Oaktree Capital Group LLC Unit (NYSE:OAK) Sets New 1-Year High at $53.72

Oaktree Capital Group LLC Unit (NYSE:OAK) shares hit a new 52-week high on Thursday . The company traded as high as $53.72 and last traded at $53.70, with a volume of 284960 shares changing hands. The stock had previously closed at $53.42.

Separately, Zacks Investment Research lowered Oaktree Capital Group LLC Unit from a “buy” rating to a “hold” rating in a research note on Tuesday, July 30th. Six research analysts have rated the stock with a hold rating, Oaktree Capital Group LLC Unit presently has an average rating of “Hold” and a consensus target price of $47.00.

The company’s 50 day moving average price is $51.97 and its 200-day moving average price is $49.85. The company has a current ratio of 2.52, a quick ratio of 2.52 and a debt-to-equity ratio of 3.02. The company has a market capitalization of $8.53 billion, a PE ratio of 20.42, a PEG ratio of 2.52 and a beta of 0.52.

Oaktree Capital Group LLC Unit (NYSE:OAK) last announced its quarterly earnings results on Thursday, July 25th. The asset manager reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.07). Oaktree Capital Group LLC Unit had a return on equity of 19.02% and a net margin of 17.16%. The business had revenue of $313.48 million for the quarter, compared to analysts’ expectations of $311.80 million. During the same period last year, the company posted $0.51 earnings per share. The firm’s revenue for the quarter was up 47.0% on a year-over-year basis. As a group, analysts predict that Oaktree Capital Group LLC Unit will post 3.52 earnings per share for the current year.

In other news, Director Steven J. Gilbert acquired 10,000 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was bought at an average cost of $26.66 per share, with a total value of $266,600.00. Following the transaction, the director now directly owns 10,000 shares in the company, valued at approximately $266,600. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Oaktree Capital Group Holdings acquired 150,000 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was purchased at an average cost of $4.62 per share, with a total value of $693,000.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 1,630,899 shares of company stock valued at $7,717,823.

Large investors have recently bought and sold shares of the business. Cumberland Partners Ltd purchased a new stake in shares of Oaktree Capital Group LLC Unit in the 2nd quarter valued at approximately $30,000. NEXT Financial Group Inc bought a new position in shares of Oaktree Capital Group LLC Unit during the 2nd quarter valued at $49,000. Westside Investment Management Inc. bought a new position in shares of Oaktree Capital Group LLC Unit during the 2nd quarter valued at $59,000. Fort Sheridan Advisors LLC bought a new position in shares of Oaktree Capital Group LLC Unit during the 1st quarter valued at $218,000. Finally, Vivaldi Capital Management LLC raised its holdings in shares of Oaktree Capital Group LLC Unit by 22.0% during the 2nd quarter. Vivaldi Capital Management LLC now owns 5,049 shares of the asset manager’s stock valued at $250,000 after purchasing an additional 910 shares in the last quarter. 37.03% of the stock is owned by institutional investors.

About Oaktree Capital Group LLC Unit (NYSE:OAK)

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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