Oaktree Capital Group LLC (OAK) Major Shareholder Oaktree Capital Group Holdings Purchases 186,418 Shares

Oaktree Capital Group LLC (NYSE:OAK) major shareholder Oaktree Capital Group Holdings bought 186,418 shares of the company’s stock in a transaction that occurred on Thursday, November 15th. The shares were bought at an average cost of $4.74 per share, for a total transaction of $883,621.32. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Major shareholders that own 10% or more 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 Tuesday, November 20th, Oaktree Capital Group Holdings purchased 408,521 shares of Oaktree Capital Group stock. The shares were acquired at an average price of $4.41 per share, for a total transaction of $1,801,577.61.
  • On Tuesday, November 13th, Oaktree Capital Group Holdings purchased 82,639 shares of Oaktree Capital Group stock. The shares were acquired at an average price of $4.64 per share, for a total transaction of $383,444.96.

OAK opened at $39.93 on Monday. Oaktree Capital Group LLC has a fifty-two week low of $38.65 and a fifty-two week high of $46.80. The company has a debt-to-equity ratio of 2.60, a quick ratio of 2.30 and a current ratio of 2.30. The firm has a market cap of $6.27 billion, a price-to-earnings ratio of 10.06, a price-to-earnings-growth ratio of 1.18 and a beta of 0.57.

Oaktree Capital Group (NYSE:OAK) last posted its quarterly earnings results on Thursday, October 25th. The asset manager reported $0.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.29. Oaktree Capital Group had a net margin of 13.96% and a return on equity of 14.03%. The firm had revenue of $320.17 million for the quarter, compared to the consensus estimate of $272.40 million. On average, sell-side analysts anticipate that Oaktree Capital Group LLC will post 2.91 EPS for the current fiscal year.

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

Several large investors have recently modified their holdings of the company. FMR LLC boosted its stake in shares of Oaktree Capital Group by 13.6% in the 3rd quarter. FMR LLC now owns 5,193,274 shares of the asset manager’s stock valued at $215,002,000 after purchasing an additional 621,764 shares in the last quarter. Mackenzie Financial Corp boosted its stake in shares of 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 valued at $74,951,000 after purchasing an additional 91,260 shares in the last quarter. Ariel Investments LLC boosted its stake in shares of Oaktree Capital Group by 4.3% in the 2nd quarter. Ariel Investments LLC now owns 1,696,756 shares of the asset manager’s stock valued at $68,973,000 after purchasing an additional 70,383 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Oaktree Capital Group by 6.0% in the 1st quarter. Principal Financial Group Inc. now owns 1,331,123 shares of the asset manager’s stock valued at $52,712,000 after purchasing an additional 74,820 shares in the last quarter. Finally, Artisan Partners Limited Partnership boosted its stake in shares of Oaktree Capital Group by 12.0% in the 2nd quarter. Artisan Partners Limited Partnership now owns 1,272,150 shares of the asset manager’s stock valued at $51,713,000 after purchasing an additional 136,105 shares in the last quarter. Institutional investors own 28.15% of the company’s stock.

A number of research firms have weighed in on OAK. ValuEngine upgraded shares of Oaktree Capital Group from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 31st. TheStreet upgraded shares of Oaktree Capital Group from a “c+” rating to a “b-” rating in a research note on Thursday, November 15th. Deutsche Bank decreased their price target on shares of Oaktree Capital Group from $41.00 to $39.00 and set a “hold” rating on the stock in a research note on Friday, November 16th. Oppenheimer reiterated a “hold” rating on shares of Oaktree Capital Group in a research note on Monday, July 30th. Finally, Morgan Stanley lifted their price target on shares of Oaktree Capital Group from $47.00 to $48.00 and gave the stock a “buy” rating in a research note on Wednesday, November 14th. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Oaktree Capital Group presently has a consensus rating of “Hold” and an average price target 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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