Oaktree Capital Management Lp Buys 60,000 Shares of Oaktree Capital Group LLC (OAK) Stock

Oaktree Capital Group LLC (NYSE:OAK) major shareholder Oaktree Capital Management Lp purchased 60,000 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was bought at an average cost of $5.12 per share, for a total transaction of $307,200.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • On Tuesday, February 13th, Oaktree Capital Management Lp purchased 40,000 shares of Oaktree Capital Group stock. The stock was bought at an average cost of $5.81 per share, for a total transaction of $232,400.00.
  • On Tuesday, February 6th, Oaktree Capital Management Lp acquired 84,054 shares of Oaktree Capital Group stock. The stock was acquired 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 acquired 28,800 shares of Oaktree Capital Group stock. The stock was acquired at an average price of $8.63 per share, with a total value of $248,544.00.

Oaktree Capital Group LLC (OAK) traded down $0.10 during mid-day trading on Tuesday, reaching $42.65. 1,058,501 shares of the company’s stock were exchanged, compared to its average volume of 313,855. The firm has a market cap of $6,670.00, a P/E ratio of 11.78, a price-to-earnings-growth ratio of 0.95 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. Oaktree Capital Group LLC has a 12 month low of $41.10 and a 12 month high of $48.50.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Friday, February 16th will be issued a dividend of $0.76 per share. The ex-dividend date is Thursday, February 15th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 7.13%. This is an increase from Oaktree Capital Group’s previous quarterly dividend of $0.56. Oaktree Capital Group’s dividend payout ratio (DPR) is currently 61.88%.

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

Several hedge funds and other institutional investors have recently made changes to their positions in OAK. Mackenzie Financial Corp increased its holdings in shares of Oaktree Capital Group by 45.1% during the 4th quarter. Mackenzie Financial Corp now owns 1,189,792 shares of the asset manager’s stock worth $50,090,000 after buying an additional 369,700 shares during the last quarter. Burgundy Asset Management Ltd. increased its holdings in shares of Oaktree Capital Group by 75.9% during the 3rd quarter. Burgundy Asset Management Ltd. now owns 416,310 shares of the asset manager’s stock worth $19,587,000 after buying an additional 179,627 shares during the last quarter. Shelter Mutual Insurance Co acquired a new stake in shares of Oaktree Capital Group during the 3rd quarter worth approximately $5,509,000. Steinberg Global Asset Management acquired a new stake in shares of Oaktree Capital Group during the 3rd quarter worth approximately $4,186,000. Finally, Oak Grove Capital LLC acquired a new stake in shares of Oaktree Capital Group during the 4th quarter worth approximately $3,513,000. Institutional investors and hedge funds own 22.61% of the company’s stock.

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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.

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

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