Oaktree Capital Group LLC (OAK) Major Shareholder Oaktree Capital Management Lp Buys 34,400 Shares of Stock

Oaktree Capital Group LLC (NYSE:OAK) major shareholder Oaktree Capital Management Lp purchased 34,400 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was bought at an average cost of $5.87 per share, for a total transaction of $201,928.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Oaktree Capital Management Lp also recently made the following trade(s):

  • On Tuesday, February 13th, Oaktree Capital Management Lp purchased 40,000 shares of Oaktree Capital Group stock. The stock was bought at an average cost of $5.81 per share, for a total transaction of $232,400.00.
  • On Friday, February 9th, Oaktree Capital Management Lp purchased 60,000 shares of Oaktree Capital Group stock. The stock was bought at an average cost of $5.12 per share, for a total transaction of $307,200.00.
  • On Tuesday, February 6th, Oaktree Capital Management Lp purchased 84,054 shares of Oaktree Capital Group stock. The stock was bought at an average cost of $5.22 per share, for a total transaction of $438,761.88.
  • On Wednesday, December 13th, Oaktree Capital Management Lp purchased 28,800 shares of Oaktree Capital Group stock. The stock was bought at an average cost of $8.63 per share, for a total transaction of $248,544.00.

Oaktree Capital Group LLC (NYSE:OAK) traded down $0.15 during mid-day trading on Friday, hitting $42.20. The stock had a trading volume of 541,777 shares, compared to its average volume of 408,678. The firm has a market cap of $6,615.71, a P/E ratio of 11.66, a P/E/G ratio of 0.96 and a beta of 0.62. Oaktree Capital Group LLC has a one year low of $40.90 and a one year high of $48.50. The company has a debt-to-equity ratio of 2.37, a quick ratio of 1.80 and a current ratio of 1.80.

Oaktree Capital Group (NYSE:OAK) last issued its quarterly earnings data on Tuesday, February 6th. The asset manager reported $0.72 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.17. The business had revenue of $327.40 million for the quarter, compared to the consensus estimate of $286.45 million. Oaktree Capital Group had a return on equity of 6.17% and a net margin of 31.45%. The firm’s revenue was down 6.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.91 EPS. analysts predict that Oaktree Capital Group LLC will post 3.43 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Friday, February 16th will be paid a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 7.20%. The ex-dividend date is Thursday, February 15th. This is an increase from Oaktree Capital Group’s previous quarterly dividend of $0.56. Oaktree Capital Group’s dividend payout ratio (DPR) is presently 83.98%.

A number of research analysts have recently weighed in on OAK shares. TheStreet downgraded Oaktree Capital Group from a “b-” rating to a “c+” rating in a research note on Friday, November 17th. Zacks Investment Research downgraded Oaktree Capital Group from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. ValuEngine downgraded Oaktree Capital Group from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Finally, JPMorgan Chase & Co. cut their price target on Oaktree Capital Group from $53.00 to $51.00 and set a “neutral” rating on the stock in a research note on Tuesday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $49.80.

A number of institutional investors have recently modified their holdings of OAK. California Public Employees Retirement System raised its stake in Oaktree Capital Group by 2.5% during the 2nd quarter. California Public Employees Retirement System now owns 73,700 shares of the asset manager’s stock worth $3,434,000 after buying an additional 1,800 shares during the period. Virtu KCG Holdings LLC acquired a new stake in Oaktree Capital Group during the 2nd quarter worth $265,000. The Manufacturers Life Insurance Company raised its stake in Oaktree Capital Group by 6.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,618 shares of the asset manager’s stock worth $215,000 after buying an additional 299 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new stake in Oaktree Capital Group during the 2nd quarter worth $245,000. Finally, Burgundy Asset Management Ltd. raised its stake in Oaktree Capital Group by 2.3% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 236,683 shares of the asset manager’s stock worth $11,029,000 after buying an additional 5,272 shares during the period. 22.61% of the stock is currently owned by institutional investors and hedge funds.

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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.

Insider Buying and Selling by Quarter for Oaktree Capital Group (NYSE:OAK)

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