Mainstay Capital Management LLC ADV Buys 23,790 Shares of Oaktree Capital Group LLC (OAK)

Share on StockTwits

Mainstay Capital Management LLC ADV grew its holdings in Oaktree Capital Group LLC (NYSE:OAK) by 3,965.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,390 shares of the asset manager’s stock after buying an additional 23,790 shares during the quarter. Mainstay Capital Management LLC ADV’s holdings in Oaktree Capital Group were worth $600,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of OAK. Brown Advisory Inc. raised its holdings in Oaktree Capital Group by 4.1% during the first quarter. Brown Advisory Inc. now owns 36,467 shares of the asset manager’s stock worth $1,445,000 after purchasing an additional 1,450 shares during the last quarter. Washington Capital Management Inc. raised its holdings in Oaktree Capital Group by 14.4% during the second quarter. Washington Capital Management Inc. now owns 11,900 shares of the asset manager’s stock worth $484,000 after purchasing an additional 1,500 shares during the last quarter. Clinton Group Inc. raised its holdings in Oaktree Capital Group by 2.4% during the first quarter. Clinton Group Inc. now owns 63,657 shares of the asset manager’s stock worth $2,521,000 after purchasing an additional 1,520 shares during the last quarter. Mckinley Capital Management LLC Delaware increased its position in Oaktree Capital Group by 5.1% during the second quarter. Mckinley Capital Management LLC Delaware now owns 32,346 shares of the asset manager’s stock worth $1,315,000 after buying an additional 1,583 shares in the last quarter. Finally, Westpac Banking Corp increased its position in Oaktree Capital Group by 1.1% during the second quarter. Westpac Banking Corp now owns 146,012 shares of the asset manager’s stock worth $5,935,000 after buying an additional 1,612 shares in the last quarter. 26.25% of the stock is owned by institutional investors and hedge funds.

Shares of OAK traded up $0.56 during midday trading on Friday, reaching $40.57. 151,607 shares of the company were exchanged, compared to its average volume of 294,360. The stock has a market cap of $6.51 billion, a PE ratio of 10.22, a P/E/G ratio of 1.02 and a beta of 0.71. Oaktree Capital Group LLC has a 1-year low of $38.65 and a 1-year high of $47.80. The company has a debt-to-equity ratio of 2.49, a current ratio of 1.88 and a quick ratio of 1.88.

Oaktree Capital Group (NYSE:OAK) last issued its quarterly earnings data on Thursday, July 26th. The asset manager reported $0.51 EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.02). The company had revenue of $273.53 million for the quarter, compared to analyst estimates of $276.75 million. Oaktree Capital Group had a return on equity of 9.38% and a net margin of 13.05%. The company’s revenue for the quarter was down 61.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.73 EPS. On average, research analysts anticipate that Oaktree Capital Group LLC will post 2.69 earnings per share for the current year.

In related news, Director Larry W. Keele sold 8,333 shares of the business’s stock in a transaction dated Thursday, August 9th. The stock was sold at an average price of $41.40, for a total value of $344,986.20. Following the transaction, the director now owns 8,656 shares in the company, valued at $358,358.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Ocm Growth Holdings Llc purchased 1,006,899 shares of the business’s stock in a transaction that occurred on Friday, September 14th. The stock was acquired at an average price of $15.02 per share, for a total transaction of $15,123,622.98. The disclosure for this purchase can be found here.

OAK has been the subject of several recent research reports. TheStreet downgraded Oaktree Capital Group from a “b-” rating to a “c+” rating in a research report on Tuesday, August 21st. Morgan Stanley dropped their price target on Oaktree Capital Group from $48.00 to $47.00 and set a “buy” rating for the company in a research report on Tuesday. Credit Suisse Group dropped their price target on Oaktree Capital Group from $45.00 to $44.00 and set a “neutral” rating for the company in a research report on Friday, July 27th. JPMorgan Chase & Co. lowered their price objective on Oaktree Capital Group from $50.00 to $47.00 and set a “neutral” rating for the company in a research report on Friday, July 27th. Finally, Zacks Investment Research downgraded Oaktree Capital Group from a “buy” rating to a “hold” rating in a research report on Friday, July 13th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $45.20.

About Oaktree Capital Group

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.

Featured Article: Penny Stocks

Institutional Ownership 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.