Somewhat Positive Media Coverage Somewhat Unlikely to Affect Oaktree Capital Group (OAK) Stock Price

News stories about Oaktree Capital Group (NYSE:OAK) have trended somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Oaktree Capital Group earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave news articles about the asset manager an impact score of 46.0378554577325 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the news articles that may have effected Accern Sentiment Analysis’s rankings:

Shares of Oaktree Capital Group (NYSE:OAK) traded up $0.75 during midday trading on Friday, hitting $43.60. 351,035 shares of the company traded hands, compared to its average volume of 190,105. Oaktree Capital Group has a one year low of $36.95 and a one year high of $48.50. The company has a debt-to-equity ratio of 2.37, a current ratio of 1.80 and a quick ratio of 1.80. The stock has a market capitalization of $6,810.97, a PE ratio of 10.46, a P/E/G ratio of 0.90 and a beta of 0.58.

Oaktree Capital Group (NYSE:OAK) last announced its quarterly earnings results on Thursday, October 26th. The asset manager reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.11. Oaktree Capital Group had a net margin of 19.04% and a return on equity of 18.88%. The company had revenue of $304.80 million for the quarter, compared to analysts’ expectations of $281.61 million. During the same quarter in the previous year, the company earned $0.92 earnings per share. Oaktree Capital Group’s quarterly revenue was down 16.5% on a year-over-year basis. equities analysts anticipate that Oaktree Capital Group will post 3.85 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, November 10th. Investors of record on Monday, November 6th were given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 5.14%. The ex-dividend date of this dividend was Friday, November 3rd. Oaktree Capital Group’s dividend payout ratio is currently 51.49%.

Several equities analysts recently issued reports on the stock. BidaskClub upgraded shares of Oaktree Capital Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 5th. Morgan Stanley boosted their price target on shares of Oaktree Capital Group from $54.00 to $55.00 and gave the company an “outperform” rating in a research report on Tuesday, August 8th. Zacks Investment Research cut shares of Oaktree Capital Group from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. Finally, TheStreet cut shares of Oaktree Capital Group from a “b-” rating to a “c+” rating in a research report on Friday, November 17th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. Oaktree Capital Group currently has a consensus rating of “Hold” and an average target price of $49.50.

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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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