Och-Ziff Capital Management Group (OZM) Stock Price Up 5.1%

Och-Ziff Capital Management Group LLC (NYSE:OZM)’s share price rose 5.1% on Wednesday . The company traded as high as $2.71 and last traded at $2.67. Approximately 6,233,300 shares traded hands during trading, an increase of 663% from the average daily volume of 817,123 shares. The stock had previously closed at $2.54.

OZM has been the topic of a number of recent research reports. Zacks Investment Research lowered Och-Ziff Capital Management Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 5th. Jefferies Group increased their price target on Och-Ziff Capital Management Group from $3.00 to $3.50 and gave the stock a “hold” rating in a research report on Wednesday, October 4th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $3.25 price target on shares of Och-Ziff Capital Management Group in a research report on Tuesday, September 5th. Finally, ValuEngine downgraded Och-Ziff Capital Management Group from a “buy” rating to a “hold” rating in a research report on Saturday, November 4th. Seven research analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and a consensus price target of $3.25.

The company has a market cap of $1,400.00, a PE ratio of 10.16 and a beta of 1.22. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of -2.61.

Och-Ziff Capital Management Group (NYSE:OZM) last announced its earnings results on Thursday, November 2nd. The asset manager reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.04. The business had revenue of $125.26 million during the quarter, compared to analyst estimates of $101.92 million. Och-Ziff Capital Management Group had a negative return on equity of 54.57% and a net margin of 3.35%. Och-Ziff Capital Management Group’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same period last year, the company earned $0.05 EPS. equities research analysts anticipate that Och-Ziff Capital Management Group LLC will post 0.2 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Monday, November 13th were paid a $0.02 dividend. The ex-dividend date of this dividend was Friday, November 10th. This represents a $0.08 annualized dividend and a dividend yield of 3.04%. Och-Ziff Capital Management Group’s dividend payout ratio is presently 100.00%.

Several institutional investors and hedge funds have recently modified their holdings of the company. Odey Asset Management Group Ltd grew its stake in shares of Och-Ziff Capital Management Group by 1.3% in the 2nd quarter. Odey Asset Management Group Ltd now owns 7,211,519 shares of the asset manager’s stock valued at $18,461,000 after buying an additional 91,000 shares during the period. Artemis Investment Management LLP boosted its stake in Och-Ziff Capital Management Group by 18.2% during the 3rd quarter. Artemis Investment Management LLP now owns 3,240,000 shares of the asset manager’s stock valued at $10,384,000 after purchasing an additional 500,000 shares during the last quarter. Continental Advisors LLC boosted its stake in shares of Och-Ziff Capital Management Group by 1.9% in the 3rd quarter. Continental Advisors LLC now owns 2,147,593 shares of the asset manager’s stock worth $6,915,000 after buying an additional 40,000 shares during the last quarter. Quinn Opportunity Partners LLC boosted its stake in shares of Och-Ziff Capital Management Group by 22.1% in the 2nd quarter. Quinn Opportunity Partners LLC now owns 1,335,088 shares of the asset manager’s stock worth $3,418,000 after buying an additional 241,500 shares during the last quarter. Finally, Stonerise Capital Management LLC purchased a new position in shares of Och-Ziff Capital Management Group in the 2nd quarter worth approximately $2,474,000. Institutional investors own 17.14% of the company’s stock.

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About Och-Ziff Capital Management Group

Och-Ziff Capital Management Group LLC (Och-Ziff) is an institutional alternative asset manager. The Company provides asset management services through its funds, which pursue a range of global investment opportunities. The Company operates through two segments: the Och-Ziff Funds and real estate business.

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