Oaktree Capital Group (OAK) Given Coverage Optimism Score of 0.14

Media headlines about Oaktree Capital Group (NYSE:OAK) have been trending somewhat positive recently, AlphaOne Sentiment Analysis reports. AlphaOne, a service of Accern, identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. AlphaOne ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Oaktree Capital Group earned a media sentiment score of 0.14 on AlphaOne’s scale. AlphaOne also gave media coverage about the company an impact score of 16 out of 100, meaning that recent press coverage is very unlikely to have an impact on the stock’s share price in the near term.

Oaktree Capital Group (NYSE:OAK) traded down 1.50% during midday trading on Wednesday, reaching $46.05. 208,441 shares of the company traded hands. The firm has a market capitalization of $2.90 billion, a price-to-earnings ratio of 14.80 and a beta of 0.53. Oaktree Capital Group has a 12 month low of $36.95 and a 12 month high of $49.65. The firm’s 50 day moving average price is $45.12 and its 200 day moving average price is $42.05.

Oaktree Capital Group (NYSE:OAK) last posted its earnings results on Tuesday, February 7th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.34. Oaktree Capital Group had a net margin of 17.30% and a return on equity of 15.40%. The business had revenue of $298.30 million for the quarter, compared to analyst estimates of $295.46 million. During the same period last year, the business posted $0.26 EPS. Oaktree Capital Group’s revenue was up 507.5% compared to the same quarter last year. On average, analysts expect that Oaktree Capital Group will post $3.05 earnings per share for the current year.

Several equities research analysts recently weighed in on OAK shares. Morgan Stanley reiterated an “overweight” rating on shares of Oaktree Capital Group in a research note on Saturday, December 17th. Zacks Investment Research lowered shares of Oaktree Capital Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 8th. Bank of America Corp lowered shares of Oaktree Capital Group from a “buy” rating to a “neutral” rating in a research note on Friday, December 16th. TheStreet upgraded shares of Oaktree Capital Group from a “c+” rating to a “b-” rating in a research note on Monday, April 3rd. Finally, Deutsche Bank AG lowered shares of Oaktree Capital Group from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $44.00 to $40.00 in a research note on Tuesday, December 20th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. Oaktree Capital Group has a consensus rating of “Hold” and an average price target of $45.00.

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In other Oaktree Capital Group news, Vice Chairman John Frank sold 16,852 shares of the firm’s stock in a transaction on Monday, February 27th. The shares were sold at an average price of $45.11, for a total value of $760,193.72. Following the sale, the insider now directly owns 58,333 shares in the company, valued at approximately $2,631,401.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Larry W. Keele sold 8,334 shares of the firm’s stock in a transaction on Monday, February 27th. The stock was sold at an average price of $45.34, for a total transaction of $377,863.56. Following the completion of the sale, the director now owns 58,655 shares in the company, valued at $2,659,417.70. The disclosure for this sale can be found here. Insiders sold a total of 46,197 shares of company stock worth $2,090,696 over the last quarter.

Oaktree Capital Group Company Profile

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.