Harvest Capital Strategies LLC bought a new stake in The Carlyle Group LP (NASDAQ:CG) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 465,200 shares of the financial services provider’s stock, valued at approximately $10,653,000. The Carlyle Group makes up approximately 1.8% of Harvest Capital Strategies LLC’s investment portfolio, making the stock its 15th largest position.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its holdings in shares of The Carlyle Group by 26.9% in the third quarter. Bank of New York Mellon Corp now owns 49,500 shares of the financial services provider’s stock valued at $1,168,000 after purchasing an additional 10,499 shares in the last quarter. California Public Employees Retirement System lifted its holdings in shares of The Carlyle Group by 38.0% in the third quarter. California Public Employees Retirement System now owns 121,142 shares of the financial services provider’s stock valued at $2,859,000 after purchasing an additional 33,342 shares in the last quarter. Boothbay Fund Management LLC purchased a new stake in shares of The Carlyle Group during the third quarter worth $519,000. Lockheed Martin Investment Management Co. purchased a new stake in shares of The Carlyle Group during the third quarter worth $1,279,000. Finally, Ashford Capital Management Inc. raised its holdings in shares of The Carlyle Group by 95.2% during the third quarter. Ashford Capital Management Inc. now owns 20,500 shares of the financial services provider’s stock worth $484,000 after acquiring an additional 10,000 shares in the last quarter. Institutional investors own 40.45% of the company’s stock.
The Carlyle Group LP (NASDAQ CG) opened at $22.90 on Wednesday. The Carlyle Group LP has a 1-year low of $15.45 and a 1-year high of $25.90. The company has a current ratio of 1.32, a quick ratio of 1.19 and a debt-to-equity ratio of 2.29. The firm has a market capitalization of $2,346.06, a PE ratio of 9.54 and a beta of 1.70.
The business also recently announced a quarterly dividend, which was paid on Tuesday, February 27th. Shareholders of record on Tuesday, February 20th were issued a dividend of $0.33 per share. The ex-dividend date was Friday, February 16th. This represents a $1.32 annualized dividend and a yield of 5.76%. The Carlyle Group’s dividend payout ratio (DPR) is currently 54.77%.
CG has been the subject of several recent research reports. Citigroup upgraded The Carlyle Group from a “neutral” rating to a “buy” rating and set a $28.50 price objective for the company in a report on Monday. Morgan Stanley set a $28.00 price objective on The Carlyle Group and gave the stock a “buy” rating in a report on Monday, December 4th. BidaskClub lowered The Carlyle Group from a “buy” rating to a “hold” rating in a report on Saturday, January 20th. TheStreet upgraded The Carlyle Group from a “c” rating to a “b” rating in a report on Wednesday, February 7th. Finally, Bank of America increased their price objective on The Carlyle Group from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $27.65.
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The Carlyle Group Company Profile
The Carlyle Group L.P. is a diversified multi-product global alternative asset management firm. The Company operates in four segments: Corporate Private Equity (CPE), Real Assets, Global Market Strategies (GMS) and Investment Solutions. Corporate Private Equity advises its buyout and growth capital funds, which pursue various corporate investments of different sizes and growth potentials.
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