River Road Asset Management LLC boosted its stake in Oaktree Capital Group LLC (NYSE:OAK) by 15.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 314,886 shares of the asset manager’s stock after buying an additional 42,897 shares during the period. River Road Asset Management LLC owned approximately 0.20% of Oaktree Capital Group worth $13,036,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of OAK. Brown Advisory Inc. increased its stake in Oaktree Capital Group by 4.1% during the first quarter. Brown Advisory Inc. now owns 36,467 shares of the asset manager’s stock worth $1,445,000 after purchasing an additional 1,450 shares during the period. Washington Capital Management Inc. grew its position in shares of Oaktree Capital Group by 14.4% during the second quarter. Washington Capital Management Inc. now owns 11,900 shares of the asset manager’s stock worth $484,000 after buying an additional 1,500 shares in the last quarter. Mckinley Capital Management LLC Delaware grew its position in shares of Oaktree Capital Group by 5.1% during the second quarter. Mckinley Capital Management LLC Delaware now owns 32,346 shares of the asset manager’s stock worth $1,315,000 after buying an additional 1,583 shares in the last quarter. Osborne Partners Capital Management LLC grew its position in shares of Oaktree Capital Group by 1.7% during the third quarter. Osborne Partners Capital Management LLC now owns 95,156 shares of the asset manager’s stock worth $3,939,000 after buying an additional 1,610 shares in the last quarter. Finally, Westpac Banking Corp grew its position in shares of Oaktree Capital Group by 1.1% during the second quarter. Westpac Banking Corp now owns 146,012 shares of the asset manager’s stock worth $5,935,000 after buying an additional 1,612 shares in the last quarter. Hedge funds and other institutional investors own 26.18% of the company’s stock.
Shares of OAK opened at $40.71 on Tuesday. The company has a debt-to-equity ratio of 2.49, a current ratio of 1.88 and a quick ratio of 1.88. The company has a market capitalization of $6.40 billion, a P/E ratio of 10.25, a price-to-earnings-growth ratio of 1.22 and a beta of 0.57. Oaktree Capital Group LLC has a 52-week low of $38.65 and a 52-week high of $46.80.
Oaktree Capital Group (NYSE:OAK) last announced its quarterly earnings results on Thursday, October 25th. The asset manager reported $0.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.29. The firm had revenue of $320.17 million during the quarter, compared to the consensus estimate of $272.40 million. Oaktree Capital Group had a return on equity of 14.04% and a net margin of 13.96%. On average, sell-side analysts predict that Oaktree Capital Group LLC will post 2.86 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 13th. Investors of record on Monday, November 5th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 6.88%. This is an increase from Oaktree Capital Group’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Friday, November 2nd. Oaktree Capital Group’s dividend payout ratio is 70.53%.
A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. boosted their price objective on Oaktree Capital Group from $47.00 to $50.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 24th. ValuEngine raised Oaktree Capital Group from a “sell” rating to a “hold” rating in a research report on Wednesday, October 17th. Morgan Stanley lowered their price objective on Oaktree Capital Group from $48.00 to $47.00 and set a “buy” rating for the company in a research report on Tuesday, October 9th. TheStreet downgraded Oaktree Capital Group from a “b-” rating to a “c+” rating in a research report on Tuesday, August 21st. Finally, Oppenheimer reissued a “hold” rating on shares of Oaktree Capital Group in a research report on Monday, July 30th. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Oaktree Capital Group has an average rating of “Hold” and an average price target of $45.80.
In other Oaktree Capital Group news, Director Ocm Growth Holdings Llc purchased 1,006,899 shares of the stock in a transaction that occurred on Friday, September 14th. The stock was purchased at an average cost of $15.02 per share, with a total value of $15,123,622.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Larry W. Keele sold 8,333 shares of the company’s stock in a transaction that occurred on Thursday, August 9th. The shares were sold at an average price of $41.40, for a total value of $344,986.20. Following the completion of the transaction, the director now directly owns 8,656 shares of the company’s stock, valued at $358,358.40. The disclosure for this sale can be found here.
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Oaktree Capital Group Company Profile
Oaktree Capital Group, LLC operates as a global investment management firm that focuses on alternative markets. It manage investments in a number of strategies within six asset classes, including distressed debt; corporate debt, including high yield debt and senior loans; control investing; convertible securities; real estate; and listed equities.
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