Och-Ziff Capital Management Group LLC (NYSE:OZM) declared a special dividend on Friday, May 10th, Wall Street Journal reports. Shareholders of record on Monday, May 20th will be paid a dividend of 0.37 per share by the asset manager on Tuesday, May 28th. This represents a dividend yield of 5.25%. The ex-dividend date is Friday, May 17th.
Och-Ziff Capital Management Group has decreased its dividend by an average of 46.9% per year over the last three years. Och-Ziff Capital Management Group has a dividend payout ratio of 870.6% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Och-Ziff Capital Management Group to earn $2.08 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 71.2%.
Shares of OZM stock opened at $18.41 on Thursday. Och-Ziff Capital Management Group has a twelve month low of $8.60 and a twelve month high of $23.00. The company has a market capitalization of $931.63 million, a price-to-earnings ratio of 15.74 and a beta of 1.33. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 5.03.
Och-Ziff Capital Management Group (NYSE:OZM) last announced its earnings results on Thursday, March 7th. The asset manager reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.19). Och-Ziff Capital Management Group had a negative net margin of 6.98% and a positive return on equity of 58.10%. The company had revenue of $166.42 million during the quarter, compared to analysts’ expectations of $145.79 million. On average, equities analysts expect that Och-Ziff Capital Management Group will post 1.88 EPS for the current year.
In related news, insider Erez Elisha sold 1,758 shares of Och-Ziff Capital Management Group stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $15.80, for a total value of $27,776.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider David Michael Levine sold 7,961 shares of Och-Ziff Capital Management Group stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $12.76, for a total value of $101,582.36. The disclosure for this sale can be found here. Insiders sold a total of 70,203 shares of company stock worth $1,145,894 over the last quarter. Company insiders own 60.77% of the company’s stock.
OZM has been the topic of several analyst reports. Zacks Investment Research downgraded Och-Ziff Capital Management Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 20th. ValuEngine upgraded Och-Ziff Capital Management Group from a “hold” rating to a “buy” rating in a research note on Wednesday, May 8th.
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Och-Ziff Capital Management Group Company Profile
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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