Oaktree Capital Group LLC (OAK) reported quarterly earnings results on Thursday, Apr-28-2016. The company reported $0.49 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $0.50. The company posted revenue of $312.90 million in the period, compared to analysts expectations of $290.49 million. The company’s revenue was down -21.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 EPS.
Many Wall Street Analysts have commented on Oaktree Capital Group LLC. Company shares were Reiterated by Deutsche Bank on Mar 11, 2016 to “Buy”, Firm has raised the Price Target to $ 53 from a previous price target of $50 .
Oaktree Capital Group LLC opened for trading at $48.6 and hit $49.495 on the upside on Wednesday, eventually ending the session at $48.78, with a gain of 0.64% or 0.31 points. The heightened volatility saw the trading volume jump to 2,74,586 shares. Company has a market cap of $7,505 M.
In a different news, on Mar 11, 2016, Todd E Molz (officer ) sold 8,200 shares at $48.21 per share price. According to the SEC, on Mar 9, 2016, John Frank (Vice Chairman) sold 8,333 shares at $48.13 per share price. On Feb 19, 2016, David M Kirchheimer (director officer ) sold 2,333 shares at $45.35 per share price, according to the Form-4 filing with the securities and exchange commission.
Oaktree Capital Group LLC (Oaktree) is a global investment manager specializing in alternative investments. The Company manages investments in a range of strategies within six asset classes which include corporate debt convertible securities distressed debt control investing real estate and listed equities. The Company’s business consists of its investment management segment which consists of the investment management services that the Company provides to its clients. Oaktree Capital Group Holdings GP LLC acts as the Companys manager and is the general partner of Oaktree Capital Group Holdings L.P. which owns 100% of the Companys outstanding Class B units. OCGH is owned by the OCGH unitholders. The Funds managed by Oaktree include both separate accounts and commingled funds. The commingled funds include open-end and closed-end limited partnerships. The Companys manager is Oaktree Capital Group Holdings GP LLC.