Oaktree Capital Management (NYSE:OAK) Director Larry W. Keele sold 17,676 shares of the firm’s stock in a transaction on Friday, May 25th. The stock was sold at an average price of $40.00, for a total transaction of $707,040.00. The sale was disclosed in a document filed with the SEC, which is available through this link.
NYSE OAK opened at $39.85 on Friday. Oaktree Capital Management has a one year low of $38.80 and a one year high of $48.50. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 2.40. The stock has a market capitalization of $6.27 billion, a PE 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 posted its quarterly earnings results on Thursday, April 26th. The asset manager reported $0.93 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.23. Oaktree Capital Management had a net margin of 15.11% and a return on equity of 12.90%. The business had revenue of $451.20 million during the quarter, compared to analyst estimates of $331.82 million. During the same period in the previous year, the business posted $0.86 EPS. The company’s quarterly revenue was up 15.3% on a year-over-year basis. equities analysts forecast that Oaktree Capital Management will post 3.08 EPS for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Sei Investments Co. boosted its holdings in shares of Oaktree Capital Management by 1,310.0% in the 1st quarter. Sei Investments Co. now owns 3,525 shares of the asset manager’s stock valued at $140,000 after buying an additional 3,275 shares during the period. Tower Research Capital LLC TRC acquired a new position in shares of Oaktree Capital Management in the 4th quarter valued at about $175,000. 180 Wealth Advisors LLC acquired a new position in shares of Oaktree Capital Management in the 4th quarter valued at about $201,000. Virtu Financial LLC acquired a new position in shares of Oaktree Capital Management in the 4th quarter valued at about $202,000. Finally, Sterneck Capital Management LLC acquired a new position in shares of Oaktree Capital Management in the 4th quarter valued at about $211,000. 26.00% of the stock is owned by institutional investors and hedge funds.
OAK has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Oaktree Capital Management from a “sell” rating to a “hold” rating in a report on Saturday, March 24th. Morgan Stanley decreased their price objective on shares of Oaktree Capital Management from $60.00 to $57.00 and set an “overweight” rating for the company in a report on Thursday, March 1st. Deutsche Bank decreased their price objective on shares of Oaktree Capital Management from $44.00 to $42.00 and set a “hold” rating for the company in a report on Friday, April 6th. JPMorgan Chase & Co. decreased their price objective on shares of Oaktree Capital Management from $53.00 to $51.00 and set a “neutral” rating for the company in a report on Tuesday, February 13th. Finally, ValuEngine lowered shares of Oaktree Capital Management from a “buy” rating to a “hold” rating in a report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $49.40.
About Oaktree Capital Management
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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