Och-Ziff Capital Management Group LLC (OZM) CFO Thomas Michael Sipp Sells 19,531 Shares

Och-Ziff Capital Management Group LLC (NYSE:OZM) CFO Thomas Michael Sipp sold 19,531 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $17.95, for a total value of $350,581.45. Following the sale, the chief financial officer now owns 62,896 shares of the company’s stock, valued at $1,128,983.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Thomas Michael Sipp also recently made the following trade(s):

  • On Friday, May 10th, Thomas Michael Sipp sold 26,416 shares of Och-Ziff Capital Management Group stock. The shares were sold at an average price of $16.70, for a total value of $441,147.20.
  • On Friday, May 3rd, Thomas Michael Sipp sold 3,537 shares of Och-Ziff Capital Management Group stock. The shares were sold at an average price of $15.57, for a total value of $55,071.09.
  • On Tuesday, May 7th, Thomas Michael Sipp sold 9,242 shares of Och-Ziff Capital Management Group stock. The shares were sold at an average price of $15.83, for a total value of $146,300.86.

NYSE:OZM traded up $1.11 during mid-day trading on Wednesday, reaching $19.52. The stock had a trading volume of 269,565 shares, compared to its average volume of 93,117. The company has a market capitalization of $931.63 million, a price-to-earnings ratio of 16.68 and a beta of 1.33. Och-Ziff Capital Management Group LLC has a 1-year low of $8.60 and a 1-year high of $23.00. The company has a debt-to-equity ratio of 5.03, a quick ratio of 1.93 and a current ratio of 1.93.

Och-Ziff Capital Management Group (NYSE:OZM) last posted its quarterly earnings results on Thursday, March 7th. The asset manager reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.19). The firm had revenue of $166.42 million during the quarter, compared to analyst estimates of $145.79 million. Och-Ziff Capital Management Group had a positive return on equity of 58.10% and a negative net margin of 6.98%. On average, equities research analysts forecast that Och-Ziff Capital Management Group LLC will post 1.88 EPS for the current fiscal year.

The company also recently declared a special dividend, which will be paid on Tuesday, May 28th. Investors of record on Monday, May 20th will be paid a $0.37 dividend. The ex-dividend date is Friday, May 17th. This represents a yield of 5.25%. Och-Ziff Capital Management Group’s dividend payout ratio (DPR) is 78.63%.

A number of large investors have recently bought and sold shares of OZM. Nwam LLC lifted its stake in shares of Och-Ziff Capital Management Group by 9.2% during the 4th quarter. Nwam LLC now owns 39,384 shares of the asset manager’s stock worth $36,000 after purchasing an additional 3,334 shares during the period. Creative Planning lifted its stake in shares of Och-Ziff Capital Management Group by 4.5% during the 4th quarter. Creative Planning now owns 41,256 shares of the asset manager’s stock worth $38,000 after purchasing an additional 1,792 shares during the period. CWM Advisors LLC lifted its stake in shares of Och-Ziff Capital Management Group by 2.7% during the 4th quarter. CWM Advisors LLC now owns 70,392 shares of the asset manager’s stock worth $65,000 after purchasing an additional 1,870 shares during the period. Caz Investments LP lifted its stake in shares of Och-Ziff Capital Management Group by 100.0% during the 4th quarter. Caz Investments LP now owns 250,000 shares of the asset manager’s stock worth $230,000 after purchasing an additional 125,000 shares during the period. Finally, Searle & CO. lifted its stake in shares of Och-Ziff Capital Management Group by 13.8% during the 4th quarter. Searle & CO. now owns 205,700 shares of the asset manager’s stock worth $189,000 after purchasing an additional 25,000 shares during the period.

Several analysts have recently weighed in on the company. Zacks Investment Research upgraded Och-Ziff Capital Management Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday. ValuEngine upgraded Och-Ziff Capital Management Group from a “sell” rating to a “hold” rating in a research note on Thursday, January 31st.

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About Och-Ziff Capital Management Group

Och-Ziff Capital Management Group LLC is a publicly owned hedge fund sponsor. The firm provides investment advisory services for its clients. It primarily caters to institutional investors which include pension funds, fund-of-funds, foundations and endowments, corporations and other institutions, private banks and family offices.

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Insider Buying and Selling by Quarter for Och-Ziff Capital Management Group (NYSE:OZM)

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