Och-Ziff Capital Management Group (NYSE:OZM) Hits New 1-Year High at $23.00

Och-Ziff Capital Management Group Inc (NYSE:OZM) reached a new 52-week high during trading on Friday . The stock traded as high as $23.00 and last traded at $22.18, with a volume of 232254 shares. The stock had previously closed at $21.93.

Several equities research analysts have commented on the company. Zacks Investment Research raised Och-Ziff Capital Management Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 14th. ValuEngine raised Och-Ziff Capital Management Group from a “sell” rating to a “hold” rating in a report on Wednesday, March 20th.

The firm has a market cap of $1.10 billion, a PE ratio of 18.96 and a beta of 0.90. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 5.03.

Och-Ziff Capital Management Group (NYSE:OZM) last announced its quarterly earnings results on Thursday, May 9th. The asset manager reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.38. The firm had revenue of $116.98 million for the quarter, compared to the consensus estimate of $81.23 million. Och-Ziff Capital Management Group had a positive return on equity of 288.89% and a negative net margin of 6.98%. As a group, equities analysts predict that Och-Ziff Capital Management Group Inc will post 1.88 EPS for the current fiscal year.

The firm also recently declared a special dividend, which was paid on Tuesday, May 28th. Stockholders of record on Monday, May 20th were issued a dividend of $0.37 per share. This represents a dividend yield of 5.25%. The ex-dividend date of this dividend was Friday, May 17th. Och-Ziff Capital Management Group’s payout ratio is currently 126.50%.

In other news, CFO Thomas Michael Sipp sold 3,537 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $15.57, for a total transaction of $55,071.09. Following the transaction, the chief financial officer now directly owns 105,507 shares of the company’s stock, valued at $1,642,743.99. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Over the last ninety days, insiders have sold 58,726 shares of company stock worth $993,101. Corporate insiders own 60.59% of the company’s stock.

Several large investors have recently made changes to their positions in OZM. Odey Asset Management Group Ltd lifted its stake in Och-Ziff Capital Management Group by 0.5% in the fourth quarter. Odey Asset Management Group Ltd now owns 5,966,566 shares of the asset manager’s stock valued at $54,892,000 after buying an additional 32,047 shares in the last quarter. Algebris UK Ltd lifted its stake in Och-Ziff Capital Management Group by 4.3% in the fourth quarter. Algebris UK Ltd now owns 2,488,995 shares of the asset manager’s stock valued at $2,290,000 after buying an additional 102,495 shares in the last quarter. Quinn Opportunity Partners LLC lifted its stake in Och-Ziff Capital Management Group by 4.3% in the fourth quarter. Quinn Opportunity Partners LLC now owns 1,976,338 shares of the asset manager’s stock valued at $1,818,000 after buying an additional 80,900 shares in the last quarter. Caz Investments LP lifted its stake in Och-Ziff Capital Management Group by 100.0% in the fourth quarter. Caz Investments LP now owns 250,000 shares of the asset manager’s stock valued at $230,000 after buying an additional 125,000 shares in the last quarter. Finally, Searle & CO. lifted its stake in Och-Ziff Capital Management Group by 13.8% in the fourth quarter. Searle & CO. now owns 205,700 shares of the asset manager’s stock valued at $189,000 after buying an additional 25,000 shares in the last quarter. 15.75% of the stock is currently owned by hedge funds and other institutional investors.

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Och-Ziff Capital Management Group Company Profile (NYSE:OZM)

Och-Ziff Capital Management Group LLC is a publicly owned hedge fund sponsor. The firm provides investment advisory services for its clients. It primarily caters to institutional investors which include pension funds, fund-of-funds, foundations and endowments, corporations and other institutions, private banks and family offices.

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