Oaktree Capital Group LLC (NYSE:OAK) has received an average rating of “Hold” from the nine ratings firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $49.80.
Several research firms have weighed in on OAK. ValuEngine downgraded shares of Oaktree Capital Group from a “buy” rating to a “hold” rating in a report on Thursday, February 15th. JPMorgan Chase & Co. dropped their target price on shares of Oaktree Capital Group from $53.00 to $51.00 and set a “neutral” rating for the company in a report on Tuesday, February 13th. Zacks Investment Research downgraded shares of Oaktree Capital Group from a “hold” rating to a “sell” rating in a report on Tuesday, February 13th. Finally, TheStreet cut shares of Oaktree Capital Group from a “b-” rating to a “c+” rating in a research note on Friday, November 17th.
In other Oaktree Capital Group news, Director Ocm Growth Holdings Llc purchased 1,413,922 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The shares were purchased at an average price of $15.00 per share, for a total transaction of $21,208,830.00. 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 Management Lp purchased 34,400 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was acquired at an average price of $5.87 per share, for a total transaction of $201,928.00. The disclosure for this purchase can be found here. Insiders purchased 4,716,636 shares of company stock worth $45,553,614 over the last three months.
Shares of Oaktree Capital Group (NYSE:OAK) traded up $0.45 on Wednesday, hitting $42.00. 597,616 shares of the stock were exchanged, compared to its average volume of 361,233. The company has a debt-to-equity ratio of 2.37, a current ratio of 1.80 and a quick ratio of 1.80. Oaktree Capital Group has a 1-year low of $40.90 and a 1-year high of $48.50. The stock has a market cap of $6,450.00, a P/E ratio of 10.11, a PEG ratio of 0.95 and a beta of 0.62.
Oaktree Capital Group (NYSE:OAK) last posted its earnings results on Tuesday, February 6th. The asset manager reported $0.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.17. Oaktree Capital Group had a net margin of 15.75% and a return on equity of 18.06%. The firm had revenue of $327.40 million during the quarter, compared to the consensus estimate of $286.45 million. During the same period last year, the firm posted $0.91 EPS. The firm’s revenue for the quarter was down 6.8% on a year-over-year basis. equities analysts forecast that Oaktree Capital Group will post 3.43 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Friday, February 16th will be given a $0.76 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This is a boost from Oaktree Capital Group’s previous quarterly dividend of $0.56. This represents a $3.04 annualized dividend and a dividend yield of 7.24%. Oaktree Capital Group’s dividend payout ratio (DPR) is currently 73.61%.
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.
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