Oaktree Capital Group (OAK) Getting Somewhat Positive Press Coverage, Report Shows
News coverage about Oaktree Capital Group (NYSE:OAK) has been trending somewhat positive on Tuesday, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Oaktree Capital Group earned a news sentiment score of 0.19 on Accern’s scale. Accern also assigned media headlines about the asset manager an impact score of 46.5714356126852 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media headlines that may have effected Accern Sentiment’s analysis:
- Oaktree Capital Group LLC : OAK-US: Dividend Analysis : August 07th, 2017 (record date) : By the numbers : September 1, 2017 (finance.yahoo.com)
- Oaktree Capital Group LLC (OAK) Near-Term Moving Average Signal Update – Sparta Review (spartareview.com)
- Oaktree Capital Group, LLC (OAK) Receives Consensus Rating of “Hold” from Analysts (americanbankingnews.com)
- [$$] CST Industries Faces Off With Lender Oaktree (finance.yahoo.com)
Shares of Oaktree Capital Group (NYSE:OAK) opened at 45.55 on Tuesday. Oaktree Capital Group has a 1-year low of $36.95 and a 1-year high of $48.50. The firm has a market capitalization of $2.92 billion, a PE ratio of 9.94 and a beta of 0.61. The stock has a 50 day moving average price of $47.01 and a 200 day moving average price of $46.21.
Oaktree Capital Group (NYSE:OAK) last announced its quarterly earnings results on Thursday, July 27th. The asset manager reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.26. The company had revenue of $704.36 million during the quarter, compared to the consensus estimate of $592.84 million. Oaktree Capital Group had a net margin of 19.17% and a return on equity of 20.11%. During the same period in the prior year, the business earned $0.79 earnings per share. Equities research analysts anticipate that Oaktree Capital Group will post $3.89 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, August 11th. Stockholders of record on Monday, August 7th were issued a dividend of $1.31 per share. The ex-dividend date of this dividend was Thursday, August 3rd. This is an increase from Oaktree Capital Group’s previous quarterly dividend of $0.71. This represents a $5.24 annualized dividend and a dividend yield of 11.50%. Oaktree Capital Group’s dividend payout ratio is 114.66%.
OAK has been the subject of several research reports. Goldman Sachs Group, Inc. (The) cut Oaktree Capital Group from a “buy” rating to a “neutral” rating and lowered their target price for the company from $50.00 to $49.00 in a research note on Friday, July 28th. BidaskClub raised Oaktree Capital Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 5th. Jefferies Group LLC initiated coverage on Oaktree Capital Group in a research note on Wednesday, June 28th. They issued a “hold” rating and a $49.00 target price for the company. Finally, Morgan Stanley lifted their target price on Oaktree Capital Group from $54.00 to $55.00 and gave the company an “outperform” rating in a research note on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $47.50.
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In other news, Vice Chairman John Frank sold 16,666 shares of the company’s stock in a transaction on Friday, August 18th. The shares were sold at an average price of $46.72, for a total transaction of $778,635.52. Following the completion of the transaction, the insider now directly owns 41,667 shares in the company, valued at $1,946,682.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ocm Growth Holdings Llc purchased 909,443 shares of the stock in a transaction dated Monday, June 12th. The shares were bought at an average price of $15.00 per share, with a total value of $13,641,645.00. The disclosure for this purchase can be found here.
Oaktree Capital Group Company Profile
Oaktree Capital Group, LLC (Oaktree) is an investment manager specializing in alternative investments. The Company operates through investment management segment, which consists of the investment management services that the Company provides to its clients. The Company manages investments in a range of strategies within approximately six asset classes, which include corporate debt, convertible securities, distressed debt, control investing, real estate and listed equities.
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