Thoroughbred Financial Services LLC Purchases 1,901 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Thoroughbred Financial Services LLC raised its position in The Carlyle Group Inc. (NASDAQ:CG) by 14.5% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 15,000 shares of the financial services provider’s stock after buying an additional 1,901 shares during the period. Thoroughbred Financial Services LLC’s holdings in The Carlyle Group were worth $602,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its stake in shares of The Carlyle Group by 22.8% in the 1st quarter. GAMMA Investing LLC now owns 1,156 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 215 shares during the period. Riverwater Partners LLC raised its stake in The Carlyle Group by 1.1% during the 1st quarter. Riverwater Partners LLC now owns 21,761 shares of the financial services provider’s stock worth $1,021,000 after buying an additional 228 shares during the period. Retirement Planning Co of New England Inc. increased its holdings in The Carlyle Group by 2.5% during the 1st quarter. Retirement Planning Co of New England Inc. now owns 11,314 shares of the financial services provider’s stock worth $531,000 after purchasing an additional 271 shares in the last quarter. Intrepid Capital Management Inc. increased its holdings in The Carlyle Group by 2.6% during the 4th quarter. Intrepid Capital Management Inc. now owns 12,103 shares of the financial services provider’s stock worth $492,000 after purchasing an additional 305 shares in the last quarter. Finally, Western Pacific Wealth Management LP increased its holdings in The Carlyle Group by 14.7% during the 1st quarter. Western Pacific Wealth Management LP now owns 2,447 shares of the financial services provider’s stock worth $115,000 after purchasing an additional 313 shares in the last quarter. 55.88% of the stock is currently owned by institutional investors.

The Carlyle Group Stock Up 2.6 %

NASDAQ CG opened at $41.08 on Tuesday. 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 Inc. has a 1-year low of $27.13 and a 1-year high of $50.92. The company has a 50 day moving average of $41.87 and a 200-day moving average of $43.05. The company has a market cap of $14.78 billion, a price-to-earnings ratio of -22.95, a PEG ratio of 1.13 and a beta of 1.73.

The Carlyle Group (NASDAQ:CG) last announced its quarterly earnings data on Monday, August 5th. The financial services provider reported $0.78 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 negative net margin of 11.67% and a positive return on equity of 24.30%. The firm’s revenue for the quarter was up 131.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.88 earnings per share. On average, equities research analysts expect that The Carlyle Group Inc. will post 3.76 earnings per share for the current fiscal year.

The Carlyle Group Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend was Friday, August 16th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.41%. The Carlyle Group’s payout ratio is presently -78.21%.

Insiders Place Their Bets

In related news, major shareholder Carlyle Group Inc. sold 78,180 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $39.94, for a total value of $3,122,509.20. Following the sale, the insider now owns 8,441,022 shares of the company’s stock, valued at $337,134,418.68. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last quarter, insiders have sold 1,969,673 shares of company stock valued at $71,897,412. 27.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Wells Fargo & Company assumed coverage on The Carlyle Group in a report on Thursday, September 12th. They issued an “equal weight” rating and a $42.00 price objective for the company. UBS Group decreased their price objective on The Carlyle Group from $45.00 to $44.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. JPMorgan Chase & Co. cut The Carlyle Group from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $46.00 to $44.00 in a report on Tuesday, August 6th. TD Cowen lifted their price target on The Carlyle Group from $41.00 to $42.00 and gave the stock a “hold” rating in a report on Tuesday, August 6th. Finally, Barclays reduced their price target on The Carlyle Group from $51.00 to $46.00 and set an “overweight” rating for the company in a report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $45.81.

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.