Och-Ziff Capital Management Group Inc (NYSE:OZM) Stake Decreased by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its holdings in Och-Ziff Capital Management Group Inc (NYSE:OZM) by 67.5% during the first quarter, Holdings Channel reports. The institutional investor owned 470,605 shares of the asset manager’s stock after selling 976,437 shares during the quarter. JPMorgan Chase & Co.’s holdings in Och-Ziff Capital Management Group were worth $7,722,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Creative Planning raised its holdings in shares of Och-Ziff Capital Management Group by 4.5% during the 4th quarter. Creative Planning now owns 41,256 shares of the asset manager’s stock valued at $38,000 after buying an additional 1,792 shares in the last quarter. CWM Advisors LLC boosted its position in shares of Och-Ziff Capital Management Group by 2.7% during the fourth quarter. CWM Advisors LLC now owns 70,392 shares of the asset manager’s stock valued at $65,000 after purchasing an additional 1,870 shares in the last quarter. Searle & CO. raised its stake in Och-Ziff Capital Management Group by 13.8% during the fourth quarter. Searle & CO. now owns 205,700 shares of the asset manager’s stock valued at $189,000 after buying an additional 25,000 shares during the last quarter. Caz Investments LP raised its stake in Och-Ziff Capital Management Group by 100.0% during the fourth quarter. Caz Investments LP now owns 250,000 shares of the asset manager’s stock valued at $230,000 after buying an additional 125,000 shares during the last quarter. Finally, Quinn Opportunity Partners LLC raised its stake in Och-Ziff Capital Management Group by 4.3% during the fourth quarter. Quinn Opportunity Partners LLC now owns 1,976,338 shares of the asset manager’s stock valued at $1,818,000 after buying an additional 80,900 shares during the last quarter. Institutional investors own 15.75% of the company’s stock.

In other news, CFO Thomas Michael Sipp sold 19,531 shares of the business’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $17.95, for a total value of $350,581.45. Following the completion of the transaction, the chief financial officer now owns 62,896 shares in the company, valued at $1,128,983.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Erez Elisha sold 1,758 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $15.80, for a total value of $27,776.40. The disclosure for this sale can be found here. Insiders sold 60,484 shares of company stock valued at $1,020,877 in the last 90 days. Company insiders own 60.59% of the company’s stock.

Shares of NYSE:OZM opened at $20.02 on Wednesday. The firm has a market cap of $980.06 million, a price-to-earnings ratio of 17.11 and a beta of 0.88. Och-Ziff Capital Management Group Inc has a 12-month low of $8.60 and a 12-month high of $23.00. The company has a debt-to-equity ratio of 5.03, a current ratio of 1.93 and a quick ratio of 1.93.

Och-Ziff Capital Management Group (NYSE:OZM) last announced its quarterly earnings data on Thursday, May 9th. The asset manager reported $0.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.38. Och-Ziff Capital Management Group had a positive return on equity of 288.89% and a negative net margin of 6.98%. The business had revenue of $116.98 million during the quarter, compared to analysts’ expectations of $81.23 million. As a group, research analysts anticipate that Och-Ziff Capital Management Group Inc will post 1.88 EPS for the current year.

The firm also recently declared a special dividend, which was paid on Tuesday, May 28th. Stockholders of record on Monday, May 20th were paid a $0.37 dividend. This represents a dividend yield of 5.25%. The ex-dividend date was Friday, May 17th. Och-Ziff Capital Management Group’s dividend payout ratio is currently 126.50%.

A number of brokerages have issued reports on OZM. Zacks Investment Research upgraded Och-Ziff Capital Management Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 14th. ValuEngine upgraded Och-Ziff Capital Management Group from a “hold” rating to a “buy” rating in a research note on Wednesday, May 8th.

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About Och-Ziff Capital Management Group

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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Institutional Ownership by Quarter for Och-Ziff Capital Management Group (NYSE:OZM)

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