Shares of Och-Ziff Capital Management Group LLC (NYSE:OZM) rose 2% during trading on Friday . The stock traded as high as $3.59 and last traded at $3.58, with a volume of 72,070 shares changing hands. The stock had previously closed at $3.51.

OZM has been the subject of a number of analyst reports. RBC Capital Markets set a $5.00 price objective on shares of Och-Ziff Capital Management Group and gave the stock a “buy” rating in a research report on Thursday, July 21st. Jefferies Group restated a “buy” rating and set a $5.50 price objective on shares of Och-Ziff Capital Management Group in a research report on Wednesday, May 4th. Credit Suisse Group AG restated a “hold” rating and set a $4.60 price objective on shares of Och-Ziff Capital Management Group in a research report on Wednesday, August 3rd. Keefe, Bruyette & Woods downgraded shares of Och-Ziff Capital Management Group from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $5.50 to $4.50 in a research report on Monday, July 11th. Finally, Bank of America Corp. downgraded shares of Och-Ziff Capital Management Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 28th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. Och-Ziff Capital Management Group presently has a consensus rating of “Hold” and an average target price of $6.01.

The firm’s market cap is $656.87 million. The company’s 50 day moving average price is $3.56 and its 200 day moving average price is $3.99.

Och-Ziff Capital Management Group (NYSE:OZM) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by $0.01. During the same period in the previous year, the company posted $0.18 earnings per share. The business had revenue of $152.55 million for the quarter, compared to analysts’ expectations of $144.40 million. Och-Ziff Capital Management Group’s revenue for the quarter was down 52.5% compared to the same quarter last year. Equities analysts anticipate that Och-Ziff Capital Management Group LLC will post ($0.58) earnings per share for the current year.

A hedge fund recently bought a new stake in Och-Ziff Capital Management Group stock. State of New Jersey Common Pension Fund D acquired a new position in Och-Ziff Capital Management Group LLC (NYSE:OZM) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 1,075,000 shares of the company’s stock, valued at approximately $6,697,000. State of New Jersey Common Pension Fund D owned about 0.61% of Och-Ziff Capital Management Group as of its most recent SEC filing.

Och-Ziff Capital Management Group LLC (Och-Ziff) is an institutional alternative asset manager. The Company provides asset management services through its funds, which pursue a range of global investment opportunities. The Company operates through two segments: the Och-Ziff Funds and Other Operations.

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