Insider Selling: Oaktree Capital Group, LLC (OAK) Director Sells 10,000,000 Shares of Stock

Oaktree Capital Group, LLC (NYSE:OAK) Director Oaktree Capital Group Holdings sold 10,000,000 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $5.66, for a total transaction of $56,600,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Oaktree Capital Group, LLC (NYSE:OAK) traded down 0.96% during midday trading on Thursday, hitting $46.55. 77,484 shares of the stock traded hands. The company has a market cap of $2.99 billion, a PE ratio of 10.16 and a beta of 0.60. The company’s 50-day moving average is $47.37 and its 200-day moving average is $45.85. Oaktree Capital Group, LLC has a one year low of $36.95 and a one year high of $48.50.

Oaktree Capital Group (NYSE:OAK) last announced its quarterly earnings data on Thursday, July 27th. The asset manager reported $1.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.47 by $0.26. The company had revenue of $704.36 million for the quarter, compared to analysts’ expectations of $592.84 million. Oaktree Capital Group had a net margin of 19.17% and a return on equity of 20.11%. During the same quarter in the previous year, the company posted $0.79 EPS. Equities research analysts expect that Oaktree Capital Group, LLC will post $3.89 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 11th. Stockholders of record on Monday, August 7th will be paid a $1.31 dividend. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $5.24 annualized dividend and a dividend yield of 11.15%. This is a boost from Oaktree Capital Group’s previous quarterly dividend of $0.71. Oaktree Capital Group’s payout ratio is currently 114.66%.

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OAK has been the subject of several recent research reports. Deutsche Bank AG raised their price target on shares of Oaktree Capital Group from $44.00 to $45.00 and gave the company a “hold” rating in a research report on Friday, April 28th. Jefferies Group LLC initiated coverage on shares of Oaktree Capital Group in a research report on Wednesday, June 28th. They set a “hold” rating and a $49.00 price objective for the company. BidaskClub cut shares of Oaktree Capital Group from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. Morgan Stanley reaffirmed an “overweight” rating and set a $54.00 price objective (down from $56.00) on shares of Oaktree Capital Group in a research report on Monday, July 10th. Finally, Goldman Sachs Group, Inc. (The) cut shares of Oaktree Capital Group from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $50.00 to $49.00 in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $47.50.

Several institutional investors have recently made changes to their positions in the company. Penserra Capital Management LLC boosted its position in shares of Oaktree Capital Group by 122.0% in the first quarter. Penserra Capital Management LLC now owns 2,247 shares of the asset manager’s stock valued at $101,000 after buying an additional 1,235 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Oaktree Capital Group during the first quarter valued at about $103,000. Bronfman E.L. Rothschild L.P. acquired a new position in shares of Oaktree Capital Group during the second quarter valued at about $110,000. US Bancorp DE boosted its position in shares of Oaktree Capital Group by 59.2% in the second quarter. US Bancorp DE now owns 3,025 shares of the asset manager’s stock valued at $141,000 after buying an additional 1,125 shares in the last quarter. Finally, Kayne Anderson Capital Advisors LP acquired a new position in shares of Oaktree Capital Group during the second quarter valued at about $209,000. 23.23% of the stock is currently owned by institutional investors.

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.

Insider Buying and Selling by Quarter for Oaktree Capital Group (NYSE:OAK)

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