Carroll Financial Associates Inc. lifted its holdings in shares of Oaktree Capital Group LLC (NYSE:OAK) by 200.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,000 shares of the asset manager’s stock after acquiring an additional 2,000 shares during the quarter. Carroll Financial Associates Inc.’s holdings in Oaktree Capital Group were worth $126,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Capital World Investors increased its holdings in Oaktree Capital Group by 426.5% in the second quarter. Capital World Investors now owns 1,466,824 shares of the asset manager’s stock valued at $68,354,000 after buying an additional 1,188,224 shares during the last quarter. Burgundy Asset Management Ltd. increased its holdings in Oaktree Capital Group by 75.9% in the third quarter. Burgundy Asset Management Ltd. now owns 416,310 shares of the asset manager’s stock valued at $19,587,000 after buying an additional 179,627 shares during the last quarter. Shelter Mutual Insurance Co bought a new stake in Oaktree Capital Group in the third quarter valued at about $5,509,000. Steinberg Global Asset Management bought a new stake in Oaktree Capital Group in the third quarter valued at about $4,186,000. Finally, Shelter Ins Retirement Plan bought a new stake in Oaktree Capital Group in the third quarter valued at about $3,477,000. 22.59% of the stock is currently owned by institutional investors and hedge funds.
Oaktree Capital Group LLC (NYSE:OAK) opened at $45.65 on Friday. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 2.37. Oaktree Capital Group LLC has a 52 week low of $40.65 and a 52 week high of $48.50. The company has a market capitalization of $7,130.00, a P/E ratio of 10.49, a price-to-earnings-growth ratio of 1.05 and a beta of 0.58.
Several brokerages recently weighed in on OAK. ValuEngine lowered Oaktree Capital Group from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Zacks Investment Research lowered Oaktree Capital Group from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. Finally, TheStreet lowered Oaktree Capital Group from a “b-” rating to a “c+” rating in a report on Friday, November 17th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. Oaktree Capital Group currently has an average rating of “Hold” and an average price target of $49.50.
In other Oaktree Capital Group news, Director Ocm Growth Holdings Llc acquired 1,413,922 shares of Oaktree Capital Group stock in a transaction dated Friday, December 8th. The stock was acquired at an average cost of $15.00 per share, for a total transaction of $21,208,830.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Organics L.P. Oaktree acquired 3,055,460 shares of Oaktree Capital Group stock in a transaction dated Friday, December 15th. The shares were acquired at an average price of $7.50 per share, with a total value of $22,915,950.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 4,498,182 shares of company stock valued at $44,373,324.
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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