Shares of Och-Ziff Capital Management Group LLC (NYSE:OZM) have received a consensus recommendation of “Hold” from the nine analysts that are presently covering the firm. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $4.00.
Several analysts have recently weighed in on the company. Zacks Investment Research upgraded Och-Ziff Capital Management Group from a “hold” rating to a “strong-buy” rating and set a $3.75 price target on the stock in a report on Saturday, January 7th. JPMorgan Chase & Co. cut Och-Ziff Capital Management Group from an “overweight” rating to a “neutral” rating in a report on Thursday, February 16th. Finally, Credit Suisse Group AG set a $3.00 price target on Och-Ziff Capital Management Group and gave the stock a “hold” rating in a report on Thursday, February 16th.
Och-Ziff Capital Management Group (NYSE:OZM) opened at 2.29 on Tuesday. The company’s market cap is $423.44 million. The stock has a 50 day moving average of $2.86 and a 200 day moving average of $3.22. Och-Ziff Capital Management Group has a 52 week low of $2.15 and a 52 week high of $4.78.
Och-Ziff Capital Management Group (NYSE:OZM) last issued its earnings results on Wednesday, February 15th. The company reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by $0.05. The business 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 was down 18.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.07) EPS. Equities research analysts predict that Och-Ziff Capital Management Group will post $0.37 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, March 6th. Stockholders of record on Monday, February 27th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend was Thursday, February 23rd.
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In related news, insider Erez Elisha sold 27,669 shares of the company’s stock in a transaction that occurred on Friday, December 30th. The stock was sold at an average price of $3.25, for a total value of $89,924.25. Following the sale, the insider now directly owns 27,669 shares in the company, valued at $89,924.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Abrams Capital Management, L.P bought 250,000 shares of Och-Ziff Capital Management Group stock in a transaction that occurred on Wednesday, January 11th. The stock was bought at an average price of $3.19 per share, for a total transaction of $797,500.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 3,802,080 shares of company stock worth $12,222,527. Company insiders own 63.20% of the company’s stock.
A number of hedge funds have recently made changes to their positions in OZM. Two Sigma Investments LP bought a new stake in shares of Och-Ziff Capital Management Group during the fourth quarter valued at approximately $183,000. Chesapeake Asset Management LLC bought a new stake in shares of Och-Ziff Capital Management Group during the third quarter valued at approximately $282,000. California Public Employees Retirement System boosted its stake 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 last quarter. CQS Cayman LP bought a new stake in shares of Och-Ziff Capital Management Group during the third quarter valued at approximately $703,000. Finally, FMR LLC bought a new stake in shares of Och-Ziff Capital Management Group during the fourth quarter valued at approximately $826,000. Institutional investors and hedge funds 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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