Oaktree Capital Group (OAK) Lowered to Hold at ValuEngine

ValuEngine downgraded shares of Oaktree Capital Group (NYSE:OAK) from a buy rating to a hold rating in a research note issued to investors on Sunday morning.

Other equities analysts have also issued reports about the stock. TheStreet lowered shares of Oaktree Capital Group from a b- rating to a c+ rating in a research report on Friday, November 17th. Zacks Investment Research lowered shares of Oaktree Capital Group from a hold rating to a sell rating in a research report on Thursday, November 9th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. Oaktree Capital Group presently has a consensus rating of Hold and an average price target of $49.50.

Oaktree Capital Group (NYSE:OAK) traded up $1.65 on Friday, hitting $44.85. 424,400 shares of the stock traded hands, compared to its average volume of 341,750. The stock has a market capitalization of $6,920.00, a P/E ratio of 10.31, a price-to-earnings-growth ratio of 0.93 and a beta of 0.58. The company has a debt-to-equity ratio of 2.37, a current ratio of 1.80 and a quick ratio of 1.80. Oaktree Capital Group has a 52-week low of $38.60 and a 52-week high of $48.50.

Oaktree Capital Group (NYSE:OAK) last released its quarterly earnings data on Thursday, October 26th. The asset manager reported $0.67 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $281.61 million. During the same period last year, the business earned $0.92 earnings per share. Oaktree Capital Group’s revenue was down 16.5% compared to the same quarter last year. research analysts expect that Oaktree Capital Group will post 3.84 earnings per share for the current year.

In other news, major shareholder Organics L.P. Oaktree bought 3,055,460 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The shares were bought at an average cost 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 can be accessed through the SEC website. Also, major shareholder Oaktree Capital Management Lp bought 28,800 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The stock was purchased at an average cost of $8.63 per share, for a total transaction of $248,544.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 4,498,182 shares of company stock valued at $44,373,324.

A number of institutional investors have recently modified their holdings of OAK. Bronfman E.L. Rothschild L.P. purchased a new position in Oaktree Capital Group during the 2nd quarter valued at $110,000. Stelac Advisory Services LLC purchased a new position in Oaktree Capital Group during the 3rd quarter valued at $113,000. IFP Advisors Inc increased its position in Oaktree Capital Group by 698.4% during the 3rd quarter. IFP Advisors Inc now owns 3,545 shares of the asset manager’s stock valued at $167,000 after purchasing an additional 3,101 shares during the period. MML Investors Services LLC purchased a new position in Oaktree Capital Group during the 2nd quarter valued at $207,000. Finally, M&T Bank Corp purchased a new position in Oaktree Capital Group during the 2nd quarter valued at $209,000. 22.59% of the stock is currently owned by institutional investors and hedge funds.

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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.

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