Oaktree Capital Group LLC Unit (NYSE:OAK) Shares Purchased by Allen Investment Management LLC

Allen Investment Management LLC boosted its holdings in shares of Oaktree Capital Group LLC Unit (NYSE:OAK) by 1.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,029 shares of the asset manager’s stock after acquiring an additional 464 shares during the period. Allen Investment Management LLC’s holdings in Oaktree Capital Group LLC Unit were worth $1,392,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cordasco Financial Network bought a new stake in Oaktree Capital Group LLC Unit during the 1st quarter valued at about $35,000. Alpha Omega Wealth Management LLC grew its stake in shares of Oaktree Capital Group LLC Unit by 108.4% in the first quarter. Alpha Omega Wealth Management LLC now owns 1,115 shares of the asset manager’s stock worth $55,000 after acquiring an additional 580 shares during the period. M&R Capital Management Inc. grew its stake in shares of Oaktree Capital Group LLC Unit by 534.5% in the fourth quarter. M&R Capital Management Inc. now owns 3,680 shares of the asset manager’s stock worth $146,000 after acquiring an additional 3,100 shares during the period. Investment Management of Virginia LLC bought a new stake in shares of Oaktree Capital Group LLC Unit in the first quarter worth approximately $223,000. Finally, Barclays PLC grew its stake in shares of Oaktree Capital Group LLC Unit by 1,545.7% in the fourth quarter. Barclays PLC now owns 5,217 shares of the asset manager’s stock worth $208,000 after acquiring an additional 4,900 shares during the period. 32.05% of the stock is owned by institutional investors.

In other Oaktree Capital Group LLC Unit news, Director Ocm Growth Holdings Llc purchased 1,628,366 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were bought at an average price of $15.16 per share, for a total transaction of $24,686,028.56. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Oaktree Capital Group Holdings acquired 77,065 shares of the company’s stock in a transaction dated Friday, March 29th. The shares were purchased at an average cost of $4.57 per share, for a total transaction of $352,187.05. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 2,374,556 shares of company stock valued at $28,173,214.

Shares of NYSE OAK traded down $0.04 during mid-day trading on Wednesday, reaching $49.35. The company had a trading volume of 418,900 shares, compared to its average volume of 948,039. The stock’s 50-day moving average price is $49.05. The company has a debt-to-equity ratio of 2.84, a quick ratio of 2.20 and a current ratio of 2.20. The firm has a market cap of $7.89 billion, a PE ratio of 18.76, a price-to-earnings-growth ratio of 2.23 and a beta of 0.54. Oaktree Capital Group LLC Unit has a 52 week low of $38.65 and a 52 week high of $50.76.

Oaktree Capital Group LLC Unit (NYSE:OAK) last released its quarterly earnings data on Thursday, April 25th. The asset manager reported $1.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.18. The company had revenue of $266.42 million during 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 firm’s revenue for the quarter was down 21.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.93 earnings per share. As a group, sell-side analysts predict that Oaktree Capital Group LLC Unit will post 3.47 earnings per share for the current year.

A number of equities analysts recently issued reports on OAK shares. 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 report on Thursday, March 14th. Morgan Stanley downgraded shares of Oaktree Capital Group LLC Unit from an “overweight” rating to an “equal weight” rating in a report on Thursday, March 14th. ValuEngine raised shares of Oaktree Capital Group LLC Unit from a “hold” rating to a “buy” 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 research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $46.50.

Oaktree Capital Group LLC Unit Profile

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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Institutional Ownership by Quarter for Oaktree Capital Group LLC Unit (NYSE:OAK)

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