Oaktree Capital Group LLC (NYSE:OAK) – Analysts at Jefferies Group reduced their Q2 2018 EPS estimates for Oaktree Capital Group in a research report issued to clients and investors on Tuesday. Jefferies Group analyst G. O’hara now anticipates that the asset manager will post earnings per share of $0.86 for the quarter, down from their prior forecast of $0.90. Jefferies Group also issued estimates for Oaktree Capital Group’s Q3 2018 earnings at $0.88 EPS, Q4 2018 earnings at $0.88 EPS and FY2018 earnings at $3.47 EPS.
Oaktree Capital Group (NYSE:OAK) last announced its quarterly earnings results on Tuesday, February 6th. The asset manager reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.17. Oaktree Capital Group had a net margin of 15.75% and a return on equity of 18.06%. The firm had revenue of $327.40 million for the quarter, compared to the consensus estimate of $286.45 million. During the same period in the prior year, the firm posted $0.91 earnings per share. The company’s revenue for the quarter was down 6.8% on a year-over-year basis.
Shares of Oaktree Capital Group (NYSE OAK) traded down $1.75 during trading on Thursday, hitting $43.90. 422,434 shares of the stock were exchanged, compared to its average volume of 252,835. Oaktree Capital Group has a 52-week low of $41.10 and a 52-week high of $48.50. The stock has a market capitalization of $7,162.46, a P/E ratio of 12.24, a price-to-earnings-growth ratio of 1.05 and a beta of 0.62. The company has a debt-to-equity ratio of 2.37, a quick ratio of 1.80 and a current ratio of 1.80.
The business also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Friday, February 16th will be paid a $0.76 dividend. This is an increase from Oaktree Capital Group’s previous quarterly dividend of $0.56. This represents a $3.04 dividend on an annualized basis and a yield of 6.92%. The ex-dividend date is Thursday, February 15th. Oaktree Capital Group’s dividend payout ratio (DPR) is currently 61.88%.
In related news, Director Ocm Growth Holdings Llc bought 1,413,922 shares of the stock in a transaction that occurred on Friday, December 8th. The shares were acquired at an average cost of $15.00 per share, with a total value of $21,208,830.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Organics L.P. Oaktree bought 3,055,460 shares of the stock in a transaction that occurred on Friday, December 15th. The stock was bought at an average cost of $7.50 per share, for a total transaction of $22,915,950.00. The disclosure for this purchase can be found here. Insiders purchased 4,582,236 shares of company stock worth $44,812,086 over the last ninety days.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. SMH Capital Advisors Inc. purchased a new stake in Oaktree Capital Group in the fourth quarter valued at approximately $870,000. Sterneck Capital Management LLC purchased a new stake in Oaktree Capital Group in the fourth quarter valued at approximately $211,000. California Public Employees Retirement System raised its stake in Oaktree Capital Group by 5.4% in the fourth quarter. California Public Employees Retirement System now owns 83,175 shares of the asset manager’s stock valued at $3,502,000 after purchasing an additional 4,287 shares in the last quarter. PenderFund Capital Management Ltd. purchased a new stake in Oaktree Capital Group in the fourth quarter valued at approximately $352,000. Finally, Steinberg Global Asset Management raised its stake in Oaktree Capital Group by 5.4% in the fourth quarter. Steinberg Global Asset Management now owns 93,789 shares of the asset manager’s stock valued at $3,949,000 after purchasing an additional 4,828 shares in the last quarter. 22.58% of the stock is currently owned by institutional investors and hedge funds.
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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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