The Carlyle Group Inc. (NASDAQ:CG) Sees Large Decrease in Short Interest

The Carlyle Group Inc. (NASDAQ:CG) was the target of a significant decline in short interest in March. As of March 31st, there was short interest totalling 15,490,000 shares, a decline of 5.7% from the March 15th total of 16,430,000 shares. Based on an average daily volume of 2,360,000 shares, the days-to-cover ratio is currently 6.6 days. Approximately 7.7% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

CG has been the subject of several recent research reports. Morgan Stanley increased their price objective on The Carlyle Group from $34.00 to $40.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. JMP Securities raised their target price on shares of The Carlyle Group from $52.00 to $58.00 and gave the stock a “market outperform” rating in a research note on Thursday, February 8th. JPMorgan Chase & Co. increased their price target on The Carlyle Group from $39.00 to $45.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. TD Cowen began coverage on The Carlyle Group in a research report on Thursday, January 4th. They set a “market perform” rating and a $42.00 price target for the company. Finally, Barclays raised their target price on The Carlyle Group from $55.00 to $56.00 and gave the company an “overweight” rating in a report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $43.07.

Insiders Place Their Bets

In other The Carlyle Group news, major shareholder Carlyle Group Inc. acquired 190,000 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was acquired at an average cost of $12.95 per share, for a total transaction of $2,460,500.00. Following the completion of the transaction, the insider now directly owns 1,066,189 shares of the company’s stock, valued at $13,807,147.55. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 27.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On The Carlyle Group

Large investors have recently bought and sold shares of the company. AdvisorNet Financial Inc lifted its stake in shares of The Carlyle Group by 125.5% in the third quarter. AdvisorNet Financial Inc now owns 814 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 453 shares during the period. CVA Family Office LLC purchased a new stake in The Carlyle Group in the 4th quarter valued at approximately $35,000. GAMMA Investing LLC acquired a new position in shares of The Carlyle Group in the fourth quarter worth $38,000. Sunbelt Securities Inc. purchased a new position in The Carlyle Group in the 1st quarter valued at about $31,000. Finally, Compass Wealth Management LLC purchased a new stake in The Carlyle Group in the 1st quarter worth approximately $57,000. Hedge funds and other institutional investors own 55.88% of the company’s stock.

The Carlyle Group Stock Down 1.0 %

CG opened at $44.63 on Thursday. The business’s 50-day simple moving average is $45.85 and its 200-day simple moving average is $38.88. The Carlyle Group has a one year low of $25.20 and a one year high of $48.52. The stock has a market capitalization of $16.16 billion, a P/E ratio of -26.41, a price-to-earnings-growth ratio of 0.97 and a beta of 1.79. The company has a debt-to-equity ratio of 1.52, a quick ratio of 2.27 and a current ratio of 2.27.

The Carlyle Group (NASDAQ:CG) last announced its earnings results on Wednesday, February 7th. The financial services provider reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.08. The business had revenue of $896.40 million during the quarter, compared to analysts’ expectations of $860.68 million. The Carlyle Group had a negative net margin of 20.53% and a positive return on equity of 19.74%. The business’s revenue was down 15.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.01 earnings per share. Analysts anticipate that The Carlyle Group will post 3.93 EPS for the current year.

The Carlyle Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 23rd were given a $0.35 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $1.40 dividend on an annualized basis and a yield of 3.14%. The Carlyle Group’s dividend payout ratio (DPR) is -82.84%.

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.