Short Interest in The Carlyle Group LP (CG) Increases By 66.1%

The Carlyle Group LP (NASDAQ:CG) saw a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 2,092,041 shares, an increase of 66.1% from the October 15th total of 1,259,720 shares. Based on an average daily trading volume, of 736,738 shares, the days-to-cover ratio is currently 2.8 days. Currently, 2.3% of the company’s shares are short sold.

In other news, Director Janet Hill bought 5,000 shares of the firm’s stock in a transaction on Monday, November 5th. The stock was bought at an average cost of $20.19 per share, for a total transaction of $100,950.00. Following the completion of the acquisition, the director now directly owns 41,680 shares in the company, valued at approximately $841,519.20. The purchase was disclosed in a document filed with the SEC, which is available at this link.

A number of institutional investors and hedge funds have recently modified their holdings of CG. Tuttle Tactical Management bought a new position in The Carlyle Group during the second quarter valued at approximately $107,000. Westbourne Investment Advisors Inc. bought a new position in The Carlyle Group during the third quarter valued at approximately $113,000. North Star Investment Management Corp. bought a new position in The Carlyle Group during the second quarter valued at approximately $145,000. Cornerstone Wealth Management LLC bought a new position in The Carlyle Group during the third quarter valued at approximately $200,000. Finally, Palo Capital Inc. bought a new position in The Carlyle Group during the second quarter valued at approximately $214,000. 39.94% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ CG opened at $19.95 on Friday. The company has a quick ratio of 0.61, a current ratio of 0.68 and a debt-to-equity ratio of 2.35. The company has a market capitalization of $2.21 billion, a PE ratio of 5.75 and a beta of 1.65. The Carlyle Group has a 52-week low of $18.06 and a 52-week high of $25.90.

The Carlyle Group (NASDAQ:CG) last posted its quarterly earnings results on Wednesday, October 31st. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.24). The company had revenue of $679.10 million during the quarter, compared to analysts’ expectations of $660.04 million. The Carlyle Group had a return on equity of 26.30% and a net margin of 5.47%. The Carlyle Group’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period last year, the company earned $0.56 earnings per share. Sell-side analysts predict that The Carlyle Group will post 1.94 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 20th. Stockholders of record on Tuesday, November 13th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 8.42%. This is a positive change from The Carlyle Group’s previous quarterly dividend of $0.22. The ex-dividend date is Friday, November 9th. The Carlyle Group’s dividend payout ratio is 25.36%.

Several research analysts have commented on the stock. BidaskClub cut shares of The Carlyle Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 7th. ValuEngine lowered shares of The Carlyle Group from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 2nd. Citigroup increased their price target on shares of The Carlyle Group from $29.00 to $32.00 and gave the stock a “buy” rating in a research report on Thursday, August 2nd. Zacks Investment Research raised shares of The Carlyle Group from a “strong sell” rating to a “hold” rating in a research report on Friday, November 2nd. Finally, Deutsche Bank reduced their price target on shares of The Carlyle Group from $26.00 to $24.00 and set a “hold” rating for the company in a research report on Thursday, October 11th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. The Carlyle Group currently has a consensus rating of “Buy” and an average target price of $29.00.

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The Carlyle Group Company Profile

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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