Oaktree Capital Group LLC (OAK) Major Shareholder Organics L.P. Oaktree Acquires 3,055,460 Shares

Oaktree Capital Group LLC (NYSE:OAK) major shareholder Organics L.P. Oaktree bought 3,055,460 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was bought at an average price of $7.50 per share, with a total value of $22,915,950.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Shares of Oaktree Capital Group LLC (NYSE:OAK) opened at $41.60 on Tuesday. The firm has a market capitalization of $6,514.17, a P/E ratio of 10.00, a PEG ratio of 0.86 and a beta of 0.57. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 2.37. Oaktree Capital Group LLC has a twelve month low of $36.95 and a twelve month high of $48.50.

Oaktree Capital Group (NYSE:OAK) last released its quarterly earnings results on Thursday, October 26th. The asset manager reported $0.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.11. The company had revenue of $304.80 million for the quarter, compared to analysts’ expectations of $281.61 million. Oaktree Capital Group had a return on equity of 18.88% and a net margin of 19.04%. The business’s revenue for the quarter was down 16.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.92 earnings per share. sell-side analysts forecast that Oaktree Capital Group LLC will post 3.86 EPS for the current year.

OAK has been the subject of a number of research reports. TheStreet downgraded Oaktree Capital Group from a “b-” rating to a “c+” rating in a research note on Friday, November 17th. Zacks Investment Research cut Oaktree Capital Group from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $49.50.

Several institutional investors and hedge funds have recently added to or reduced their stakes in OAK. Capital World Investors raised its holdings in shares of Oaktree Capital Group by 426.5% during the second quarter. Capital World Investors now owns 1,466,824 shares of the asset manager’s stock valued at $68,354,000 after buying an additional 1,188,224 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Oaktree Capital Group by 958.3% during the second quarter. Principal Financial Group Inc. now owns 1,159,853 shares of the asset manager’s stock valued at $54,048,000 after buying an additional 1,050,259 shares during the last quarter. Burgundy Asset Management Ltd. raised its holdings in shares of Oaktree Capital Group by 75.9% during the third quarter. Burgundy Asset Management Ltd. now owns 416,310 shares of the asset manager’s stock valued at $19,587,000 after buying an additional 179,627 shares during the last quarter. Westpac Banking Corp bought a new stake in shares of Oaktree Capital Group during the second quarter valued at approximately $5,760,000. Finally, Shelter Mutual Insurance Co bought a new stake in shares of Oaktree Capital Group during the third quarter valued at approximately $5,509,000. 22.60% of the stock is currently owned by institutional investors.

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About Oaktree Capital Group

Oaktree Capital Group, LLC (Oaktree) is an investment manager specializing in alternative investments. The Company operates through investment management segment, which consists of the investment management services that the Company provides to its clients. The Company manages investments in a range of strategies within approximately six asset classes, which include corporate debt, convertible securities, distressed debt, control investing, real estate and listed equities.

Insider Buying and Selling by Quarter for Oaktree Capital Group (NYSE:OAK)

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