Oaktree Capital Management Lp Acquires 28,800 Shares of Oaktree Capital Group LLC (OAK) Stock
Oaktree Capital Group LLC (NYSE:OAK) major shareholder Oaktree Capital Management Lp purchased 28,800 shares of the stock in a transaction dated Wednesday, December 13th. The stock was acquired at an average cost of $8.63 per share, for a total transaction of $248,544.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Oaktree Capital Group LLC (NYSE OAK) traded down $0.05 during midday trading on Friday, hitting $41.70. 287,900 shares of the stock traded hands, compared to its average volume of 224,967. Oaktree Capital Group LLC has a one year low of $36.95 and a one year high of $48.50. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 2.37. The company has a market capitalization of $6,553.22, a price-to-earnings ratio of 10.06, a P/E/G ratio of 0.87 and a beta of 0.57.
Oaktree Capital Group (NYSE:OAK) last posted its quarterly earnings results on Thursday, October 26th. The asset manager reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.11. Oaktree Capital Group had a net margin of 19.04% and a return on equity of 18.88%. The company had revenue of $304.80 million for the quarter, compared to analyst estimates of $281.61 million. During the same quarter in the previous year, the firm posted $0.92 earnings per share. The company’s quarterly revenue was down 16.5% compared to the same quarter last year. equities research analysts expect that Oaktree Capital Group LLC will post 3.86 earnings per share for the current fiscal year.
Several research firms have recently issued reports on OAK. TheStreet lowered shares of Oaktree Capital Group from a “b-” rating to a “c+” rating in a research report on Friday, November 17th. Zacks Investment Research lowered shares of Oaktree Capital Group from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $49.50.
A number of large investors have recently modified their holdings of the stock. Adalta Capital Management LLC grew its stake in Oaktree Capital Group by 24.0% during the third quarter. Adalta Capital Management LLC now owns 6,075 shares of the asset manager’s stock valued at $286,000 after acquiring an additional 1,175 shares in the last quarter. Burgundy Asset Management Ltd. grew its stake in Oaktree Capital Group by 75.9% during the third quarter. Burgundy Asset Management Ltd. now owns 416,310 shares of the asset manager’s stock valued at $19,587,000 after acquiring an additional 179,627 shares in the last quarter. GSA Capital Partners LLP purchased a new position in Oaktree Capital Group during the third quarter valued at approximately $304,000. Gofen & Glossberg LLC IL grew its stake in Oaktree Capital Group by 8.7% during the third quarter. Gofen & Glossberg LLC IL now owns 135,500 shares of the asset manager’s stock valued at $6,375,000 after acquiring an additional 10,900 shares in the last quarter. Finally, Moors & Cabot Inc. purchased a new position in Oaktree Capital Group during the third quarter valued at approximately $218,000. 22.60% of the stock is owned by institutional investors.
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Oaktree Capital Group Company Profile
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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