Oaktree Capital Management (NYSE:OAK) has been given an average rating of “Hold” by the nine ratings firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $49.40.
A number of research firms have recently commented on OAK. Zacks Investment Research raised Oaktree Capital Management from a “sell” rating to a “hold” rating in a report on Saturday, February 3rd. ValuEngine cut Oaktree Capital Management from a “buy” rating to a “hold” rating in a report on Thursday, February 15th. JPMorgan Chase lowered their price target on Oaktree Capital Management from $53.00 to $51.00 and set a “neutral” rating for the company in a report on Tuesday, February 13th. Morgan Stanley lowered their price target on Oaktree Capital Management from $60.00 to $57.00 and set an “overweight” rating for the company in a report on Thursday, March 1st. Finally, Deutsche Bank lowered their price target on Oaktree Capital Management from $44.00 to $42.00 and set a “hold” rating for the company in a report on Friday, April 6th.
In other news, major shareholder Oaktree Capital Management Lp bought 72,908 shares of the stock in a transaction on Monday, April 2nd. The stock was acquired at an average price of $6.04 per share, with a total value of $440,364.32. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Oaktree Capital Group Holdings sold 1,821,377 shares of the company’s stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $20.15, for a total value of $36,700,746.55. The disclosure for this sale can be found here. Insiders have bought a total of 529,796 shares of company stock valued at $3,290,379 in the last three months.
Shares of NYSE:OAK traded up $0.18 during trading on Thursday, reaching $39.93. 63,469 shares of the company traded hands, compared to its average volume of 363,613. The company has a market cap of $6,133.40, a price-to-earnings ratio of 10.09, a PEG ratio of 1.01 and a beta of 0.69. The company has a debt-to-equity ratio of 2.39, a quick ratio of 6.04 and a current ratio of 6.04. Oaktree Capital Management has a 52 week low of $38.80 and a 52 week high of $48.50.
Oaktree Capital Management (NYSE:OAK) last posted its quarterly earnings results on Tuesday, February 6th. The asset manager reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.17. Oaktree Capital Management had a return on equity of 18.04% and a net margin of 15.75%. The company had revenue of $327.40 million during the quarter, compared to analysts’ expectations of $286.45 million. During the same quarter in the previous year, the firm earned $0.91 EPS. Oaktree Capital Management’s revenue was down 6.8% on a year-over-year basis. research analysts predict that Oaktree Capital Management will post 3.36 EPS for the current fiscal year.
Oaktree Capital Management Company 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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