Short Interest in The Carlyle Group Inc. (NASDAQ:CG) Decreases By 8.4%

The Carlyle Group Inc. (NASDAQ:CG) was the target of a significant drop in short interest during the month of October. As of October 15th, there was short interest totalling 15,610,000 shares, a drop of 8.4% from the September 30th total of 17,040,000 shares. Approximately 7.6% of the shares of the stock are sold short. Based on an average trading volume of 2,570,000 shares, the days-to-cover ratio is presently 6.1 days.

Insider Activity at The Carlyle Group

In related news, major shareholder Carlyle Group Inc. sold 78,180 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $39.94, for a total transaction of $3,122,509.20. Following the completion of the sale, the insider now directly owns 8,441,022 shares in the company, valued at $337,134,418.68. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 1,872,366 shares of company stock valued at $11,580,308 over the last three months. 27.20% of the stock is owned by insiders.

Institutional Investors Weigh In On The Carlyle Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Tobam bought a new stake in shares of The Carlyle Group in the 2nd quarter worth $27,000. Blue Trust Inc. increased its stake in The Carlyle Group by 506.3% in the 2nd 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 during the last quarter. Rothschild Investment LLC bought a new position in shares of The Carlyle Group during the 2nd quarter worth approximately $50,000. 1832 Asset Management L.P. purchased a new position in shares of The Carlyle Group in the 1st quarter worth approximately $55,000. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its position in shares of The Carlyle Group by 1,600.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,700 shares of the financial services provider’s stock valued at $73,000 after acquiring an additional 1,600 shares during the last quarter. 55.88% of the stock is owned by institutional investors.

The Carlyle Group Price Performance

Shares of The Carlyle Group stock traded up $0.12 during trading on Friday, reaching $50.15. 697,580 shares of the company traded hands, compared to its average volume of 2,302,167. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 1.75. The company has a 50 day moving average price of $44.08 and a 200-day moving average price of $43.14. The Carlyle Group has a 1-year low of $28.16 and a 1-year high of $52.73.

The Carlyle Group (NASDAQ:CG) last issued its earnings results on Monday, August 5th. The financial services provider reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.05). The Carlyle Group had a negative net margin of 11.67% and a positive return on equity of 24.30%. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $808.73 million. During the same period in the previous year, the firm earned $0.88 earnings per share. The business’s quarterly revenue was up 131.5% on a year-over-year basis. On average, analysts anticipate that The Carlyle Group will post 3.71 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CG. Redburn Atlantic started coverage on shares of The Carlyle Group in a research note on Tuesday, August 27th. They set a “buy” rating and a $55.00 target price on the stock. UBS Group upped their target price on The Carlyle Group from $43.00 to $54.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. lifted their price target on The Carlyle Group from $44.00 to $50.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Wells Fargo & Company lifted their target price on shares of The Carlyle Group from $42.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 9th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of The Carlyle Group from $55.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $51.33.

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.