Oaktree Capital Group (NYSE:OAK) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.
According to Zacks, “Oaktree Capital Group, LLC is an investment management firm focused on alternative markets. It specializes in credit and contrarian, value-oriented investing. The Company manages funds in investment strategies that fall into the six asset classes, which include: distressed debt, corporate debt, control investing, convertible securities, real estate and listed equities. Oaktree Capital Group, LLC is based in Chicago, Illinois. “
Several other equities research analysts have also commented on OAK. ValuEngine lowered shares of Oaktree Capital Group from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. TheStreet lowered shares of Oaktree Capital Group from a “b-” rating to a “c+” rating in a report on Friday, November 17th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $49.50.
Shares of Oaktree Capital Group (NYSE OAK) opened at $42.75 on Tuesday. Oaktree Capital Group has a 1-year low of $41.10 and a 1-year high of $48.50. The company has a debt-to-equity ratio of 2.37, a current ratio of 1.80 and a quick ratio of 1.80. The company has a market cap of $6,680.00, a price-to-earnings ratio of 11.81, a price-to-earnings-growth ratio of 0.95 and a beta of 0.62.
Oaktree Capital Group (NYSE:OAK) last posted its quarterly earnings results on Tuesday, February 6th. The asset manager reported $0.72 EPS for the quarter, beating the consensus estimate of $0.55 by $0.17. Oaktree Capital Group had a net margin of 15.75% and a return on equity of 18.06%. The company had revenue of $327.40 million for the quarter, compared to analyst estimates of $286.45 million. During the same period in the prior year, the company earned $0.91 earnings per share. The firm’s revenue was down 6.8% on a year-over-year basis. equities research analysts anticipate that Oaktree Capital Group will post 3.48 EPS for the current year.
In other news, major shareholder Organics L.P. Oaktree acquired 3,055,460 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was acquired at an average price of $7.50 per share, for a total transaction of $22,915,950.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ocm Growth Holdings Llc acquired 1,413,922 shares of the firm’s stock in a transaction on Friday, December 8th. The stock was purchased at an average price of $15.00 per share, with a total value of $21,208,830.00. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 4,582,236 shares of company stock valued at $44,812,086.
Several institutional investors have recently modified their holdings of OAK. Oak Grove Capital LLC acquired a new position in shares of Oaktree Capital Group during the 4th quarter worth about $3,513,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Oaktree Capital Group during the 4th quarter worth about $1,158,000. Virtu Financial LLC acquired a new position in shares of Oaktree Capital Group during the 4th quarter worth about $202,000. Tower Research Capital LLC TRC acquired a new position in shares of Oaktree Capital Group during the 4th quarter worth about $175,000. Finally, AMG National Trust Bank raised its position in shares of Oaktree Capital Group by 6.7% during the 4th quarter. AMG National Trust Bank now owns 66,980 shares of the asset manager’s stock worth $2,820,000 after purchasing an additional 4,207 shares during the last quarter. Institutional investors and hedge funds own 22.61% of the company’s stock.
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Oaktree Capital Group Company Profile
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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