Oaktree Capital Group (NYSE:OAK) Lowered to Hold at ValuEngine

Oaktree Capital Group (NYSE:OAK) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Sunday, December 31st.

A number of other research firms also recently commented on OAK. TheStreet downgraded Oaktree Capital Group from a “b-” rating to a “c+” rating in a report on Friday, November 17th. Zacks Investment Research downgraded Oaktree Capital Group from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. Oaktree Capital Group has a consensus rating of “Hold” and a consensus price target of $49.50.

Oaktree Capital Group (NYSE OAK) traded down $0.35 during mid-day trading on Friday, hitting $45.05. The stock had a trading volume of 164,715 shares, compared to its average volume of 260,052. The firm has a market cap of $7,040.00, a P/E ratio of 10.36, a price-to-earnings-growth ratio of 1.05 and a beta of 0.58. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 2.37. Oaktree Capital Group has a 1-year low of $40.65 and a 1-year high of $48.50.

Oaktree Capital Group (NYSE:OAK) last released its quarterly earnings data on Thursday, October 26th. The asset manager reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.11. The business had revenue of $304.80 million during the quarter, compared to the consensus estimate of $281.61 million. Oaktree Capital Group had a return on equity of 18.88% and a net margin of 19.04%. The business’s revenue for the quarter was down 16.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.92 EPS. equities analysts forecast that Oaktree Capital Group will post 3.83 earnings per share for the current year.

In related news, major shareholder Oaktree Capital Management Lp purchased 28,800 shares of the stock in a transaction that occurred on Wednesday, December 13th. The stock was purchased at an average cost of $8.63 per share, for a total transaction of $248,544.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Ocm Growth Holdings Llc acquired 1,413,922 shares of the firm’s stock in a transaction on Friday, December 8th. The stock was purchased at an average cost of $15.00 per share, with a total value of $21,208,830.00. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 4,498,182 shares of company stock valued at $44,373,324.

A number of large investors have recently bought and sold shares of OAK. Capital World Investors boosted its position in Oaktree Capital Group by 426.5% in the 2nd quarter. Capital World Investors now owns 1,466,824 shares of the asset manager’s stock valued at $68,354,000 after buying an additional 1,188,224 shares during the last quarter. Principal Financial Group Inc. boosted its position in Oaktree Capital Group by 958.3% in the 2nd quarter. Principal Financial Group Inc. now owns 1,159,853 shares of the asset manager’s stock valued at $54,048,000 after buying an additional 1,050,259 shares during the last quarter. Burgundy Asset Management Ltd. boosted its position in Oaktree Capital Group by 75.9% in the 3rd quarter. Burgundy Asset Management Ltd. now owns 416,310 shares of the asset manager’s stock valued at $19,587,000 after buying an additional 179,627 shares during the last quarter. Westpac Banking Corp purchased a new position in Oaktree Capital Group in the 2nd quarter valued at about $5,760,000. Finally, Shelter Mutual Insurance Co purchased a new position in Oaktree Capital Group in the 3rd quarter valued at about $5,509,000. 22.60% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION WARNING: This news story was posted by Week Herald and is the sole property of of Week Herald. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The correct version of this news story can be read at https://weekherald.com/2018/01/23/oaktree-capital-group-oak-rating-lowered-to-hold-at-valuengine.html.

About Oaktree Capital Group

Oaktree Capital Group, LLC (Oaktree) is an investment manager specializing in alternative investments. The Company operates through investment management segment, which consists of the investment management services that the Company provides to its clients. The Company manages investments in a range of strategies within approximately six asset classes, which include corporate debt, convertible securities, distressed debt, control investing, real estate and listed equities.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Oaktree Capital Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oaktree Capital Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply