Carret Asset Management LLC reduced its position in shares of Oaktree Capital Group LLC (NYSE:OAK) by 1.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,800 shares of the asset manager’s stock after selling 145 shares during the period. Carret Asset Management LLC’s holdings in Oaktree Capital Group were worth $580,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in OAK. CIBC World Markets Inc. purchased a new stake in Oaktree Capital Group during the first quarter worth approximately $243,000. Ameriprise Financial Inc. purchased a new stake in Oaktree Capital Group during the first quarter worth approximately $408,000. Caldwell & Orkin Inc. purchased a new stake in Oaktree Capital Group during the first quarter worth approximately $1,649,000. Walter & Keenan Financial Consulting Co. MI ADV boosted its stake in Oaktree Capital Group by 1.3% in the first quarter. Walter & Keenan Financial Consulting Co. MI ADV now owns 15,900 shares of the asset manager’s stock worth $720,000 after buying an additional 200 shares in the last quarter. Finally, Wade G W & Inc. purchased a new stake in Oaktree Capital Group during the first quarter worth approximately $363,000. Institutional investors and hedge funds own 22.82% of the company’s stock.
Oaktree Capital Group LLC (NYSE:OAK) traded up 0.78% during trading on Friday, reaching $45.15. The company’s stock had a trading volume of 122,588 shares. The stock’s 50-day moving average is $45.87 and its 200 day moving average is $42.95. The company has a market cap of $2.90 billion, a P/E ratio of 12.81 and a beta of 0.53. Oaktree Capital Group LLC has a 12 month low of $36.95 and a 12 month high of $48.94.
Oaktree Capital Group (NYSE:OAK) last announced its quarterly earnings data on Thursday, April 27th. The asset manager reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.08. Oaktree Capital Group had a net margin of 17.30% and a return on equity of 15.40%. The firm had revenue of $391.20 million for the quarter, compared to analyst estimates of $341.84 million. During the same quarter in the prior year, the business earned $0.49 earnings per share. The business’s quarterly revenue was up 25.0% compared to the same quarter last year. On average, equities analysts forecast that Oaktree Capital Group LLC will post $3.77 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 12th. Stockholders of record on Monday, May 8th were issued a dividend of $0.71 per share. The ex-dividend date of this dividend was Thursday, May 4th. This represents a $2.84 annualized dividend and a dividend yield of 6.34%. This is a positive change from Oaktree Capital Group’s previous quarterly dividend of $0.63. Oaktree Capital Group’s dividend payout ratio is currently 83.87%.
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A number of research firms recently commented on OAK. Deutsche Bank AG upped their price objective on shares of Oaktree Capital Group from $44.00 to $45.00 and gave the company a “hold” rating in a research report on Friday, April 28th. TheStreet upgraded shares of Oaktree Capital Group from a “c+” rating to a “b-” rating in a research report on Monday, April 3rd. Finally, Zacks Investment Research cut shares of Oaktree Capital Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $46.25.
In other news, Vice Chairman John Frank sold 16,852 shares of the company’s stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $45.11, for a total transaction of $760,193.72. Following the transaction, the insider now owns 58,333 shares in the company, valued at $2,631,401.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Larry W. Keele sold 8,334 shares of the company’s stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $45.34, for a total transaction of $377,863.56. Following the transaction, the director now owns 58,655 shares in the company, valued at approximately $2,659,417.70. The disclosure for this sale can be found here.
Oaktree Capital Group Company 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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