OTA Financial Group L.P. Buys Shares of 30,000 Oaktree Capital Group LLC Unit (NYSE:OAK)

OTA Financial Group L.P. bought a new stake in shares of Oaktree Capital Group LLC Unit (NYSE:OAK) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 30,000 shares of the asset manager’s stock, valued at approximately $1,486,000. Oaktree Capital Group LLC Unit accounts for approximately 1.2% of OTA Financial Group L.P.’s holdings, making the stock its 21st largest position.

A number of other institutional investors also recently added to or reduced their stakes in OAK. Cordasco Financial Network acquired a new position in shares of Oaktree Capital Group LLC Unit in the first quarter worth about $35,000. NEXT Financial Group Inc acquired a new position in shares of Oaktree Capital Group LLC Unit in the second quarter worth about $49,000. Alpha Omega Wealth Management LLC boosted its holdings in shares of Oaktree Capital Group LLC Unit by 108.4% in the first quarter. Alpha Omega Wealth Management LLC now owns 1,115 shares of the asset manager’s stock worth $55,000 after buying an additional 580 shares during the period. Fort Sheridan Advisors LLC acquired a new position in shares of Oaktree Capital Group LLC Unit in the first quarter worth about $218,000. Finally, Investment Management of Virginia LLC acquired a new position in shares of Oaktree Capital Group LLC Unit in the first quarter worth about $223,000. 32.13% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts recently commented on the stock. Zacks Investment Research cut shares of Oaktree Capital Group LLC Unit from a “buy” rating to a “hold” rating in a report on Tuesday. ValuEngine cut shares of Oaktree Capital Group LLC Unit from a “buy” rating to a “hold” rating in a report on Friday, April 5th. Six investment analysts have rated the stock with a hold rating, Oaktree Capital Group LLC Unit currently has a consensus rating of “Hold” and an average price target of $47.00.

Shares of OAK stock traded down $0.21 during trading on Friday, hitting $50.65. 285,705 shares of the company were exchanged, compared to its average volume of 554,945. The company has a debt-to-equity ratio of 2.84, a current ratio of 2.20 and a quick ratio of 2.20. The company has a market capitalization of $8.06 billion, a price-to-earnings ratio of 19.26, a price-to-earnings-growth ratio of 2.42 and a beta of 0.53. The business’s 50-day moving average is $49.96. Oaktree Capital Group LLC Unit has a twelve month low of $38.65 and a twelve month high of $51.01.

Oaktree Capital Group LLC Unit (NYSE:OAK) last posted its quarterly earnings results on Thursday, July 25th. The asset manager reported $0.57 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.07). The company had revenue of $313.48 million for the quarter, compared to analyst estimates of $311.80 million. Oaktree Capital Group LLC Unit had a return on equity of 18.93% and a net margin of 17.16%. The business’s revenue for the quarter was up 47.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.51 earnings per share. On average, equities analysts predict that Oaktree Capital Group LLC Unit will post 3.48 earnings per share for the current year.

In other Oaktree Capital Group LLC Unit news, major shareholder Oaktree Capital Group Holdings acquired 32,509 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The shares were purchased at an average price of $4.62 per share, with a total value of $150,191.58. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ocm Growth Holdings Llc acquired 1,628,366 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were acquired at an average cost of $15.16 per share, for a total transaction of $24,686,028.56. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 3,414,975 shares of company stock valued at $33,121,527.

Oaktree Capital Group LLC Unit 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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Institutional Ownership by Quarter for Oaktree Capital Group LLC Unit (NYSE:OAK)

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