Shares of Och-Ziff Capital Management Group LLC (NYSE:OZM) have received an average recommendation of “Hold” from the ten analysts that are covering the firm, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $3.46.
Several equities research analysts have recently issued reports on OZM shares. BidaskClub raised Och-Ziff Capital Management Group from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $2.50 price target on shares of Och-Ziff Capital Management Group in a research report on Thursday, July 6th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $2.50 price target on shares of Och-Ziff Capital Management Group in a research report on Wednesday, June 28th. ValuEngine downgraded Och-Ziff Capital Management Group from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Zacks Investment Research raised Och-Ziff Capital Management Group from a “hold” rating to a “strong-buy” rating and set a $3.25 target price on the stock in a research report on Friday, July 14th.
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A number of hedge funds and other institutional investors have recently made changes to their positions in OZM. Lucus Advisors LLC acquired a new position in shares of Och-Ziff Capital Management Group during the first quarter worth approximately $421,000. Abrams Capital Management L.P. boosted its position in shares of Och-Ziff Capital Management Group by 17.4% in the first quarter. Abrams Capital Management L.P. now owns 22,238,592 shares of the asset manager’s stock worth $50,259,000 after buying an additional 3,288,600 shares in the last quarter. KCG Holdings Inc. acquired a new position in shares of Och-Ziff Capital Management Group during the first quarter worth approximately $273,000. Renaissance Technologies LLC acquired a new position in shares of Och-Ziff Capital Management Group during the first quarter worth approximately $365,000. Finally, UBS Group AG boosted its position in shares of Och-Ziff Capital Management Group by 16.6% in the first quarter. UBS Group AG now owns 1,551,500 shares of the asset manager’s stock worth $3,507,000 after buying an additional 220,660 shares in the last quarter. Hedge funds and other institutional investors own 54.88% of the company’s stock.
Shares of Och-Ziff Capital Management Group (NYSE:OZM) traded down 2.03% on Tuesday, reaching $2.89. The company had a trading volume of 98,424 shares. Och-Ziff Capital Management Group has a 52-week low of $2.15 and a 52-week high of $4.78. The company has a 50-day moving average price of $2.98 and a 200-day moving average price of $2.65. The firm’s market capitalization is $535.28 million.
Och-Ziff Capital Management Group (NYSE:OZM) last issued its quarterly earnings results on Wednesday, August 2nd. The asset manager reported $0.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.08. The company had revenue of $148.95 million for the quarter, compared to the consensus estimate of $90.65 million. Och-Ziff Capital Management Group had a negative return on equity of 55.73% and a net margin of 4.46%. During the same period last year, the business posted $0.06 earnings per share. Equities research analysts forecast that Och-Ziff Capital Management Group will post $0.55 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, August 21st. Shareholders of record on Monday, August 14th were paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend was Thursday, August 10th. Och-Ziff Capital Management Group’s dividend payout ratio is 80.00%.
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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