SOL Capital Management CO Has $1.94 Million Stake in Oaktree Capital Group, LLC (OAK)

SOL Capital Management CO increased its stake in shares of Oaktree Capital Group, LLC (NYSE:OAK) by 18.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 41,260 shares of the asset manager’s stock after acquiring an additional 6,300 shares during the period. SOL Capital Management CO owned 0.06% of Oaktree Capital Group worth $1,941,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Moon Capital Management LLC increased its holdings in shares of Oaktree Capital Group by 6.0% during the 2nd quarter. Moon Capital Management LLC now owns 23,525 shares of the asset manager’s stock valued at $1,096,000 after acquiring an additional 1,330 shares during the last quarter. Bradley Foster & Sargent Inc. CT increased its holdings in shares of Oaktree Capital Group by 26.0% during the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 44,475 shares of the asset manager’s stock valued at $2,073,000 after acquiring an additional 9,175 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Oaktree Capital Group by 958.3% during 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 acquiring an additional 1,050,259 shares during the last quarter. Alliancebernstein L.P. increased its holdings in shares of Oaktree Capital Group by 37.4% during the 2nd quarter. Alliancebernstein L.P. now owns 251,256 shares of the asset manager’s stock valued at $11,709,000 after acquiring an additional 68,431 shares during the last quarter. Finally, Penserra Capital Management LLC increased its holdings in shares of Oaktree Capital Group by 10.0% during the 2nd quarter. Penserra Capital Management LLC now owns 2,471 shares of the asset manager’s stock valued at $115,000 after acquiring an additional 224 shares during the last quarter. 21.89% of the stock is currently owned by institutional investors and hedge funds.

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A number of analysts have issued reports on OAK shares. BidaskClub lowered Oaktree Capital Group from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Morgan Stanley reaffirmed an “overweight” rating and issued a $54.00 target price (down previously from $56.00) on shares of Oaktree Capital Group in a report on Monday, July 10th. Goldman Sachs Group, Inc. (The) lowered Oaktree Capital Group from a “buy” rating to a “neutral” rating and lowered their target price for the company from $50.00 to $49.00 in a report on Friday, July 28th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $49.00 target price on shares of Oaktree Capital Group in a report on Sunday, July 30th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Oaktree Capital Group has a consensus rating of “Hold” and an average price target of $49.50.

In related news, Vice Chairman John Frank sold 16,666 shares of the stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $46.72, for a total transaction of $778,635.52. Following the sale, the insider now owns 41,667 shares of the company’s stock, valued at $1,946,682.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Oaktree Capital Group Holdings sold 10,000,000 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $5.66, for a total value of $56,600,000.00. The disclosure for this sale can be found here.

Shares of Oaktree Capital Group, LLC (NYSE OAK) traded down 0.119% during mid-day trading on Tuesday, hitting $45.995. The stock had a trading volume of 80,907 shares. The stock has a market capitalization of $2.95 billion, a P/E ratio of 10.036 and a beta of 0.59. Oaktree Capital Group, LLC has a 52 week low of $36.95 and a 52 week high of $48.50. The stock has a 50 day moving average of $46.70 and a 200-day moving average of $46.61.

Oaktree Capital Group (NYSE:OAK) last posted its earnings results on Thursday, October 26th. The asset manager reported $0.67 EPS for the quarter, beating the consensus estimate of $0.56 by $0.11. Oaktree Capital Group had a return on equity of 18.97% and a net margin of 19.04%. The company had revenue of $304.80 million for the quarter, compared to the consensus estimate of $281.61 million. During the same quarter in the prior year, the business earned $0.92 earnings per share. The firm’s revenue for the quarter was down 16.5% on a year-over-year basis. On average, equities research analysts predict that Oaktree Capital Group, LLC will post $3.87 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 10th. Stockholders of record on Monday, November 6th will be given a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 4.86%. The ex-dividend date is Friday, November 3rd. Oaktree Capital Group’s payout ratio is 120.46%.

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.

Institutional Ownership by Quarter for Oaktree Capital Group (NYSE:OAK)

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