Och-Ziff Capital Management Group LLC (OZM) CFO Sells $350,581.45 in Stock

Och-Ziff Capital Management Group LLC (NYSE:OZM) CFO Thomas Michael Sipp sold 19,531 shares of the business’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $17.95, for a total transaction of $350,581.45. Following the sale, the chief financial officer now directly owns 62,896 shares in the company, valued at approximately $1,128,983.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Thomas Michael Sipp also recently made the following trade(s):

  • On Friday, May 10th, Thomas Michael Sipp sold 26,416 shares of Och-Ziff Capital Management Group stock. The stock was sold at an average price of $16.70, for a total transaction of $441,147.20.
  • On Friday, May 3rd, Thomas Michael Sipp sold 3,537 shares of Och-Ziff Capital Management Group stock. The stock was sold at an average price of $15.57, for a total transaction of $55,071.09.
  • On Tuesday, May 7th, Thomas Michael Sipp sold 9,242 shares of Och-Ziff Capital Management Group stock. The stock was sold at an average price of $15.83, for a total transaction of $146,300.86.

Shares of Och-Ziff Capital Management Group stock opened at $17.71 on Friday. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 5.03. Och-Ziff Capital Management Group LLC has a twelve month low of $8.60 and a twelve month high of $23.00. The firm has a market capitalization of $950.69 million, a P/E ratio of 17.16 and a beta of 1.33.

Och-Ziff Capital Management Group (NYSE:OZM) last issued its quarterly earnings data on Thursday, March 7th. The asset manager reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.19). Och-Ziff Capital Management Group had a positive return on equity of 58.10% and a negative net margin of 6.98%. The business had revenue of $166.42 million during the quarter, compared to the consensus estimate of $145.79 million. As a group, sell-side analysts predict that Och-Ziff Capital Management Group LLC will post 1.88 earnings per share for the current fiscal year.

The firm also recently disclosed a special dividend, which will be paid on Tuesday, May 28th. Investors of record on Monday, May 20th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Friday, May 17th. This represents a dividend yield of 5.25%. Och-Ziff Capital Management Group’s dividend payout ratio is 78.63%.

Several brokerages recently weighed in on OZM. Zacks Investment Research raised shares of Och-Ziff Capital Management Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday. ValuEngine raised shares of Och-Ziff Capital Management Group from a “sell” rating to a “hold” rating in a research note on Wednesday, March 20th.

Several institutional investors have recently modified their holdings of the stock. Odey Asset Management Group Ltd grew its stake in shares of Och-Ziff Capital Management Group by 0.5% in the fourth quarter. Odey Asset Management Group Ltd now owns 5,966,566 shares of the asset manager’s stock worth $54,892,000 after purchasing an additional 32,047 shares during the last quarter. Algebris UK Ltd boosted its position in Och-Ziff Capital Management Group by 4.3% during the fourth quarter. Algebris UK Ltd now owns 2,488,995 shares of the asset manager’s stock valued at $2,290,000 after acquiring an additional 102,495 shares during the last quarter. Quinn Opportunity Partners LLC boosted its position in Och-Ziff Capital Management Group by 4.3% during the fourth quarter. Quinn Opportunity Partners LLC now owns 1,976,338 shares of the asset manager’s stock valued at $1,818,000 after acquiring an additional 80,900 shares during the last quarter. Caz Investments LP boosted its position in Och-Ziff Capital Management Group by 100.0% during the fourth quarter. Caz Investments LP now owns 250,000 shares of the asset manager’s stock valued at $230,000 after acquiring an additional 125,000 shares during the last quarter. Finally, Searle & CO. boosted its position in Och-Ziff Capital Management Group by 13.8% during the fourth quarter. Searle & CO. now owns 205,700 shares of the asset manager’s stock valued at $189,000 after acquiring an additional 25,000 shares during the last quarter.

WARNING: “Och-Ziff Capital Management Group LLC (OZM) CFO Sells $350,581.45 in Stock” was posted by Baseball Daily News and is owned by of Baseball Daily News. If you are reading this piece on another site, it was illegally stolen and republished in violation of international trademark & copyright legislation. The original version of this piece can be viewed at https://www.baseballdailydigest.com/news/2019/05/18/och-ziff-capital-management-group-llc-ozm-cfo-sells-350581-45-in-stock.html.

Och-Ziff Capital Management Group Company Profile

Och-Ziff Capital Management Group LLC is a publicly owned hedge fund sponsor. The firm provides investment advisory services for its clients. It primarily caters to institutional investors which include pension funds, fund-of-funds, foundations and endowments, corporations and other institutions, private banks and family offices.

See Also: What is a conference call?

Insider Buying and Selling by Quarter for Och-Ziff Capital Management Group (NYSE:OZM)

Receive News & Ratings for Och-Ziff Capital Management Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Och-Ziff Capital Management Group and related companies with MarketBeat.com's FREE daily email newsletter.