Och-Ziff Capital Management Group (NYSE:OZM) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

According to Zacks, “Och-Ziff Capital Management Group LLC is a leading, global institutional alternative asset management firm. It seeks to deliver consistent positive risk-adjusted returns throughout market cycles, with a strong focus on risk management and capital preservation. Portfolio composition is determined by market opportunities rather than any predetermined commitment to investment discipline or geography. Our diversified, multi-strategy approach is based on global investment strategies, including merger arbitrage, convertible arbitrage, equity restructuring, credit and distressed investments, private investments and real estate. “

Several other research firms have also recently weighed in on OZM. Jefferies Group upped their price target on shares of Och-Ziff Capital Management Group from $3.00 to $3.50 and gave the stock a “hold” rating in a report on Wednesday, October 4th. ValuEngine lowered shares of Och-Ziff Capital Management Group from a “buy” rating to a “hold” rating in a research report on Saturday, November 4th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $3.13.

Och-Ziff Capital Management Group (OZM) traded down $0.04 during trading on Thursday, hitting $2.72. 383,736 shares of the stock traded hands, compared to its average volume of 480,456. The company has a market capitalization of $1,430.00, a PE ratio of 34.00 and a beta of 1.23. Och-Ziff Capital Management Group has a 52-week low of $2.15 and a 52-week high of $3.95. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of -2.61.

Och-Ziff Capital Management Group (NYSE:OZM) last released its quarterly earnings results on Thursday, November 2nd. The asset manager reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.04. The firm had revenue of $125.26 million for the quarter, compared to analysts’ expectations of $101.92 million. Och-Ziff Capital Management Group had a net margin of 3.35% and a negative return on equity of 54.57%. The business’s quarterly revenue was down 9.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.05 earnings per share. equities research analysts forecast that Och-Ziff Capital Management Group will post 0.21 EPS for the current year.

In related news, CAO Erez Elisha sold 47,699 shares of the company’s stock in a transaction on Saturday, December 29th. The shares were sold at an average price of $2.51, for a total value of $119,724.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 60.25% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in OZM. Marshall Wace North America L.P. purchased a new position in Och-Ziff Capital Management Group in the second quarter worth $162,000. Nationwide Fund Advisors purchased a new stake in Och-Ziff Capital Management Group during the second quarter valued at about $193,000. Stonerise Capital Management LLC purchased a new stake in Och-Ziff Capital Management Group during the second quarter valued at about $2,474,000. California Public Employees Retirement System boosted its position in Och-Ziff Capital Management Group by 565.9% during the second quarter. California Public Employees Retirement System now owns 606,000 shares of the asset manager’s stock valued at $1,551,000 after buying an additional 515,000 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in Och-Ziff Capital Management Group by 1.6% during the second quarter. Goldman Sachs Group Inc. now owns 965,999 shares of the asset manager’s stock valued at $2,473,000 after buying an additional 15,557 shares during the period. Institutional investors own 17.14% of the company’s stock.

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Och-Ziff Capital Management Group Company Profile

Och-Ziff Capital Management Group LLC (Och-Ziff) is an institutional alternative asset manager. The Company provides asset management services through its funds, which pursue a range of global investment opportunities. The Company operates through two segments: the Och-Ziff Funds and real estate business.

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