Oaktree Capital Group LLC (OAK) Releases Earnings Results, Beats Expectations By $0.23 EPS

Oaktree Capital Group LLC (OAK) reported quarterly earnings results on Thursday, Jul-28-2016. The company said it had a profit of $0.79 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.23. Analysts had a consensus of $0.56. Analysts expectations of $316.85 million. During the same quarter in the previous year, the company posted $0.44 EPS.

Oaktree Capital Group LLC closed down -0.06 points or -0.13% at $46.93 with 3,62,736 shares getting traded on Thursday. Post opening the session at $47.68, the shares hit an intraday low of $45.62 and an intraday high of $48.32 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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 Company’s manager and is the general partner of Oaktree Capital Group Holdings L.P. which owns 100% of the Company’s 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 Company’s manager is Oaktree Capital Group Holdings GP LLC.

Oaktree Capital Group LLC

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