Oaktree Capital Group LLC (OAK) Major Shareholder Oaktree Capital Management Lp Acquires 40,000 Shares

Oaktree Capital Group LLC (NYSE:OAK) major shareholder Oaktree Capital Management Lp bought 40,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The shares were acquired at an average price of $5.81 per share, with a total value of $232,400.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Oaktree Capital Management Lp also recently made the following trade(s):

  • On Friday, February 9th, Oaktree Capital Management Lp purchased 60,000 shares of Oaktree Capital Group stock. The shares were purchased at an average price of $5.12 per share, with a total value of $307,200.00.
  • On Tuesday, February 6th, Oaktree Capital Management Lp purchased 84,054 shares of Oaktree Capital Group stock. The shares were purchased at an average price of $5.22 per share, with a total value of $438,761.88.
  • On Wednesday, December 13th, Oaktree Capital Management Lp purchased 28,800 shares of Oaktree Capital Group stock. The shares were purchased at an average price of $8.63 per share, with a total value of $248,544.00.

Oaktree Capital Group LLC (NYSE:OAK) traded down $0.10 during midday trading on Tuesday, reaching $42.65. The company’s stock had a trading volume of 1,058,501 shares, compared to its average volume of 313,855. The stock has a market cap of $6,670.00, a PE ratio of 11.78, a PEG ratio of 0.95 and a beta of 0.62. 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 LLC has a fifty-two week low of $41.10 and a fifty-two week high of $48.50.

Oaktree Capital Group (NYSE:OAK) last released its quarterly earnings results on Tuesday, February 6th. The asset manager reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.17. The business had revenue of $327.40 million during the quarter, compared to analysts’ expectations of $286.45 million. Oaktree Capital Group had a return on equity of 18.06% and a net margin of 15.75%. The firm’s revenue for the quarter was down 6.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.91 EPS. equities analysts predict that Oaktree Capital Group LLC will post 3.48 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Friday, February 16th will be paid a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 7.13%. This is a positive change from Oaktree Capital Group’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend is Thursday, February 15th. Oaktree Capital Group’s dividend payout ratio (DPR) is presently 61.88%.

Several equities analysts have weighed in on OAK shares. TheStreet cut Oaktree Capital Group from a “b-” rating to a “c+” rating in a report on Friday, November 17th. Zacks Investment Research upgraded Oaktree Capital Group from a “sell” rating to a “hold” rating in a report on Saturday, February 3rd. ValuEngine cut Oaktree Capital Group from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Finally, JPMorgan Chase & Co. cut their price target on Oaktree Capital Group from $53.00 to $51.00 and set a “neutral” rating for the company in a report on Tuesday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $49.80.

Several large investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its stake in shares of Oaktree Capital Group by 6.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,618 shares of the asset manager’s stock valued at $215,000 after purchasing an additional 299 shares during the last quarter. Adalta Capital Management LLC lifted its stake in shares of Oaktree Capital Group by 24.0% in the 3rd quarter. Adalta Capital Management LLC now owns 6,075 shares of the asset manager’s stock valued at $286,000 after purchasing an additional 1,175 shares during the last quarter. Intrepid Capital Management Inc. lifted its stake in shares of Oaktree Capital Group by 0.5% in the 3rd quarter. Intrepid Capital Management Inc. now owns 283,931 shares of the asset manager’s stock valued at $13,359,000 after purchasing an additional 1,475 shares during the last quarter. Advisory Services Network LLC lifted its stake in shares of Oaktree Capital Group by 11.3% in the 2nd quarter. Advisory Services Network LLC now owns 17,542 shares of the asset manager’s stock valued at $817,000 after purchasing an additional 1,776 shares during the last quarter. Finally, California Public Employees Retirement System lifted its stake in shares of Oaktree Capital Group by 2.5% in the 2nd quarter. California Public Employees Retirement System now owns 73,700 shares of the asset manager’s stock valued at $3,434,000 after purchasing an additional 1,800 shares during the last quarter. 22.61% of the stock is owned by institutional investors and hedge funds.

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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.

Insider Buying and Selling by Quarter for Oaktree Capital Group (NYSE:OAK)

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