Credit Suisse Group Analysts Give Och-Ziff Capital Management Group LLC (OZM) a $3.00 Price Target

Och-Ziff Capital Management Group LLC (NYSE:OZM) received a $3.00 price objective from investment analysts at Credit Suisse Group in a report issued on Thursday. The brokerage currently has a “hold” rating on the stock. Credit Suisse Group’s price target points to a potential upside of 3.09% from the stock’s previous close.

A number of other analysts have also recently weighed in on the company. Jefferies Group LLC reiterated a “hold” rating and set a $3.00 price target on shares of Och-Ziff Capital Management Group in a research report on Tuesday, November 8th. Citigroup Inc. upgraded Och-Ziff Capital Management Group from a “sell” rating to a “neutral” rating and set a $3.00 price target on the stock in a research report on Monday, November 7th. Zacks Investment Research upgraded Och-Ziff Capital Management Group from a “sell” rating to a “hold” rating in a research report on Saturday, November 5th. Finally, J P Morgan Chase & Co cut Och-Ziff Capital Management Group from an “overweight” rating to a “neutral” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $4.08.

Analyst Recommendations for Och-Ziff Capital Management Group (NYSE:OZM)

Och-Ziff Capital Management Group (NYSE:OZM) traded up 3.265% during mid-day trading on Thursday, reaching $3.005. The company’s stock had a trading volume of 924,047 shares. Och-Ziff Capital Management Group has a 52 week low of $2.65 and a 52 week high of $4.78. The firm’s 50 day moving average price is $3.31 and its 200 day moving average price is $3.45. The firm’s market capitalization is $546.03 million.

Och-Ziff Capital Management Group (NYSE:OZM) last announced its quarterly earnings results on Wednesday, February 15th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by $0.05. The company had revenue of $281.26 million for the quarter, compared to analyst estimates of $272.83 million. Och-Ziff Capital Management Group had a positive return on equity of 106.32% and a negative net margin of 18.75%. The firm’s revenue for the quarter was down 18.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.07) earnings per share. On average, analysts anticipate that Och-Ziff Capital Management Group will post ($0.18) EPS for the current fiscal year.

The firm also recently announced a dividend, which will be paid on Monday, March 6th. Investors of record on Monday, February 27th will be given a $0.01 dividend. The ex-dividend date of this dividend is Thursday, February 23rd.

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In other news, major shareholder Abrams Capital Management, L.P purchased 1,357,680 shares of the stock in a transaction dated Tuesday, January 24th. The shares were bought at an average cost of $3.20 per share, for a total transaction of $4,344,576.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Erez Elisha sold 27,669 shares of Och-Ziff Capital Management Group stock in a transaction on Friday, December 30th. The shares were sold at an average price of $3.25, for a total value of $89,924.25. Following the transaction, the insider now owns 27,669 shares in the company, valued at $89,924.25. The disclosure for this sale can be found here. Over the last 90 days, insiders purchased 4,036,907 shares of company stock worth $12,936,401. 63.20% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the stock. Blue Ridge Capital L.L.C. purchased a new position in shares of Och-Ziff Capital Management Group during the second quarter valued at about $33,592,000. Stifel Financial Corp boosted its position in shares of Och-Ziff Capital Management Group by 55.6% in the second quarter. Stifel Financial Corp now owns 415,705 shares of the company’s stock valued at $1,580,000 after buying an additional 148,601 shares during the period. Sterneck Capital Management LLC purchased a new position in shares of Och-Ziff Capital Management Group during the second quarter valued at about $129,000. Telemus Capital LLC boosted its position in shares of Och-Ziff Capital Management Group by 1,730.9% in the third quarter. Telemus Capital LLC now owns 302,100 shares of the company’s stock valued at $1,311,000 after buying an additional 285,600 shares during the period. Finally, California Public Employees Retirement System boosted its position in shares of Och-Ziff Capital Management Group by 4.0% in the third quarter. California Public Employees Retirement System now owns 111,000 shares of the company’s stock valued at $482,000 after buying an additional 4,300 shares during the period. Institutional investors own 52.74% of the company’s stock.

About Och-Ziff Capital Management Group

Och-Ziff Capital Management Group LLC (Och-Ziff) is an institutional alternative asset manager. The Company provides asset management services through its funds, which pursue a range of global investment opportunities. The Company operates through two segments: the Och-Ziff Funds and Other Operations.

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