Oaktree Capital Group LLC (OAK) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Oaktree Capital Group LLC (NYSE:OAK) have earned an average recommendation of “Hold” from the eight analysts that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $49.50.

A number of equities analysts have issued reports on the stock. ValuEngine cut shares of Oaktree Capital Group from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. TheStreet cut shares of Oaktree Capital Group from a “b-” rating to a “c+” rating in a research report on Friday, November 17th. Finally, Zacks Investment Research cut shares of Oaktree Capital Group from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th.

In related 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 purchased at an average price of $7.50 per share, with a total value of $22,915,950.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ocm Growth Holdings Llc bought 1,413,922 shares of the business’s stock in a transaction dated Friday, December 8th. The shares were bought at an average cost of $15.00 per share, for a total transaction of $21,208,830.00. The disclosure for this purchase can be found here. Insiders have bought a total of 4,498,182 shares of company stock worth $44,373,324 in the last ninety days.

Several institutional investors and hedge funds have recently made changes to their positions in OAK. Stelac Advisory Services LLC bought a new stake in Oaktree Capital Group during the third quarter worth about $113,000. Carroll Financial Associates Inc. boosted its stake in 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 acquiring an additional 2,000 shares in the last quarter. IFP Advisors Inc boosted its stake in 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. North Star Investment Management Corp. boosted its stake in 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 acquiring an additional 2,953 shares in the last quarter. Finally, MML Investors Services LLC bought a new stake in Oaktree Capital Group during the second quarter worth about $207,000. 22.60% of the stock is currently owned by hedge funds and other institutional investors.

Oaktree Capital Group (OAK) traded up $0.20 during mid-day trading on Friday, hitting $45.20. 116,081 shares of the company’s stock were exchanged, compared to its average volume of 215,915. Oaktree Capital Group has a 12-month low of $41.10 and a 12-month high of $48.50. The stock has a market capitalization of $7,029.67, a PE ratio of 10.39, a price-to-earnings-growth ratio of 1.04 and a beta of 0.58. The company has a debt-to-equity ratio of 2.37, a current ratio of 1.80 and a quick ratio of 1.80.

Oaktree Capital Group (NYSE:OAK) last released its quarterly earnings data on Thursday, October 26th. The asset manager reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.11. Oaktree Capital Group had a net margin of 19.04% and a return on equity of 18.88%. The firm had revenue of $304.80 million for the quarter, compared to analysts’ expectations of $281.61 million. During the same quarter in the previous year, the company earned $0.92 earnings per share. The company’s revenue for the quarter was down 16.5% compared to the same quarter last year. research analysts expect that Oaktree Capital Group will post 3.81 EPS for the current fiscal year.

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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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