Oaktree Capital Group LLC (NYSE:OAK) Director Ocm Growth Holdings Llc purchased 1,006,899 shares of the company’s stock in a transaction dated Friday, September 14th. The shares were purchased at an average cost of $15.02 per share, for a total transaction of $15,123,622.98. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.

NYSE:OAK opened at $41.10 on Wednesday. The company has a debt-to-equity ratio of 2.49, a quick ratio of 1.88 and a current ratio of 1.88. Oaktree Capital Group LLC has a 52-week low of $38.65 and a 52-week high of $48.05. The firm has a market cap of $6.40 billion, a P/E ratio of 10.35, a P/E/G ratio of 1.01 and a beta of 0.72.

Oaktree Capital Group (NYSE:OAK) last released its quarterly earnings data on Thursday, July 26th. The asset manager reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.02). Oaktree Capital Group had a net margin of 13.05% and a return on equity of 9.38%. The company had revenue of $273.53 million for the quarter, compared to the consensus estimate of $276.75 million. During the same quarter in the previous year, the firm posted $1.73 earnings per share. The business’s revenue for the quarter was down 61.2% compared to the same quarter last year. research analysts forecast that Oaktree Capital Group LLC will post 2.7 earnings per share for the current year.

OAK has been the topic of a number of analyst reports. JPMorgan Chase & Co. decreased their price objective on Oaktree Capital Group from $50.00 to $47.00 and set a “neutral” rating on the stock in a research note on Friday, July 27th. ValuEngine lowered Oaktree Capital Group from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 14th. Zacks Investment Research upgraded Oaktree Capital Group from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a research note on Thursday, July 12th. Oppenheimer reiterated a “hold” rating on shares of Oaktree Capital Group in a research note on Monday, July 30th. Finally, Morgan Stanley decreased their price objective on Oaktree Capital Group from $51.00 to $48.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 14th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $45.40.

Several large investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new position in Oaktree Capital Group in the 1st quarter worth about $1,101,000. Private Advisor Group LLC bought a new position in Oaktree Capital Group in the 1st quarter worth about $434,000. Artisan Partners Limited Partnership bought a new position in Oaktree Capital Group in the 1st quarter worth about $44,987,000. Sei Investments Co. increased its stake in Oaktree Capital Group by 1,310.0% in the 1st quarter. Sei Investments Co. now owns 3,525 shares of the asset manager’s stock worth $140,000 after acquiring an additional 3,275 shares during the last quarter. Finally, Elgethun Capital Management increased its stake in Oaktree Capital Group by 20.4% in the 1st quarter. Elgethun Capital Management now owns 44,716 shares of the asset manager’s stock worth $1,771,000 after acquiring an additional 7,582 shares during the last quarter. Institutional investors own 26.25% of the company’s stock.

About Oaktree Capital Group

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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Insider Buying and Selling by Quarter for Oaktree Capital Group (NYSE:OAK)

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