30 and a beta of 1.65.

The Carlyle Group (NASDAQ:CG) last posted its earnings results on Wednesday, February 6th. The financial services provider reported ($0.15) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.36) by $0.21. The Carlyle Group had a return on equity of 12.27% and a net margin of 4.56%. The firm had revenue of $151.70 million for the quarter, compared to analyst estimates of $143.99 million. During the same quarter in the prior year, the company earned $1.01 EPS. Equities analysts forecast that The Carlyle Group will post 1.96 earnings per share for the current fiscal year.

CG has been the subject of several analyst reports. BidaskClub cut The Carlyle Group from a “hold” rating to a “sell” rating in a report on Tuesday, April 9th. Zacks Investment Research cut The Carlyle Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 8th. CIBC restated a “hold” rating and issued a $9.00 target price on shares of The Carlyle Group in a report on Monday, April 8th. Bank of America cut The Carlyle Group from a “buy” rating to a “neutral” rating and dropped their target price for the company from $23.00 to $20.00 in a report on Friday, March 29th. Finally, Canaccord Genuity restated an “average” rating and issued a $9.00 target price on shares of The Carlyle Group in a report on Monday, March 25th. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $20.91.

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About The Carlyle Group

The Carlyle Group L.P. 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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