Company shares last traded at $20.25 barely above the 50 day moving average which is $18.27 and marginally over the 200 day moving average of $16.85. The 50 day moving average went up $1.98 or +10.85% whereas the 200 day average was up by +20.19%. 935K shares changed hands in the last trading session. Shares saw a steep increase in trading volume of 5.02% over the normal average daily volume.
Traders are more bearish on The Carlyle Group L.P. of late as evidenced by the rise in short interest. The firm saw a rise in short interest of 11.50% as of the latest report on May 31, 2017. Short shares increased 121,584 over that timeframe. With short interest at 1,178,756 and short average daily volume at 728,503, the short-interest ratio is 1.6 and the percentage of shorted shares is 0.01% as of May 31.
Here is the rundown on market activity for The Carlyle Group L.P. (NASDAQ:CG). CAO Pamela L. Bentley sold 9,928 shares at an average price of $17.40 on May 3rd. The CAO now owns $2,813,615 of the stock per an SEC filing yesterday. CFO Curtis L. Buser sold 8,294 shares at an average price of $16.13 on Tue the 2nd. Buser now owns $3,126,397 of stock as recorded in a recent Form 4 SEC filing.
Jeffrey W. Ferguson, General Counsel let go of $169,333 worth of shares at an average price of $16.13 on Tue the 2nd. That brings the General Counsel’s holdings to $1,198,685 as reported to the SEC.
The following firms have also recently changed their position in CG. As of quarter end Clinton Group Inc had disposed of a total of 76,856 shares trimming its position 48.2%. The value of the total investment in The Carlyle Group L.P. decreased from $2,432,000 to $1,317,000 a change of $1,115,000 quarter over quarter. Creative Planning augmented its stake by buying 1,950 shares an increase of 5.9% in the quarter. Creative Planning now controls 34,958 shares valued at $690,000. The total value of its holdings increased 31.2%.
Morgan Stanley cut its ownership by selling 44,511 shares a decrease of 1.4% as of 03/31/2017. Morgan Stanley claims 3,051,576 shares with a value of $48,673,000. The value of the position overall is up by 3.1%. Tower Research Capital LLC (trc) trimmed its holdings by selling 106 shares a decrease of 80.9% from 09/30/2016 to 03/31/2017. Tower Research Capital LLC (trc) controls 25 shares worth $0. The total value of its holdings decreased 100.0%.
On June 8 the company was rated “Buy” according to a Bank of America report up from the previous “Neutral” rating. On May 11 the company was upgraded from “Neutral” to “Outperform” in a statement from Credit Suisse.
October 14 investment analysts at Keefe Bruyette & Woods made no change to the stock rating of “Equal-Weight” but lowered the price expectation to $17.00 from $34.00. On July 28 Citigroup kept the stock rating at “Neutral” and raised the price target from $17.25 to $18.00.
On April 28 the stock rating was downgraded to “Market Perform” from “Outperform” in a report from Keefe Bruyette & Woods. On March 11 Deutsche Bank held the company rating at “Hold” and raised the price expectation to $16.00 from $14.00.
The company is now down by -1.94% since yesterday’s close of $20.65. Additionally The Carlyle Group L.P. recently declared a dividend for shareholders paid on Monday the 22nd of May 2017. The dividend payment was $0.348 per share for the quarter or $1.39 annualized. The dividend yield was $6.80. The ex-dividend date was set for Thursday the 11th of May 2017.
The Carlyle Group L.P.’s P/E ratio is 94.19 and the market value is 1.74B. In the latest earnings report the EPS was $0.22 and is expected to be $2.50 for the current year with 85,818,000 shares now outstanding. Next quarter’s EPS is forecasted at $0.47 with next year’s EPS projected to be $2.43.
The Carlyle Group L.P., launched on July 18, 2011, is a diversified multi-product global alternative asset management firm. The Company advises on various investment funds and other investment vehicles that invests across a range of industries, geographies, asset classes and investment strategies, and seeks to deliver returns for its fund investors. The Company operates in four segments: Corporate Private Equity (CPE), Real Assets, Global Market Strategies (GMS) and Investment Solutions. Across its Corporate Private Equity and Real Assets segments, as of December 31, 2016, it had investments in more than 270 active portfolio companies..