Oaktree Capital Group LLC Unit (NYSE:OAK) Major Shareholder Acquires 32,509 Shares

Oaktree Capital Group LLC Unit (NYSE:OAK) major shareholder Oaktree Capital Group Holdings acquired 32,509 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were purchased at an average price of $4.62 per share, with a total value of $150,191.58. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Oaktree Capital Group Holdings also recently made the following trade(s):

  • On Wednesday, June 12th, Oaktree Capital Group Holdings purchased 27,300 shares of Oaktree Capital Group LLC Unit stock. The stock was bought at an average price of $4.67 per share, with a total value of $127,491.00.
  • On Wednesday, June 5th, Oaktree Capital Group Holdings purchased 500,000 shares of Oaktree Capital Group LLC Unit stock. The stock was bought at an average price of $4.70 per share, with a total value of $2,350,000.00.
  • On Monday, June 3rd, Oaktree Capital Group Holdings purchased 76,800 shares of Oaktree Capital Group LLC Unit stock. The stock was bought at an average price of $4.62 per share, with a total value of $354,816.00.
  • On Tuesday, April 2nd, Oaktree Capital Group Holdings purchased 32,516 shares of Oaktree Capital Group LLC Unit stock. The stock was bought at an average price of $4.69 per share, with a total value of $152,500.04.
  • On Friday, March 29th, Oaktree Capital Group Holdings purchased 77,065 shares of Oaktree Capital Group LLC Unit stock. The stock was bought at an average price of $4.57 per share, with a total value of $352,187.05.
  • On Wednesday, March 27th, Oaktree Capital Group Holdings purchased 38,357 shares of Oaktree Capital Group LLC Unit stock. The stock was bought at an average price of $4.45 per share, with a total value of $170,688.65.

NYSE OAK traded down $0.04 on Wednesday, hitting $49.35. The stock had a trading volume of 10,655 shares, compared to its average volume of 997,440. The company has a market capitalization of $7.89 billion, a PE ratio of 18.78, a price-to-earnings-growth ratio of 2.23 and a beta of 0.54. The company has a debt-to-equity ratio of 2.84, a quick ratio of 2.20 and a current ratio of 2.20. Oaktree Capital Group LLC Unit has a 52-week low of $38.65 and a 52-week high of $50.76. The business has a fifty day moving average of $49.05.

Oaktree Capital Group LLC Unit (NYSE:OAK) last announced its quarterly earnings data on Thursday, April 25th. The asset manager reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.18. The firm had revenue of $266.42 million for the quarter, compared to analyst estimates of $522.21 million. Oaktree Capital Group LLC Unit had a net margin of 17.09% and a return on equity of 18.49%. The business’s quarterly revenue was down 21.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.93 earnings per share. On average, analysts predict that Oaktree Capital Group LLC Unit will post 3.47 EPS for the current fiscal year.

OAK has been the topic of several research reports. ValuEngine lowered shares of Oaktree Capital Group LLC Unit from a “buy” rating to a “hold” rating in a report on Friday, April 5th. Wells Fargo & Co lifted their price objective on shares of Oaktree Capital Group LLC Unit from $44.00 to $49.00 and gave the company a “market perform” rating in a report on Thursday, March 14th. Morgan Stanley lowered shares of Oaktree Capital Group LLC Unit from an “overweight” rating to an “equal weight” rating in a report on Thursday, March 14th. Finally, Zacks Investment Research raised shares of Oaktree Capital Group LLC Unit from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a report on Thursday, March 7th. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Oaktree Capital Group LLC Unit currently has a consensus rating of “Hold” and a consensus target price of $46.50.

A number of hedge funds and other institutional investors have recently bought and sold shares of OAK. DDD Partners LLC raised its position in shares of Oaktree Capital Group LLC Unit by 4.5% in the first quarter. DDD Partners LLC now owns 43,318 shares of the asset manager’s stock worth $2,151,000 after acquiring an additional 1,850 shares during the period. Bank of Montreal Can raised its position in shares of Oaktree Capital Group LLC Unit by 180.5% in the fourth quarter. Bank of Montreal Can now owns 186,475 shares of the asset manager’s stock worth $7,413,000 after acquiring an additional 120,000 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in shares of Oaktree Capital Group LLC Unit by 94.7% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 18,318 shares of the asset manager’s stock worth $728,000 after acquiring an additional 8,912 shares during the period. Mackenzie Financial Corp raised its position in shares of Oaktree Capital Group LLC Unit by 51.1% in the fourth quarter. Mackenzie Financial Corp now owns 2,736,011 shares of the asset manager’s stock worth $108,756,000 after acquiring an additional 925,604 shares during the period. Finally, D.A. Davidson & CO. raised its position in shares of Oaktree Capital Group LLC Unit by 2.4% in the fourth quarter. D.A. Davidson & CO. now owns 16,915 shares of the asset manager’s stock worth $672,000 after acquiring an additional 392 shares during the period. Institutional investors own 32.05% of the company’s stock.

About Oaktree Capital Group LLC Unit

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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