Advisory Research Inc. maintained its position in Oaktree Capital Group, LLC (NYSE:OAK) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,646 shares of the asset manager’s stock at the end of the second quarter. Advisory Research Inc.’s holdings in Oaktree Capital Group were worth $1,162,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of OAK. Russell Investments Group Ltd. bought a new position in shares of Oaktree Capital Group in the first quarter worth $103,000. Ameriprise Financial Inc. bought a new stake in Oaktree Capital Group during the first quarter valued at $408,000. Envestnet Asset Management Inc. boosted its stake in Oaktree Capital Group by 4.6% during the first quarter. Envestnet Asset Management Inc. now owns 5,344 shares of the asset manager’s stock valued at $243,000 after buying an additional 234 shares during the period. Blair William & Co. IL bought a new stake in Oaktree Capital Group during the first quarter valued at $301,000. Finally, Alliancebernstein L.P. bought a new stake in Oaktree Capital Group during the first quarter valued at $8,282,000. 21.84% of the stock is owned by hedge funds and other institutional investors.
Oaktree Capital Group, LLC (OAK) traded down 0.585% during midday trading on Friday, reaching $46.725. The company had a trading volume of 7,072 shares. Oaktree Capital Group, LLC has a 52 week low of $36.95 and a 52 week high of $48.50. The company has a market capitalization of $3.00 billion, a price-to-earnings ratio of 10.195 and a beta of 0.59. The firm has a 50-day moving average price of $46.17 and a 200-day moving average price of $46.48.
Oaktree Capital Group (NYSE:OAK) last released its quarterly earnings data on Thursday, July 27th. The asset manager reported $1.73 EPS for the quarter, beating the consensus estimate of $1.47 by $0.26. Oaktree Capital Group had a net margin of 19.17% and a return on equity of 20.11%. The business had revenue of $704.36 million during the quarter, compared to the consensus estimate of $592.84 million. During the same quarter in the prior year, the firm earned $0.79 EPS. Analysts expect that Oaktree Capital Group, LLC will post $3.86 EPS for the current fiscal year.
Several equities research analysts recently issued reports on the company. Goldman Sachs Group, Inc. (The) lowered Oaktree Capital Group from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $50.00 to $49.00 in a research note on Friday, July 28th. BidaskClub raised Oaktree Capital Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 5th. Jefferies Group LLC assumed coverage on Oaktree Capital Group in a research note on Wednesday, June 28th. They set a “hold” rating and a $49.00 price objective for the company. Finally, Morgan Stanley lifted their price objective on Oaktree Capital Group from $54.00 to $55.00 and gave the company an “outperform” rating in a research note on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $47.20.
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In other Oaktree Capital Group news, Director Oaktree Capital Group Holdings sold 10,000,000 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $5.66, for a total transaction of $56,600,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman John Frank sold 16,666 shares of the stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $46.72, for a total transaction of $778,635.52. Following the transaction, the insider now directly owns 41,667 shares of the company’s stock, valued at approximately $1,946,682.24. The disclosure for this sale can be found here.
Oaktree Capital Group Profile
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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