Och-Ziff Capital Management Group LLC (OZM) Position Trimmed by Gabelli Funds LLC

Gabelli Funds LLC trimmed its holdings in shares of Och-Ziff Capital Management Group LLC (NYSE:OZM) by 17.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,102,067 shares of the asset manager’s stock after selling 227,933 shares during the period. Gabelli Funds LLC owned approximately 0.60% of Och-Ziff Capital Management Group worth $3,549,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Odey Asset Management Group Ltd increased its position in Och-Ziff Capital Management Group by 1.3% in the 2nd quarter. Odey Asset Management Group Ltd now owns 7,211,519 shares of the asset manager’s stock worth $18,461,000 after purchasing an additional 91,000 shares during the last quarter. Bank of America Corp DE increased its position in Och-Ziff Capital Management Group by 10.3% in the 1st quarter. Bank of America Corp DE now owns 3,785,923 shares of the asset manager’s stock worth $8,556,000 after purchasing an additional 353,276 shares during the last quarter. Artemis Investment Management LLP increased its position in Och-Ziff Capital Management Group by 18.2% in the 3rd quarter. Artemis Investment Management LLP now owns 3,240,000 shares of the asset manager’s stock worth $10,384,000 after purchasing an additional 500,000 shares during the last quarter. Glacier Peak Capital LLC increased its position in Och-Ziff Capital Management Group by 42.5% in the 2nd quarter. Glacier Peak Capital LLC now owns 2,039,388 shares of the asset manager’s stock worth $5,221,000 after purchasing an additional 608,468 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in Och-Ziff Capital Management Group in the 2nd quarter worth about $5,120,000. 16.97% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Och-Ziff Capital Management Group LLC (NYSE OZM) opened at $3.11 on Tuesday. The stock has a market capitalization of $1,695.02, a PE ratio of 12.92 and a beta of 1.33. Och-Ziff Capital Management Group LLC has a 52 week low of $2.15 and a 52 week high of $3.95. The company has a debt-to-equity ratio of -2.61, a quick ratio of 1.57 and a current ratio of 1.57.

Och-Ziff Capital Management Group (NYSE:OZM) last released its quarterly earnings results on Thursday, November 2nd. The asset manager reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.04. The company had revenue of $125.26 million during the quarter, compared to the consensus estimate of $101.92 million. Och-Ziff Capital Management Group had a negative return on equity of 54.57% and a net margin of 3.35%. The firm’s revenue was down 9.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.05 EPS. research analysts expect that Och-Ziff Capital Management Group LLC will post 0.2 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Monday, November 13th will be paid a dividend of $0.02 per share. The ex-dividend date of this dividend is Friday, November 10th. This represents a $0.08 annualized dividend and a dividend yield of 2.57%. Och-Ziff Capital Management Group’s dividend payout ratio (DPR) is presently 100.01%.

OZM has been the topic of several research reports. BidaskClub lowered Och-Ziff Capital Management Group from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $3.25 target price on shares of Och-Ziff Capital Management Group in a research report on Tuesday, September 5th. Jefferies Group LLC upped their target price on Och-Ziff Capital Management Group from $3.00 to $3.50 and gave the stock a “hold” rating in a research report on Wednesday, October 4th. Zacks Investment Research lowered Och-Ziff Capital Management Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 5th. Finally, ValuEngine downgraded Och-Ziff Capital Management Group from a “buy” rating to a “hold” rating in a research note on Saturday, November 4th. Seven research analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and an average target price of $3.25.

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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.

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Institutional Ownership by Quarter for Och-Ziff Capital Management Group (NYSE:OZM)

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