Oaktree Capital Management (OAK) Director Sells $843,810.90 in Stock

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.



The company also recently declared a quarterly dividend, which was paid on Friday, May 11th. Stockholders of record on Monday, May 7th were issued a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 9.64%. This is a positive change from Oaktree Capital Management’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend was Friday, May 4th. Oaktree Capital Management’s payout ratio is currently 96.73%.

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.

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

Receive News & Ratings for Oaktree Capital Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oaktree Capital Management and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply