ValuEngine upgraded shares of Och-Ziff Capital Management Group (NYSE:OZM) from a sell rating to a hold rating in a research note released on Friday.

Other analysts have also recently issued reports about the company. Zacks Investment Research cut Och-Ziff Capital Management Group from a buy rating to a hold rating in a research report on Thursday, September 6th. Citigroup set a $3.00 price objective on Och-Ziff Capital Management Group and gave the stock a buy rating in a research report on Monday, November 5th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $2.50.

NYSE:OZM traded up $0.35 during mid-day trading on Friday, reaching $1.55. 3,515,539 shares of the stock were exchanged, compared to its average volume of 490,284. The company has a market capitalization of $590.35 million, a PE ratio of 3.43 and a beta of 0.95. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 29.62. Och-Ziff Capital Management Group has a 1 year low of $0.94 and a 1 year high of $2.92.

Och-Ziff Capital Management Group shares are scheduled to reverse split before the market opens on Friday, January 4th. The 1-10 reverse split was announced on Thursday, December 6th. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, January 3rd.

Och-Ziff Capital Management Group (NYSE:OZM) last released its quarterly earnings results on Friday, November 2nd. The asset manager reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05). The firm had revenue of $89.10 million for the quarter, compared to analysts’ expectations of $86.97 million. Och-Ziff Capital Management Group had a negative return on equity of 780.34% and a negative net margin of 2.17%. As a group, sell-side analysts anticipate that Och-Ziff Capital Management Group will post 0.16 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 20th. Shareholders of record on Tuesday, November 13th were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Friday, November 9th. This represents a $0.08 dividend on an annualized basis and a yield of 5.16%. Och-Ziff Capital Management Group’s payout ratio is 15.69%.

In other Och-Ziff Capital Management Group news, insider David Michael Levine sold 26,186 shares of the stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $1.66, for a total transaction of $43,468.76. Following the completion of the sale, the insider now directly owns 26,186 shares of the company’s stock, valued at approximately $43,468.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 62.31% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of OZM. GSA Capital Partners LLP lifted its position in Och-Ziff Capital Management Group by 105.4% during the 2nd quarter. GSA Capital Partners LLP now owns 478,241 shares of the asset manager’s stock worth $923,000 after acquiring an additional 245,414 shares during the period. Algebris UK Ltd lifted its position in Och-Ziff Capital Management Group by 76.0% during the 2nd quarter. Algebris UK Ltd now owns 3,617,507 shares of the asset manager’s stock worth $6,982,000 after acquiring an additional 1,561,707 shares during the period. Finally, Miller Value Partners LLC acquired a new stake in Och-Ziff Capital Management Group during the 2nd quarter worth approximately $579,000. 16.40% of the stock is owned by institutional investors.

About Och-Ziff Capital Management Group

Och-Ziff Capital Management Group LLC is a publicly owned hedge fund sponsor. The firm provides investment advisory services for its clients. It primarily caters to institutional investors which include pension funds, fund-of-funds, foundations and endowments, corporations and other institutions, private banks and family offices.

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