Oaktree Capital Group LLC (NYSE:OAK) Major Shareholder Acquires $213,048.00 in Stock

Share on StockTwits

Oaktree Capital Group LLC (NYSE:OAK) major shareholder Oaktree Capital Management Lp bought 26,900 shares of Oaktree Capital Group stock in a transaction dated Thursday, March 8th. The shares were bought at an average cost of $7.92 per share, with a total value of $213,048.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own at least 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 Monday, April 2nd, Oaktree Capital Management Lp bought 72,908 shares of Oaktree Capital Group stock. The shares were bought at an average cost of $6.04 per share, with a total value of $440,364.32.
  • On Thursday, March 29th, Oaktree Capital Management Lp bought 99,961 shares of Oaktree Capital Group stock. The shares were bought at an average cost of $6.15 per share, with a total value of $614,760.15.
  • On Tuesday, March 6th, Oaktree Capital Management Lp bought 26,900 shares of Oaktree Capital Group stock. The shares were bought at an average cost of $7.74 per share, with a total value of $208,206.00.
  • On Friday, March 2nd, Oaktree Capital Management Lp bought 12,373 shares of Oaktree Capital Group stock. The shares were bought at an average cost of $6.00 per share, with a total value of $74,238.00.
  • On Monday, February 26th, Oaktree Capital Management Lp bought 24,900 shares of Oaktree Capital Group stock. The shares were bought at an average cost of $7.83 per share, with a total value of $194,967.00.
  • On Thursday, February 22nd, Oaktree Capital Management Lp bought 23,700 shares of Oaktree Capital Group stock. The shares were bought at an average cost of $7.72 per share, with a total value of $182,964.00.
  • On Tuesday, February 20th, Oaktree Capital Management Lp purchased 23,700 shares of Oaktree Capital Group stock. The shares were acquired at an average cost of $7.66 per share, for a total transaction of $181,542.00.
  • On Thursday, February 15th, Oaktree Capital Management Lp purchased 34,400 shares of Oaktree Capital Group stock. The shares were acquired at an average cost of $5.87 per share, for a total transaction of $201,928.00.
  • On Tuesday, February 13th, Oaktree Capital Management Lp purchased 40,000 shares of Oaktree Capital Group stock. The shares were acquired at an average cost of $5.81 per share, for a total transaction of $232,400.00.
  • On Friday, February 9th, Oaktree Capital Management Lp purchased 60,000 shares of Oaktree Capital Group stock. The shares were acquired at an average cost of $5.12 per share, for a total transaction of $307,200.00.

OAK stock traded down $0.10 during mid-day trading on Friday, hitting $39.40. The stock had a trading volume of 460,220 shares, compared to its average volume of 378,922. The company has a debt-to-equity ratio of 2.39, a current ratio of 6.04 and a quick ratio of 6.04. Oaktree Capital Group LLC has a 1-year low of $38.80 and a 1-year high of $48.50. The firm has a market cap of $6,172.47, a P/E ratio of 9.92, a PEG ratio of 0.90 and a beta of 0.69.

Oaktree Capital Group (NYSE:OAK) last issued its earnings results on Tuesday, February 6th. The asset manager reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.17. Oaktree Capital Group had a return on equity of 18.04% and a net margin of 15.75%. The company had revenue of $327.40 million for the quarter, compared to analyst estimates of $286.45 million. During the same period in the prior year, the firm posted $0.91 EPS. The business’s revenue was down 6.8% compared to the same quarter last year. research analysts expect that Oaktree Capital Group LLC will post 3.42 EPS for the current year.

Several research analysts recently weighed in on OAK shares. Zacks Investment Research lowered Oaktree Capital Group from a “hold” rating to a “sell” rating in a research report on Tuesday, February 13th. ValuEngine lowered Oaktree Capital Group from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Morgan Stanley dropped their price target on Oaktree Capital Group from $60.00 to $57.00 and set an “overweight” rating on the stock in a research report on Thursday, March 1st. JPMorgan Chase 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, February 13th. Finally, Deutsche Bank dropped their price target on Oaktree Capital Group from $44.00 to $42.00 and set a “hold” rating on the stock in a research report on Friday. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $49.60.

Hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. increased its position in Oaktree Capital Group by 5.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,389,230 shares of the asset manager’s stock worth $65,016,000 after purchasing an additional 67,825 shares during the last quarter. Ardevora Asset Management LLP boosted its stake in shares of Oaktree Capital Group by 2.1% during the 3rd quarter. Ardevora Asset Management LLP now owns 758,200 shares of the asset manager’s stock worth $35,673,000 after acquiring an additional 15,800 shares in the last quarter. Oak Grove Capital LLC bought a new stake in shares of Oaktree Capital Group during the 4th quarter worth about $3,513,000. Mackenzie Financial Corp boosted its stake in shares of Oaktree Capital Group by 45.1% during the 4th quarter. Mackenzie Financial Corp now owns 1,189,792 shares of the asset manager’s stock worth $50,090,000 after acquiring an additional 369,700 shares in the last quarter. Finally, Thornburg Investment Management Inc. boosted its stake in shares of Oaktree Capital Group by 4.3% during the 3rd quarter. Thornburg Investment Management Inc. now owns 749,057 shares of the asset manager’s stock worth $35,243,000 after acquiring an additional 30,598 shares in the last quarter. 22.95% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: This report was originally published by BBNS and is the sole property of of BBNS. If you are reading this report on another website, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright legislation. The legal version of this report can be read at https://baseballnewssource.com/2018/04/06/insider-buying-oaktree-capital-group-llc-oak-major-shareholder-acquires-213048-00-in-stock/2037435.html.

Oaktree Capital Group 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 Group (NYSE:OAK)

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

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.