Oaktree Capital Group LLC (NYSE:OAK) major shareholder Oaktree Capital Management Lp bought 60,000 shares of Oaktree Capital Group stock in a transaction on Friday, February 9th. The shares were bought at an average price of $5.12 per share, for a total transaction of $307,200.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Oaktree Capital Management Lp also recently made the following trade(s):

  • On Tuesday, February 13th, Oaktree Capital Management Lp bought 40,000 shares of Oaktree Capital Group stock. The shares were bought at an average price of $5.81 per share, for a total transaction of $232,400.00.
  • On Tuesday, February 6th, Oaktree Capital Management Lp bought 84,054 shares of Oaktree Capital Group stock. The shares were bought at an average price of $5.22 per share, for a total transaction of $438,761.88.
  • On Wednesday, December 13th, Oaktree Capital Management Lp bought 28,800 shares of Oaktree Capital Group stock. The shares were bought at an average price of $8.63 per share, for a total transaction of $248,544.00.

Shares of Oaktree Capital Group LLC (NYSE:OAK) opened at $42.65 on Wednesday. The company has a market capitalization of $6,678.19, a PE ratio of 10.74, a PEG ratio of 0.95 and a beta of 0.62. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 2.37. Oaktree Capital Group LLC has a 1 year low of $41.10 and a 1 year high of $48.50.

Oaktree Capital Group (NYSE:OAK) last released its quarterly earnings results on Tuesday, February 6th. The asset manager reported $0.72 EPS for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.17. The company had revenue of $327.40 million for the quarter, compared to analyst estimates of $286.45 million. Oaktree Capital Group had a return on equity of 18.06% and a net margin of 15.75%. Oaktree Capital Group’s revenue was down 6.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.91 earnings per share. research analysts forecast that Oaktree Capital Group LLC will post 3.48 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Friday, February 16th will be given a dividend of $0.76 per share. The ex-dividend date is Thursday, February 15th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 7.13%. This is a positive change from Oaktree Capital Group’s previous quarterly dividend of $0.56. Oaktree Capital Group’s dividend payout ratio (DPR) is currently 61.88%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OAK. Stelac Advisory Services LLC acquired a new stake in shares of Oaktree Capital Group during the third quarter worth about $113,000. Carroll Financial Associates Inc. raised its position in shares of Oaktree Capital Group by 200.0% during the fourth quarter. Carroll Financial Associates Inc. now owns 3,000 shares of the asset manager’s stock worth $126,000 after purchasing an additional 2,000 shares during the period. IFP Advisors Inc raised its position in Oaktree Capital Group by 698.4% in the 3rd quarter. IFP Advisors Inc now owns 3,545 shares of the asset manager’s stock valued at $167,000 after buying an additional 3,101 shares during the last quarter. Tower Research Capital LLC TRC acquired a new stake in Oaktree Capital Group in the 4th quarter valued at approximately $175,000. Finally, North Star Investment Management Corp. raised its position in Oaktree Capital Group by 235.3% in the 4th quarter. North Star Investment Management Corp. now owns 4,208 shares of the asset manager’s stock valued at $177,000 after buying an additional 2,953 shares during the last quarter. 22.61% of the stock is currently owned by institutional investors.

A number of brokerages have issued reports on OAK. Zacks Investment Research cut Oaktree Capital Group from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. TheStreet lowered Oaktree Capital Group from a “b-” rating to a “c+” rating in a research report on Friday, November 17th. ValuEngine lowered Oaktree Capital Group from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Finally, JPMorgan Chase & Co. dropped their price target on Oaktree Capital Group from $53.00 to $51.00 and set a “neutral” rating on the stock in a research report on Tuesday. One analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $49.80.

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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.

Insider Buying and Selling by Quarter for Oaktree Capital Group (NYSE:OAK)

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