Oaktree Capital Group LLC Unit (NYSE:OAK) Major Shareholder Oaktree Capital Group Holdings Acquires 150,000 Shares

Oaktree Capital Group LLC Unit (NYSE:OAK) major shareholder Oaktree Capital Group Holdings acquired 150,000 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was purchased at an average price of $4.62 per share, for a total transaction of $693,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own at least 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, July 25th, Oaktree Capital Group Holdings acquired 1,000,000 shares of Oaktree Capital Group LLC Unit stock. The stock was purchased at an average price of $4.76 per share, for a total transaction of $4,760,000.00.
  • On Wednesday, June 12th, Oaktree Capital Group Holdings acquired 27,300 shares of Oaktree Capital Group LLC Unit stock. The stock was purchased at an average price of $4.67 per share, for a total transaction of $127,491.00.
  • On Wednesday, June 5th, Oaktree Capital Group Holdings acquired 500,000 shares of Oaktree Capital Group LLC Unit stock. The stock was purchased at an average price of $4.70 per share, for a total transaction of $2,350,000.00.
  • On Monday, June 3rd, Oaktree Capital Group Holdings acquired 76,800 shares of Oaktree Capital Group LLC Unit stock. The stock was purchased at an average price of $4.62 per share, for a total transaction of $354,816.00.
  • On Thursday, May 30th, Oaktree Capital Group Holdings bought 32,509 shares of Oaktree Capital Group LLC Unit stock. The stock was bought at an average price of $4.62 per share, with a total value of $150,191.58.

Shares of OAK stock traded up $0.17 during trading hours on Wednesday, reaching $50.66. The company had a trading volume of 1,435,166 shares, compared to its average volume of 897,094. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 2.84. Oaktree Capital Group LLC Unit has a twelve month low of $38.65 and a twelve month high of $50.87. The stock has a market capitalization of $8.09 billion, a P/E ratio of 19.26, a P/E/G ratio of 2.43 and a beta of 0.53. The company’s fifty day simple moving average is $49.90.

Oaktree Capital Group LLC Unit (NYSE:OAK) last posted its earnings results on Thursday, July 25th. The asset manager reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.07). Oaktree Capital Group LLC Unit had a net margin of 17.16% and a return on equity of 18.93%. The company had revenue of $313.48 million during the quarter, compared to analyst estimates of $311.80 million. During the same quarter last year, the business posted $0.51 EPS. Oaktree Capital Group LLC Unit’s quarterly revenue was up 47.0% compared to the same quarter last year. Research analysts forecast that Oaktree Capital Group LLC Unit will post 3.48 earnings per share for the current year.

Several hedge funds have recently bought and sold shares of the company. FMR LLC grew its stake in shares of Oaktree Capital Group LLC Unit by 24.0% in the fourth quarter. FMR LLC now owns 6,438,972 shares of the asset manager’s stock valued at $255,949,000 after buying an additional 1,245,698 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Oaktree Capital Group LLC Unit by 751.1% during the 1st quarter. JPMorgan Chase & Co. now owns 3,271,739 shares of the asset manager’s stock valued at $162,442,000 after purchasing an additional 2,887,319 shares in the last quarter. Water Island Capital LLC acquired a new stake in Oaktree Capital Group LLC Unit during the 1st quarter valued at approximately $55,303,000. Markel Corp grew its stake in Oaktree Capital Group LLC Unit by 4.4% during the 1st quarter. Markel Corp now owns 1,065,500 shares of the asset manager’s stock valued at $52,902,000 after purchasing an additional 45,000 shares in the last quarter. Finally, Thornburg Investment Management Inc. grew its stake in Oaktree Capital Group LLC Unit by 13.1% during the 1st quarter. Thornburg Investment Management Inc. now owns 1,034,438 shares of the asset manager’s stock valued at $51,360,000 after purchasing an additional 119,675 shares in the last quarter. Institutional investors and hedge funds own 32.13% of the company’s stock.

OAK has been the subject of a number of recent research reports. Zacks Investment Research lowered Oaktree Capital Group LLC Unit from a “buy” rating to a “hold” rating in a research note on Tuesday. ValuEngine lowered Oaktree Capital Group LLC Unit from a “buy” rating to a “hold” rating in a research note on Friday, April 5th. Six analysts have rated the stock with a hold rating, Oaktree Capital Group LLC Unit has an average rating of “Hold” and an average price target of $47.00.

Oaktree Capital Group LLC Unit Company Profile

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 LLC Unit (NYSE:OAK)

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