Hollow Brook Wealth Management LLC boosted its stake in Oaktree Capital Group, LLC (NYSE:OAK) by 265.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,980 shares of the asset manager’s stock after buying an additional 49,401 shares during the period. Oaktree Capital Group makes up approximately 2.2% of Hollow Brook Wealth Management LLC’s portfolio, making the stock its 16th largest position. Hollow Brook Wealth Management LLC owned about 0.11% of Oaktree Capital Group worth $3,168,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Moon Capital Management LLC raised its position in Oaktree Capital Group by 6.0% in the second quarter. Moon Capital Management LLC now owns 23,525 shares of the asset manager’s stock valued at $1,096,000 after buying an additional 1,330 shares in the last quarter. River Road Asset Management LLC raised its position in shares of Oaktree Capital Group by 56.1% in the first quarter. River Road Asset Management LLC now owns 203,475 shares of the asset manager’s stock worth $9,217,000 after buying an additional 73,111 shares in the last quarter. Elgethun Capital Management raised its position in shares of Oaktree Capital Group by 51.4% in the first quarter. Elgethun Capital Management now owns 27,657 shares of the asset manager’s stock worth $1,253,000 after buying an additional 9,389 shares in the last quarter. Edge Asset Management Inc. raised its position in shares of Oaktree Capital Group by 13.2% in the first quarter. Edge Asset Management Inc. now owns 1,032,699 shares of the asset manager’s stock worth $46,781,000 after buying an additional 120,230 shares in the last quarter. Finally, Bank of Montreal Can raised its position in shares of Oaktree Capital Group by 341.7% in the second quarter. Bank of Montreal Can now owns 288,785 shares of the asset manager’s stock worth $13,458,000 after buying an additional 223,400 shares in the last quarter. Institutional investors and hedge funds own 23.96% of the company’s stock.

Shares of Oaktree Capital Group, LLC (NYSE OAK) traded up 1.54% during trading on Friday, reaching $46.05. 48,233 shares of the company were exchanged. The stock has a 50-day moving average of $47.20 and a 200 day moving average of $46.17. Oaktree Capital Group, LLC has a 52-week low of $36.95 and a 52-week high of $48.50. The stock has a market capitalization of $2.96 billion, a P/E ratio of 10.05 and a beta of 0.60.

Oaktree Capital Group (NYSE:OAK) last announced its quarterly earnings results on Thursday, July 27th. The asset manager reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.26. The business had revenue of $704.36 million for the quarter, compared to analyst estimates of $592.84 million. Oaktree Capital Group had a return on equity of 20.11% and a net margin of 19.17%. During the same quarter in the prior year, the company earned $0.79 earnings per share. On average, equities analysts anticipate that Oaktree Capital Group, LLC will post $3.93 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, August 11th. Shareholders of record on Monday, August 7th were issued a $1.31 dividend. The ex-dividend date was Thursday, August 3rd. This represents a $5.24 annualized dividend and a yield of 11.55%. This is a positive change from Oaktree Capital Group’s previous quarterly dividend of $0.71. Oaktree Capital Group’s dividend payout ratio is presently 114.66%.

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A number of equities analysts recently issued reports on OAK shares. Morgan Stanley reiterated an “overweight” rating and issued a $54.00 target price (down previously from $56.00) on shares of Oaktree Capital Group in a research report on Monday, July 10th. Deutsche Bank AG increased their target price 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. BidaskClub lowered shares of Oaktree Capital Group from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. Jefferies Group LLC started coverage on shares of Oaktree Capital Group in a research report on Wednesday, June 28th. They issued a “hold” rating and a $49.00 target price for the company. Finally, Goldman Sachs Group, Inc. (The) lowered shares of Oaktree Capital Group from a “buy” rating to a “neutral” rating and decreased their target price for the company from $50.00 to $49.00 in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. Oaktree Capital Group presently has an average rating of “Hold” and an average target price of $47.50.

In other news, Director Ocm Growth Holdings Llc purchased 909,443 shares of the business’s stock in a transaction on Monday, June 12th. The shares were acquired at an average price of $15.00 per share, for a total transaction of $13,641,645.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Oaktree Capital Group Holdings sold 10,000,000 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $5.66, for a total value of $56,600,000.00. The disclosure for this sale can be found here.

About Oaktree Capital Group

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.

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

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