Larry W. Keele Sells 17,676 Shares of Oaktree Capital Management (OAK) Stock

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.



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

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.

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

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