Carlyle Group Inc (NASDAQ: CG): Is It A Buying Opportunity Again?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Yahoo Finance discussed the stock recently as it posted Clinical Collaboration Agreement between Teva and Launch Therapeutics to Accelerate Development of Dual-Action Asthma Rescue Inhaler (ICS-SABA/TEV-’248) Respiratory Program; Teva and Abingworth Enter Strategic Development Funding Agreement.

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Stocks Info

As a NASDAQ listed company, CG falls under the Financial sector while operating within the Asset Management industry segment. The current market capitalization of Carlyle Group Inc is $17.07B. A total of 2.58 million shares were traded on the day, compared to an average of 2.37M shares.

In the most recent transaction, Carlyle Group Inc. bought 190,000 shares of CG for 12.95 per share on Feb 08 ’24. After the transaction, the Former 10% Owner now owns 1,066,189 company shares. In a previous transaction on Dec 15 ’23, SCHWARTZ HARVEY M sold 295,358 shares at 41.74 per share. CG shares that Chief Executive Officer owns now total 6,768,046.

Among the insiders who bought shares, CG Subsidiary Holdings L.L.C. acquired of 1,269,537 shares on Sep 12 ’23 at a per-share price of $8.52. This resulted in the 10% Owner holding 4,785,628 shares of CG after the transaction. In another insider transaction, CG Subsidiary Holdings L.L.C. bought 3,012,049 shares at $8.30 per share on Aug 28 ’23. Company shares held by the 10% Owner now total 3,012,049.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. CG’s most recent ex-dividend date was 2/22/2024 when it declared a $0.35 quarterly dividend that was paid in cash on 3/1/2024. Previously, the company paid the dividend on 11/29/2023 with an ex-dividend date of 11/20/2023. The CG stock dividend was $0.35 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, CG has a high of $48.52 and a low of $25.20.

As of this writing, CG has an earnings estimate of $0.89 per share for the current quarter. EPS was calculated based on a consensus of 15 estimates, with a high estimate of $1.06 per share and a lower estimate of $0.76. The company reported an EPS of $0.87 in the last quarter, which was 20.80% higher than expectations of $0.72.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. Its Book Value Per Share was $14.37, while its Total Shareholder’s Equity was $5.71B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CG is Buy with a score of 3.81.

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