Headlines about Oaktree Capital Group (NYSE:OAK) have been trending positive this week, according to Accern. The research firm identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Oaktree Capital Group earned a news sentiment score of 0.48 on Accern’s scale. Accern also gave headlines about the asset manager an impact score of 53 out of 100, indicating that recent media coverage is somewhat likely to have an effect on the stock’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern’s analysis:
- Brokerages Anticipate Oaktree Capital Group, LLC (OAK) to Announce $1.43 Earnings Per Share (americanbankingnews.com)
- China Bad Debt Prices Surge 30% as New Gold Rush Gets Under Way (bloomberg.com)
- Firms hire lobbyists in Lambert airport privatization effort (bizjournals.com)
- BRIEF-Funds managed by Oaktree increase ownership in SunOpta (reuters.com)
- [$$] CST Industries Sues Backer Oaktree Capital in Bankruptcy (finance.yahoo.com)
Oaktree Capital Group (OAK) remained flat at $47.20 during mid-day trading on Thursday. The company’s stock had a trading volume of 65,889 shares. The company has a market cap of $3.03 billion, a PE ratio of 13.39 and a beta of 0.54. The company’s 50 day moving average price is $46.12 and its 200-day moving average price is $43.97. Oaktree Capital Group has a 52-week low of $36.95 and a 52-week high of $48.94.
Oaktree Capital Group (NYSE:OAK) last issued its earnings results on Thursday, April 27th. The asset manager reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.08. The company had revenue of $391.20 million during the quarter, compared to analyst estimates of $341.84 million. Oaktree Capital Group had a net margin of 19.08% and a return on equity of 17.74%. The company’s revenue for the quarter was up 25.0% on a year-over-year basis. During the same quarter last year, the business posted $0.49 EPS. Analysts expect that Oaktree Capital Group will post $3.76 earnings per share for the current fiscal year.
Several research analysts have weighed in on the company. TheStreet upgraded Oaktree Capital Group from a “c+” rating to a “b-” rating in a report on Monday, April 3rd. Deutsche Bank AG upped their price objective on Oaktree Capital Group from $44.00 to $45.00 and gave the stock a “hold” rating in a report on Friday, April 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $46.25.
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In related news, Director Ocm Growth Holdings Llc bought 909,443 shares of the firm’s stock in a transaction on Monday, June 12th. The stock was bought at an average price of $15.00 per share, with a total value of $13,641,645.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
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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