Och-Ziff Capital Management Group (OZM) Announces Earnings Results

Och-Ziff Capital Management Group (NYSE:OZM) issued its quarterly earnings results on Friday. The asset manager reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.06, Bloomberg Earnings reports. Och-Ziff Capital Management Group had a net margin of 3.35% and a negative return on equity of 54.57%. The business had revenue of $438.24 million for the quarter, compared to analysts’ expectations of $450.09 million. During the same period last year, the business earned $0.01 earnings per share. The business’s quarterly revenue was up 55.8% on a year-over-year basis.

Shares of Och-Ziff Capital Management Group (NYSE:OZM) traded up $0.14 during midday trading on Friday, reaching $2.59. 1,081,470 shares of the company’s stock were exchanged, compared to its average volume of 896,736. Och-Ziff Capital Management Group has a twelve month low of $2.15 and a twelve month high of $3.95. The company has a debt-to-equity ratio of -2.61, a current ratio of 1.57 and a quick ratio of 1.57. The company has a market capitalization of $1,360.00, a PE ratio of 32.38 and a beta of 1.21.

The firm also recently declared a dividend, which will be paid on Monday, March 5th. Shareholders of record on Monday, February 26th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, February 23rd. Och-Ziff Capital Management Group’s payout ratio is currently 100.00%.

A number of research analysts have commented on the stock. Zacks Investment Research cut shares of Och-Ziff Capital Management Group from a “hold” rating to a “sell” rating in a research report on Thursday, January 11th. ValuEngine cut shares of Och-Ziff Capital Management Group from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The company currently has an average rating of “Hold” and an average price target of $3.17.

In other news, CAO Erez Elisha sold 47,699 shares of the stock in a transaction that occurred on Friday, December 29th. The stock was sold at an average price of $2.51, for a total transaction of $119,724.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 60.25% of the stock is owned by company insiders.

Several large investors have recently added to or reduced their stakes in OZM. Citadel Advisors LLC boosted its stake in shares of Och-Ziff Capital Management Group by 677.8% during the fourth quarter. Citadel Advisors LLC now owns 48,225 shares of the asset manager’s stock valued at $121,000 after purchasing an additional 42,025 shares during the period. LPL Financial LLC boosted its stake in shares of Och-Ziff Capital Management Group by 125.2% during the fourth quarter. LPL Financial LLC now owns 53,958 shares of the asset manager’s stock valued at $135,000 after purchasing an additional 30,000 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Och-Ziff Capital Management Group during the fourth quarter valued at approximately $174,000. Bourgeon Capital Management LLC boosted its stake in shares of Och-Ziff Capital Management Group by 250.0% during the fourth quarter. Bourgeon Capital Management LLC now owns 70,000 shares of the asset manager’s stock valued at $175,000 after purchasing an additional 50,000 shares during the period. Finally, Nationwide Fund Advisors purchased a new stake in shares of Och-Ziff Capital Management Group during the second quarter valued at approximately $193,000. 16.70% of the stock is owned by hedge funds and other institutional investors.

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About Och-Ziff Capital Management Group

Och-Ziff Capital Management Group LLC (Och-Ziff) is an institutional alternative asset manager. The Company provides asset management services through its funds, which pursue a range of global investment opportunities. The Company operates through two segments: the Och-Ziff Funds and real estate business.

Earnings History for Och-Ziff Capital Management Group (NYSE:OZM)

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