CIBC World Markets Inc. lifted its stake in Oaktree Capital Group LLC (NYSE:OAK) by 70.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,355 shares of the asset manager’s stock after purchasing an additional 5,094 shares during the period. CIBC World Markets Inc.’s holdings in Oaktree Capital Group were worth $520,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. The Manufacturers Life Insurance Company grew its holdings in shares of Oaktree Capital Group by 6.9% in the second quarter. The Manufacturers Life Insurance Company now owns 4,618 shares of the asset manager’s stock worth $215,000 after purchasing an additional 299 shares during the last quarter. HighTower Advisors LLC grew its holdings in Oaktree Capital Group by 2.6% during the 2nd quarter. HighTower Advisors LLC now owns 20,088 shares of the asset manager’s stock worth $938,000 after acquiring an additional 517 shares in the last quarter. Adalta Capital Management LLC grew its holdings in Oaktree Capital Group by 24.0% during the 3rd quarter. Adalta Capital Management LLC now owns 6,075 shares of the asset manager’s stock worth $286,000 after acquiring an additional 1,175 shares in the last quarter. Intrepid Capital Management Inc. grew its holdings in Oaktree Capital Group by 0.5% during the 3rd quarter. Intrepid Capital Management Inc. now owns 283,931 shares of the asset manager’s stock worth $13,359,000 after acquiring an additional 1,475 shares in the last quarter. Finally, Advisory Services Network LLC grew its holdings in Oaktree Capital Group by 11.3% during the 2nd quarter. Advisory Services Network LLC now owns 17,542 shares of the asset manager’s stock worth $817,000 after acquiring an additional 1,776 shares in the last quarter. Hedge funds and other institutional investors own 22.58% of the company’s stock.
Several research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Oaktree Capital Group from a “sell” rating to a “hold” rating in a report on Saturday, February 3rd. TheStreet cut shares of Oaktree Capital Group from a “b-” rating to a “c+” rating in a report on Friday, November 17th. Finally, ValuEngine cut shares of Oaktree Capital Group from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Oaktree Capital Group presently has a consensus rating of “Hold” and an average target price of $49.50.
Oaktree Capital Group LLC (NYSE OAK) opened at $43.00 on Friday. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 2.37. Oaktree Capital Group LLC has a 1-year low of $41.10 and a 1-year high of $48.50. The stock has a market cap of $6,720.00, a PE ratio of 11.88, a price-to-earnings-growth ratio of 1.05 and a beta of 0.62.
Oaktree Capital Group (NYSE:OAK) last issued its earnings results on Tuesday, February 6th. The asset manager reported $0.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.17. The company had revenue of $327.40 million for the quarter, compared to analysts’ expectations of $286.45 million. Oaktree Capital Group had a net margin of 15.75% and a return on equity of 18.06%. The firm’s quarterly revenue was down 6.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.91 EPS. equities analysts anticipate that Oaktree Capital Group LLC will post 3.62 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Friday, February 16th will be given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 7.07%. This is a positive change from Oaktree Capital Group’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend is Thursday, February 15th. Oaktree Capital Group’s dividend payout ratio is presently 61.88%.
Oaktree Capital Group 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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