Qsemble Capital Management LP Purchases 15,273 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Qsemble Capital Management LP increased its position in shares of The Carlyle Group Inc. (NASDAQ:CG) by 140.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,120 shares of the financial services provider’s stock after purchasing an additional 15,273 shares during the period. Qsemble Capital Management LP’s holdings in The Carlyle Group were worth $1,225,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of CG. SYSTM Wealth Solutions LLC bought a new stake in The Carlyle Group in the first quarter valued at $34,000. CVA Family Office LLC bought a new stake in The Carlyle Group in the fourth quarter valued at $35,000. GAMMA Investing LLC bought a new stake in The Carlyle Group in the fourth quarter valued at $38,000. Global Retirement Partners LLC grew its position in The Carlyle Group by 41.2% in the first quarter. Global Retirement Partners LLC now owns 846 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 247 shares during the period. Finally, Gold Investment Management Ltd. bought a new stake in The Carlyle Group in the fourth quarter valued at $56,000. 55.88% of the stock is currently owned by institutional investors.

The Carlyle Group Price Performance

Shares of NASDAQ CG traded up $2.44 during mid-day trading on Tuesday, hitting $46.51. 3,257,330 shares of the stock traded hands, compared to its average volume of 2,219,977. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 1.53. The Carlyle Group Inc. has a twelve month low of $27.13 and a twelve month high of $48.52. The firm has a 50 day simple moving average of $41.61 and a two-hundred day simple moving average of $43.00.

The Carlyle Group (NASDAQ:CG) last announced its earnings results on Wednesday, May 1st. The financial services provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.92 by $0.09. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $986.10 million. The Carlyle Group had a positive return on equity of 23.92% and a negative net margin of 23.04%. The business’s quarterly revenue was up 35.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.63 EPS. Research analysts anticipate that The Carlyle Group Inc. will post 3.89 EPS for the current fiscal year.

The Carlyle Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 21st. Stockholders of record on Tuesday, May 14th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date was Monday, May 13th. The Carlyle Group’s dividend payout ratio is -78.21%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CG. Barclays cut their price target on The Carlyle Group from $56.00 to $47.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. UBS Group cut their price target on The Carlyle Group from $45.00 to $44.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. Jefferies Financial Group cut their price target on The Carlyle Group from $49.00 to $44.00 and set a “hold” rating on the stock in a research note on Thursday, May 9th. The Goldman Sachs Group cut their price target on The Carlyle Group from $54.00 to $48.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $48.00 price target (down previously from $50.00) on shares of The Carlyle Group in a research note on Thursday, May 2nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $44.93.

Insider Activity

In other news, major shareholder Carlyle Group Inc. sold 127,981 shares of the business’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $36.19, for a total value of $4,631,632.39. Following the transaction, the insider now directly owns 12,123,705 shares of the company’s stock, valued at approximately $438,756,883.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 833,161 shares of company stock valued at $28,411,148 in the last ninety days. 27.20% of the stock is owned by company insiders.

The Carlyle Group 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.