Oaktree Capital Management (OAK) Given Average Rating of “Hold” by Analysts
Oaktree Capital Management (NYSE:OAK) has been given a consensus recommendation of “Hold” by the nine research firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $49.40.
Several brokerages recently commented on OAK. JPMorgan Chase cut their target price on Oaktree Capital Management from $53.00 to $51.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 13th. ValuEngine lowered Oaktree Capital Management from a “buy” rating to a “hold” rating in a research report on Thursday, February 15th. Zacks Investment Research upgraded Oaktree Capital Management from a “sell” rating to a “hold” rating in a research report on Saturday, March 24th. Morgan Stanley cut their target price on Oaktree Capital Management from $60.00 to $57.00 and set an “overweight” rating on the stock in a research report on Thursday, March 1st. Finally, Deutsche Bank cut their target price on Oaktree Capital Management from $44.00 to $42.00 and set a “hold” rating on the stock in a research report on Friday, April 6th.
Shares of Oaktree Capital Management stock traded up $0.18 on Thursday, hitting $39.93. 63,469 shares of the company’s stock traded hands, compared to its average volume of 363,613. Oaktree Capital Management has a one year low of $38.80 and a one 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 $6,133.40, a price-to-earnings ratio of 10.09, a PEG ratio of 1.01 and a beta of 0.69.
In other Oaktree Capital Management news, Director Oaktree Capital Group Holdings sold 1,821,377 shares of the stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $20.15, for a total value of $36,700,746.55. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Oaktree Capital Management Lp purchased 84,054 shares of the business’s stock in a transaction on Tuesday, February 6th. The stock was purchased at an average price of $5.22 per share, for a total transaction of $438,761.88. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 529,796 shares of company stock worth $3,290,379.
A number of large investors have recently made changes to their positions in OAK. Oak Grove Capital LLC purchased a new stake in shares of Oaktree Capital Management in the fourth quarter worth approximately $3,513,000. Mackenzie Financial Corp raised its stake in shares of Oaktree Capital Management by 45.1% in the fourth quarter. Mackenzie Financial Corp now owns 1,189,792 shares of the asset manager’s stock worth $50,090,000 after purchasing an additional 369,700 shares during the last quarter. Sterneck Capital Management LLC purchased a new stake in shares of Oaktree Capital Management in the fourth quarter worth approximately $211,000. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Oaktree Capital Management by 31.8% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 23,238 shares of the asset manager’s stock worth $1,093,000 after purchasing an additional 5,603 shares during the last quarter. Finally, Two Sigma Securities LLC purchased a new stake in shares of Oaktree Capital Management in the fourth quarter worth approximately $556,000. Institutional investors and hedge funds own 22.95% of the company’s stock.
Oaktree Capital Management Company Profile
Oaktree Capital Group, LLC operates as a global investment management firm that focuses on alternative markets. It manage investments in a number of strategies within six asset classes, including distressed debt; corporate debt, including high yield debt and senior loans; control investing; convertible securities; real estate; and listed equities.
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