Headlines about Oaktree Capital Group (NYSE:OAK) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Oaktree Capital Group earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned press coverage about the asset manager an impact score of 46.2290520433597 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the media headlines that may have effected Accern’s scoring:
- TheStreet Downgrades Oaktree Capital Group, LLC (OAK) to C+ (americanbankingnews.com)
- Oaktree Announces Agreement for $250M Senior Notes Offering (seekingalpha.com)
- OAKTREE CAPITAL GROUP, LLC : Other Events, Financial Statements and Exhibits (form 8-K) (4-traders.com)
- Oaktree Announces Definitive Agreement for $250 Million Senior Notes Offering (finance.yahoo.com)
A number of research firms have recently issued reports on OAK. Morgan Stanley increased their target price on Oaktree Capital Group from $54.00 to $55.00 and gave the company an “outperform” rating in a report on Tuesday, August 8th. BidaskClub upgraded Oaktree Capital Group from a “hold” rating to a “buy” rating in a report on Saturday, August 5th. TheStreet lowered Oaktree Capital Group from a “b-” rating to a “c+” rating in a report on Friday. Jefferies Group LLC reiterated a “hold” rating and set a $49.00 price objective on shares of Oaktree Capital Group in a report on Sunday, July 30th. Finally, Zacks Investment Research lowered Oaktree Capital Group from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $49.50.
Shares of Oaktree Capital Group (NYSE OAK) traded up $0.20 during trading hours on Tuesday, hitting $42.60. The company had a trading volume of 141,700 shares, compared to its average volume of 223,588. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 2.37. Oaktree Capital Group has a twelve month low of $36.95 and a twelve month high of $48.50. The stock has a market capitalization of $6,670.00, a price-to-earnings ratio of 10.17, a price-to-earnings-growth ratio of 0.88 and a beta of 0.61.
Oaktree Capital Group (NYSE:OAK) last announced its quarterly earnings data on Thursday, October 26th. The asset manager reported $0.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.11. Oaktree Capital Group had a return on equity of 18.88% and a net margin of 19.04%. The business had revenue of $304.80 million during the quarter, compared to analyst estimates of $281.61 million. During the same period last year, the company earned $0.92 earnings per share. Oaktree Capital Group’s quarterly revenue was down 16.5% compared to the same quarter last year. sell-side analysts anticipate that Oaktree Capital Group will post 3.85 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 10th. Investors of record on Monday, November 6th were issued a dividend of $0.56 per share. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $2.24 annualized dividend and a dividend yield of 5.26%. Oaktree Capital Group’s dividend payout ratio is 51.49%.
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Oaktree Capital Group Company Profile
Oaktree Capital Group, LLC (Oaktree) is an investment manager specializing in alternative investments. The Company operates through investment management segment, which consists of the investment management services that the Company provides to its clients. The Company manages investments in a range of strategies within approximately six asset classes, which include corporate debt, convertible securities, distressed debt, control investing, real estate and listed equities.
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