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

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. TD Cowen increased their target price on The Carlyle Group from $41.00 to $42.00 and gave the stock a “hold” rating in a report on Tuesday, August 6th. Keefe, Bruyette & Woods reduced their target price on shares of The Carlyle Group from $48.00 to $46.00 and set a “market perform” rating on the stock in a research note on Tuesday, August 6th. Barclays lifted their target price on shares of The Carlyle Group from $46.00 to $50.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Deutsche Bank Aktiengesellschaft dropped their price target on The Carlyle Group from $55.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, August 15th. Finally, Oppenheimer boosted their price objective on The Carlyle Group from $64.00 to $78.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, The Carlyle Group currently has an average rating of “Hold” and a consensus price target of $51.33.

The Carlyle Group Stock Performance

Shares of The Carlyle Group stock traded up $0.12 on Friday, hitting $50.15. 697,580 shares of the company’s stock traded hands, compared to its average volume of 2,302,167. The company has a debt-to-equity ratio of 1.75, a quick ratio of 2.55 and a current ratio of 2.55. The Carlyle Group has a one year low of $28.16 and a one year high of $52.73. The firm’s 50-day moving average price is $44.08 and its two-hundred day moving average price is $43.14.

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

Insider Transactions at The Carlyle Group

In related news, major shareholder Carlyle Group Inc. sold 118,172 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $40.37, for a total value of $4,770,603.64. Following the completion of the sale, the insider now owns 8,606,174 shares in the company, valued at approximately $347,431,244.38. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 1,872,366 shares of company stock worth $11,580,308 over the last three months. 27.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On The Carlyle Group

Several institutional investors have recently modified their holdings of the business. Westbourne Investment Advisors Inc. lifted its stake in The Carlyle Group by 3.6% in the 3rd quarter. Westbourne Investment Advisors Inc. now owns 5,700 shares of the financial services provider’s stock valued at $245,000 after acquiring an additional 200 shares in the last quarter. Bleakley Financial Group LLC lifted its position in The Carlyle Group by 0.5% during the 3rd quarter. Bleakley Financial Group LLC now owns 41,742 shares of the financial services provider’s stock worth $1,797,000 after buying an additional 208 shares in the last quarter. Tobam boosted its stake in shares of The Carlyle Group by 32.8% during the 3rd quarter. Tobam now owns 890 shares of the financial services provider’s stock worth $38,000 after buying an additional 220 shares during the last quarter. Retirement Planning Co of New England Inc. increased its position in shares of The Carlyle Group by 2.5% in the first quarter. Retirement Planning Co of New England Inc. now owns 11,314 shares of the financial services provider’s stock valued at $531,000 after acquiring an additional 271 shares during the last quarter. Finally, Western Pacific Wealth Management LP raised its holdings in The Carlyle Group by 14.7% during the first quarter. Western Pacific Wealth Management LP now owns 2,447 shares of the financial services provider’s stock worth $115,000 after acquiring an additional 313 shares in the last quarter. Institutional investors own 55.88% of the company’s stock.

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.