Oaktree Capital Group LLC (NYSE:OAK) insider Todd E. Molz sold 16,316 shares of Oaktree Capital Group stock in a transaction that occurred on Tuesday, June 5th. The stock was sold at an average price of $41.30, for a total transaction of $673,850.80. Following the transaction, the insider now directly owns 95,318 shares in the company, valued at approximately $3,936,633.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Oaktree Capital Group traded up $0.05, hitting $41.50, during midday trading on Thursday, MarketBeat.com reports. 139,200 shares of the stock traded hands, compared to its average volume of 332,306. The company has a market cap of $6.66 billion, a price-to-earnings ratio of 10.45, a price-to-earnings-growth ratio of 0.92 and a beta of 0.69. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 2.40. Oaktree Capital Group LLC has a one year low of $38.80 and a one year high of $48.50.
Oaktree Capital Group (NYSE:OAK) last issued its quarterly earnings data on Thursday, April 26th. The asset manager reported $0.93 EPS for the quarter, beating the consensus estimate of $0.70 by $0.23. Oaktree Capital Group had a net margin of 15.11% and a return on equity of 12.90%. The firm had revenue of $451.20 million during the quarter, compared to the consensus estimate of $331.82 million. During the same period in the prior year, the firm posted $0.86 earnings per share. The company’s quarterly revenue was up 15.3% compared to the same quarter last year. research analysts forecast that Oaktree Capital Group LLC will post 3.08 EPS for the current fiscal year.
A number of research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Oaktree Capital Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 16th. ValuEngine lowered shares of Oaktree Capital Group from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Keefe, Bruyette & Woods lowered shares of Oaktree Capital Group from an “outperform” rating to a “market perform” rating in a research report on Friday, April 27th. Morgan Stanley reduced their price target on shares of Oaktree Capital Group from $57.00 to $56.00 and set an “overweight” rating for the company in a research report on Tuesday, April 10th. Finally, Deutsche Bank cut their target price on shares of Oaktree Capital Group from $44.00 to $42.00 and set a “hold” rating for the company in a research report on Friday, April 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $49.40.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Oak Grove Capital LLC purchased a new position in shares of Oaktree Capital Group during the fourth quarter valued at about $3,513,000. Mackenzie Financial Corp grew its holdings in Oaktree Capital Group by 45.1% in the fourth quarter. Mackenzie Financial Corp now owns 1,189,792 shares of the asset manager’s stock worth $50,090,000 after purchasing an additional 369,700 shares during the period. Sterneck Capital Management LLC purchased a new stake in Oaktree Capital Group in the fourth quarter worth about $211,000. Two Sigma Securities LLC purchased a new stake in Oaktree Capital Group in the fourth quarter worth about $556,000. Finally, Artisan Partners Limited Partnership purchased a new stake in Oaktree Capital Group in the first quarter worth about $44,987,000. Institutional investors own 26.12% of the company’s stock.
Oaktree Capital Group 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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