What Makes The Carlyle Group (CG) Stock Attractive?

Ariel Investments, an investment management company, released its “Ariel Small/Mid Cap Value Strategy” fourth-quarter investor letter. A copy of the same can be downloaded here. In the fourth quarter, the Ariel Small/Mid Cap Value Composite delivered 12.21% gross of fees outperforming both the Russell 2500 Value Index and the Russell 2500 Index, which returned +9.21% and +7.43% respectively. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.

Ariel Small/Mid Cap Value Strategy highlighted stocks like The Carlyle Group Inc. (NASDAQ:CG) in the fourth quarter investor letter. Headquartered in Washington, District of Columbia, The Carlyle Group Inc. (NASDAQ:CG) is an investment firm. On March 15, 2023, The Carlyle Group Inc. (NASDAQ:CG) stock closed at $30.59 per share. One-month return of The Carlyle Group Inc. (NASDAQ:CG) was -12.12%, and its shares lost 35.14% of their value over the last 52 weeks. The Carlyle Group Inc. (NASDAQ:CG) has a market capitalization of $11.141 billion.

Ariel Small/Mid Cap Value Strategy made the following comment about The Carlyle Group Inc. (NASDAQ:CG) in its Q4 2022 investor letter:

“Also in the quarter, we initiated a new position in alternative asset manager, The Carlyle Group Inc. (NASDAQ:CG). CG’s competitive advantages include a notable 35-year track record of investment performance across various economic and financial market conditions, diversified product offerings and long tenured client relationships across five continents. CG has underperformed its peers and the S&P 500, presenting us with a unique opportunity to acquire shares of what we believe to be a highly scalable business with attractive fundamentals and healthy fundraising momentum.”

The Carlyle Group Inc. (NASDAQ:CG) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 28 hedge fund portfolios held The Carlyle Group Inc. (NASDAQ:CG) at the end of the fourth quarter which was 30 in the previous quarter.

We discussed The Carlyle Group Inc. (NASDAQ:CG) in another article and shared Gator Capital Management’s views on the company. In addition, please check out our hedge fund investor letters Q4 2022 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.