Oaktree Capital Group LLC (NYSE:OAK) – Research analysts at Oppenheimer issued their Q1 2019 earnings per share estimates for shares of Oaktree Capital Group in a research report issued to clients and investors on Monday, October 15th, Zacks Investment Research reports. Oppenheimer analyst L. Rudary expects that the asset manager will post earnings of $0.54 per share for the quarter. Oppenheimer has a “Hold” rating on the stock. Oppenheimer also issued estimates for Oaktree Capital Group’s FY2019 earnings at $2.81 EPS.
Oaktree Capital Group (NYSE:OAK) last announced its earnings results on Thursday, October 25th. The asset manager reported $0.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.29. Oaktree Capital Group had a return on equity of 14.03% and a net margin of 13.96%. The firm had revenue of $320.17 million for the quarter, compared to the consensus estimate of $272.40 million.
Shares of OAK stock traded down $0.01 during mid-day trading on Thursday, hitting $40.85. The company’s stock had a trading volume of 161,757 shares, compared to its average volume of 268,986. Oaktree Capital Group has a 52 week low of $38.65 and a 52 week high of $46.80. The company has a current ratio of 2.30, a quick ratio of 1.88 and a debt-to-equity ratio of 2.60. The firm has a market cap of $6.44 billion, a PE ratio of 10.29, a price-to-earnings-growth ratio of 1.23 and a beta of 0.57.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 13th. Investors of record on Monday, November 5th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 6.85%. This is a positive change from Oaktree Capital Group’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Friday, November 2nd. Oaktree Capital Group’s payout ratio is presently 70.53%.
In other news, Director Ocm Growth Holdings Llc bought 1,006,899 shares of the firm’s stock in a transaction that occurred on Friday, September 14th. The stock was acquired at an average cost of $15.02 per share, with a total value of $15,123,622.98. The purchase was disclosed in a legal filing with the SEC, which is available through this link.
Institutional investors have recently modified their holdings of the stock. Squar Milner Financial Services LLC bought a new stake in Oaktree Capital Group in the 2nd quarter valued at about $102,000. Stelac Advisory Services LLC bought a new stake in Oaktree Capital Group in the 2nd quarter valued at about $118,000. Sei Investments Co. increased its position in Oaktree Capital Group 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 in the last quarter. Whittier Trust Co. bought a new stake in Oaktree Capital Group in the 2nd quarter valued at about $195,000. Finally, EdgePoint Investment Group Inc. bought a new stake in Oaktree Capital Group in the 2nd quarter valued at about $167,000. 26.18% of the stock is owned by institutional investors and hedge funds.
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.
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