Och-Ziff Capital Management Group LLC (OZM) Receives Average Rating of “Hold” from Analysts

Och-Ziff Capital Management Group LLC (NYSE:OZM) has been given an average recommendation of “Hold” by the six ratings firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $4.00.

A number of research firms have recently commented on OZM. Zacks Investment Research raised Och-Ziff Capital Management Group from a “hold” rating to a “buy” rating and set a $2.00 target price on the stock in a research note on Tuesday, September 4th. TheStreet cut Och-Ziff Capital Management Group from a “c” rating to a “d+” rating in a research note on Thursday, July 19th. Finally, ValuEngine cut Och-Ziff Capital Management Group from a “sell” rating to a “strong sell” rating in a research note on Monday, July 2nd.

Shares of NYSE OZM opened at $1.56 on Thursday. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of -212.11. Och-Ziff Capital Management Group has a 1-year low of $1.53 and a 1-year high of $3.95. The company has a market cap of $797.36 million, a price-to-earnings ratio of 3.06 and a beta of 0.95.

Och-Ziff Capital Management Group (NYSE:OZM) last issued its quarterly earnings data on Thursday, August 2nd. The asset manager reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.04). Och-Ziff Capital Management Group had a negative return on equity of 341.23% and a net margin of 0.44%. The company had revenue of $104.64 million for the quarter, compared to the consensus estimate of $104.12 million. analysts predict that Och-Ziff Capital Management Group will post 0.17 EPS for the current fiscal year.

In other news, insider David Michael Levine sold 14,146 shares of the company’s stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $2.00, for a total transaction of $28,292.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last ninety days, insiders have sold 40,477 shares of company stock worth $72,033. Insiders own 62.31% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in OZM. Moors & Cabot Inc. grew its stake in shares of Och-Ziff Capital Management Group by 233.3% during the first quarter. Moors & Cabot Inc. now owns 50,000 shares of the asset manager’s stock valued at $134,000 after buying an additional 35,000 shares during the last quarter. LPL Financial LLC grew its stake in shares of Och-Ziff Capital Management Group by 64.5% during the first quarter. LPL Financial LLC now owns 88,772 shares of the asset manager’s stock valued at $237,000 after buying an additional 34,814 shares during the last quarter. Searle & CO. grew its stake in shares of Och-Ziff Capital Management Group by 19.1% during the second quarter. Searle & CO. now owns 155,700 shares of the asset manager’s stock valued at $301,000 after buying an additional 25,000 shares during the last quarter. Miller Value Partners LLC bought a new position in shares of Och-Ziff Capital Management Group during the second quarter valued at approximately $579,000. Finally, GSA Capital Partners LLP grew its stake in shares of Och-Ziff Capital Management Group by 34.2% during the first quarter. GSA Capital Partners LLP now owns 232,827 shares of the asset manager’s stock valued at $622,000 after buying an additional 59,324 shares during the last quarter. 16.06% of the stock is currently owned by hedge funds and other institutional investors.

About Och-Ziff Capital Management Group

Och-Ziff Capital Management Group LLC is a publicly owned hedge fund sponsor. The firm provides investment advisory services for its clients. It primarily caters to institutional investors which include pension funds, fund-of-funds, foundations and endowments, corporations and other institutions, private banks and family offices.

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