Insider Buying: Oaktree Capital Group LLC Unit (NYSE:OAK) Major Shareholder Acquires $84,222.97 in Stock

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Oaktree Capital Group LLC Unit (NYSE:OAK) major shareholder Oaktree Capital Group Holdings acquired 20,899 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was bought at an average price of $4.03 per share, with a total value of $84,222.97. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Oaktree Capital Group Holdings also recently made the following trade(s):

  • On Friday, August 9th, Oaktree Capital Group Holdings acquired 100,000 shares of Oaktree Capital Group LLC Unit stock. The stock was bought at an average price of $4.00 per share, with a total value of $400,000.00.
  • On Monday, August 5th, Oaktree Capital Group Holdings acquired 200,000 shares of Oaktree Capital Group LLC Unit stock. The stock was bought at an average price of $4.24 per share, with a total value of $848,000.00.
  • On Friday, August 2nd, Oaktree Capital Group Holdings acquired 150,000 shares of Oaktree Capital Group LLC Unit stock. The stock was bought at an average price of $4.44 per share, with a total value of $666,000.00.
  • On Monday, July 29th, Oaktree Capital Group Holdings acquired 150,000 shares of Oaktree Capital Group LLC Unit stock. The stock was bought at an average price of $4.62 per share, with a total value of $693,000.00.
  • On Thursday, July 25th, Oaktree Capital Group Holdings acquired 1,000,000 shares of Oaktree Capital Group LLC Unit stock. The stock was bought at an average price of $4.76 per share, with a total value of $4,760,000.00.
  • On Wednesday, June 12th, Oaktree Capital Group Holdings acquired 27,300 shares of Oaktree Capital Group LLC Unit stock. The stock was bought at an average price of $4.67 per share, with a total value of $127,491.00.
  • On Wednesday, June 5th, Oaktree Capital Group Holdings acquired 500,000 shares of Oaktree Capital Group LLC Unit stock. The stock was bought at an average price of $4.70 per share, with a total value of $2,350,000.00.
  • On Monday, June 3rd, Oaktree Capital Group Holdings acquired 76,800 shares of Oaktree Capital Group LLC Unit stock. The stock was bought at an average price of $4.62 per share, with a total value of $354,816.00.
  • On Thursday, May 30th, Oaktree Capital Group Holdings acquired 32,509 shares of Oaktree Capital Group LLC Unit stock. The stock was bought at an average price of $4.62 per share, with a total value of $150,191.58.

Shares of OAK opened at $51.20 on Friday. The stock has a 50-day simple moving average of $50.42 and a 200-day simple moving average of $48.27. The company has a debt-to-equity ratio of 3.02, a quick ratio of 2.20 and a current ratio of 2.52. The stock has a market capitalization of $8.26 billion, a PE ratio of 19.47, a PEG ratio of 2.47 and a beta of 0.53. Oaktree Capital Group LLC Unit has a 1 year low of $38.65 and a 1 year high of $51.80.

Oaktree Capital Group LLC Unit (NYSE:OAK) last announced its quarterly earnings data on Thursday, July 25th. The asset manager reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.07). The company had revenue of $313.48 million during 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 19.02%. The business’s quarterly revenue was up 47.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.51 EPS. Analysts predict that Oaktree Capital Group LLC Unit will post 3.49 EPS for the current year.

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

Hedge funds have recently bought and sold shares of the stock. Cumberland Partners Ltd purchased a new stake in Oaktree Capital Group LLC Unit during the second quarter worth approximately $30,000. NEXT Financial Group Inc purchased a new stake in Oaktree Capital Group LLC Unit during the second quarter worth approximately $49,000. Alpha Omega Wealth Management LLC lifted its stake in Oaktree Capital Group LLC Unit by 108.4% during the first quarter. Alpha Omega Wealth Management LLC now owns 1,115 shares of the asset manager’s stock worth $55,000 after purchasing an additional 580 shares during the last quarter. Westside Investment Management Inc. purchased a new stake in Oaktree Capital Group LLC Unit during the second quarter worth approximately $59,000. Finally, Fort Sheridan Advisors LLC purchased a new stake in Oaktree Capital Group LLC Unit during the first quarter worth approximately $218,000. Hedge funds and other institutional investors own 32.17% of the company’s stock.

About Oaktree Capital Group LLC Unit

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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