Brokerages forecast that Och-Ziff Capital Management Group LLC (NYSE:OZM) will announce sales of $90.65 million for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Och-Ziff Capital Management Group’s earnings, with estimates ranging from $90.26 million to $91.04 million. Och-Ziff Capital Management Group reported sales of $152.56 million in the same quarter last year, which indicates a negative year-over-year growth rate of 40.6%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, August 1st.

According to Zacks, analysts expect that Och-Ziff Capital Management Group will report full year sales of $90.65 million for the current financial year, with estimates ranging from $667.27 million to $696.58 million. For the next fiscal year, analysts forecast that the company will post sales of $658.51 million per share, with estimates ranging from $640.03 million to $676.99 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Och-Ziff Capital Management Group.

Och-Ziff Capital Management Group (NYSE:OZM) last released its quarterly earnings results on Tuesday, May 2nd. The asset manager reported $0.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.05. Och-Ziff Capital Management Group had a negative return on equity of 41.72% and a negative net margin of 8.27%. The company had revenue of $133.21 million for the quarter, compared to analyst estimates of $104.31 million. During the same period in the previous year, the company posted $0.11 earnings per share. The firm’s revenue was down 24.1% on a year-over-year basis.

OZM has been the topic of several research analyst reports. J P Morgan Chase & Co cut Och-Ziff Capital Management Group from an “overweight” rating to a “neutral” rating in a research note on Thursday, February 16th. Credit Suisse Group set a $3.00 price objective on Och-Ziff Capital Management Group and gave the stock a “hold” rating in a research note on Thursday, February 16th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $2.50 price objective on shares of Och-Ziff Capital Management Group in a research note on Wednesday, April 12th. Jefferies Group LLC reissued a “hold” rating and issued a $3.00 price objective on shares of Och-Ziff Capital Management Group in a research note on Tuesday, May 2nd. Finally, ValuEngine cut Och-Ziff Capital Management Group from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $3.78.

A number of hedge funds have recently made changes to their positions in OZM. Abrams Capital Management L.P. boosted its stake in shares of Och-Ziff Capital Management Group by 17.4% in the first quarter. Abrams Capital Management L.P. now owns 22,238,592 shares of the asset manager’s stock valued at $50,259,000 after buying an additional 3,288,600 shares during the period. Bank of America Corp DE boosted its stake in shares of Och-Ziff Capital Management Group by 10.3% in the first quarter. Bank of America Corp DE now owns 3,785,923 shares of the asset manager’s stock valued at $8,556,000 after buying an additional 353,276 shares during the period. Sandia Holdings LLC boosted its stake in shares of Och-Ziff Capital Management Group by 10.1% in the first quarter. Sandia Holdings LLC now owns 3,719,396 shares of the asset manager’s stock valued at $8,406,000 after buying an additional 342,249 shares during the period. Continental Advisors LLC boosted its stake in shares of Och-Ziff Capital Management Group by 98.9% in the first quarter. Continental Advisors LLC now owns 2,069,193 shares of the asset manager’s stock valued at $4,676,000 after buying an additional 1,029,022 shares during the period. Finally, UBS Group AG boosted its stake in shares of Och-Ziff Capital Management Group by 16.6% in the first quarter. UBS Group AG now owns 1,551,500 shares of the asset manager’s stock valued at $3,507,000 after buying an additional 220,660 shares during the period. 53.39% of the stock is currently owned by institutional investors and hedge funds.

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Och-Ziff Capital Management Group (NYSE:OZM) traded down 2.03% during midday trading on Wednesday, hitting $2.41. The company had a trading volume of 161,873 shares. The stock has a 50 day moving average price of $2.40 and a 200 day moving average price of $2.76. Och-Ziff Capital Management Group has a 52 week low of $2.15 and a 52 week high of $4.78. The company’s market capitalization is $446.16 million.

The business also recently announced a quarterly dividend, which was paid on Friday, May 19th. Shareholders of record on Friday, May 12th were given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 3.25%. The ex-dividend date was Wednesday, May 10th. This is a boost from Och-Ziff Capital Management Group’s previous quarterly dividend of $0.01. Och-Ziff Capital Management Group’s dividend payout ratio (DPR) is -19.51%.

About Och-Ziff Capital Management Group

Och-Ziff Capital Management Group LLC (Och-Ziff) is an institutional alternative asset manager. The Company provides asset management services through its funds, which pursue a range of global investment opportunities. The Company operates through two segments: the Och-Ziff Funds and real estate business.

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