Zacks Investment Research downgraded shares of Och-Ziff Capital Management Group (NYSE:OZM) from a buy rating to a hold rating in a research note published on Thursday.
According to Zacks, “Och-Ziff Capital Management Group LLC is a leading, global institutional alternative asset management firm. It seeks to deliver consistent positive risk-adjusted returns throughout market cycles, with a strong focus on risk management and capital preservation. Portfolio composition is determined by market opportunities rather than any predetermined commitment to investment discipline or geography. Our diversified, multi-strategy approach is based on global investment strategies, including merger arbitrage, convertible arbitrage, equity restructuring, credit and distressed investments, private investments and real estate. “
Other analysts also recently issued reports about the company. TheStreet downgraded Och-Ziff Capital Management Group from a c rating to a d+ rating in a research note on Thursday, July 19th. ValuEngine downgraded Och-Ziff Capital Management Group from a sell rating to a strong sell rating in a research note on Monday, July 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $3.25.
Och-Ziff Capital Management Group (NYSE:OZM) last posted its quarterly earnings data on Thursday, August 2nd. The asset manager reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.04). The company had revenue of $104.64 million for the quarter, compared to analysts’ expectations of $104.12 million. Och-Ziff Capital Management Group had a net margin of 0.44% and a negative return on equity of 341.23%. On average, equities research analysts expect that Och-Ziff Capital Management Group will post 0.17 earnings per share for the current fiscal year.
In other Och-Ziff Capital Management Group news, insider David Michael Levine sold 14,146 shares of the business’s stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $2.00, for a total transaction of $28,292.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 40,477 shares of company stock worth $72,033 in the last quarter. 62.31% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Moors & Cabot Inc. increased its position in Och-Ziff Capital Management Group by 233.3% during the 1st quarter. Moors & Cabot Inc. now owns 50,000 shares of the asset manager’s stock worth $134,000 after purchasing an additional 35,000 shares during the period. LPL Financial LLC increased its position in Och-Ziff Capital Management Group by 64.5% during the 1st quarter. LPL Financial LLC now owns 88,772 shares of the asset manager’s stock worth $237,000 after purchasing an additional 34,814 shares during the period. Searle & CO. increased its position in Och-Ziff Capital Management Group by 19.1% during the 2nd quarter. Searle & CO. now owns 155,700 shares of the asset manager’s stock worth $301,000 after purchasing an additional 25,000 shares during the period. GSA Capital Partners LLP increased its position in Och-Ziff Capital Management Group by 34.2% during the 1st quarter. GSA Capital Partners LLP now owns 232,827 shares of the asset manager’s stock worth $622,000 after purchasing an additional 59,324 shares during the period. Finally, Miller Value Partners LLC acquired a new position in Och-Ziff Capital Management Group during the 2nd quarter worth approximately $579,000. Institutional investors own 16.06% of the company’s stock.
Och-Ziff Capital Management Group Company Profile
Och-Ziff Capital Management Group LLC is a publicly owned hedge fund sponsor. The firm provides investment advisory services for its clients. It primarily caters to institutional investors which include pension funds, fund-of-funds, foundations and endowments, corporations and other institutions, private banks and family offices.
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