Och-Ziff Capital Management Group (OZM) Upgraded to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Och-Ziff Capital Management Group (NYSE:OZM) from a strong sell rating to a hold rating in a report issued on Tuesday morning, Zacks.com reports.

According to Zacks, “Och-Ziff Capital Management Group LLC is a leading, global institutional alternative asset management firm. It seeks to deliver consistent positive risk-adjusted returns throughout market cycles, with a strong focus on risk management and capital preservation. Portfolio composition is determined by market opportunities rather than any predetermined commitment to investment discipline or geography. Our diversified, multi-strategy approach is based on global investment strategies, including merger arbitrage, convertible arbitrage, equity restructuring, credit and distressed investments, private investments and real estate. “

Separately, ValuEngine upgraded Och-Ziff Capital Management Group from a sell rating to a hold rating in a research note on Thursday, January 31st.

NYSE:OZM opened at $17.71 on Tuesday. The stock 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 has a one year low of $8.60 and a one year high of $23.00. The company has a debt-to-equity ratio of 5.03, a current ratio of 1.93 and a quick ratio of 1.93.

Och-Ziff Capital Management Group (NYSE:OZM) last posted its quarterly earnings results on Thursday, March 7th. The asset manager reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.19). The firm had revenue of $166.42 million during the quarter, compared to analyst estimates of $145.79 million. Och-Ziff Capital Management Group had a positive return on equity of 58.10% and a negative net margin of 6.98%. On average, analysts predict that Och-Ziff Capital Management Group will post 1.88 EPS for the current year.

The company also recently declared 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 yield of 5.25%. Och-Ziff Capital Management Group’s dividend payout ratio (DPR) is 78.63%.

In related news, CFO Thomas Michael Sipp sold 19,531 shares of Och-Ziff Capital Management Group stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $17.95, for a total value of $350,581.45. Following the completion of the transaction, the chief financial officer now directly owns 62,896 shares in the company, valued at $1,128,983.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Erez Elisha sold 1,758 shares of Och-Ziff Capital Management Group stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $15.80, for a total value of $27,776.40. The disclosure for this sale can be found here. Insiders sold 68,445 shares of company stock valued at $1,122,459 over the last quarter. Insiders own 60.77% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Odey Asset Management Group Ltd lifted its holdings in 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 acquiring an additional 32,047 shares during the last quarter. Algebris UK Ltd lifted its holdings in Och-Ziff Capital Management Group by 4.3% in the fourth quarter. Algebris UK Ltd now owns 2,488,995 shares of the asset manager’s stock worth $2,290,000 after acquiring an additional 102,495 shares during the last quarter. Quinn Opportunity Partners LLC lifted its holdings in Och-Ziff Capital Management Group by 4.3% in the fourth quarter. Quinn Opportunity Partners LLC now owns 1,976,338 shares of the asset manager’s stock worth $1,818,000 after acquiring an additional 80,900 shares during the last quarter. Caz Investments LP lifted its holdings in Och-Ziff Capital Management Group by 100.0% in the fourth quarter. Caz Investments LP now owns 250,000 shares of the asset manager’s stock worth $230,000 after acquiring an additional 125,000 shares during the last quarter. Finally, Searle & CO. lifted its holdings in Och-Ziff Capital Management Group by 13.8% in the fourth quarter. Searle & CO. now owns 205,700 shares of the asset manager’s stock worth $189,000 after acquiring an additional 25,000 shares during the last quarter.

About Och-Ziff Capital Management Group

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.

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