Oaktree Capital Group (OAK) Getting Somewhat Critical News Coverage, Analysis Shows
News articles about Oaktree Capital Group (NYSE:OAK) have trended somewhat negative recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Oaktree Capital Group earned a news impact score of 0.00 on Accern’s scale. Accern also gave news stories about the asset manager an impact score of 45.3900660973975 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- Oaktree Capital Group LLC (OAK) Major Shareholder Oaktree Capital Management Lp Purchases 26,900 Shares (americanbankingnews.com)
- Oaktree Capital Group LLC (OAK) Expected to Announce Quarterly Sales of $383.57 Million (americanbankingnews.com)
- Williams Co’s PE partners in Caiman Energy II seek to cash out-sources (finance.yahoo.com)
- Marks: Goldman Sachs Will Go On After Blankfein (finance.yahoo.com)
- Oaktree Capital Management Lp Purchases 26,900 Shares of Oaktree Capital Group LLC (OAK) Stock (americanbankingnews.com)
Oaktree Capital Group (OAK) traded down $0.85 during midday trading on Wednesday, hitting $39.85. 557,975 shares of the stock traded hands, compared to its average volume of 521,898. Oaktree Capital Group has a 1-year low of $39.80 and a 1-year high of $48.50. The company has a debt-to-equity ratio of 2.39, a current ratio of 6.04 and a quick ratio of 6.04. The firm has a market cap of $6,230.00, a price-to-earnings ratio of 9.65, a PEG ratio of 0.94 and a beta of 0.67.
The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 16th were paid a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 7.63%. This is a positive change from Oaktree Capital Group’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend was Thursday, February 15th. Oaktree Capital Group’s payout ratio is presently 73.61%.
Several research firms have recently commented on OAK. ValuEngine lowered shares of Oaktree Capital Group from a “buy” rating to a “hold” rating in a report on Thursday, February 15th. JPMorgan Chase & Co. decreased their price target on shares of Oaktree Capital Group from $53.00 to $51.00 and set a “neutral” rating for the company in a report on Tuesday, February 13th. Morgan Stanley decreased their price target on shares of Oaktree Capital Group from $60.00 to $57.00 and set an “overweight” rating for the company in a report on Thursday, March 1st. Zacks Investment Research raised shares of Oaktree Capital Group from a “sell” rating to a “hold” rating in a report on Saturday, February 3rd. Finally, TheStreet lowered shares of Oaktree Capital Group from a “b-” rating to a “c+” rating in a report on Friday, November 17th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $50.20.
In other news, major shareholder Organics L.P. Oaktree bought 3,055,460 shares of Oaktree Capital Group stock in a transaction on Friday, December 15th. The stock was purchased at an average cost of $7.50 per share, with a total value of $22,915,950.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Oaktree Capital Management Lp bought 26,900 shares of Oaktree Capital Group stock in a transaction on Thursday, March 8th. The shares were purchased at an average cost of $7.92 per share, with a total value of $213,048.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 3,412,387 shares of company stock valued at $25,151,205 over the last three months.
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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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