Och-Ziff Capital Management Group LLC (NYSE:OZM)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $3.74, but opened at $3.67. Och-Ziff Capital Management Group shares last traded at $3.70, with a volume of 631,471 shares traded.

Several research firms have commented on OZM. Jefferies Group LLC increased their price objective on shares of Och-Ziff Capital Management Group from $3.00 to $3.50 and gave the company a “hold” rating in a research report on Wednesday. BidaskClub lowered shares of Och-Ziff Capital Management Group from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $2.50 price objective on shares of Och-Ziff Capital Management Group in a research report on Thursday, July 6th. Finally, Zacks Investment Research upgraded shares of Och-Ziff Capital Management Group from a “hold” rating to a “strong-buy” rating and set a $3.25 price objective for the company in a research report on Friday, July 14th. Seven analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. Och-Ziff Capital Management Group has a consensus rating of “Hold” and an average target price of $3.20.

The firm’s market capitalization is $685.31 million. The company’s 50-day moving average is $2.98 and its 200-day moving average is $2.65.

Och-Ziff Capital Management Group (NYSE:OZM) last released its earnings results on Wednesday, August 2nd. The asset manager reported $0.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.08. Och-Ziff Capital Management Group had a net margin of 4.46% and a negative return on equity of 55.73%. The business had revenue of $148.95 million during the quarter, compared to analyst estimates of $90.65 million. During the same quarter in the prior year, the firm earned $0.06 earnings per share. Equities research analysts forecast that Och-Ziff Capital Management Group LLC will post $0.55 EPS for the current fiscal year.

Several hedge funds have recently made changes to their positions in OZM. Jane Street Group LLC boosted its position in shares of Och-Ziff Capital Management Group by 292.1% during the 1st quarter. Jane Street Group LLC now owns 51,007 shares of the asset manager’s stock valued at $115,000 after acquiring an additional 37,999 shares during the last quarter. K.J. Harrison & Partners Inc acquired a new position in shares of Och-Ziff Capital Management Group during the 2nd quarter valued at about $155,000. Marshall Wace North America L.P. acquired a new position in shares of Och-Ziff Capital Management Group during the 2nd quarter valued at about $162,000. Nationwide Fund Advisors acquired a new position in shares of Och-Ziff Capital Management Group during the 2nd quarter valued at about $193,000. Finally, Credit Suisse AG acquired a new position in shares of Och-Ziff Capital Management Group during the 1st quarter valued at about $226,000. 17.03% of the stock is currently owned by hedge funds and other institutional investors.

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Och-Ziff Capital Management Group Company Profile

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 real estate business.

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