SMH Capital Advisors Inc. Purchases New Holdings in Carlyle Group Inc. $CG

SMH Capital Advisors Inc. acquired a new stake in Carlyle Group Inc. (NASDAQ:CG) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 18,795 shares of the financial services provider’s stock, valued at approximately $745,000. Carlyle Group comprises approximately 2.8% of SMH Capital Advisors Inc.’s investment portfolio, making the stock its 10th largest holding.

A number of other institutional investors have also made changes to their positions in CG. Mirae Asset Global Investments Co. Ltd. bought a new position in Carlyle Group in the third quarter valued at $162,000. MGO One Seven LLC increased its stake in Carlyle Group by 4.3% in the 3rd quarter. MGO One Seven LLC now owns 6,904 shares of the financial services provider’s stock valued at $274,000 after buying an additional 283 shares during the last quarter. D.A. Davidson & CO. increased its stake in Carlyle Group by 6.9% in the 3rd quarter. D.A. Davidson & CO. now owns 21,748 shares of the financial services provider’s stock valued at $863,000 after buying an additional 1,400 shares during the last quarter. North Dakota State Investment Board lifted its position in Carlyle Group by 4.5% during the 3rd quarter. North Dakota State Investment Board now owns 8,127 shares of the financial services provider’s stock worth $322,000 after buying an additional 349 shares in the last quarter. Finally, Apollon Wealth Management LLC lifted its position in Carlyle Group by 18.6% during the 3rd quarter. Apollon Wealth Management LLC now owns 27,104 shares of the financial services provider’s stock worth $1,075,000 after buying an additional 4,251 shares in the last quarter. Institutional investors own 55.88% of the company’s stock.

Insider Transactions at Carlyle Group

In other news, Director David Rubenstein sold 400,000 shares of the firm’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $42.74, for a total value of $17,096,000.00. Following the completion of the sale, the director directly owned 26,899,644 shares of the company’s stock, valued at $1,149,690,784.56. This trade represents a 1.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 25.40% of the stock is owned by corporate insiders.

Carlyle Group Stock Up 2.2%

Shares of CG stock opened at $41.06 on Tuesday. Carlyle Group Inc. has a 52-week low of $35.41 and a 52-week high of $67.30. The stock has a market cap of $14.63 billion, a price-to-earnings ratio of 42.77, a PEG ratio of 1.25 and a beta of 1.88. The firm’s 50-day moving average is $41.30 and its 200-day moving average is $47.23. The company has a debt-to-equity ratio of 1.91, a quick ratio of 2.35 and a current ratio of 2.35.

Carlyle Group (NASDAQ:CG) last posted its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.16. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $923.50 million. Carlyle Group had a return on equity of 22.52% and a net margin of 10.08%. Carlyle Group’s quarterly revenue was down 28.6% on a year-over-year basis. During the same quarter last year, the company posted $0.87 earnings per share. Sell-side analysts predict that Carlyle Group Inc. will post 3.54 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Evercore set a $51.00 price objective on Carlyle Group in a report on Thursday, August 6th. Citigroup reaffirmed an “outperform” rating on shares of Carlyle Group in a research report on Thursday, August 6th. Weiss Ratings lowered Carlyle Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday. Royal Bank Of Canada reduced their price target on Carlyle Group from $58.00 to $48.00 and set a “sector perform” rating for the company in a research report on Monday, October 5th. Finally, Wells Fargo & Company initiated coverage on Carlyle Group in a research note on Friday, October 2nd. They issued an “equal weight” rating and a $43.00 price target for the company. Eight investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $53.00.

Carlyle Group Company Profile

The Carlyle Group Inc is a global investment firm that manages alternative assets for institutional investors, private wealth clients and other investors. The company invests across a range of strategies, including private equity, global credit and investment solutions.

Carlyle’s investment activities include corporate buyouts, growth capital, real estate-related investments, private lending and other credit strategies. Through its investment platforms, the firm provides capital to companies and seeks to support business growth, operational improvement and long-term value creation across a variety of industries.

Founded in 1987, Carlyle is headquartered in Washington, DC, and serves clients and investment opportunities across North America, Europe, Asia-Pacific and other international markets.