Oaktree Capital Management (NYSE:OAK) Director Larry W. Keele sold 21,090 shares of Oaktree Capital Management stock in a transaction dated Tuesday, May 22nd. The shares were sold at an average price of $40.01, for a total value of $843,810.90. Following the transaction, the director now directly owns 43,415 shares in the company, valued at approximately $1,737,034.15. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Oaktree Capital Management opened at $39.85 on Friday, Marketbeat Ratings reports. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.85 and a current ratio of 1.85. Oaktree Capital Management has a fifty-two week low of $38.80 and a fifty-two week high of $48.50. The stock has a market cap of $6.28 billion, a price-to-earnings ratio of 10.04, a price-to-earnings-growth ratio of 0.86 and a beta of 0.69.
Oaktree Capital Management (NYSE:OAK) last announced its quarterly earnings results on Thursday, April 26th. The asset manager reported $0.93 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.23. The business had revenue of $451.20 million during the quarter, compared to analyst estimates of $331.82 million. Oaktree Capital Management had a return on equity of 12.90% and a net margin of 15.11%. The firm’s revenue was up 15.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.86 EPS. equities analysts forecast that Oaktree Capital Management will post 3.08 earnings per share for the current fiscal year.
Several research firms have weighed in on OAK. ValuEngine cut Oaktree Capital Management from a “buy” rating to a “hold” rating in a research note on Thursday, February 15th. Zacks Investment Research cut Oaktree Capital Management from a “hold” rating to a “sell” rating in a research note on Tuesday, February 13th. Morgan Stanley lowered their target price on Oaktree Capital Management from $60.00 to $57.00 and set an “overweight” rating on the stock in a research note on Thursday, March 1st. Keefe, Bruyette & Woods cut Oaktree Capital Management from an “outperform” rating to a “market perform” rating in a research note on Friday, April 27th. Finally, Deutsche Bank lowered their target price on Oaktree Capital Management from $44.00 to $42.00 and set a “hold” rating on the stock in a research note on Friday, April 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. Oaktree Capital Management has an average rating of “Hold” and a consensus target price of $49.40.
Institutional investors have recently made changes to their positions in the company. Oak Grove Capital LLC acquired a new stake in shares of Oaktree Capital Management during the 4th quarter valued at about $3,513,000. Mackenzie Financial Corp lifted its holdings in shares of Oaktree Capital Management by 45.1% during the 4th quarter. Mackenzie Financial Corp now owns 1,189,792 shares of the asset manager’s stock valued at $50,090,000 after buying an additional 369,700 shares during the last quarter. Sterneck Capital Management LLC acquired a new stake in shares of Oaktree Capital Management during the 4th quarter valued at about $211,000. Two Sigma Securities LLC acquired a new stake in shares of Oaktree Capital Management during the 4th quarter valued at about $556,000. Finally, Steinberg Global Asset Management lifted its holdings in shares of Oaktree Capital Management by 5.4% during the 4th quarter. Steinberg Global Asset Management now owns 93,789 shares of the asset manager’s stock valued at $3,949,000 after buying an additional 4,828 shares during the last quarter. Institutional investors and hedge funds own 26.00% of the company’s stock.
Oaktree Capital Management Company Profile
Oaktree Capital Group, LLC operates as a global investment management firm that focuses on alternative markets. It manage investments in a number of strategies within six asset classes, including distressed debt; corporate debt, including high yield debt and senior loans; control investing; convertible securities; real estate; and listed equities.
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