Zacks Investment Research upgraded shares of Och-Ziff Capital Management Group LLC (NYSE:OZM) from a sell rating to a hold rating in a research report released on Wednesday morning.

According to Zacks, “Och-Ziff Capital Management Group LLC is a leading, global institutional alternative asset management firm. It seeks to deliver consistent positive risk-adjusted returns throughout market cycles, with a strong focus on risk management and capital preservation. Portfolio composition is determined by market opportunities rather than any predetermined commitment to investment discipline or geography. Our diversified, multi-strategy approach is based on global investment strategies, including merger arbitrage, convertible arbitrage, equity restructuring, credit and distressed investments, private investments and real estate. “

Several other equities research analysts have also commented on OZM. ValuEngine lowered shares of Och-Ziff Capital Management Group from a buy rating to a hold rating in a research note on Saturday, November 4th. BidaskClub lowered shares of Och-Ziff Capital Management Group from a buy rating to a hold rating in a research note on Monday, July 31st. 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 note on Wednesday, October 4th. Finally, Keefe, Bruyette & Woods restated a hold rating and set a $3.25 price target on shares of Och-Ziff Capital Management Group in a research note on Tuesday, September 5th. Seven equities research analysts have rated the stock with a hold rating, Och-Ziff Capital Management Group has an average rating of Hold and an average target price of $3.25.

Shares of Och-Ziff Capital Management Group (NYSE:OZM) traded up $0.06 during trading hours on Wednesday, hitting $3.18. The stock had a trading volume of 976,556 shares, compared to its average volume of 651,573. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of -2.61. The company has a market capitalization of $1,650.00, a PE ratio of 12.88 and a beta of 1.33. Och-Ziff Capital Management Group has a 12 month low of $2.15 and a 12 month high of $3.95.

Och-Ziff Capital Management Group (NYSE:OZM) last posted its quarterly earnings data on Thursday, November 2nd. The asset manager reported $0.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.04. The firm had revenue of $125.26 million during the quarter, compared to analyst estimates of $101.92 million. Och-Ziff Capital Management Group had a net margin of 3.35% and a negative return on equity of 54.57%. The company’s revenue for the quarter was down 9.8% on a year-over-year basis. During the same quarter last year, the business posted $0.05 EPS. analysts forecast that Och-Ziff Capital Management Group will post 0.2 earnings per share for the current year.

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The business also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Monday, November 13th will be paid a dividend of $0.02 per share. The ex-dividend date is Friday, November 10th. This represents a $0.08 annualized dividend and a dividend yield of 2.52%. Och-Ziff Capital Management Group’s payout ratio is currently 100.00%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC boosted its holdings in Och-Ziff Capital Management Group by 292.1% in the 1st quarter. Jane Street Group LLC now owns 51,007 shares of the asset manager’s stock worth $115,000 after buying an additional 37,999 shares during the period. Marshall Wace North America L.P. bought a new position in Och-Ziff Capital Management Group in the 2nd quarter worth approximately $162,000. K.J. Harrison & Partners Inc bought a new position in Och-Ziff Capital Management Group in the 2nd quarter worth approximately $155,000. Nationwide Fund Advisors bought a new position in Och-Ziff Capital Management Group in the 2nd quarter worth approximately $193,000. Finally, Advisor Group Inc. bought a new position in Och-Ziff Capital Management Group in the 3rd quarter worth approximately $258,000. 17.04% of the stock is owned by institutional investors.

About Och-Ziff Capital Management Group

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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