News stories about Oaktree Capital Group (NYSE:OAK) have been trending somewhat positive on Sunday, according to Accern. Accern scores the sentiment of news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Oaktree Capital Group earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave news headlines about the asset manager an impact score of 45.3145949307296 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:
Shares of Oaktree Capital Group (OAK) traded up $0.40 during trading hours on Friday, reaching $46.30. 256,029 shares of the company’s stock traded hands, compared to its average volume of 203,983. The company has a debt-to-equity ratio of 2.37, a quick ratio of 1.80 and a current ratio of 1.80. Oaktree Capital Group has a 1 year low of $41.10 and a 1 year high of $48.50. The company has a market cap of $7,232.75, a P/E ratio of 11.10, a price-to-earnings-growth ratio of 1.06 and a beta of 0.62.
A number of research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Oaktree Capital Group from a “sell” rating to a “hold” rating in a research note on Saturday. ValuEngine downgraded shares of Oaktree Capital Group from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Finally, TheStreet downgraded shares of Oaktree Capital Group from a “b-” rating to a “c+” rating in a report on Friday, November 17th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $49.50.
In related news, major shareholder Organics L.P. Oaktree acquired 3,055,460 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was bought at an average cost of $7.50 per share, with a total value of $22,915,950.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Ocm Growth Holdings Llc acquired 1,413,922 shares of the company’s stock in a transaction dated Friday, December 8th. The shares were bought at an average cost of $15.00 per share, with a total value of $21,208,830.00. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 4,498,182 shares of company stock valued at $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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