Ardevora Asset Management LLP Acquires 15,800 Shares of Oaktree Capital Group, LLC (OAK)
Ardevora Asset Management LLP boosted its holdings in shares of Oaktree Capital Group, LLC (NYSE:OAK) by 2.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 758,200 shares of the asset manager’s stock after purchasing an additional 15,800 shares during the period. Ardevora Asset Management LLP owned approximately 0.49% of Oaktree Capital Group worth $35,673,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in OAK. Capital World Investors lifted its stake in Oaktree Capital Group by 426.5% during the second quarter. Capital World Investors now owns 1,466,824 shares of the asset manager’s stock valued at $68,354,000 after purchasing an additional 1,188,224 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Oaktree Capital Group by 958.3% during the second quarter. Principal Financial Group Inc. now owns 1,159,853 shares of the asset manager’s stock valued at $54,048,000 after purchasing an additional 1,050,259 shares during the last quarter. Bank of Montreal Can lifted its position in shares of Oaktree Capital Group by 341.7% in the 2nd quarter. Bank of Montreal Can now owns 288,785 shares of the asset manager’s stock valued at $13,458,000 after acquiring an additional 223,400 shares in the last quarter. Westpac Banking Corp purchased a new stake in shares of Oaktree Capital Group in the 2nd quarter valued at approximately $5,760,000. Finally, Markel Corp lifted its position in shares of Oaktree Capital Group by 16.4% in the 2nd quarter. Markel Corp now owns 850,500 shares of the asset manager’s stock valued at $39,633,000 after acquiring an additional 120,000 shares in the last quarter. 21.97% of the stock is owned by institutional investors and hedge funds.
Oaktree Capital Group, LLC (NYSE:OAK) traded down $0.25 during trading on Tuesday, reaching $42.60. 48,218 shares of the company’s stock traded hands, compared to its average volume of 225,069. The firm has a market cap of $6,631.33, a price-to-earnings ratio of 10.18, a PEG ratio of 0.88 and a beta of 0.61. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 2.37. Oaktree Capital Group, LLC has a 1 year low of $36.95 and a 1 year high of $48.50.
Oaktree Capital Group (NYSE:OAK) last released its quarterly earnings data on Thursday, October 26th. The asset manager reported $0.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.11. The firm had revenue of $304.80 million for the quarter, compared to analyst estimates of $281.61 million. Oaktree Capital Group had a net margin of 19.04% and a return on equity of 18.88%. The company’s revenue for the quarter was down 16.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.92 EPS. research analysts expect that Oaktree Capital Group, LLC will post 3.85 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 10th. Shareholders of record on Monday, November 6th were paid a $0.56 dividend. The ex-dividend date was Friday, November 3rd. This represents a $2.24 annualized dividend and a yield of 5.26%. Oaktree Capital Group’s dividend payout ratio is presently 51.49%.
Several equities research analysts recently commented on OAK shares. BidaskClub upgraded shares of Oaktree Capital Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 5th. Jefferies Group LLC restated a “hold” rating and issued a $49.00 price target on shares of Oaktree Capital Group in a research report on Sunday, July 30th. Goldman Sachs Group, Inc. (The) downgraded shares of Oaktree Capital Group from a “buy” rating to a “neutral” rating and reduced their price target for the company from $50.00 to $49.00 in a research report on Friday, July 28th. Morgan Stanley upped their price target on shares of Oaktree Capital Group from $54.00 to $55.00 and gave the company an “outperform” rating in a research report on Tuesday, August 8th. Finally, Zacks Investment Research downgraded shares of Oaktree Capital Group from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. Oaktree Capital Group currently has an average rating of “Hold” and a consensus price target of $49.50.
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In other Oaktree Capital Group news, Vice Chairman John Frank sold 16,666 shares of the company’s stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $46.72, for a total value of $778,635.52. Following the transaction, the insider now owns 41,667 shares in the company, valued at approximately $1,946,682.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
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.
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