Teton Advisors Inc. Sells 1,061 Shares of Oaktree Capital Group LLC Unit (NYSE:OAK)

Teton Advisors Inc. lessened its stake in Oaktree Capital Group LLC Unit (NYSE:OAK) by 4.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,000 shares of the asset manager’s stock after selling 1,061 shares during the quarter. Teton Advisors Inc.’s holdings in Oaktree Capital Group LLC Unit were worth $1,189,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its holdings in Oaktree Capital Group LLC Unit by 751.1% in the first 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 during the last quarter. Water Island Capital LLC bought a new stake in shares of Oaktree Capital Group LLC Unit in the first quarter worth about $55,303,000. Markel Corp increased its holdings in shares of Oaktree Capital Group LLC Unit by 4.4% in the first quarter. Markel Corp now owns 1,065,500 shares of the asset manager’s stock worth $52,902,000 after acquiring an additional 45,000 shares in the last quarter. Thornburg Investment Management Inc. increased its holdings in shares of Oaktree Capital Group LLC Unit by 13.1% in the first quarter. Thornburg Investment Management Inc. now owns 1,034,438 shares of the asset manager’s stock worth $51,360,000 after acquiring an additional 119,675 shares in the last quarter. Finally, Tibra Equities Europe Ltd bought a new stake in shares of Oaktree Capital Group LLC Unit in the second quarter worth about $28,183,000. Institutional investors and hedge funds own 35.88% of the company’s stock.

Shares of Oaktree Capital Group LLC Unit stock traded up $0.27 during trading hours on Monday, hitting $51.97. The company’s stock had a trading volume of 16,371 shares, compared to its average volume of 752,319. Oaktree Capital Group LLC Unit has a 12 month low of $38.65 and a 12 month high of $51.80. The stock has a 50 day moving average of $50.47 and a 200 day moving average of $48.29. The company has a market capitalization of $8.17 billion, a PE ratio of 19.71, a price-to-earnings-growth ratio of 2.45 and a beta of 0.53. The company has a debt-to-equity ratio of 3.02, a current ratio of 2.52 and a quick ratio of 2.20.

Oaktree Capital Group LLC Unit (NYSE:OAK) last posted its quarterly earnings data on Thursday, July 25th. The asset manager reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.07). The firm had revenue of $313.48 million for the quarter, compared to analyst estimates of $311.80 million. Oaktree Capital Group LLC Unit had a return on equity of 19.02% and a net margin of 17.16%. The firm’s quarterly revenue was up 47.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.51 earnings per share. Equities analysts expect that Oaktree Capital Group LLC Unit will post 3.49 EPS for the current year.

Separately, Zacks Investment Research downgraded Oaktree Capital Group LLC Unit from a “buy” rating to a “hold” rating in a report on Tuesday, July 30th. Six investment analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and a consensus target price of $47.00.

In other news, Director Steven J. Gilbert acquired 10,000 shares of Oaktree Capital Group LLC Unit stock in a transaction dated Monday, August 5th. The stock was bought at an average cost of $26.66 per share, with a total value of $266,600.00. Following the completion of the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at $266,600. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Oaktree Capital Group Holdings acquired 76,800 shares of Oaktree Capital Group LLC Unit stock in a transaction dated Monday, June 3rd. The shares were purchased at an average cost of $4.62 per share, with a total value of $354,816.00. The disclosure for this purchase can be found here. Insiders have bought 2,267,508 shares of company stock valued at $10,700,322 over the last ninety days.

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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Institutional Ownership by Quarter for Oaktree Capital Group LLC Unit (NYSE:OAK)

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