Organics L.P. Oaktree Acquires 3,055,460 Shares of Oaktree Capital Group LLC (OAK) Stock

Oaktree Capital Group LLC (NYSE:OAK) major shareholder Organics L.P. Oaktree acquired 3,055,460 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were bought at an average price of $7.50 per share, with a total value of $22,915,950.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Oaktree Capital Group LLC (NYSE OAK) opened at $41.25 on Wednesday. The company has a market capitalization of $6,480.00, a price-to-earnings ratio of 10.00, a P/E/G ratio of 0.86 and a beta of 0.57. The company has a debt-to-equity ratio of 2.37, a quick ratio of 1.80 and a current ratio of 1.80. Oaktree Capital Group LLC has a 52 week low of $36.95 and a 52 week high of $48.50.

Oaktree Capital Group (NYSE:OAK) last issued its quarterly earnings data on Thursday, October 26th. The asset manager reported $0.67 EPS for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.11. The firm had revenue of $304.80 million during the quarter, compared to the consensus estimate of $281.61 million. Oaktree Capital Group had a return on equity of 18.88% and a net margin of 19.04%. The firm’s revenue was down 16.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.92 EPS. analysts anticipate that Oaktree Capital Group LLC will post 3.86 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. bought a new position in shares of Oaktree Capital Group in the second quarter worth $110,000. Stelac Advisory Services LLC bought a new position in shares of Oaktree Capital Group in the third quarter worth $113,000. Penserra Capital Management LLC grew its stake in shares of Oaktree Capital Group by 10.0% in the second quarter. Penserra Capital Management LLC now owns 2,471 shares of the asset manager’s stock worth $115,000 after purchasing an additional 224 shares in the last quarter. US Bancorp DE grew its stake 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 worth $141,000 after purchasing an additional 1,125 shares in the last quarter. Finally, IFP Advisors Inc grew its stake in shares of Oaktree Capital Group by 698.4% in the third quarter. IFP Advisors Inc now owns 3,545 shares of the asset manager’s stock worth $167,000 after purchasing an additional 3,101 shares in the last quarter. 22.59% of the stock is owned by institutional investors.

A number of research analysts recently commented on the company. Zacks Investment Research downgraded Oaktree Capital Group from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. TheStreet downgraded Oaktree Capital Group from a “b-” rating to a “c+” rating in a research note on Friday, November 17th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus 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.

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

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