Oaktree Capital Group LLC Unit (NYSE:OAK)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $50.22 and last traded at $50.25, with a volume of 49345 shares traded. The stock had previously closed at $50.06.
A number of research firms have recently commented on OAK. ValuEngine downgraded Oaktree Capital Group LLC Unit from a “buy” rating to a “hold” rating in a report on Friday, April 5th. Wells Fargo & Co raised their price objective on Oaktree Capital Group LLC Unit from $44.00 to $49.00 and gave the stock a “market perform” rating in a report on Thursday, March 14th. Morgan Stanley downgraded Oaktree Capital Group LLC Unit from an “overweight” rating to an “equal weight” rating in a report on Thursday, March 14th. Finally, Zacks Investment Research upgraded Oaktree Capital Group LLC Unit from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a report on Thursday, March 7th. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $46.50.
The firm has a market capitalization of $7.90 billion, a P/E ratio of 19.00, a PEG ratio of 1.38 and a beta of 0.54. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 2.75.
Oaktree Capital Group LLC Unit (NYSE:OAK) last posted its earnings results on Tuesday, February 5th. The asset manager reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.02. Oaktree Capital Group LLC Unit had a return on equity of 16.17% and a net margin of 16.12%. The business had revenue of $290.17 million during the quarter, compared to analyst estimates of $244.20 million. During the same quarter last year, the firm earned $0.72 earnings per share. The company’s revenue for the quarter was down 11.4% compared to the same quarter last year. On average, analysts forecast that Oaktree Capital Group LLC Unit will post 3.42 EPS for the current year.
In related news, major shareholder Oaktree Capital Group Holdings bought 32,516 shares of the stock in a transaction dated Tuesday, April 2nd. The stock was acquired at an average price of $4.69 per share, for a total transaction of $152,500.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders bought 147,938 shares of company stock valued at $675,376.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Carroll Financial Associates Inc. bought a new position in Oaktree Capital Group LLC Unit during the 4th quarter worth approximately $33,000. Cordasco Financial Network bought a new position in Oaktree Capital Group LLC Unit during the 1st quarter worth approximately $35,000. M&R Capital Management Inc. lifted its holdings in Oaktree Capital Group LLC Unit by 534.5% during the 4th quarter. M&R Capital Management Inc. now owns 3,680 shares of the asset manager’s stock worth $146,000 after buying an additional 3,100 shares during the last quarter. We Are One Seven LLC bought a new position in Oaktree Capital Group LLC Unit during the 4th quarter worth approximately $165,000. Finally, Barclays PLC lifted its holdings in Oaktree Capital Group LLC Unit by 1,545.7% during the 4th quarter. Barclays PLC now owns 5,217 shares of the asset manager’s stock worth $208,000 after buying an additional 4,900 shares during the last quarter. Hedge funds and other institutional investors own 28.20% of the company’s stock.
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Oaktree Capital Group LLC Unit Company Profile (NYSE:OAK)
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.
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