Shelter Mutual Insurance Co Has $6.93 Million Position in Oaktree Capital Group LLC Unit (NYSE:OAK)

Shelter Mutual Insurance Co reduced its stake in Oaktree Capital Group LLC Unit (NYSE:OAK) by 8.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 139,950 shares of the asset manager’s stock after selling 13,450 shares during the period. Oaktree Capital Group LLC Unit comprises approximately 2.0% of Shelter Mutual Insurance Co’s investment portfolio, making the stock its 19th largest position. Shelter Mutual Insurance Co owned 0.09% of Oaktree Capital Group LLC Unit worth $6,933,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in shares of Oaktree Capital Group LLC Unit by 751.1% in the 1st quarter. JPMorgan Chase & Co. now owns 3,271,739 shares of the asset manager’s stock valued at $162,442,000 after purchasing an additional 2,887,319 shares in the last quarter. Water Island Capital LLC acquired a new stake in shares of Oaktree Capital Group LLC Unit in the 1st quarter valued at approximately $55,303,000. Markel Corp boosted its stake in shares of Oaktree Capital Group LLC Unit by 4.4% in the 1st quarter. Markel Corp now owns 1,065,500 shares of the asset manager’s stock valued at $52,902,000 after purchasing an additional 45,000 shares in the last quarter. Thornburg Investment Management Inc. boosted its stake in shares of Oaktree Capital Group LLC Unit by 13.1% in the 1st quarter. Thornburg Investment Management Inc. now owns 1,034,438 shares of the asset manager’s stock valued at $51,360,000 after purchasing an additional 119,675 shares in the last quarter. Finally, Tibra Equities Europe Ltd acquired a new stake in shares of Oaktree Capital Group LLC Unit in the 2nd quarter valued at approximately $28,183,000. Institutional investors own 32.17% of the company’s stock.

Separately, Zacks Investment Research downgraded shares of Oaktree Capital Group LLC Unit from a “buy” rating to a “hold” rating in a research report on Tuesday, July 30th. Six analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and a consensus price target of $47.00.

In other news, Director Steven J. Gilbert purchased 10,000 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were purchased at an average price of $26.66 per share, for a total transaction of $266,600.00. Following the transaction, the director now owns 10,000 shares of the company’s stock, valued at $266,600. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Oaktree Capital Group Holdings purchased 20,899 shares of the company’s stock in a transaction dated Monday, August 12th. The stock was purchased at an average price of $4.03 per share, for a total transaction of $84,222.97. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 2,267,508 shares of company stock worth $10,700,322.

NYSE:OAK traded up $0.25 during mid-day trading on Thursday, hitting $51.30. 15,783 shares of the company’s stock were exchanged, compared to its average volume of 737,974. The stock’s 50 day moving average is $50.38. The company has a debt-to-equity ratio of 2.84, a current ratio of 2.20 and a quick ratio of 2.20. Oaktree Capital Group LLC Unit has a fifty-two week low of $38.65 and a fifty-two week high of $51.80. The company has a market cap of $8.15 billion, a price-to-earnings ratio of 19.52, a P/E/G ratio of 2.46 and a beta of 0.53.

Oaktree Capital Group LLC Unit (NYSE:OAK) last posted its earnings results on Thursday, July 25th. The asset manager reported $0.57 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.07). Oaktree Capital Group LLC Unit had a return on equity of 18.93% and a net margin of 17.16%. The business had revenue of $313.48 million for the quarter, compared to analyst estimates of $311.80 million. During the same quarter in the prior year, the business earned $0.51 earnings per share. The firm’s quarterly revenue was up 47.0% on a year-over-year basis. On average, analysts forecast that Oaktree Capital Group LLC Unit will post 3.49 earnings per share for the current year.

Oaktree Capital Group LLC Unit Profile

Oaktree Capital Group, LLC operates as a global investment management firm that focuses on alternative markets. It manage investments in a number of strategies within six asset classes, including distressed debt; corporate debt, including high yield debt and senior loans; control investing; convertible securities; real estate; and listed equities.

Further Reading: Stock Symbols and CUSIP Explained

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Institutional Ownership by Quarter for Oaktree Capital Group LLC Unit (NYSE:OAK)

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