Oaktree Capital Group LLC (NYSE:OAK) Director Ocm Growth Holdings Llc bought 1,413,922 shares of Oaktree Capital Group stock in a transaction on Friday, December 8th. The stock was purchased at an average price of $15.00 per share, for a total transaction of $21,208,830.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Oaktree Capital Group LLC (NYSE OAK) opened at $41.75 on Friday. Oaktree Capital Group LLC has a one year low of $36.95 and a one year high of $48.50. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 2.37. The company has a market cap of $6,592.27, a PE ratio of 10.12, a PEG ratio of 0.87 and a beta of 0.57.

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, topping the Zacks’ consensus estimate of $0.56 by $0.11. The firm had revenue of $304.80 million during the quarter, compared to the consensus estimate of $281.61 million. Oaktree Capital Group had a net margin of 19.04% and a return on equity of 18.88%. The company’s revenue was down 16.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.92 EPS. sell-side analysts forecast that Oaktree Capital Group LLC will post 3.86 earnings per share for the current year.

A number of research analysts have recently commented on the stock. TheStreet downgraded shares of Oaktree Capital Group from a “b-” rating to a “c+” rating in a research note on Friday, November 17th. Zacks Investment Research downgraded shares of Oaktree Capital Group from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $49.50.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Alps Advisors Inc. increased its position in Oaktree Capital Group by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 10,846 shares of the asset manager’s stock worth $505,000 after purchasing an additional 28 shares in the last quarter. Westside Investment Management Inc. increased its position in Oaktree Capital Group by 0.5% during the 2nd quarter. Westside Investment Management Inc. now owns 19,075 shares of the asset manager’s stock worth $889,000 after purchasing an additional 100 shares in the last quarter. Penserra Capital Management LLC increased its position in Oaktree Capital Group by 10.0% during the 2nd quarter. Penserra Capital Management LLC now owns 2,471 shares of the asset manager’s stock worth $115,000 after purchasing an additional 224 shares in the last quarter. Advisor Group Inc. increased its position in Oaktree Capital Group by 3.3% during the 2nd quarter. Advisor Group Inc. now owns 8,820 shares of the asset manager’s stock worth $379,000 after purchasing an additional 283 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in Oaktree Capital Group by 6.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,618 shares of the asset manager’s stock worth $215,000 after purchasing an additional 299 shares in the last quarter. 22.60% of the stock is owned by hedge funds and other institutional investors.

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Oaktree Capital Group Company Profile

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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