Intrepid Capital Management Inc. Acquires 1,283 Shares of The Carlyle Group Inc. (NASDAQ:CG)

Intrepid Capital Management Inc. increased its position in The Carlyle Group Inc. (NASDAQ:CG) by 9.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 15,018 shares of the financial services provider’s stock after purchasing an additional 1,283 shares during the period. Intrepid Capital Management Inc.’s holdings in The Carlyle Group were worth $647,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Investment Management Corp of Ontario boosted its position in The Carlyle Group by 48.0% in the 3rd quarter. Investment Management Corp of Ontario now owns 7,709 shares of the financial services provider’s stock valued at $332,000 after buying an additional 2,500 shares during the period. Janus Henderson Group PLC increased its position in The Carlyle Group by 116.0% during the 3rd quarter. Janus Henderson Group PLC now owns 18,994 shares of the financial services provider’s stock valued at $818,000 after purchasing an additional 10,200 shares during the period. HighTower Advisors LLC increased its position in The Carlyle Group by 1.1% during the 3rd quarter. HighTower Advisors LLC now owns 39,421 shares of the financial services provider’s stock valued at $1,701,000 after purchasing an additional 415 shares during the period. Hilltop Holdings Inc. increased its position in The Carlyle Group by 71.2% during the 3rd quarter. Hilltop Holdings Inc. now owns 42,171 shares of the financial services provider’s stock valued at $1,816,000 after purchasing an additional 17,544 shares during the period. Finally, Holocene Advisors LP increased its position in The Carlyle Group by 17.6% during the 3rd quarter. Holocene Advisors LP now owns 432,585 shares of the financial services provider’s stock valued at $18,627,000 after purchasing an additional 64,613 shares during the period. 55.88% of the stock is currently owned by hedge funds and other institutional investors.

The Carlyle Group Trading Up 0.2 %

NASDAQ:CG traded up $0.13 on Tuesday, reaching $52.91. 90,932 shares of the company’s stock were exchanged, compared to its average volume of 2,359,213. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $18.92 billion, a price-to-earnings ratio of 182.00, a price-to-earnings-growth ratio of 1.40 and a beta of 1.69. The business has a fifty day moving average of $49.36 and a 200-day moving average of $44.41. The Carlyle Group Inc. has a 52-week low of $34.72 and a 52-week high of $55.11.

The Carlyle Group (NASDAQ:CG) last issued 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 company had revenue of $895.00 million for the quarter, compared to analyst estimates of $908.17 million. The Carlyle Group had a net margin of 2.21% and a return on equity of 24.91%. The business’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.87 earnings per share. As a group, analysts expect that The Carlyle Group Inc. will post 3.77 earnings per share for the current year.

The Carlyle Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 18th were paid a dividend of $0.35 per share. The ex-dividend date was Monday, November 18th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.65%. The Carlyle Group’s payout ratio is 482.76%.

Analyst Ratings Changes

CG has been the topic of a number of recent analyst reports. UBS Group raised their price target on shares of The Carlyle Group from $43.00 to $54.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Keefe, Bruyette & Woods raised their price target on shares of The Carlyle Group from $51.00 to $55.00 and gave the company a “market perform” rating in a report on Friday, November 8th. Redburn Atlantic initiated coverage on shares of The Carlyle Group in a report on Tuesday, August 27th. They issued a “buy” rating and a $55.00 price target on the stock. Evercore ISI raised their price target on shares of The Carlyle Group from $45.00 to $47.00 and gave the company an “in-line” rating in a report on Monday, October 14th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $60.00 target price on shares of The Carlyle Group in a research note on Wednesday, October 9th. Ten analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $53.33.

Insider Buying and Selling

In other news, major shareholder Carlyle Group Inc. sold 924,466 shares of the firm’s stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $2.14, for a total transaction of $1,978,357.24. Following the transaction, the insider now directly owns 3,643,231 shares in the company, valued at approximately $7,796,514.34. This trade represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Daniel A. D’aniello sold 495,542 shares of the firm’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 transaction, the director now owns 32,504,102 shares in the company, valued at approximately $1,674,936,376.06. This trade represents a 1.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,171,556 shares of company stock worth $29,222,475. Company insiders own 27.20% of the company’s stock.

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.