Entropy Technologies LP Acquires Shares of 8,858 The Carlyle Group Inc. (NASDAQ:CG)

Entropy Technologies LP bought a new stake in The Carlyle Group Inc. (NASDAQ:CG) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 8,858 shares of the financial services provider’s stock, valued at approximately $381,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Tobam purchased a new stake in The Carlyle Group in the 2nd quarter valued at $27,000. Blue Trust Inc. grew its holdings in shares of The Carlyle Group by 506.3% in the second quarter. Blue Trust Inc. now owns 770 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 643 shares during the period. Rothschild Investment LLC acquired a new stake in The Carlyle Group during the second quarter worth about $50,000. 1832 Asset Management L.P. purchased a new position in The Carlyle Group during the first quarter worth about $55,000. Finally, Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of The Carlyle Group by 1,600.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,700 shares of the financial services provider’s stock valued at $73,000 after buying an additional 1,600 shares during the period. 55.88% of the stock is currently owned by institutional investors and hedge funds.

The Carlyle Group Price Performance

CG stock opened at $50.46 on Friday. The business has a 50 day simple moving average of $46.95 and a 200-day simple moving average of $43.65. The company has a market capitalization of $18.05 billion, a P/E ratio of 174.00, a PEG ratio of 1.36 and a beta of 1.70. The Carlyle Group Inc. has a twelve month low of $31.21 and a twelve month high of $54.52. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 1.38.

The Carlyle Group (NASDAQ:CG) last released its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.08. The Carlyle Group had a return on equity of 24.91% and a net margin of 2.21%. The firm had revenue of $895.00 million for the quarter, compared to analyst estimates of $908.17 million. During the same quarter last year, the company posted $0.87 earnings per share. The business’s revenue was up 15.2% on a year-over-year basis. As a group, equities analysts anticipate that The Carlyle Group Inc. will post 3.77 EPS for the current year.

The Carlyle Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Monday, November 18th will be issued a dividend of $0.35 per share. The ex-dividend date is Monday, November 18th. This represents a $1.40 annualized dividend and a yield of 2.77%. The Carlyle Group’s dividend payout ratio is currently 482.76%.

Insider Buying and Selling at The Carlyle Group

In other news, Director Daniel A. D’aniello sold 495,542 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $51.53, for a total transaction of $25,535,279.26. Following the sale, the director now owns 32,504,102 shares of the company’s stock, valued at $1,674,936,376.06. The trade was a 1.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Carlyle Group Inc. sold 92,905 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $2.27, for a total value of $210,894.35. Following the completion of the transaction, the insider now directly owns 3,155,461 shares of the company’s stock, valued at $7,162,896.47. The trade was a 2.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,171,556 shares of company stock valued at $29,222,475. 27.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Redburn Atlantic assumed coverage on The Carlyle Group in a research note on Tuesday, August 27th. They issued a “buy” rating and a $55.00 price target on the stock. JMP Securities reaffirmed a “market outperform” rating and set a $60.00 target price on shares of The Carlyle Group in a research note on Wednesday, October 9th. TD Cowen upped their price objective on shares of The Carlyle Group from $43.00 to $49.00 and gave the stock a “hold” rating in a report on Friday, November 8th. Morgan Stanley lifted their target price on shares of The Carlyle Group from $46.00 to $50.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods raised their price target on The Carlyle Group from $51.00 to $55.00 and gave the stock a “market perform” rating in a research report on Friday, November 8th. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, The Carlyle Group presently has a consensus rating of “Hold” and a consensus target price of $53.33.

The Carlyle Group Company 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.