Och-Ziff Capital Management Group (OZM) Posts Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Och-Ziff Capital Management Group (NYSE:OZM) released its earnings results on Friday. The asset manager reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.06, Bloomberg Earnings reports. Och-Ziff Capital Management Group had a net margin of 3.35% and a negative return on equity of 54.57%. The business had revenue of $438.24 million during the quarter, compared to analysts’ expectations of $450.09 million. During the same quarter last year, the company earned $0.01 earnings per share. The firm’s revenue was up 55.8% on a year-over-year basis.

Och-Ziff Capital Management Group (NYSE OZM) traded up $0.14 during trading hours on Friday, reaching $2.59. 1,081,470 shares of the company traded hands, compared to its average volume of 1,122,336. Och-Ziff Capital Management Group has a 52-week low of $2.15 and a 52-week high of $3.95. The company has a debt-to-equity ratio of -2.61, a current ratio of 1.57 and a quick ratio of 1.57. The firm has a market capitalization of $1,359.17, a price-to-earnings ratio of 28.78 and a beta of 1.21.

The firm also recently declared a dividend, which will be paid on Monday, March 5th. Investors of record on Monday, February 26th will be given a $0.07 dividend. The ex-dividend date is Friday, February 23rd. Och-Ziff Capital Management Group’s dividend payout ratio (DPR) is presently 88.90%.

In related news, CAO Erez Elisha sold 47,699 shares of the stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $2.51, for a total value of $119,724.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 60.25% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. North Run Capital LP increased its holdings in shares of Och-Ziff Capital Management Group by 6.6% during the fourth quarter. North Run Capital LP now owns 4,050,000 shares of the asset manager’s stock worth $10,125,000 after buying an additional 250,000 shares in the last quarter. Artemis Investment Management LLP increased its holdings in shares of Och-Ziff Capital Management Group by 18.2% during the third quarter. Artemis Investment Management LLP now owns 3,240,000 shares of the asset manager’s stock worth $10,384,000 after buying an additional 500,000 shares in the last quarter. Glacier Peak Capital LLC increased its holdings in shares of Och-Ziff Capital Management Group by 24.3% during the fourth quarter. Glacier Peak Capital LLC now owns 2,587,540 shares of the asset manager’s stock worth $8,332,000 after buying an additional 505,185 shares in the last quarter. Deutsche Bank AG increased its holdings in shares of Och-Ziff Capital Management Group by 173.2% during the fourth quarter. Deutsche Bank AG now owns 2,444,399 shares of the asset manager’s stock worth $6,110,000 after buying an additional 1,549,568 shares in the last quarter. Finally, Continental Advisors LLC increased its holdings in shares of Och-Ziff Capital Management Group by 1.9% during the third quarter. Continental Advisors LLC now owns 2,147,593 shares of the asset manager’s stock worth $6,915,000 after buying an additional 40,000 shares in the last quarter. 16.70% of the stock is owned by institutional investors.

OZM has been the subject of several recent research reports. ValuEngine lowered shares of Och-Ziff Capital Management Group from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Zacks Investment Research raised shares of Och-Ziff Capital Management Group from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $3.17.

TRADEMARK VIOLATION NOTICE: This article was originally posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this article on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark laws. The legal version of this article can be accessed at https://stocknewstimes.com/2018/02/18/och-ziff-capital-management-group-ozm-posts-quarterly-earnings-results-beats-expectations-by-0-06-eps.html.

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.

Earnings History for Och-Ziff Capital Management Group (NYSE:OZM)

Receive News & Ratings for Och-Ziff Capital Management Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Och-Ziff Capital Management Group and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply