Everett Harris & Co. CA decreased its holdings in shares of Oaktree Capital Group LLC Unit (NYSE:OAK) by 45.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,294 shares of the asset manager’s stock after selling 33,065 shares during the quarter. Everett Harris & Co. CA’s holdings in Oaktree Capital Group LLC Unit were worth $1,947,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of OAK. Cumberland Partners Ltd purchased a new stake in Oaktree Capital Group LLC Unit in the 2nd quarter worth about $30,000. NEXT Financial Group Inc bought a new position in shares of Oaktree Capital Group LLC Unit during the 2nd quarter worth about $49,000. Westside Investment Management Inc. bought a new position in shares of Oaktree Capital Group LLC Unit during the 2nd quarter worth about $59,000. Fort Sheridan Advisors LLC bought a new position in shares of Oaktree Capital Group LLC Unit during the 1st quarter worth about $218,000. Finally, Cetera Advisor Networks LLC lifted its holdings in shares of Oaktree Capital Group LLC Unit by 15.5% during the 1st quarter. Cetera Advisor Networks LLC now owns 6,325 shares of the asset manager’s stock worth $314,000 after acquiring an additional 850 shares during the period. Institutional investors own 37.04% of the company’s stock.
In other news, Director Steven J. Gilbert bought 10,000 shares of Oaktree Capital Group LLC Unit stock in a transaction on Monday, August 5th. The stock was acquired at an average price of $26.66 per share, with a total value of $266,600.00. Following the completion of the acquisition, the director now directly owns 10,000 shares of the company’s stock, valued at $266,600. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Oaktree Capital Group Holdings bought 20,899 shares of Oaktree Capital Group LLC Unit stock in a transaction on Monday, August 12th. The shares were purchased at an average cost of $4.03 per share, with a total value of $84,222.97. The disclosure for this purchase can be found here. Insiders purchased a total of 1,630,899 shares of company stock valued at $7,717,823 in the last ninety days.
Separately, Zacks Investment Research cut shares of Oaktree Capital Group LLC Unit from a “buy” rating to a “hold” rating in a report on Tuesday, July 30th. Six analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and an average target price of $47.00.
Shares of NYSE OAK opened at $53.01 on Thursday. Oaktree Capital Group LLC Unit has a 12 month low of $38.70 and a 12 month high of $53.49. The company has a current ratio of 2.52, a quick ratio of 2.52 and a debt-to-equity ratio of 3.02. The firm has a market capitalization of $8.46 billion, a price-to-earnings ratio of 20.16, a PEG ratio of 2.52 and a beta of 0.52. The business has a 50-day moving average of $51.64 and a 200-day moving average of $49.53.
Oaktree Capital Group LLC Unit (NYSE:OAK) last released its quarterly earnings results on Thursday, July 25th. The asset manager reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.07). The business had revenue of $313.48 million during the quarter, compared to analyst estimates of $311.80 million. Oaktree Capital Group LLC Unit had a return on equity of 19.02% and a net margin of 17.16%. The business’s revenue for the quarter was up 47.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.51 EPS. On average, analysts predict that Oaktree Capital Group LLC Unit will post 3.52 earnings per share for the current year.
Oaktree Capital Group LLC Unit Company 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.
Featured Article: How to execute a trade ex-dividend strategy?
Receive News & Ratings for Oaktree Capital Group LLC Unit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oaktree Capital Group LLC Unit and related companies with MarketBeat.com's FREE daily email newsletter.