Zacks Investment Research Upgrades Och-Ziff Capital Management Group (NYSE:OZM) to Buy

Zacks Investment Research upgraded shares of Och-Ziff Capital Management Group (NYSE:OZM) from a hold rating to a buy rating in a research report report published on Thursday, January 4th. They currently have $2.75 target price on the asset manager’s stock.

According to Zacks, “Och-Ziff Capital Management Group LLC is a leading, global institutional alternative asset management firm. It seeks to deliver consistent positive risk-adjusted returns throughout market cycles, with a strong focus on risk management and capital preservation. Portfolio composition is determined by market opportunities rather than any predetermined commitment to investment discipline or geography. Our diversified, multi-strategy approach is based on global investment strategies, including merger arbitrage, convertible arbitrage, equity restructuring, credit and distressed investments, private investments and real estate. “

Several other research firms have also weighed in on OZM. ValuEngine lowered shares of Och-Ziff Capital Management Group from a buy rating to a hold rating in a report on Saturday, November 4th. Jefferies Group boosted their price objective on shares of Och-Ziff Capital Management Group from $3.00 to $3.50 and gave the stock a hold rating in a report on Wednesday, October 4th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The stock currently has an average rating of Hold and an average price target of $3.13.

Shares of Och-Ziff Capital Management Group (OZM) opened at $2.69 on Thursday. The company has a market cap of $1,430.00, a P/E ratio of 33.63 and a beta of 1.23. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of -2.61. Och-Ziff Capital Management Group has a 12 month low of $2.15 and a 12 month high of $3.95.

Och-Ziff Capital Management Group (NYSE:OZM) last announced its quarterly earnings data on Thursday, November 2nd. The asset manager reported $0.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.04. Och-Ziff Capital Management Group had a net margin of 3.35% and a negative return on equity of 54.57%. The company had revenue of $125.26 million during the quarter, compared to analysts’ expectations of $101.92 million. During the same period in the previous year, the company earned $0.05 EPS. The business’s quarterly revenue was down 9.8% compared to the same quarter last year. equities analysts anticipate that Och-Ziff Capital Management Group will post 0.21 earnings per share for the current fiscal year.

In other news, insider Erez Elisha sold 47,699 shares of the company’s stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $2.51, for a total value of $119,724.49. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 60.25% of the company’s stock.

Several institutional investors have recently modified their holdings of OZM. Stonerise Capital Management LLC acquired a new stake in shares of Och-Ziff Capital Management Group in the 2nd quarter valued at about $2,474,000. California Public Employees Retirement System raised its stake in shares of Och-Ziff Capital Management Group by 565.9% in the 2nd quarter. California Public Employees Retirement System now owns 606,000 shares of the asset manager’s stock valued at $1,551,000 after purchasing an additional 515,000 shares in the last quarter. Artemis Investment Management LLP grew its position in shares of Och-Ziff Capital Management Group by 18.2% during the 3rd quarter. Artemis Investment Management LLP now owns 3,240,000 shares of the asset manager’s stock valued at $10,384,000 after buying an additional 500,000 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of Och-Ziff Capital Management Group during the 3rd quarter valued at about $737,000. Finally, Wells Fargo & Company MN grew its position in shares of Och-Ziff Capital Management Group by 437.2% during the 3rd quarter. Wells Fargo & Company MN now owns 247,235 shares of the asset manager’s stock valued at $796,000 after buying an additional 201,215 shares during the last quarter. Institutional investors and hedge funds own 17.14% of the company’s stock.

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About Och-Ziff Capital Management Group

Och-Ziff Capital Management Group LLC (Och-Ziff) is an institutional alternative asset manager. The Company provides asset management services through its funds, which pursue a range of global investment opportunities. The Company operates through two segments: the Och-Ziff Funds and real estate business.

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