Goldman Sachs Group Inc. lifted its stake in Och-Ziff Capital Management (NYSE:OZM) by 106.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,917,174 shares of the asset manager’s stock after buying an additional 989,191 shares during the period. Goldman Sachs Group Inc. owned approximately 0.37% of Och-Ziff Capital Management worth $4,793,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in OZM. Deutsche Bank AG increased its holdings in shares of Och-Ziff Capital Management by 173.2% in the fourth quarter. Deutsche Bank AG now owns 2,444,399 shares of the asset manager’s stock worth $6,110,000 after buying an additional 1,549,568 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Och-Ziff Capital Management by 825.6% in the fourth quarter. Renaissance Technologies LLC now owns 1,506,953 shares of the asset manager’s stock worth $3,767,000 after buying an additional 1,344,153 shares during the period. SMH Capital Advisors Inc. purchased a new position in shares of Och-Ziff Capital Management in the fourth quarter worth about $896,000. Telemus Capital LLC increased its holdings in shares of Och-Ziff Capital Management by 42.5% in the fourth quarter. Telemus Capital LLC now owns 862,000 shares of the asset manager’s stock worth $2,155,000 after buying an additional 257,000 shares during the period. Finally, North Run Capital LP increased its holdings in shares of Och-Ziff Capital Management by 6.6% in the fourth quarter. North Run Capital LP now owns 4,050,000 shares of the asset manager’s stock worth $10,125,000 after buying an additional 250,000 shares during the period. Hedge funds and other institutional investors own 17.16% of the company’s stock.
NYSE OZM opened at $2.27 on Friday. The company has a current ratio of 2.80, a quick ratio of 2.80 and a debt-to-equity ratio of -5.94. The stock has a market capitalization of $1,208.09, a P/E ratio of 4.45 and a beta of 1.02. Och-Ziff Capital Management has a 1 year low of $2.15 and a 1 year high of $3.95.
Och-Ziff Capital Management (NYSE:OZM) last posted its earnings results on Friday, February 16th. The asset manager reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.06. The company had revenue of $438.24 million for the quarter, compared to analysts’ expectations of $450.09 million. Och-Ziff Capital Management had a negative return on equity of 136.75% and a net margin of 2.46%. Och-Ziff Capital Management’s quarterly revenue was up 55.8% on a year-over-year basis. During the same period last year, the firm earned $0.01 earnings per share. analysts anticipate that Och-Ziff Capital Management will post 0.4 EPS for the current fiscal year.
Several research analysts have recently commented on OZM shares. ValuEngine downgraded Och-Ziff Capital Management from a “buy” rating to a “hold” rating in a report on Thursday, March 1st. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Och-Ziff Capital Management in a report on Friday, February 23rd. Citigroup upgraded Och-Ziff Capital Management from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $2.90 to $4.50 in a report on Tuesday, February 20th. Finally, Zacks Investment Research upgraded Och-Ziff Capital Management from a “sell” rating to a “buy” rating and set a $2.75 price objective on the stock in a report on Saturday, February 24th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $3.50.
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Och-Ziff Capital Management Profile
Och-Ziff Capital Management Group LLC is a publicly owned hedge fund sponsor. The firm provides investment advisory services for its clients. It primarily caters to institutional investors which include pension funds, fund-of-funds, foundations and endowments, corporations and other institutions, private banks and family offices.
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