GAMMA Investing LLC Buys 3,332 Shares of The Carlyle Group Inc. (NASDAQ:CG)

GAMMA Investing LLC increased its position in shares of The Carlyle Group Inc. (NASDAQ:CG) by 288.2% during the 2nd quarter, Holdings Channel reports. The fund owned 4,488 shares of the financial services provider’s stock after buying an additional 3,332 shares during the quarter. GAMMA Investing LLC’s holdings in The Carlyle Group were worth $180,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. SYSTM Wealth Solutions LLC acquired a new stake in shares of The Carlyle Group during the first quarter worth about $34,000. Global Retirement Partners LLC raised its holdings in The Carlyle Group by 41.2% during the 1st quarter. Global Retirement Partners LLC now owns 846 shares of the financial services provider’s stock worth $40,000 after buying an additional 247 shares during the period. 1832 Asset Management L.P. bought a new position in The Carlyle Group in the first quarter valued at approximately $55,000. Gold Investment Management Ltd. bought a new stake in shares of The Carlyle Group during the fourth quarter worth $56,000. Finally, Compass Wealth Management LLC acquired a new stake in shares of The Carlyle Group during the first quarter worth $57,000. Institutional investors and hedge funds own 55.88% of the company’s stock.

Insider Buying and Selling at The Carlyle Group

In other The Carlyle Group news, major shareholder Carlyle Group Inc. sold 127,981 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $36.19, for a total transaction of $4,631,632.39. Following the completion of the sale, the insider now directly owns 12,123,705 shares in the company, valued at $438,756,883.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 2,065,207 shares of company stock worth $74,807,347 over the last ninety days. Insiders own 27.20% of the company’s stock.

The Carlyle Group Stock Performance

NASDAQ:CG traded down $0.64 during mid-day trading on Tuesday, hitting $40.27. The stock had a trading volume of 2,725,847 shares, compared to its average volume of 2,268,035. The company’s 50 day simple moving average is $42.55 and its 200 day simple moving average is $43.73. The stock has a market cap of $14.49 billion, a price-to-earnings ratio of -22.31, a PEG ratio of 1.38 and a beta of 1.75. The company has a debt-to-equity ratio of 1.53, a quick ratio of 2.53 and a current ratio of 2.53. The Carlyle Group Inc. has a twelve month low of $27.13 and a twelve month high of $50.92.

The Carlyle Group (NASDAQ:CG) last issued its earnings results 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 Carlyle Group had a positive return on equity of 23.92% and a negative net margin of 23.04%. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $808.73 million. During the same quarter in the prior year, the firm posted $0.88 earnings per share. The business’s revenue was up 131.5% compared to the same quarter last year. On average, equities research analysts forecast that The Carlyle Group Inc. will post 3.87 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CG. Keefe, Bruyette & Woods lowered their target price on The Carlyle Group from $48.00 to $46.00 and set a “market perform” rating for the company in a report on Tuesday. TD Cowen boosted their target price on The Carlyle Group from $41.00 to $42.00 and gave the company a “hold” rating in a research note on Tuesday. Jefferies Financial Group decreased their price target on shares of The Carlyle Group from $49.00 to $44.00 and set a “hold” rating for the company in a research note on Thursday, May 9th. UBS Group cut their price objective on shares of The Carlyle Group from $45.00 to $44.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 10th. Finally, The Goldman Sachs Group lowered their price target on shares of The Carlyle Group from $54.00 to $48.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $45.57.

The Carlyle Group 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.