Och-Ziff Capital Management (NYSE:OZM) insider James S. Levin sold 262,909 shares of Och-Ziff Capital Management stock in a transaction on Friday, April 13th. The stock was sold at an average price of $2.33, for a total transaction of $612,577.97. Following the completion of the transaction, the insider now owns 1,375,372 shares in the company, valued at approximately $3,204,616.76. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
NYSE:OZM opened at $2.28 on Thursday. Och-Ziff Capital Management has a 52-week low of $2.14 and a 52-week high of $3.95. 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 cap of $1,138.78, a PE ratio of 4.47 and a beta of 1.02.
Och-Ziff Capital Management (NYSE:OZM) last posted its quarterly earnings data on Friday, February 16th. The asset manager reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.06. Och-Ziff Capital Management had a net margin of 2.46% and a negative return on equity of 136.75%. The company had revenue of $438.24 million for the quarter, compared to the consensus estimate of $450.09 million. During the same quarter in the previous year, the firm posted $0.01 EPS. The business’s revenue was up 55.8% compared to the same quarter last year. research analysts expect that Och-Ziff Capital Management will post 0.46 earnings per share for the current year.
Several large investors have recently bought and sold shares of OZM. Citadel Advisors LLC increased its holdings in shares of Och-Ziff Capital Management by 677.8% during the 4th quarter. Citadel Advisors LLC now owns 48,225 shares of the asset manager’s stock worth $121,000 after purchasing an additional 42,025 shares during the period. LPL Financial LLC increased its holdings in shares of Och-Ziff Capital Management by 125.2% during the 4th quarter. LPL Financial LLC now owns 53,958 shares of the asset manager’s stock worth $135,000 after purchasing an additional 30,000 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in shares of Och-Ziff Capital Management during the 4th quarter worth about $174,000. Bourgeon Capital Management LLC increased its holdings in shares of Och-Ziff Capital Management by 250.0% during the 4th quarter. Bourgeon Capital Management LLC now owns 70,000 shares of the asset manager’s stock worth $175,000 after purchasing an additional 50,000 shares during the period. Finally, Joel Isaacson & Co. LLC bought a new position in shares of Och-Ziff Capital Management during the 4th quarter worth about $250,000. Institutional investors own 17.16% of the company’s stock.
Several brokerages recently commented on OZM. Zacks Investment Research upgraded shares of Och-Ziff Capital Management from a “hold” rating to a “buy” rating and set a $2.75 target price on the stock in a report on Thursday, January 4th. Keefe, Bruyette & Woods restated a “hold” rating on shares of Och-Ziff Capital Management in a report on Friday, February 23rd. ValuEngine downgraded shares of Och-Ziff Capital Management from a “buy” rating to a “hold” rating in a report on Thursday, March 1st. Finally, Citigroup upgraded shares of Och-Ziff Capital Management from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $2.90 to $4.50 in a report on Tuesday, February 20th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $3.50.
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About Och-Ziff Capital Management
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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