Tibra Equities Europe Ltd purchased a new position in Oaktree Capital Group LLC Unit (NYSE:OAK) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 568,889 shares of the asset manager’s stock, valued at approximately $28,183,000. Oaktree Capital Group LLC Unit comprises about 2.1% of Tibra Equities Europe Ltd’s holdings, making the stock its 8th biggest position. Tibra Equities Europe Ltd owned 0.36% of Oaktree Capital Group LLC Unit at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Karpas Strategies LLC lifted its holdings in Oaktree Capital Group LLC Unit by 7.0% during the first quarter. Karpas Strategies LLC now owns 35,925 shares of the asset manager’s stock valued at $1,784,000 after purchasing an additional 2,350 shares during the last quarter. Bank of Montreal Can lifted its holdings in Oaktree Capital Group LLC Unit by 84.0% during the first quarter. Bank of Montreal Can now owns 343,163 shares of the asset manager’s stock valued at $17,038,000 after purchasing an additional 156,688 shares during the last quarter. Osborn Williams & Donohoe LLC lifted its holdings in Oaktree Capital Group LLC Unit by 3.9% during the first quarter. Osborn Williams & Donohoe LLC now owns 37,395 shares of the asset manager’s stock valued at $1,868,000 after purchasing an additional 1,400 shares during the last quarter. Dupont Capital Management Corp purchased a new stake in Oaktree Capital Group LLC Unit during the first quarter valued at about $7,587,000. Finally, Beach Point Capital Management LP purchased a new stake in Oaktree Capital Group LLC Unit during the first quarter valued at about $2,135,000. 32.17% of the stock is currently owned by institutional investors.

In other news, Director Steven J. Gilbert purchased 10,000 shares of the stock in a transaction dated Monday, August 5th. The shares were purchased at an average cost of $26.66 per share, with a total value of $266,600.00. Following the completion of the acquisition, the director now owns 10,000 shares in the company, valued at approximately $266,600. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Oaktree Capital Group Holdings purchased 1,000,000 shares of the stock in a transaction dated Thursday, July 25th. The stock was purchased at an average cost of $4.76 per share, for a total transaction of $4,760,000.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 2,267,508 shares of company stock worth $10,700,322.

Separately, Zacks Investment Research downgraded shares of Oaktree Capital Group LLC Unit from a “buy” rating to a “hold” rating in a report on Tuesday, July 30th. Six analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and an average price target of $47.00.

NYSE OAK traded down $0.58 during trading on Wednesday, hitting $51.16. 36,870 shares of the company’s stock traded hands, compared to its average volume of 888,418. The stock has a market capitalization of $8.23 billion, a PE ratio of 19.46, a price-to-earnings-growth ratio of 2.47 and a beta of 0.53. Oaktree Capital Group LLC Unit has a 12-month low of $38.65 and a 12-month high of $51.80. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 2.84. The business’s 50 day simple moving average is $50.35.

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

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

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