News stories about Oaktree Capital Group (NYSE:OAK) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Oaktree Capital Group earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave press coverage about the asset manager an impact score of 45.2016302397286 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news articles that may have effected Accern’s scoring:
OAK has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of Oaktree Capital Group from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. TheStreet downgraded shares of Oaktree Capital Group from a “b-” rating to a “c+” rating in a research report on Friday, November 17th. Finally, ValuEngine downgraded shares of Oaktree Capital Group from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. Oaktree Capital Group has a consensus rating of “Hold” and an average price target of $49.50.
Shares of Oaktree Capital Group (NYSE OAK) traded up $0.45 during mid-day trading on Thursday, reaching $44.95. 246,700 shares of the company traded hands, compared to its average volume of 248,985. Oaktree Capital Group has a one year low of $40.65 and a one year high of $48.50. The stock has a market cap of $7,030.00, a P/E ratio of 10.33, a price-to-earnings-growth ratio of 0.96 and a beta of 0.58. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 2.37.
Oaktree Capital Group (NYSE:OAK) last announced its quarterly earnings data on Thursday, October 26th. The asset manager reported $0.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.11. Oaktree Capital Group had a net margin of 19.04% and a return on equity of 18.88%. The company had revenue of $304.80 million for the quarter, compared to the consensus estimate of $281.61 million. During the same period in the prior year, the firm posted $0.92 EPS. Oaktree Capital Group’s revenue for the quarter was down 16.5% on a year-over-year basis. analysts anticipate that Oaktree Capital Group will post 3.84 EPS for the current year.
In related news, major shareholder Oaktree Capital Management Lp purchased 28,800 shares of the company’s stock in a transaction dated Wednesday, December 13th. The shares were purchased at an average price of $8.63 per share, with a total value of $248,544.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Organics L.P. Oaktree purchased 3,055,460 shares of the company’s stock in a transaction dated Friday, December 15th. The shares were bought at an average cost of $7.50 per share, for a total transaction of $22,915,950.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 4,498,182 shares of company stock worth $44,373,324.
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About Oaktree Capital Group
Oaktree Capital Group, LLC (Oaktree) is an investment manager specializing in alternative investments. The Company operates through investment management segment, which consists of the investment management services that the Company provides to its clients. The Company manages investments in a range of strategies within approximately six asset classes, which include corporate debt, convertible securities, distressed debt, control investing, real estate and listed equities.
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