Blume Capital Management Inc. Reduces Stake in Oaktree Capital Group LLC (OAK)

Blume Capital Management Inc. decreased its holdings in Oaktree Capital Group LLC (NYSE:OAK) by 31.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 86,950 shares of the asset manager’s stock after selling 39,150 shares during the period. Oaktree Capital Group comprises 2.0% of Blume Capital Management Inc.’s portfolio, making the stock its 19th largest holding. Blume Capital Management Inc. owned about 0.06% of Oaktree Capital Group worth $3,456,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of OAK. FMR LLC increased its holdings in Oaktree Capital Group by 13.6% in the third quarter. FMR LLC now owns 5,193,274 shares of the asset manager’s stock worth $215,002,000 after buying an additional 621,764 shares during the last quarter. Mackenzie Financial Corp increased its holdings in Oaktree Capital Group by 5.3% in the third quarter. Mackenzie Financial Corp now owns 1,810,407 shares of the asset manager’s stock worth $74,951,000 after buying an additional 91,260 shares during the last quarter. Markel Corp increased its holdings in Oaktree Capital Group by 1.6% in the third quarter. Markel Corp now owns 1,019,500 shares of the asset manager’s stock worth $42,207,000 after buying an additional 16,000 shares during the last quarter. Thornburg Investment Management Inc. increased its holdings in Oaktree Capital Group by 0.7% in the third quarter. Thornburg Investment Management Inc. now owns 1,005,669 shares of the asset manager’s stock worth $41,635,000 after buying an additional 6,860 shares during the last quarter. Finally, Royce & Associates LP increased its holdings in Oaktree Capital Group by 185.2% in the third quarter. Royce & Associates LP now owns 966,979 shares of the asset manager’s stock worth $40,033,000 after buying an additional 627,972 shares during the last quarter. Institutional investors own 27.16% of the company’s stock.

A number of equities research analysts have issued reports on OAK shares. Morgan Stanley upped their target price on Oaktree Capital Group from $47.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, November 14th. TheStreet raised Oaktree Capital Group from a “c+” rating to a “b-” rating in a research report on Thursday, November 15th. Deutsche Bank decreased their target price on Oaktree Capital Group from $41.00 to $39.00 and set a “hold” rating for the company in a research report on Friday, November 16th. ValuEngine raised Oaktree Capital Group from a “sell” rating to a “hold” rating in a research report on Wednesday, October 17th. Finally, JPMorgan Chase & Co. upped their target price on Oaktree Capital Group from $47.00 to $50.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 24th. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Oaktree Capital Group currently has a consensus rating of “Hold” and a consensus price target of $45.40.

In other news, major shareholder Oaktree Capital Group Holdings bought 18,400 shares of Oaktree Capital Group stock in a transaction that occurred on Monday, December 10th. The stock was purchased at an average cost of $4.64 per share, with a total value of $85,376.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ocm Growth Holdings Llc bought 2,192,658 shares of Oaktree Capital Group stock in a transaction that occurred on Wednesday, January 2nd. The stock was purchased at an average cost of $15.19 per share, with a total value of $33,306,475.02. The disclosure for this purchase can be found here. Insiders bought 4,464,207 shares of company stock valued at $43,402,570 over the last three months.

OAK opened at $42.61 on Tuesday. Oaktree Capital Group LLC has a 1-year low of $38.65 and a 1-year high of $43.40. The company has a debt-to-equity ratio of 2.60, a current ratio of 2.30 and a quick ratio of 2.30. The company has a market capitalization of $6.68 billion, a PE ratio of 16.20, a price-to-earnings-growth ratio of 1.14 and a beta of 0.53.

Oaktree Capital Group (NYSE:OAK) last posted its quarterly earnings data on Tuesday, February 5th. The asset manager reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.02. Oaktree Capital Group had a return on equity of 16.30% and a net margin of 16.12%. The company had revenue of $290.17 million during the quarter, compared to analysts’ expectations of $244.20 million. During the same period in the prior year, the business earned $0.72 earnings per share. Oaktree Capital Group’s revenue for the quarter was down 11.4% compared to the same quarter last year. As a group, sell-side analysts predict that Oaktree Capital Group LLC will post 3.21 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 22nd. Stockholders of record on Friday, February 15th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 7.04%. This is a boost from Oaktree Capital Group’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Thursday, February 14th. Oaktree Capital Group’s dividend payout ratio is currently 106.46%.

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Oaktree Capital Group Profile

Oaktree Capital Group, LLC operates as a global investment management firm that focuses on alternative markets. It manage investments in a number of strategies within six asset classes, including distressed debt; corporate debt, including high yield debt and senior loans; control investing; convertible securities; real estate; and listed equities.

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Institutional Ownership by Quarter for Oaktree Capital Group (NYSE:OAK)

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