Shares of Och-Ziff Capital Management Group LLC (NYSE:OZM) have been assigned a consensus recommendation of “Hold” from the six brokerages that are currently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $3.58.
A number of brokerages have recently issued reports on OZM. ValuEngine cut Och-Ziff Capital Management Group from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Zacks Investment Research upgraded Och-Ziff Capital Management Group from a “hold” rating to a “buy” rating and set a $2.75 price objective for the company in a report on Thursday, January 4th. Citigroup upgraded Och-Ziff Capital Management Group from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $2.90 to $4.50 in a report on Tuesday, February 20th. Finally, Keefe, Bruyette & Woods restated a “hold” rating on shares of Och-Ziff Capital Management Group in a report on Friday, February 23rd.
In other news, CAO Erez Elisha sold 47,699 shares of Och-Ziff Capital Management Group stock in a transaction that occurred on Friday, December 29th. The shares were sold at an average price of $2.51, for a total value of $119,724.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 60.25% of the company’s stock.
Och-Ziff Capital Management Group (NYSE OZM) traded down $0.06 during trading on Friday, reaching $2.76. The company had a trading volume of 109,031 shares, compared to its average volume of 792,713. Och-Ziff Capital Management Group has a fifty-two week low of $2.15 and a fifty-two week high of $3.95. The company has a debt-to-equity ratio of -5.94, a current ratio of 2.80 and a quick ratio of 2.80. The company has a market capitalization of $1,390.00, a PE ratio of 1.77 and a beta of 1.06.
Och-Ziff Capital Management Group (NYSE:OZM) last posted its quarterly earnings results on Friday, February 16th. The asset manager reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.06. Och-Ziff Capital Management Group had a negative return on equity of 136.75% and a net margin of 2.46%. The business had revenue of $438.24 million during the quarter, compared to analysts’ expectations of $450.09 million. During the same quarter last year, the company posted $0.01 earnings per share. Och-Ziff Capital Management Group’s quarterly revenue was up 55.8% on a year-over-year basis. sell-side analysts anticipate that Och-Ziff Capital Management Group will post 0.4 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 5th. Stockholders of record on Monday, February 26th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 10.14%. The ex-dividend date of this dividend was Friday, February 23rd. Och-Ziff Capital Management Group’s dividend payout ratio is presently 17.83%.
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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