SMH Capital Advisors Inc. Invests $636,000 in The Carlyle Group Inc. (NASDAQ:CG)

SMH Capital Advisors Inc. bought a new position in shares of The Carlyle Group Inc. (NASDAQ:CG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 15,845 shares of the financial services provider’s stock, valued at approximately $636,000. The Carlyle Group comprises approximately 1.9% of SMH Capital Advisors Inc.’s portfolio, making the stock its 9th biggest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tobam acquired a new stake in The Carlyle Group in the second quarter worth approximately $27,000. SYSTM Wealth Solutions LLC bought a new stake in The Carlyle Group in the first quarter worth $34,000. Blue Trust Inc. boosted its holdings in The Carlyle Group by 506.3% in the second quarter. Blue Trust Inc. now owns 770 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 643 shares in the last quarter. GAMMA Investing LLC boosted its holdings in The Carlyle Group by 22.8% in the first quarter. GAMMA Investing LLC now owns 1,156 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 215 shares in the last quarter. Finally, 1832 Asset Management L.P. bought a new stake in The Carlyle Group during the first quarter valued at about $55,000. 55.88% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CG. Deutsche Bank Aktiengesellschaft dropped their price target on shares of The Carlyle Group from $55.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. TD Cowen increased their price target on shares of The Carlyle Group from $41.00 to $42.00 and gave the company a “hold” rating in a research note on Tuesday, August 6th. JPMorgan Chase & Co. lowered shares of The Carlyle Group from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $46.00 to $44.00 in a report on Tuesday, August 6th. Wells Fargo & Company started coverage on shares of The Carlyle Group in a report on Thursday, September 12th. They issued an “equal weight” rating and a $42.00 price target for the company. Finally, UBS Group decreased their price target on shares of The Carlyle Group from $45.00 to $44.00 and set a “neutral” rating for the company in a report on Wednesday, July 10th. One investment 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 Carlyle Group has an average rating of “Hold” and an average price target of $45.81.

The Carlyle Group Trading Up 0.8 %

The Carlyle Group stock opened at $42.32 on Thursday. The stock has a market cap of $15.23 billion, a P/E ratio of -23.64, a PEG ratio of 1.13 and a beta of 1.73. The Carlyle Group Inc. has a fifty-two week low of $27.13 and a fifty-two week high of $50.92. The firm’s fifty day moving average price is $41.90 and its 200-day moving average price is $43.02. 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 (NASDAQ:CG) last posted its quarterly earnings results on Monday, August 5th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.05). The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations 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 business’s quarterly revenue was up 131.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.88 earnings per share. Equities research analysts forecast that The Carlyle Group Inc. will post 3.76 earnings per share for the current fiscal year.

The Carlyle Group Dividend Announcement

The firm 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. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date was Friday, August 16th. The Carlyle Group’s dividend payout ratio is -78.21%.

Insider Activity at The Carlyle Group

In related news, major shareholder Carlyle Group Inc. sold 81,482 shares of the firm’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $33.19, for a total value of $2,704,387.58. Following the transaction, the insider now directly owns 11,617,068 shares of the company’s stock, valued at approximately $385,570,486.92. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders sold 1,902,466 shares of company stock valued at $69,552,560 over the last 90 days. Corporate insiders own 27.20% 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.