New Amsterdam Partners LLC NY boosted its stake in Oaktree Capital Group, LLC (NYSE:OAK) by 66.7% during the second quarter, Holdings Channel reports. The fund owned 138,739 shares of the asset manager’s stock after buying an additional 55,525 shares during the period. Oaktree Capital Group makes up approximately 1.4% of New Amsterdam Partners LLC NY’s holdings, making the stock its 29th largest position. New Amsterdam Partners LLC NY’s holdings in Oaktree Capital Group were worth $6,465,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Creative Planning raised its stake in Oaktree Capital Group by 31.3% in the first quarter. Creative Planning now owns 24,863 shares of the asset manager’s stock valued at $1,126,000 after buying an additional 5,931 shares during the last quarter. National Investment Services Inc. WI purchased a new stake in Oaktree Capital Group during the first quarter valued at about $2,100,000. Moon Capital Management LLC raised its stake in Oaktree Capital Group by 44.5% in the first quarter. Moon Capital Management LLC now owns 22,195 shares of the asset manager’s stock valued at $1,005,000 after buying an additional 6,830 shares during the last quarter. Telemus Capital LLC raised its stake in Oaktree Capital Group by 10.4% in the first quarter. Telemus Capital LLC now owns 7,388 shares of the asset manager’s stock valued at $335,000 after buying an additional 696 shares during the last quarter. Finally, Rothschild Investment Corp IL purchased a new stake in Oaktree Capital Group during the first quarter valued at about $342,000. 23.23% of the stock is currently owned by institutional investors and hedge funds.

Oaktree Capital Group, LLC (OAK) opened at 46.55 on Friday. The stock has a market capitalization of $2.99 billion, a price-to-earnings ratio of 10.16 and a beta of 0.60. The company has a 50-day moving average of $47.34 and a 200-day moving average of $45.90. Oaktree Capital Group, LLC has a 52 week low of $36.95 and a 52 week high of $48.50.

Oaktree Capital Group (NYSE:OAK) last announced its quarterly earnings results on Thursday, July 27th. The asset manager reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.26. Oaktree Capital Group had a net margin of 19.17% and a return on equity of 20.11%. The company had revenue of $704.36 million for the quarter, compared to the consensus estimate of $592.84 million. During the same quarter in the prior year, the firm earned $0.79 earnings per share. Analysts anticipate that Oaktree Capital Group, LLC will post $3.89 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 11th. Shareholders of record on Monday, August 7th were issued a $1.31 dividend. This represents a $5.24 annualized dividend and a dividend yield of 11.26%. The ex-dividend date of this dividend was Thursday, August 3rd. This is an increase from Oaktree Capital Group’s previous quarterly dividend of $0.71. Oaktree Capital Group’s dividend payout ratio is 114.66%.

TRADEMARK VIOLATION WARNING: “Oaktree Capital Group, LLC (NYSE:OAK) Stake Increased by New Amsterdam Partners LLC NY” was reported by Daily Political and is the sole property of of Daily Political. If you are viewing this report on another site, it was illegally copied and republished in violation of US and international copyright and trademark legislation. The correct version of this report can be viewed at https://www.dailypolitical.com/2017/08/12/oaktree-capital-group-llc-nyseoak-stake-increased-by-new-amsterdam-partners-llc-ny.html.

Several equities research analysts have recently issued reports on OAK shares. Deutsche Bank AG increased their target price on shares of Oaktree Capital Group from $44.00 to $45.00 and gave the stock a “hold” rating in a research note on Friday, April 28th. Jefferies Group LLC started coverage on shares of Oaktree Capital Group in a research note on Wednesday, June 28th. They set a “hold” rating and a $49.00 target price on the stock. BidaskClub lowered shares of Oaktree Capital Group from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Morgan Stanley reissued an “overweight” rating and set a $54.00 target price (down from $56.00) on shares of Oaktree Capital Group in a research note on Monday, July 10th. Finally, Goldman Sachs Group, Inc. (The) lowered shares of Oaktree Capital Group from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $50.00 to $49.00 in a research note on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $47.50.

In other Oaktree Capital Group news, Director Ocm Growth Holdings Llc purchased 909,443 shares of Oaktree Capital Group stock in a transaction on Monday, June 12th. The shares were bought at an average price of $15.00 per share, with a total value of $13,641,645.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Oaktree Capital Group Holdings sold 10,000,000 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $5.66, for a total transaction of $56,600,000.00. The disclosure for this sale can be found here.

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.

Want to see what other hedge funds are holding OAK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oaktree Capital Group, LLC (NYSE:OAK).

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

Receive News & Ratings for Oaktree Capital Group LLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oaktree Capital Group LLC and related companies with MarketBeat.com's FREE daily email newsletter.