Wall Street brokerages expect that Och-Ziff Capital Management Group LLC (NYSE:OZM) will post sales of $90.65 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Och-Ziff Capital Management Group’s earnings, with the highest sales estimate coming in at $91.04 million and the lowest estimate coming in at $90.26 million. Och-Ziff Capital Management Group posted sales of $152.56 million during the same quarter last year, which would suggest a negative year over year growth rate of 40.6%. The business is scheduled to report its next quarterly earnings results on Tuesday, August 1st.

According to Zacks, analysts expect that Och-Ziff Capital Management Group will report full year sales of $90.65 million for the current year, with estimates ranging from $667.27 million to $696.58 million. For the next financial year, analysts expect that the business will report sales of $658.51 million per share, with estimates ranging from $640.03 million to $676.99 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Och-Ziff Capital Management Group.

Och-Ziff Capital Management Group (NYSE:OZM) last posted its earnings results on Tuesday, May 2nd. The asset manager reported $0.07 EPS for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.05. Och-Ziff Capital Management Group had a negative net margin of 8.27% and a negative return on equity of 41.72%. The company had revenue of $133.21 million for the quarter, compared to analysts’ expectations of $104.31 million. During the same quarter in the prior year, the company posted $0.11 earnings per share. Och-Ziff Capital Management Group’s revenue for the quarter was down 24.1% compared to the same quarter last year.

OZM has been the topic of several recent analyst reports. Jefferies Group LLC reissued a “hold” rating and set a $3.00 price target on shares of Och-Ziff Capital Management Group in a research report on Tuesday, May 2nd. Keefe, Bruyette & Woods reissued a “hold” rating and set a $2.50 price target on shares of Och-Ziff Capital Management Group in a research report on Wednesday, April 12th. Finally, ValuEngine lowered Och-Ziff Capital Management Group from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $3.78.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Jane Street Group LLC raised its position in shares of Och-Ziff Capital Management Group by 292.1% in the first quarter. Jane Street Group LLC now owns 51,007 shares of the asset manager’s stock valued at $115,000 after buying an additional 37,999 shares during the last quarter. Two Sigma Investments LP purchased a new position in shares of Och-Ziff Capital Management Group during the fourth quarter valued at $183,000. Usca Ria LLC purchased a new position in shares of Och-Ziff Capital Management Group during the first quarter valued at $134,000. Searle & CO. purchased a new position in shares of Och-Ziff Capital Management Group during the first quarter valued at $137,000. Finally, Gamco Investors INC. ET AL raised its position in shares of Och-Ziff Capital Management Group by 337.4% in the first quarter. Gamco Investors INC. ET AL now owns 99,300 shares of the asset manager’s stock valued at $224,000 after buying an additional 76,600 shares during the last quarter. 53.39% of the stock is currently owned by institutional investors.

Och-Ziff Capital Management Group (NYSE:OZM) traded down 1.66% on Wednesday, reaching $2.37. 500,997 shares of the company’s stock were exchanged. Och-Ziff Capital Management Group has a 1-year low of $2.15 and a 1-year high of $4.78. The company has a 50 day moving average price of $2.40 and a 200-day moving average price of $2.75. The company’s market capitalization is $438.75 million.

The company also recently announced a quarterly dividend, which was paid on Friday, May 19th. Shareholders of record on Friday, May 12th were given a $0.02 dividend. This is a positive change from Och-Ziff Capital Management Group’s previous quarterly dividend of $0.01. This represents a $0.08 annualized dividend and a yield of 3.38%. The ex-dividend date of this dividend was Wednesday, May 10th. Och-Ziff Capital Management Group’s dividend payout ratio is presently -19.51%.

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Och-Ziff Capital Management Group Company Profile

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 real estate business.

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