Oaktree Capital Group LLC Unit (NYSE:OAK) Given Average Recommendation of “Hold” by Analysts

Shares of Oaktree Capital Group LLC Unit (NYSE:OAK) have earned an average rating of “Hold” from the seven analysts that are currently covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a hold rating. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $46.00.

Separately, Zacks Investment Research cut Oaktree Capital Group LLC Unit from a “buy” rating to a “hold” rating in a research report on Tuesday, July 30th.

In related news, Director Ocm Growth Holdings Llc purchased 1,086,494 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were bought at an average price of $15.00 per share, for a total transaction of $16,297,410.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Oaktree Capital Group Holdings purchased 150,000 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The stock was bought at an average price of $4.62 per share, for a total transaction of $693,000.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 2,717,393 shares of company stock worth $24,015,233 in the last quarter.

Several hedge funds and other institutional investors have recently modified their holdings of OAK. Cumberland Partners Ltd bought a new position in shares of Oaktree Capital Group LLC Unit in the second quarter worth $30,000. NEXT Financial Group Inc bought a new position in shares of Oaktree Capital Group LLC Unit in the second quarter worth $49,000. Westside Investment Management Inc. bought a new position in shares of Oaktree Capital Group LLC Unit in the second quarter worth $59,000. Vivaldi Capital Management LLC increased its position in shares of Oaktree Capital Group LLC Unit by 22.0% in the second quarter. Vivaldi Capital Management LLC now owns 5,049 shares of the asset manager’s stock worth $250,000 after purchasing an additional 910 shares during the period. Finally, Bluefin Trading LLC bought a new position in shares of Oaktree Capital Group LLC Unit in the second quarter worth $272,000. Institutional investors own 37.03% of the company’s stock.

OAK stock remained flat at $$51.52 during trading hours on Friday. The company has a quick ratio of 2.52, a current ratio of 2.52 and a debt-to-equity ratio of 3.02. The firm has a market capitalization of $8.22 billion, a PE ratio of 19.59, a price-to-earnings-growth ratio of 2.45 and a beta of 0.52. The company’s fifty day moving average is $52.28 and its 200-day moving average is $50.58. Oaktree Capital Group LLC Unit has a 1-year low of $38.70 and a 1-year high of $53.89.

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 the consensus estimate 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 quarter in the previous year, the business earned $0.51 EPS. On average, equities analysts anticipate that Oaktree Capital Group LLC Unit will post 3.52 earnings per share for the current year.

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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