Och-Ziff Capital Management Group (OZM) Downgraded by ValuEngine

ValuEngine lowered shares of Och-Ziff Capital Management Group (NYSE:OZM) from a sell rating to a strong sell rating in a report released on Thursday.

OZM has been the subject of a number of other reports. Citigroup set a $3.00 price objective on shares of Och-Ziff Capital Management Group and gave the company a buy rating in a research report on Monday, November 5th. Zacks Investment Research raised shares of Och-Ziff Capital Management Group from a hold rating to a buy rating and set a $2.00 price objective for the company in a research report on Tuesday, September 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $2.50.

NYSE:OZM opened at $1.30 on Thursday. The company has a debt-to-equity ratio of 29.62, a current ratio of 1.68 and a quick ratio of 1.68. The stock has a market capitalization of $639.55 million, a price-to-earnings ratio of 3.71 and a beta of 0.95. Och-Ziff Capital Management Group has a 1-year low of $0.94 and a 1-year high of $2.88.

Och-Ziff Capital Management Group’s stock is set to reverse split on the morning of Friday, January 4th. The 1-10 reverse split was announced on Thursday, December 6th. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, January 3rd.

Och-Ziff Capital Management Group (NYSE:OZM) last posted its quarterly earnings data on Friday, November 2nd. The asset manager reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05). The firm had revenue of $89.10 million during the quarter, compared to analysts’ expectations of $86.97 million. Och-Ziff Capital Management Group had a negative net margin of 2.17% and a negative return on equity of 780.34%. As a group, sell-side analysts expect that Och-Ziff Capital Management Group will post 0.16 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 20th. Shareholders of record on Tuesday, November 13th were given a $0.02 dividend. The ex-dividend date of this dividend was Friday, November 9th. This represents a $0.08 dividend on an annualized basis and a yield of 6.15%. Och-Ziff Capital Management Group’s payout ratio is currently 15.69%.

A number of large investors have recently bought and sold shares of OZM. GSA Capital Partners LLP lifted its position in shares of Och-Ziff Capital Management Group by 105.4% during the second quarter. GSA Capital Partners LLP now owns 478,241 shares of the asset manager’s stock worth $923,000 after purchasing an additional 245,414 shares during the last quarter. Miller Value Partners LLC bought a new position in shares of Och-Ziff Capital Management Group during the second quarter worth about $579,000. Finally, Algebris UK Ltd lifted its position in shares of Och-Ziff Capital Management Group by 76.0% during the second quarter. Algebris UK Ltd now owns 3,617,507 shares of the asset manager’s stock worth $6,982,000 after purchasing an additional 1,561,707 shares during the last quarter. 16.40% of the stock is owned by institutional investors.

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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