Belpointe Asset Management LLC Acquires New Position in Oaktree Capital Group LLC (OAK)
Belpointe Asset Management LLC acquired a new stake in shares of Oaktree Capital Group LLC (NYSE:OAK) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 6,952 shares of the asset manager’s stock, valued at approximately $327,000.
Several other large investors also recently made changes to their positions in the company. Bronfman E.L. Rothschild L.P. bought a new stake in shares of Oaktree Capital Group in the second quarter worth about $110,000. Stelac Advisory Services LLC bought a new stake in shares of Oaktree Capital Group in the third quarter worth about $113,000. Penserra Capital Management LLC grew its stake in shares of Oaktree Capital Group by 10.0% in the second quarter. Penserra Capital Management LLC now owns 2,471 shares of the asset manager’s stock worth $115,000 after purchasing an additional 224 shares during the last quarter. US Bancorp DE grew its stake in shares of Oaktree Capital Group by 59.2% in the second quarter. US Bancorp DE now owns 3,025 shares of the asset manager’s stock worth $141,000 after purchasing an additional 1,125 shares during the last quarter. Finally, IFP Advisors Inc grew its stake in shares of Oaktree Capital Group by 698.4% in the third quarter. IFP Advisors Inc now owns 3,545 shares of the asset manager’s stock worth $167,000 after purchasing an additional 3,101 shares during the last quarter. 22.60% of the stock is currently owned by hedge funds and other institutional investors.
In other Oaktree Capital Group news, Director Ocm Growth Holdings Llc bought 1,413,922 shares of the stock in a transaction dated Friday, December 8th. The stock was purchased at an average cost of $15.00 per share, for a total transaction of $21,208,830.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Oaktree Capital Management Lp bought 28,800 shares of the stock in a transaction dated Wednesday, December 13th. The shares were acquired at an average price of $8.63 per share, with a total value of $248,544.00. The disclosure for this purchase can be found here.
Shares of Oaktree Capital Group LLC (NYSE OAK) opened at $41.70 on Friday. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 2.37. Oaktree Capital Group LLC has a 1-year low of $36.95 and a 1-year high of $48.50. The company has a market cap of $6,514.17, a PE ratio of 10.00, a price-to-earnings-growth ratio of 0.86 and a beta of 0.57.
Oaktree Capital Group (NYSE:OAK) last issued its quarterly earnings data on Thursday, October 26th. The asset manager reported $0.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.11. Oaktree Capital Group had a net margin of 19.04% and a return on equity of 18.88%. The business had revenue of $304.80 million during the quarter, compared to analyst estimates of $281.61 million. During the same period last year, the business posted $0.92 earnings per share. Oaktree Capital Group’s quarterly revenue was down 16.5% compared to the same quarter last year. equities analysts anticipate that Oaktree Capital Group LLC will post 3.86 EPS for the current fiscal year.
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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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