Glacier Peak Capital LLC Acquires New Position in The Carlyle Group LP (CG)

Glacier Peak Capital LLC bought a new stake in shares of The Carlyle Group LP (NASDAQ:CG) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 12,000 shares of the financial services provider’s stock, valued at approximately $256,000.

Several other large investors also recently bought and sold shares of the company. Amundi Pioneer Asset Management Inc. grew its holdings in shares of The Carlyle Group by 3.1% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 277,424 shares of the financial services provider’s stock valued at $5,923,000 after purchasing an additional 8,292 shares during the last quarter. LPL Financial LLC grew its holdings in shares of The Carlyle Group by 7.2% during the first quarter. LPL Financial LLC now owns 66,609 shares of the financial services provider’s stock valued at $1,422,000 after purchasing an additional 4,492 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of The Carlyle Group by 527.1% during the first quarter. The Manufacturers Life Insurance Company now owns 17,846 shares of the financial services provider’s stock valued at $381,000 after purchasing an additional 15,000 shares during the last quarter. UBS Group AG grew its holdings in shares of The Carlyle Group by 1.8% during the first quarter. UBS Group AG now owns 815,464 shares of the financial services provider’s stock valued at $17,410,000 after purchasing an additional 14,490 shares during the last quarter. Finally, Allen Investment Management LLC bought a new position in shares of The Carlyle Group during the first quarter valued at approximately $358,000. 41.99% of the stock is owned by institutional investors.

In other The Carlyle Group news, CAO Pamela L. Bentley sold 9,396 shares of the stock in a transaction on Wednesday, May 2nd. The stock was sold at an average price of $20.10, for a total transaction of $188,859.60. Following the completion of the transaction, the chief accounting officer now directly owns 150,764 shares of the company’s stock, valued at approximately $3,030,356.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

CG has been the subject of a number of recent analyst reports. Citigroup raised The Carlyle Group from a “neutral” rating to a “buy” rating and set a $28.50 price objective for the company in a report on Monday, March 12th. Oppenheimer set a $33.00 price objective on The Carlyle Group and gave the stock a “buy” rating in a report on Tuesday, May 1st. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $28.00 price objective on shares of The Carlyle Group in a report on Thursday, April 12th. Morgan Stanley set a $34.00 price objective on The Carlyle Group and gave the stock a “buy” rating in a report on Thursday, March 1st. Finally, Deutsche Bank decreased their price objective on The Carlyle Group from $25.00 to $23.00 and set a “hold” rating for the company in a report on Friday, April 6th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The Carlyle Group currently has an average rating of “Buy” and a consensus price target of $28.40.

NASDAQ CG traded down $0.08 on Thursday, reaching $22.53. 28,939 shares of the stock traded hands, compared to its average volume of 626,658. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.71 and a current ratio of 0.86. The firm has a market cap of $2.30 billion, a P/E ratio of 6.49 and a beta of 1.80. The Carlyle Group LP has a 12 month low of $18.15 and a 12 month high of $25.90.

The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results on Tuesday, May 1st. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.16. The firm had revenue of $702.80 million during the quarter, compared to analyst estimates of $563.57 million. The Carlyle Group had a return on equity of 41.26% and a net margin of 6.16%. The firm’s quarterly revenue was down 37.3% on a year-over-year basis. During the same period last year, the company posted $1.09 EPS. research analysts predict that The Carlyle Group LP will post 2.28 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, May 17th. Shareholders of record on Friday, May 11th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 4.79%. The ex-dividend date was Thursday, May 10th. The Carlyle Group’s payout ratio is currently 31.12%.

The Carlyle Group Profile

The Carlyle Group LP is an investment firm specializing in direct and fund of fund investments in Fintech sector. 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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Institutional Ownership by Quarter for The Carlyle Group (NASDAQ:CG)

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