Headlines about Oaktree Capital Group (NYSE:OAK) have been trending somewhat positive on Thursday, according to Accern. Accern ranks the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Oaktree Capital Group earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave media stories about the asset manager an impact score of 46.0674803802663 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Several equities analysts have recently commented on OAK shares. Zacks Investment Research downgraded shares of Oaktree Capital Group from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. TheStreet downgraded shares of Oaktree Capital Group from a “b-” rating to a “c+” rating in a research note on Friday, November 17th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $49.50.
Oaktree Capital Group (NYSE:OAK) traded up $0.50 during midday trading on Thursday, hitting $43.40. 196,034 shares of the stock were exchanged, compared to its average volume of 224,391. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 2.37. The company has a market capitalization of $6,700.00, a PE ratio of 10.14, a PEG ratio of 0.88 and a beta of 0.57. Oaktree Capital Group has a 12-month low of $36.95 and a 12-month high of $48.50.
Oaktree Capital Group (NYSE:OAK) last issued its earnings results on Thursday, October 26th. The asset manager reported $0.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 for the quarter, compared to analysts’ expectations of $281.61 million. During the same period in the prior year, the business earned $0.92 EPS. The firm’s quarterly revenue was down 16.5% on a year-over-year basis. research analysts forecast that Oaktree Capital Group will post 3.86 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, November 10th. Shareholders of record on Monday, November 6th were issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 5.16%. The ex-dividend date was Friday, November 3rd. Oaktree Capital Group’s payout ratio is 51.49%.
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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.
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