D.A. Davidson & CO. lowered its holdings in shares of Oaktree Capital Management (NYSE:OAK) by 43.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,820 shares of the asset manager’s stock after selling 10,405 shares during the quarter. D.A. Davidson & CO.’s holdings in Oaktree Capital Management were worth $547,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Carroll Financial Associates Inc. increased its position in shares of Oaktree Capital Management by 200.0% during the 4th quarter. Carroll Financial Associates Inc. now owns 3,000 shares of the asset manager’s stock valued at $126,000 after purchasing an additional 2,000 shares during the last quarter. Tower Research Capital LLC TRC purchased a new stake in shares of Oaktree Capital Management during the 4th quarter valued at about $175,000. 180 Wealth Advisors LLC purchased a new stake in shares of Oaktree Capital Management during the 4th quarter valued at about $201,000. Virtu Financial LLC purchased a new stake in shares of Oaktree Capital Management during the 4th quarter valued at about $202,000. Finally, Sterneck Capital Management LLC purchased a new stake in shares of Oaktree Capital Management during the 4th quarter valued at about $211,000. 23.19% of the stock is owned by hedge funds and other institutional investors.

In other Oaktree Capital Management news, Director Oaktree Capital Group Holdings sold 1,821,377 shares of the company’s stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $20.15, for a total value of $36,700,746.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Oaktree Capital Management Lp purchased 5,634 shares of the company’s stock in a transaction on Wednesday, May 16th. The stock was acquired at an average price of $6.09 per share, with a total value of $34,311.06. The disclosure for this purchase can be found here. Insiders acquired a total of 338,273 shares of company stock valued at $2,271,905 over the last 90 days.

Oaktree Capital Management opened at $39.90 on Friday, MarketBeat.com reports. The company has a market capitalization of $6.22 billion, a P/E ratio of 10.05, a PEG ratio of 0.86 and a beta of 0.69. Oaktree Capital Management has a 12-month low of $39.45 and a 12-month high of $39.65. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 2.40.

Oaktree Capital Management (NYSE:OAK) last released its earnings results on Thursday, April 26th. The asset manager reported $0.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.23. The company had revenue of $451.20 million during the quarter, compared to analyst estimates of $331.82 million. Oaktree Capital Management had a net margin of 15.11% and a return on equity of 12.90%. The firm’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.86 EPS. analysts forecast that Oaktree Capital Management will post 3.08 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, May 11th. Shareholders of record on Monday, May 7th were paid a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 9.62%. This is an increase from Oaktree Capital Management’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend was Friday, May 4th. Oaktree Capital Management’s dividend payout ratio is presently 96.73%.

Several equities research analysts recently issued reports on OAK shares. Zacks Investment Research lowered shares of Oaktree Capital Management from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 9th. ValuEngine lowered shares of Oaktree Capital Management from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. JPMorgan Chase reduced their target price on shares of Oaktree Capital Management from $53.00 to $51.00 and set a “neutral” rating for the company in a report on Tuesday, February 13th. Morgan Stanley reduced their target price on shares of Oaktree Capital Management from $57.00 to $56.00 and set an “overweight” rating for the company in a report on Tuesday, April 10th. Finally, Deutsche Bank reduced their target price on shares of Oaktree Capital Management from $44.00 to $42.00 and set a “hold” rating for the company in a report on Friday, April 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $49.40.

Oaktree Capital Management Profile

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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Institutional Ownership by Quarter for Oaktree Capital Management (NYSE:OAK)

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