Institutional Investor Sentiment About Oaktree Capital Group LLC (NYSE:OAK) Improved

May 18, 2018 - By Ruby Caswell

Oaktree Capital Group, LLC (NYSE:OAK) Logo

Sentiment for Oaktree Capital Group LLC (NYSE:OAK)

Oaktree Capital Group LLC (NYSE:OAK) institutional sentiment decreased to 0.97 in Q4 2017. Its down -0.11, from 1.08 in 2017Q3. The ratio fall, as 67 funds increased or opened new equity positions, while 69 sold and decreased their stakes in Oaktree Capital Group LLC. The funds in our partner’s database now have: 35.01 million shares, up from 34.64 million shares in 2017Q3. Also, the number of funds holding Oaktree Capital Group LLC in their top 10 equity positions decreased from 5 to 4 for a decrease of 1. Sold All: 18 Reduced: 51 Increased: 46 New Position: 21.

Oaktree Capital Group, LLC operates as a global investment management firm that focuses on alternative markets. The company has market cap of $6.27 billion. 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. It has a 11.06 P/E ratio. The firm pursues these strategies through closed-end, open-end, and evergreen funds.

The stock increased 1.01% or $0.4 during the last trading session, reaching $39.9. About 181,458 shares traded. Oaktree Capital Group, LLC (NYSE:OAK) has declined 13.16% since May 18, 2017 and is downtrending. It has underperformed by 24.71% the S&P500.

Analysts await Oaktree Capital Group, LLC (NYSE:OAK) to report earnings on July, 26. They expect $0.55 earnings per share, down 68.21 % or $1.18 from last year’s $1.73 per share. OAK’s profit will be $86.46M for 18.14 P/E if the $0.55 EPS becomes a reality. After $0.93 actual earnings per share reported by Oaktree Capital Group, LLC for the previous quarter, Wall Street now forecasts -40.86 % negative EPS growth.

Hawkins Capital L.P. holds 17.3% of its portfolio in Oaktree Capital Group, LLC for 227,495 shares. Intrepid Capital Management Inc owns 291,946 shares or 4.62% of their US portfolio. Moreover, Pekin Singer Strauss Asset Management Il has 3.14% invested in the company for 407,306 shares. The North Carolina-based Global Endowment Management Lp has invested 3.01% in the stock. Blume Capital Management Inc., a California-based fund reported 138,300 shares.

Since January 1, 0001, it had 0 insider buys, and 1 sale for $116,235 activity.

Oaktree Capital Group, LLC (NYSE:OAK) Ratings Coverage

Ratings analysis reveals 17% of Oaktree Capital Group’s analysts are positive. Out of 6 Wall Street analysts rating Oaktree Capital Group, 1 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $42 while the high is $57. The stock’s average target of $47.60 is 19.30% above today’s ($39.9) share price. OAK was included in 8 notes of analysts from February 13, 2018. The rating was maintained by Morgan Stanley on Thursday, March 1 with “Overweight”. The firm has “Overweight” rating given on Tuesday, April 10 by Morgan Stanley. JP Morgan maintained Oaktree Capital Group, LLC (NYSE:OAK) on Tuesday, February 13 with “Neutral” rating. The rating was maintained by Deutsche Bank on Friday, April 6 with “Hold”. Keefe Bruyette & Woods downgraded the stock to “Hold” rating in Friday, April 27 report. The company was maintained on Wednesday, April 11 by Jefferies. As per Wednesday, April 11, the company rating was maintained by Keefe Bruyette & Woods. The rating was downgraded by Wood to “Market Perform” on Friday, April 27.

More important recent Oaktree Capital Group, LLC (NYSE:OAK) news were published by: Bizjournals.com which released: “Uptown office tower sells for $133.5M after major renovations” on May 18, 2018, also Businesswire.com published article titled: “Oaktree Capital Group, LLC Announces Pricing of Public Offering of Series A Preferred Units”, Seekingalpha.com published: “Oaktree Capital Group LLC (OAK) Q1 2018 Results – Earnings Call Transcript” on April 26, 2018. More interesting news about Oaktree Capital Group, LLC (NYSE:OAK) was released by: Gurufocus.com and their article: “Chris Davis’ Top 3 Buys of the 1st Quarter” with publication date: May 14, 2018.

Oaktree Capital Group, LLC (NYSE:OAK) Institutional Positions Chart

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