TheStreet Downgrades Oaktree Capital Group, LLC (OAK) to C+
Oaktree Capital Group, LLC (NYSE:OAK) was downgraded by research analysts at TheStreet from a “b-” rating to a “c+” rating in a report issued on Friday.
Several other equities research analysts have also weighed in on the company. Zacks Investment Research lowered Oaktree Capital Group from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. Morgan Stanley raised their price objective on Oaktree Capital Group from $54.00 to $55.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 8th. BidaskClub upgraded Oaktree Capital Group from a “hold” rating to a “buy” rating in a report on Saturday, August 5th. Jefferies Group LLC restated a “hold” rating and issued a $49.00 target price on shares of Oaktree Capital Group in a report on Sunday, July 30th. Finally, Goldman Sachs Group, Inc. (The) lowered Oaktree Capital Group from a “buy” rating to a “neutral” rating and reduced their target price for the company from $50.00 to $49.00 in a report on Friday, July 28th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $49.50.
Oaktree Capital Group (NYSE OAK) traded up $0.20 on Friday, hitting $42.60. The stock had a trading volume of 141,700 shares, compared to its average volume of 223,588. The company has a market cap of $6,670.00, a price-to-earnings ratio of 10.17, a PEG ratio of 0.88 and a beta of 0.61. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 2.37. Oaktree Capital Group has a 1-year low of $36.95 and a 1-year high of $48.50.
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Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. purchased a new stake in shares of Oaktree Capital Group in the second quarter valued at $110,000. Stelac Advisory Services LLC purchased a new stake in shares of Oaktree Capital Group during the third quarter worth $113,000. Penserra Capital Management LLC raised its holdings in shares of Oaktree Capital Group by 10.0% during the second quarter. Penserra Capital Management LLC now owns 2,471 shares of the asset manager’s stock worth $115,000 after acquiring an additional 224 shares in the last quarter. US Bancorp DE raised its holdings in shares of Oaktree Capital Group by 59.2% during the second quarter. US Bancorp DE now owns 3,025 shares of the asset manager’s stock worth $141,000 after acquiring an additional 1,125 shares in the last quarter. Finally, IFP Advisors Inc raised its holdings in shares of Oaktree Capital Group by 698.4% during the third quarter. IFP Advisors Inc now owns 3,545 shares of the asset manager’s stock worth $167,000 after acquiring an additional 3,101 shares in the last quarter. Institutional investors own 22.13% of the company’s stock.
Oaktree Capital Group Company Profile
Oaktree Capital Group, LLC (Oaktree) is an investment manager specializing in alternative investments. The Company operates through investment management segment, which consists of the investment management services that the Company provides to its clients. The Company manages investments in a range of strategies within approximately six asset classes, which include corporate debt, convertible securities, distressed debt, control investing, real estate and listed equities.
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