Oaktree Capital Group LLC Unit (NYSE:OAK) shares hit a new 52-week high on Monday . The company traded as high as $50.58 and last traded at $50.50, with a volume of 30166 shares changing hands. The stock had previously closed at $50.46.

A number of brokerages have weighed in on OAK. ValuEngine cut shares of Oaktree Capital Group LLC Unit from a “buy” rating to a “hold” rating in a research report on Friday, April 5th. Wells Fargo & Co lifted their price target on shares of Oaktree Capital Group LLC Unit from $44.00 to $49.00 and gave the company a “market perform” rating in a research report on Thursday, March 14th. Morgan Stanley cut shares of Oaktree Capital Group LLC Unit from an “overweight” rating to an “equal weight” rating in a research report on Thursday, March 14th. Finally, Zacks Investment Research raised shares of Oaktree Capital Group LLC Unit from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research report on Thursday, March 7th. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $46.50.

The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 2.75. The stock has a market capitalization of $7.92 billion, a P/E ratio of 19.23, a price-to-earnings-growth ratio of 1.38 and a beta of 0.54.

Oaktree Capital Group LLC Unit (NYSE:OAK) last posted its earnings results on Tuesday, February 5th. The asset manager reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.02. Oaktree Capital Group LLC Unit had a net margin of 16.12% and a return on equity of 16.17%. The business had revenue of $290.17 million for the quarter, compared to analysts’ expectations of $244.20 million. During the same period in the previous year, the company posted $0.72 earnings per share. The business’s revenue for the quarter was down 11.4% compared to the same quarter last year. Research analysts anticipate that Oaktree Capital Group LLC Unit will post 3.42 EPS for the current fiscal year.

In related news, major shareholder Oaktree Capital Group Holdings purchased 77,065 shares of the business’s stock in a transaction that occurred on Friday, March 29th. The shares were purchased at an average cost of $4.57 per share, with a total value of $352,187.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders purchased 147,938 shares of company stock worth $675,376 over the last ninety days.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Carroll Financial Associates Inc. acquired a new stake in Oaktree Capital Group LLC Unit in the fourth quarter valued at $33,000. Cordasco Financial Network acquired a new stake in Oaktree Capital Group LLC Unit in the first quarter valued at $35,000. M&R Capital Management Inc. raised its holdings in Oaktree Capital Group LLC Unit by 534.5% in the fourth quarter. M&R Capital Management Inc. now owns 3,680 shares of the asset manager’s stock valued at $146,000 after acquiring an additional 3,100 shares in the last quarter. We Are One Seven LLC acquired a new stake in Oaktree Capital Group LLC Unit in the fourth quarter valued at $165,000. Finally, Barclays PLC raised its holdings in Oaktree Capital Group LLC Unit by 1,545.7% in the fourth quarter. Barclays PLC now owns 5,217 shares of the asset manager’s stock valued at $208,000 after acquiring an additional 4,900 shares in the last quarter. 28.20% of the stock is currently owned by hedge funds and other institutional investors.

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About Oaktree Capital Group LLC Unit (NYSE:OAK)

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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