Oaktree Capital Group LLC Unit (NYSE:OAK) shares crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $49.25 and traded as low as $50.30. Oaktree Capital Group LLC Unit shares last traded at $50.34, with a volume of 12,775 shares traded.

OAK has been the subject of a number of research reports. Morgan Stanley lifted their target price on TELUS from C$53.00 to C$55.00 in a report on Thursday, March 14th. Wells Fargo & Co restated a “buy” rating on shares of Signature Bank in a research report on Thursday, March 14th. Finally, ValuEngine upgraded Whiting Petroleum from a “strong sell” rating to a “sell” rating in a research report on Friday, April 5th. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $46.50.

The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 2.84. The company has a market cap of $8.06 billion, a P/E ratio of 19.11, a P/E/G ratio of 2.26 and a beta of 0.53. The firm has a 50-day simple moving average of $49.28.

Oaktree Capital Group LLC Unit (NYSE:OAK) last released its earnings results on Thursday, April 25th. The asset manager reported $1.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.18. Oaktree Capital Group LLC Unit had a return on equity of 18.49% and a net margin of 17.09%. The firm had revenue of $266.42 million for the quarter, compared to analysts’ expectations of $522.21 million. During the same quarter in the previous year, the business posted $0.93 earnings per share. The business’s revenue for the quarter was down 21.0% on a year-over-year basis. As a group, analysts forecast that Oaktree Capital Group LLC Unit will post 3.47 EPS for the current fiscal year.

In other news, major shareholder Oaktree Capital Group Holdings purchased 27,300 shares of Oaktree Capital Group LLC Unit stock in a transaction dated Wednesday, June 12th. The shares were bought at an average cost of $4.67 per share, for a total transaction of $127,491.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ocm Growth Holdings Llc purchased 1,628,366 shares of Oaktree Capital Group LLC Unit stock in a transaction dated Friday, May 10th. The shares were purchased at an average price of $15.16 per share, for a total transaction of $24,686,028.56. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 2,264,975 shares of company stock worth $27,668,527.

Several large investors have recently added to or reduced their stakes in OAK. JPMorgan Chase & Co. grew its holdings in shares of Oaktree Capital Group LLC Unit by 751.1% during the first quarter. JPMorgan Chase & Co. now owns 3,271,739 shares of the asset manager’s stock worth $162,442,000 after purchasing an additional 2,887,319 shares during the last quarter. FMR LLC grew its holdings in shares of Oaktree Capital Group LLC Unit by 24.0% during the fourth quarter. FMR LLC now owns 6,438,972 shares of the asset manager’s stock worth $255,949,000 after purchasing an additional 1,245,698 shares during the last quarter. Water Island Capital LLC bought a new stake in shares of Oaktree Capital Group LLC Unit during the first quarter worth about $55,303,000. Chicago Capital Management LLC bought a new stake in shares of Oaktree Capital Group LLC Unit during the first quarter worth about $14,429,000. Finally, Gabelli Funds LLC bought a new stake in shares of Oaktree Capital Group LLC Unit during the first quarter worth about $9,706,000. Institutional investors own 32.05% of the company’s stock.

Oaktree Capital Group LLC Unit Company Profile (NYSE:OAK)

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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