$285.22 Million in Sales Expected for Oaktree Capital Group LLC (OAK) This Quarter

Wall Street brokerages expect that Oaktree Capital Group LLC (NYSE:OAK) will report $285.22 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Oaktree Capital Group’s earnings. The highest sales estimate is $297.30 million and the lowest is $266.00 million. Oaktree Capital Group posted sales of $351.44 million during the same quarter last year, which suggests a negative year over year growth rate of 18.8%. The company is expected to report its next earnings results before the market opens on Tuesday, February 6th.

According to Zacks, analysts expect that Oaktree Capital Group will report full-year sales of $285.22 million for the current fiscal year, with estimates ranging from $1.67 billion to $1.70 billion. For the next year, analysts anticipate that the company will report sales of $1.58 billion per share, with estimates ranging from $1.48 billion to $1.62 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Oaktree Capital Group.

Oaktree Capital Group (NYSE:OAK) last posted its quarterly earnings results on Thursday, October 26th. The asset manager reported $0.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.11. Oaktree Capital Group had a return on equity of 18.88% and a net margin of 19.04%. The company had revenue of $304.80 million for the quarter, compared to analysts’ expectations of $281.61 million. During the same period last year, the firm earned $0.92 earnings per share. Oaktree Capital Group’s quarterly revenue was down 16.5% on a year-over-year basis.

A number of analysts have weighed in on OAK shares. Zacks Investment Research cut Oaktree Capital Group from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. TheStreet cut Oaktree Capital Group from a “b-” rating to a “c+” rating in a research note on Friday, November 17th. Finally, ValuEngine cut Oaktree Capital Group from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $49.50.

In other news, major shareholder Organics L.P. Oaktree bought 3,055,460 shares of the business’s stock in a transaction dated Friday, December 15th. The shares were acquired at an average price of $7.50 per share, for a total transaction of $22,915,950.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Oaktree Capital Management Lp bought 28,800 shares of the business’s stock in a transaction dated Wednesday, December 13th. The shares were purchased at an average price of $8.63 per share, for a total transaction of $248,544.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 4,498,182 shares of company stock worth $44,373,324.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Carroll Financial Associates Inc. increased its position in shares of Oaktree Capital Group by 200.0% during the fourth quarter. Carroll Financial Associates Inc. now owns 3,000 shares of the asset manager’s stock worth $126,000 after purchasing an additional 2,000 shares in the last quarter. Baltimore Washington Financial Advisors Inc. increased its position in shares of Oaktree Capital Group by 8.3% during the fourth quarter. Baltimore Washington Financial Advisors Inc. now owns 127,649 shares of the asset manager’s stock worth $5,374,000 after purchasing an additional 9,827 shares in the last quarter. North Star Investment Management Corp. increased its position in shares of Oaktree Capital Group by 235.3% during the fourth quarter. North Star Investment Management Corp. now owns 4,208 shares of the asset manager’s stock worth $177,000 after purchasing an additional 2,953 shares in the last quarter. Adalta Capital Management LLC increased its position in shares of Oaktree Capital Group by 24.0% during the third quarter. Adalta Capital Management LLC now owns 6,075 shares of the asset manager’s stock worth $286,000 after purchasing an additional 1,175 shares in the last quarter. Finally, Burgundy Asset Management Ltd. increased its position in shares of Oaktree Capital Group by 75.9% during the third quarter. Burgundy Asset Management Ltd. now owns 416,310 shares of the asset manager’s stock worth $19,587,000 after purchasing an additional 179,627 shares in the last quarter. Institutional investors and hedge funds own 22.59% of the company’s stock.

Shares of Oaktree Capital Group (OAK) opened at $45.65 on Friday. Oaktree Capital Group has a 52 week low of $40.65 and a 52 week high of $48.50. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 2.37. The firm has a market capitalization of $7,130.00, a price-to-earnings ratio of 10.49, a price-to-earnings-growth ratio of 1.05 and a beta of 0.58.

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About Oaktree Capital Group

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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