Och-Ziff Capital Management Group LLC (NYSE:OZM) was the target of a large decline in short interest in November. As of November 30th, there was short interest totalling 1,193,131 shares, a decline of 32.9% from the November 15th total of 1,778,173 shares. Approximately 0.8% of the shares of the stock are sold short. Based on an average daily volume of 963,853 shares, the days-to-cover ratio is presently 1.2 days.
OZM has been the topic of several recent research reports. Zacks Investment Research cut shares of Och-Ziff Capital Management Group from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. ValuEngine downgraded shares of Och-Ziff Capital Management Group from a “buy” rating to a “hold” rating in a report on Saturday, November 4th. Finally, Jefferies Group upped their price target on shares of Och-Ziff Capital Management Group from $3.00 to $3.50 and gave the company a “hold” rating in a report on Wednesday, October 4th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. Och-Ziff Capital Management Group currently has an average rating of “Hold” and an average price target of $3.13.
Shares of Och-Ziff Capital Management Group (NYSE OZM) traded up $0.07 during mid-day trading on Thursday, reaching $2.76. 362,633 shares of the company’s stock were exchanged, compared to its average volume of 492,554. The company has a debt-to-equity ratio of -2.61, a current ratio of 1.57 and a quick ratio of 1.57. The company has a market cap of $1,450.00, a P/E ratio of 34.50 and a beta of 1.23. Och-Ziff Capital Management Group has a twelve month low of $2.15 and a twelve month high of $3.95.
Och-Ziff Capital Management Group (NYSE:OZM) last issued its earnings results on Thursday, November 2nd. The asset manager reported $0.07 EPS for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.04. The business had revenue of $125.26 million for the quarter, compared to the consensus estimate of $101.92 million. Och-Ziff Capital Management Group had a net margin of 3.35% and a negative return on equity of 54.57%. The company’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.05 EPS. analysts expect that Och-Ziff Capital Management Group will post 0.21 earnings per share for the current fiscal year.
In other Och-Ziff Capital Management Group news, CAO Erez Elisha sold 47,699 shares of the business’s stock in a transaction on Saturday, 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 legal filing with the SEC, which is accessible through this hyperlink. 60.25% of the stock is owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Marshall Wace North America L.P. purchased a new stake in Och-Ziff Capital Management Group during the second quarter valued at approximately $162,000. Hotchkis & Wiley Capital Management LLC lifted its position in Och-Ziff Capital Management Group by 91.9% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 60,283 shares of the asset manager’s stock valued at $194,000 after acquiring an additional 28,873 shares during the last quarter. Nationwide Fund Advisors purchased a new stake in Och-Ziff Capital Management Group during the second quarter valued at approximately $193,000. Advisor Group Inc. purchased a new stake in Och-Ziff Capital Management Group during the third quarter valued at approximately $258,000. Finally, Credit Suisse AG purchased a new stake in Och-Ziff Capital Management Group during the first quarter valued at approximately $226,000. 17.14% of the stock is owned by hedge funds and other institutional investors.
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Och-Ziff Capital Management Group Company Profile
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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