Zacks: Brokerages Anticipate Och-Ziff Capital Management (OZM) Will Announce Earnings of $0.05 Per Share

Brokerages forecast that Och-Ziff Capital Management (NYSE:OZM) will post earnings per share of $0.05 for the current quarter, according to Zacks. Two analysts have issued estimates for Och-Ziff Capital Management’s earnings, with estimates ranging from $0.02 to $0.07. Och-Ziff Capital Management reported earnings per share of $0.10 during the same quarter last year, which suggests a negative year-over-year growth rate of 50%. The company is scheduled to issue its next earnings results on Wednesday, August 1st.

According to Zacks, analysts expect that Och-Ziff Capital Management will report full-year earnings of $0.38 per share for the current financial year, with EPS estimates ranging from $0.28 to $0.45. For the next year, analysts expect that the business will report earnings of $0.42 per share, with EPS estimates ranging from $0.32 to $0.47. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that follow Och-Ziff Capital Management.

Och-Ziff Capital Management (NYSE:OZM) last issued its quarterly earnings data on Wednesday, May 2nd. The asset manager reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.03). The firm had revenue of $123.00 million during the quarter, compared to the consensus estimate of $145.94 million. Och-Ziff Capital Management had a net margin of 3.41% and a negative return on equity of 222.73%.

Several analysts recently weighed in on the stock. ValuEngine downgraded shares of Och-Ziff Capital Management from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Zacks Investment Research downgraded shares of Och-Ziff Capital Management from a “hold” rating to a “sell” rating in a research report on Friday, May 4th. Keefe, Bruyette & Woods restated a “hold” rating on shares of Och-Ziff Capital Management in a research report on Friday, February 23rd. TheStreet upgraded shares of Och-Ziff Capital Management from a “d+” rating to a “c” rating in a research report on Thursday, April 19th. Finally, Citigroup upgraded shares of Och-Ziff Capital Management from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $2.90 to $4.50 in a research report on Tuesday, February 20th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $3.50.

NYSE:OZM traded up $0.02 during mid-day trading on Friday, hitting $2.07. The stock had a trading volume of 25,209 shares, compared to its average volume of 818,358. The company has a market cap of $1.02 billion, a PE ratio of 4.06 and a beta of 1.04. Och-Ziff Capital Management has a 52 week low of $2.05 and a 52 week high of $2.07. The company has a quick ratio of 3.18, a current ratio of 3.18 and a debt-to-equity ratio of 29.62.

The business also recently declared a quarterly dividend, which will be paid on Monday, May 21st. Shareholders of record on Monday, May 14th will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Friday, May 11th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 3.86%. Och-Ziff Capital Management’s dividend payout ratio (DPR) is 15.69%.

In other news, insider James S. Levin sold 357,634 shares of Och-Ziff Capital Management stock in a transaction that occurred on Monday, April 23rd. The shares were sold at an average price of $2.26, for a total value of $808,252.84. Following the transaction, the insider now owns 490,659 shares of the company’s stock, valued at approximately $1,108,889.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James S. Levin sold 29,700 shares of Och-Ziff Capital Management stock in a transaction that occurred on Friday, April 6th. The stock was sold at an average price of $2.34, for a total transaction of $69,498.00. Following the completion of the transaction, the insider now directly owns 2,481,377 shares in the company, valued at approximately $5,806,422.18. The disclosure for this sale can be found here. Insiders have sold a total of 2,088,738 shares of company stock worth $4,756,299 over the last 90 days. 62.31% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Citadel Advisors LLC increased its position in shares of Och-Ziff Capital Management by 677.8% in the fourth quarter. Citadel Advisors LLC now owns 48,225 shares of the asset manager’s stock worth $121,000 after acquiring an additional 42,025 shares in the last quarter. LPL Financial LLC increased its position in shares of Och-Ziff Capital Management by 125.2% in the fourth quarter. LPL Financial LLC now owns 53,958 shares of the asset manager’s stock worth $135,000 after acquiring an additional 30,000 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of Och-Ziff Capital Management in the fourth quarter worth approximately $174,000. Bourgeon Capital Management LLC increased its position in shares of Och-Ziff Capital Management by 250.0% in the fourth quarter. Bourgeon Capital Management LLC now owns 70,000 shares of the asset manager’s stock worth $175,000 after acquiring an additional 50,000 shares in the last quarter. Finally, Joel Isaacson & Co. LLC purchased a new position in shares of Och-Ziff Capital Management in the fourth quarter worth approximately $250,000. 17.35% of the stock is currently owned by institutional investors.

About Och-Ziff Capital Management

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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