Insider Buying: Oaktree Capital Group LLC (OAK) Major Shareholder Buys 408,521 Shares of Stock

Oaktree Capital Group LLC (NYSE:OAK) major shareholder Oaktree Capital Group Holdings acquired 408,521 shares of the business’s stock in a transaction on Tuesday, November 20th. The shares were purchased at an average price of $4.41 per share, for a total transaction of $1,801,577.61. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Oaktree Capital Group Holdings also recently made the following trade(s):

  • On Thursday, November 15th, Oaktree Capital Group Holdings bought 186,418 shares of Oaktree Capital Group stock. The shares were bought at an average cost of $4.74 per share, with a total value of $883,621.32.
  • On Tuesday, November 13th, Oaktree Capital Group Holdings bought 82,639 shares of Oaktree Capital Group stock. The shares were bought at an average cost of $4.64 per share, with a total value of $383,444.96.

NYSE:OAK opened at $39.93 on Friday. The company has a market cap of $6.19 billion, a PE ratio of 10.06, a P/E/G ratio of 1.16 and a beta of 0.57. Oaktree Capital Group LLC has a 52 week low of $38.65 and a 52 week high of $46.80. The company has a debt-to-equity ratio of 2.60, a current ratio of 2.30 and a quick ratio of 2.30.

Oaktree Capital Group (NYSE:OAK) last issued its quarterly earnings data on Thursday, October 25th. The asset manager reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.29. Oaktree Capital Group had a return on equity of 14.03% and a net margin of 13.96%. The business had revenue of $320.17 million during the quarter, compared to analyst estimates of $272.40 million. Equities research analysts anticipate that Oaktree Capital Group LLC will post 2.91 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 13th. Investors of record on Monday, November 5th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 7.01%. This is a positive change from Oaktree Capital Group’s previous quarterly dividend of $0.55. The ex-dividend date was Friday, November 2nd. Oaktree Capital Group’s dividend payout ratio is 70.53%.

A number of hedge funds have recently modified their holdings of the stock. Coe Capital Management LLC grew its holdings in Oaktree Capital Group by 12.7% in the 3rd quarter. Coe Capital Management LLC now owns 13,505 shares of the asset manager’s stock worth $559,000 after buying an additional 1,520 shares in the last quarter. Griffin Asset Management Inc. bought a new position in Oaktree Capital Group in the 3rd quarter worth approximately $1,300,000. Bramshill Investments LLC bought a new position in Oaktree Capital Group in the 3rd quarter worth approximately $1,641,000. Alpine Global Management LLC bought a new position in Oaktree Capital Group in the 3rd quarter worth approximately $231,000. Finally, Mackenzie Financial Corp grew its holdings in Oaktree Capital Group by 5.3% in the 3rd quarter. Mackenzie Financial Corp now owns 1,810,407 shares of the asset manager’s stock worth $74,951,000 after buying an additional 91,260 shares in the last quarter. 28.15% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have recently commented on OAK shares. Morgan Stanley lowered their target price on Oaktree Capital Group from $48.00 to $47.00 and set a “buy” rating for the company in a report on Tuesday, October 9th. TheStreet lowered Oaktree Capital Group from a “b-” rating to a “c+” rating in a report on Tuesday, August 21st. ValuEngine raised Oaktree Capital Group from a “sell” rating to a “hold” rating in a report on Wednesday, October 17th. JPMorgan Chase & Co. upped their target price on Oaktree Capital Group from $47.00 to $50.00 and gave the company a “neutral” rating in a report on Wednesday, October 24th. Finally, Oppenheimer reaffirmed a “hold” rating on shares of Oaktree Capital Group in a report on Monday, July 30th. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the company. Oaktree Capital Group currently has a consensus rating of “Hold” and an average target price of $45.40.

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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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