The Carlyle Group Inc. (NASDAQ:CG) Sees Significant Growth in Short Interest

The Carlyle Group Inc. (NASDAQ:CG) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totalling 17,040,000 shares, an increase of 5.9% from the September 15th total of 16,090,000 shares. Approximately 8.3% of the company’s stock are sold short. Based on an average daily trading volume, of 2,430,000 shares, the days-to-cover ratio is currently 7.0 days.

The Carlyle Group Price Performance

Shares of NASDAQ:CG traded up $1.92 on Thursday, hitting $51.34. The company had a trading volume of 8,815,335 shares, compared to its average volume of 2,329,625. The company has a market cap of $18.48 billion, a PE ratio of -28.68, a PEG ratio of 1.25 and a beta of 1.73. The business has a 50 day moving average of $42.26 and a 200 day moving average of $42.93. The Carlyle Group has a 52-week low of $27.13 and a 52-week high of $51.40. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 1.75.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings results on Monday, August 5th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.05). The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $808.73 million. The Carlyle Group had a positive return on equity of 24.30% and a negative net margin of 11.67%. The Carlyle Group’s revenue for the quarter was up 131.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.88 earnings per share. As a group, equities analysts anticipate that The Carlyle Group will post 3.76 earnings per share for the current fiscal year.

The Carlyle Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 26th. Shareholders of record on Friday, August 16th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date was Friday, August 16th. The Carlyle Group’s dividend payout ratio is presently -78.21%.

Analyst Ratings Changes

CG has been the subject of several recent analyst reports. JMP Securities restated a “market outperform” rating and set a $60.00 price objective on shares of The Carlyle Group in a research report on Wednesday, October 9th. Redburn Atlantic started coverage on shares of The Carlyle Group in a report on Tuesday, August 27th. They issued a “buy” rating and a $55.00 target price on the stock. Deutsche Bank Aktiengesellschaft reduced their target price on shares of The Carlyle Group from $55.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, August 15th. Barclays lifted their target price on The Carlyle Group from $46.00 to $50.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Finally, TD Cowen raised their target price on shares of The Carlyle Group from $41.00 to $42.00 and gave the stock a “hold” rating in a research note on Tuesday, August 6th. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $50.27.

Insider Buying and Selling

In other news, major shareholder Carlyle Group Inc. sold 275,000 shares of the firm’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $2.20, for a total value of $605,000.00. Following the sale, the insider now directly owns 2,405,461 shares in the company, valued at approximately $5,292,014.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last ninety days, insiders have sold 2,884,335 shares of company stock worth $50,746,281. Company insiders own 27.20% of the company’s stock.

Hedge Funds Weigh In On The Carlyle Group

Several institutional investors have recently added to or reduced their stakes in the business. Tobam acquired a new position in The Carlyle Group during the 2nd quarter worth $27,000. Blue Trust Inc. raised its stake in The Carlyle Group by 506.3% during the second quarter. Blue Trust Inc. now owns 770 shares of the financial services provider’s stock valued at $31,000 after buying an additional 643 shares in the last quarter. Rothschild Investment LLC acquired a new position in shares of The Carlyle Group in the 2nd quarter worth approximately $50,000. GAMMA Investing LLC raised its position in shares of The Carlyle Group by 22.8% during the 1st quarter. GAMMA Investing LLC now owns 1,156 shares of the financial services provider’s stock valued at $54,000 after acquiring an additional 215 shares in the last quarter. Finally, 1832 Asset Management L.P. bought a new position in The Carlyle Group during the first quarter worth $55,000. 55.88% of the stock is currently owned by institutional investors and hedge funds.

The Carlyle Group Company Profile

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.