Slow Capital Inc. Lowers Stock Position in The Carlyle Group LP (NASDAQ:CG)
Slow Capital Inc. cut its stake in shares of The Carlyle Group LP (NASDAQ:CG) by 4.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 89,574 shares of the financial services provider’s stock after selling 3,900 shares during the period. Slow Capital Inc. owned 0.08% of The Carlyle Group worth $2,025,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in CG. Bank of Montreal Can raised its stake in shares of The Carlyle Group by 36.8% in the 1st quarter. Bank of Montreal Can now owns 1,651,100 shares of the financial services provider’s stock valued at $30,183,000 after purchasing an additional 444,000 shares in the last quarter. Robeco Institutional Asset Management B.V. purchased a new stake in shares of The Carlyle Group in the 2nd quarter valued at approximately $9,948,000. JPMorgan Chase & Co. lifted its position in shares of The Carlyle Group by 47.5% in the 1st quarter. JPMorgan Chase & Co. now owns 875,436 shares of the financial services provider’s stock valued at $16,003,000 after acquiring an additional 281,808 shares in the last quarter. First Republic Investment Management Inc. lifted its position in shares of The Carlyle Group by 321.3% in the 1st quarter. First Republic Investment Management Inc. now owns 325,299 shares of the financial services provider’s stock valued at $5,946,000 after acquiring an additional 248,091 shares in the last quarter. Finally, Oppenheimer & Co. Inc. lifted its position in shares of The Carlyle Group by 94.9% in the 1st quarter. Oppenheimer & Co. Inc. now owns 272,281 shares of the financial services provider’s stock valued at $4,977,000 after acquiring an additional 132,543 shares in the last quarter. 40.87% of the stock is owned by institutional investors.
In other news, major shareholder Carlyle Group Management L.L.C sold 800,000 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $110.74, for a total transaction of $88,592,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Pamela L. Bentley sold 10,000 shares of the business’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $19.79, for a total transaction of $197,900.00. Following the transaction, the insider now owns 146,962 shares in the company, valued at $2,908,377.98. The disclosure for this sale can be found here. Over the last three months, insiders have sold 994,829 shares of company stock valued at $93,013,243.
Shares of NASDAQ:CG traded up $0.22 during mid-day trading on Tuesday, reaching $21.91. 82,608 shares of the company’s stock were exchanged, compared to its average volume of 1,484,527. The firm has a market cap of $2.39 billion, a price-to-earnings ratio of 8.35 and a beta of 1.67. The firm’s fifty day simple moving average is $23.41. The company has a quick ratio of 2.72, a current ratio of 2.72 and a debt-to-equity ratio of 1.96. The Carlyle Group LP has a twelve month low of $15.09 and a twelve month high of $25.99.
The Carlyle Group (NASDAQ:CG) last issued its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.21. The company had revenue of $550.70 million for the quarter, compared to analyst estimates of $496.69 million. The Carlyle Group had a net margin of 12.74% and a return on equity of 6.07%. The Carlyle Group’s revenue was up 19.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.69 earnings per share. Sell-side analysts anticipate that The Carlyle Group LP will post 1.65 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 19th. Stockholders of record on Monday, August 12th will be given a dividend of $0.43 per share. The ex-dividend date is Friday, August 9th. This is an increase from The Carlyle Group’s previous quarterly dividend of $0.19. This represents a $1.72 annualized dividend and a dividend yield of 7.85%. The Carlyle Group’s payout ratio is presently 65.40%.
About The Carlyle Group
The Carlyle Group L.P. 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.
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