Moors & Cabot Inc. Purchases 5,003 Shares of Oaktree Capital Group LLC Unit (OAK)

Moors & Cabot Inc. grew its position in shares of Oaktree Capital Group LLC Unit (NYSE:OAK) by 83.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,014 shares of the asset manager’s stock after buying an additional 5,003 shares during the period. Moors & Cabot Inc.’s holdings in Oaktree Capital Group LLC Unit were worth $544,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. D.A. Davidson & CO. lifted its position in shares of Oaktree Capital Group LLC Unit by 2.4% during the 4th quarter. D.A. Davidson & CO. now owns 16,915 shares of the asset manager’s stock valued at $672,000 after buying an additional 392 shares during the last quarter. North Star Investment Management Corp. lifted its position in shares of Oaktree Capital Group LLC Unit by 9.2% during the 1st quarter. North Star Investment Management Corp. now owns 5,460 shares of the asset manager’s stock valued at $271,000 after buying an additional 460 shares during the last quarter. Cordasco Financial Network purchased a new position in shares of Oaktree Capital Group LLC Unit during the 1st quarter valued at $35,000. Carroll Financial Associates Inc. purchased a new position in shares of Oaktree Capital Group LLC Unit during the 4th quarter valued at $33,000. Finally, DDD Partners LLC lifted its position in shares of Oaktree Capital Group LLC Unit by 2.2% during the 4th quarter. DDD Partners LLC now owns 41,468 shares of the asset manager’s stock valued at $1,648,000 after buying an additional 900 shares during the last quarter. 28.13% of the stock is currently owned by hedge funds and other institutional investors.

OAK has been the topic of a number of recent research reports. Morgan Stanley cut Oaktree Capital Group LLC Unit from an “overweight” rating to an “equal weight” rating in a research report on Thursday, March 14th. Zacks Investment Research raised Oaktree Capital Group LLC Unit from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research report on Friday, February 15th. ValuEngine cut Oaktree Capital Group LLC Unit from a “buy” rating to a “hold” rating in a report on Friday, April 5th. Finally, Wells Fargo & Co increased 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. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $46.50.

Shares of OAK opened at $49.60 on Friday. The stock has a market cap of $7.67 billion, a P/E ratio of 18.86, a P/E/G ratio of 1.32 and a beta of 0.54. The company has a debt-to-equity ratio of 2.75, a quick ratio of 2.11 and a current ratio of 2.11. Oaktree Capital Group LLC Unit has a 52-week low of $38.65 and a 52-week high of $50.76.

Oaktree Capital Group LLC Unit (NYSE:OAK) last issued its quarterly earnings data on Thursday, April 25th. The asset manager reported $1.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.18. The business had revenue of $266.42 million for the quarter, compared to analysts’ expectations of $522.21 million. Oaktree Capital Group LLC Unit had a return on equity of 18.61% and a net margin of 17.09%. The firm’s quarterly revenue was down 21.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.93 EPS. As a group, research analysts expect that Oaktree Capital Group LLC Unit will post 3.46 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Monday, May 6th were issued a dividend of $1.05 per share. This is a boost from Oaktree Capital Group LLC Unit’s previous quarterly dividend of $0.75. The ex-dividend date was Friday, May 3rd. This represents a $4.20 dividend on an annualized basis and a yield of 8.47%. Oaktree Capital Group LLC Unit’s dividend payout ratio is 159.70%.

In related news, major shareholder Oaktree Capital Group Holdings acquired 32,516 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were acquired at an average price of $4.69 per share, with a total value of $152,500.04. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders have purchased a total of 147,938 shares of company stock worth $675,376 in the last three months.

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About Oaktree Capital Group LLC Unit

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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Institutional Ownership by Quarter for Oaktree Capital Group LLC Unit (NYSE:OAK)

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