Oaktree Capital Group LLC Unit (OAK) Sets New 52-Week High at $50.22

Oaktree Capital Group LLC Unit (NYSE:OAK) hit a new 52-week high during trading on Monday . The company traded as high as $50.22 and last traded at $50.25, with a volume of 49345 shares traded. The stock had previously closed at $50.06.

A number of equities research analysts have recently commented on OAK shares. Zacks Investment Research raised shares of Oaktree Capital Group LLC Unit from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research note on Friday, February 15th. ValuEngine raised shares of Oaktree Capital Group LLC Unit from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. Morgan Stanley cut shares of Oaktree Capital Group LLC Unit from an “overweight” rating to an “equal weight” rating in a research note on Thursday, March 14th. Finally, Wells Fargo & Co raised their price objective on shares of Oaktree Capital Group LLC Unit from $44.00 to $49.00 and gave the stock a “market perform” rating in a research note on Thursday, March 14th. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $46.50.

The company has a debt-to-equity ratio of 2.75, a current ratio of 2.11 and a quick ratio of 2.11. The firm has a market capitalization of $7.90 billion, a P/E ratio of 19.00, a price-to-earnings-growth ratio of 1.38 and a beta of 0.54.

Oaktree Capital Group LLC Unit (NYSE:OAK) last posted its quarterly earnings results on Tuesday, February 5th. The asset manager reported $0.43 EPS for the quarter, topping the consensus estimate of $0.41 by $0.02. Oaktree Capital Group LLC Unit had a return on equity of 16.17% and a net margin of 16.12%. The business had revenue of $290.17 million for the quarter, compared to analyst estimates of $244.20 million. During the same quarter in the previous year, the firm earned $0.72 EPS. The company’s quarterly revenue was down 11.4% compared to the same quarter last year. Analysts expect that Oaktree Capital Group LLC Unit will post 3.42 earnings per share for the current year.

In related news, major shareholder Oaktree Capital Group Holdings purchased 32,516 shares of Oaktree Capital Group LLC Unit stock in a transaction dated Tuesday, April 2nd. The shares were acquired at an average price of $4.69 per share, for a total transaction of $152,500.04. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last quarter, insiders have bought 147,938 shares of company stock worth $675,376.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. D.A. Davidson & CO. increased its position in shares of Oaktree Capital Group LLC Unit by 2.4% during the 4th quarter. D.A. Davidson & CO. now owns 16,915 shares of the asset manager’s stock worth $672,000 after purchasing an additional 392 shares during the last quarter. North Star Investment Management Corp. increased its position in shares of Oaktree Capital Group LLC Unit by 9.2% during the 1st quarter. North Star Investment Management Corp. now owns 5,460 shares of the asset manager’s stock worth $271,000 after purchasing an additional 460 shares during the last quarter. Cordasco Financial Network acquired a new stake in shares of Oaktree Capital Group LLC Unit during the 1st quarter worth about $35,000. Carroll Financial Associates Inc. acquired a new stake in shares of Oaktree Capital Group LLC Unit during the 4th quarter worth about $33,000. Finally, DDD Partners LLC increased its position in shares of Oaktree Capital Group LLC Unit by 2.2% during the 4th quarter. DDD Partners LLC now owns 41,468 shares of the asset manager’s stock worth $1,648,000 after purchasing an additional 900 shares during the last quarter. Institutional investors and hedge funds own 28.20% of the company’s stock.

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Oaktree Capital Group LLC Unit Company Profile (NYSE:OAK)

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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