Oaktree Capital Group (OAK) Rating Increased to B- at TheStreet

Oaktree Capital Group (NYSE:OAK) was upgraded by analysts at TheStreet from a “c+” rating to a “b-” rating in a research note issued to investors on Thursday.

A number of other brokerages have also commented on OAK. JPMorgan Chase & Co. lifted their price target on shares of Oaktree Capital Group from $47.00 to $50.00 and gave the stock a “neutral” rating in a report on Wednesday, October 24th. Morgan Stanley dropped their target price on shares of Oaktree Capital Group from $51.00 to $48.00 and set an “overweight” rating on the stock in a report on Tuesday, August 14th. ValuEngine upgraded shares of Oaktree Capital Group from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 31st. Deutsche Bank dropped their target price on shares of Oaktree Capital Group from $41.00 to $39.00 and set a “hold” rating on the stock in a report on Friday. Finally, Oppenheimer restated a “hold” rating on shares of Oaktree Capital Group in a report on Monday, July 30th. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $45.40.

Shares of NYSE:OAK traded down $0.34 during mid-day trading on Thursday, reaching $39.99. 167,575 shares of the company’s stock were exchanged, compared to its average volume of 277,685. The firm has a market cap of $6.42 billion, a PE ratio of 10.07, a price-to-earnings-growth ratio of 1.22 and a beta of 0.57. The company has a debt-to-equity ratio of 2.60, a quick ratio of 2.30 and a current ratio of 2.30. Oaktree Capital Group has a twelve month low of $38.65 and a twelve month high of $46.80.

Oaktree Capital Group (NYSE:OAK) last issued its quarterly earnings results on Thursday, October 25th. The asset manager reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.29. The company had revenue of $320.17 million for the quarter, compared to analyst estimates of $272.40 million. Oaktree Capital Group had a net margin of 13.96% and a return on equity of 14.03%. Sell-side analysts forecast that Oaktree Capital Group will post 2.93 EPS for the current year.

In other news, Director Ocm Growth Holdings Llc bought 1,006,899 shares of the company’s stock in a transaction that occurred on Friday, September 14th. The shares were acquired at an average price of $15.02 per share, for a total transaction of $15,123,622.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Institutional investors and hedge funds have recently bought and sold shares of the business. Burgundy Asset Management Ltd. increased its stake in Oaktree Capital Group by 6.1% in the second quarter. Burgundy Asset Management Ltd. now owns 424,291 shares of the asset manager’s stock valued at $17,247,000 after purchasing an additional 24,469 shares in the last quarter. Royce & Associates LP increased its stake in Oaktree Capital Group by 115.2% in the second quarter. Royce & Associates LP now owns 339,007 shares of the asset manager’s stock valued at $13,781,000 after purchasing an additional 181,490 shares in the last quarter. Beck Mack & Oliver LLC increased its stake in Oaktree Capital Group by 2.0% in the second quarter. Beck Mack & Oliver LLC now owns 231,570 shares of the asset manager’s stock valued at $9,413,000 after purchasing an additional 4,575 shares in the last quarter. Alps Advisors Inc. bought a new stake in Oaktree Capital Group in the second quarter valued at $439,000. Finally, K.J. Harrison & Partners Inc increased its stake in Oaktree Capital Group by 66.0% in the second quarter. K.J. Harrison & Partners Inc now owns 21,910 shares of the asset manager’s stock valued at $891,000 after purchasing an additional 8,710 shares in the last quarter. 26.14% of the stock is owned by hedge funds and other institutional investors.

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.

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