News articles about Oaktree Capital Group (NYSE:OAK) have trended positive this week, Alpha One reports. The research group, a division of Accern, scores the sentiment of news coverage by monitoring more than twenty million news and blog sources. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Oaktree Capital Group earned a media sentiment score of 0.27 on Alpha One’s scale. Alpha One also gave headlines about the asset manager an impact score of 60 out of 100, meaning that recent news coverage is somewhat likely to have an effect on the company’s share price in the immediate future.
Shares of Oaktree Capital Group (NYSE:OAK) traded up 0.78% during midday trading on Friday, reaching $45.15. 122,588 shares of the company were exchanged. The firm has a market capitalization of $2.90 billion, a P/E ratio of 12.81 and a beta of 0.53. The firm has a 50-day moving average of $45.87 and a 200 day moving average of $42.95. Oaktree Capital Group has a 52 week low of $36.95 and a 52 week high of $48.94.
Oaktree Capital Group (NYSE:OAK) last announced its quarterly earnings data on Thursday, April 27th. The asset manager reported $0.86 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.08. Oaktree Capital Group had a net margin of 17.30% and a return on equity of 15.40%. The firm had revenue of $391.20 million during the quarter, compared to analyst estimates of $341.84 million. During the same quarter in the prior year, the firm posted $0.49 earnings per share. Oaktree Capital Group’s quarterly revenue was up 25.0% on a year-over-year basis. On average, equities research analysts expect that Oaktree Capital Group will post $3.77 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, May 12th. Shareholders of record on Monday, May 8th were paid a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 6.34%. The ex-dividend date was Thursday, May 4th. This is a positive change from Oaktree Capital Group’s previous quarterly dividend of $0.63. Oaktree Capital Group’s dividend payout ratio (DPR) is 83.87%.
A number of equities analysts recently commented on the stock. Deutsche Bank AG lifted their price target on shares of Oaktree Capital Group from $44.00 to $45.00 and gave the stock a “hold” rating in a research note on Friday, April 28th. TheStreet raised shares of Oaktree Capital Group from a “c+” rating to a “b-” rating in a research note on Monday, April 3rd. Finally, Zacks Investment Research cut shares of Oaktree Capital Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $46.25.
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In other Oaktree Capital Group news, Vice Chairman John Frank sold 16,852 shares of the stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $45.11, for a total transaction of $760,193.72. Following the completion of the transaction, the insider now owns 58,333 shares of the company’s stock, valued at $2,631,401.63. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Larry W. Keele sold 8,334 shares of the stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $45.34, for a total transaction of $377,863.56. Following the transaction, the director now directly owns 58,655 shares of the company’s stock, valued at approximately $2,659,417.70. The disclosure for this sale can be found here.
About Oaktree Capital Group
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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