Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Oaktree Capital Group (OAK) Stock Price
Media headlines about Oaktree Capital Group (NYSE:OAK) have been trending somewhat positive recently, Accern reports. The research group scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Oaktree Capital Group earned a news impact score of 0.14 on Accern’s scale. Accern also gave headlines about the asset manager an impact score of 47.7581427696577 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Oaktree Capital Group LLC breached its 50 day moving average in a Bearish Manner : OAK-US : October 31, 2017 (finance.yahoo.com)
- Oppenheimer Holdings Comments on Oaktree Capital Group, LLC’s Q1 2018 Earnings (OAK) (americanbankingnews.com)
- Here’s What Executives Are Saying About Republican Tax Reform (bloomberg.com)
- Oaktree Announces Third Quarter 2017 Financial Results – Business Wire (press release) (businesswire.com)
Oaktree Capital Group (OAK) opened at $44.65 on Friday. The firm has a market capitalization of $7.01 billion, a price-to-earnings ratio of 10.77, a P/E/G ratio of 0.93 and a beta of 0.61. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 2.18.
Oaktree Capital Group (NYSE:OAK) last posted its earnings results on Thursday, October 26th. The asset manager reported $0.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.11. Oaktree Capital Group had a return on equity of 18.97% and a net margin of 19.04%. The firm had revenue of $304.80 million for the quarter, compared to analysts’ expectations of $281.61 million. During the same period in the previous year, the firm earned $0.92 earnings per share. The business’s revenue was down 16.5% compared to the same quarter last year. research analysts forecast that Oaktree Capital Group will post 3.85 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 10th. Stockholders of record on Monday, November 6th will be paid a dividend of $0.56 per share. The ex-dividend date of this dividend is Friday, November 3rd. This represents a $2.24 annualized dividend and a dividend yield of 5.02%. Oaktree Capital Group’s dividend payout ratio (DPR) is presently 120.46%.
OAK has been the subject of several research reports. Goldman Sachs Group, Inc. (The) lowered Oaktree Capital Group from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $50.00 to $49.00 in a research note on Friday, July 28th. BidaskClub upgraded Oaktree Capital Group from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Jefferies Group LLC reiterated a “hold” rating and set a $49.00 price objective on shares of Oaktree Capital Group in a research note on Sunday, July 30th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $54.00 price objective (down from $56.00) on shares of Oaktree Capital Group in a research note on Monday, July 10th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Oaktree Capital Group presently has an average rating of “Hold” and an average target price of $49.50.
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In related news, Vice Chairman John Frank sold 16,666 shares of the company’s stock in a transaction on Friday, August 18th. The stock was sold at an average price of $46.72, for a total value of $778,635.52. Following the sale, the insider now directly owns 41,667 shares of the company’s stock, valued at $1,946,682.24. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Oaktree Capital Group Holdings sold 10,000,000 shares of the company’s stock in a transaction 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.
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