Osborne Partners Capital Management LLC Invests $1,534,000 in Oaktree Capital Group, LLC (OAK)

Osborne Partners Capital Management LLC Invests $1,534,000 in Oaktree Capital Group, LLC (OAK)

Osborne Partners Capital Management LLC bought a new stake in shares of Oaktree Capital Group, LLC (NYSE:OAK) during the third quarter, Holdings Channel reports. The firm bought 36,180 shares of the company’s stock, valued at approximately $1,534,000. Osborne Partners Capital Management LLC owned about 0.06% of Oaktree Capital Group at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Teachers Advisors Inc. raised its position in Oaktree Capital Group by 12.9% in the second quarter. Teachers Advisors Inc. now owns 164,408 shares of the company’s stock valued at $7,359,000 after buying an additional 18,838 shares during the last quarter. TIAA CREF Investment Management LLC raised its position in Oaktree Capital Group by 13.7% in the second quarter. TIAA CREF Investment Management LLC now owns 106,946 shares of the company’s stock valued at $4,787,000 after buying an additional 12,918 shares during the last quarter. Blume Capital Management Inc. raised its position in Oaktree Capital Group by 1.8% in the second quarter. Blume Capital Management Inc. now owns 105,350 shares of the company’s stock valued at $4,715,000 after buying an additional 1,850 shares during the last quarter. Lebenthal Asset Management LLC purchased a new position in Oaktree Capital Group during the second quarter valued at about $305,000. Finally, Janney Montgomery Scott LLC raised its position in Oaktree Capital Group by 50.7% in the second quarter. Janney Montgomery Scott LLC now owns 54,642 shares of the company’s stock valued at $2,446,000 after buying an additional 18,386 shares during the last quarter. Institutional investors and hedge funds own 22.19% of the company’s stock.

Shares of Oaktree Capital Group, LLC (NYSE:OAK) traded up 0.36% during trading on Friday, hitting $41.75. 12,249 shares of the stock traded hands. The company has a 50 day moving average price of $39.68 and a 200 day moving average price of $42.15. Oaktree Capital Group, LLC has a 12 month low of $36.95 and a 12 month high of $50.15. The firm has a market cap of $2.63 billion, a price-to-earnings ratio of 17.25 and a beta of 0.51.

Oaktree Capital Group (NYSE:OAK) last released its earnings results on Friday, October 28th. The company reported $0.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.25. Oaktree Capital Group had a net margin of 16.75% and a return on equity of 12.87%. The company had revenue of $365.01 million for the quarter, compared to analyst estimates of $313.59 million. During the same quarter last year, the firm earned $0.11 EPS. The firm’s quarterly revenue was up 99.7% compared to the same quarter last year. Analysts anticipate that Oaktree Capital Group, LLC will post $2.78 earnings per share for the current fiscal year.

Several equities analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Oaktree Capital Group from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a report on Thursday, September 29th. Barclays PLC lowered shares of Oaktree Capital Group from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $45.00 to $38.00 in a report on Thursday, October 13th. Oppenheimer Holdings, Inc. assumed coverage on shares of Oaktree Capital Group in a report on Tuesday, December 6th. They issued a “market perform” rating on the stock. Deutsche Bank AG lowered shares of Oaktree Capital Group from a “buy” rating to a “hold” rating and dropped their target price for the company from $44.00 to $40.00 in a report on Tuesday, December 20th. Finally, Bank of America Corp lowered shares of Oaktree Capital Group from a “buy” rating to a “neutral” rating in a report on Friday, December 16th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. Oaktree Capital Group has an average rating of “Hold” and an average price target of $48.33.

In related news, Director Oaktree Capital Group Holdings sold 10,350,000 shares of the stock in a transaction on Monday, December 5th. The shares were sold at an average price of $5.36, for a total transaction of $55,476,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

About Oaktree Capital Group

Oaktree Capital Group, LLC (Oaktree) is a global investment manager specializing in alternative investments. 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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