Oaktree Capital Group LLC(NYSE:OAK) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $332.82M. Analysts estimated a revenue of $317.80M. Earnings per share were $0.79. Analysts had estimated an EPS of $0.57.
In a different note, On Jun 16, 2016, Deutsche Bank said it Maintains its rating on Oaktree Capital Group LLC. In the research note, the firm Lowers the price-target to $53.00 per share. The shares have been rated ‘Buy’ by the firm.
Oaktree Capital Group LLC (OAK) shares turned negative on Thursdays trading session with the shares closing down -0.21 points or -0.47% at a volume of 1,69,036. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $45.499. The peak price level was also seen at $45.499 while the days lowest was $44.58. Finally the shares closed at $44.9. The 52-week high of the shares is $55.83 while the 52-week low is $38.66. According to the latest information available, the market cap of the company is $6,962 M.
Several Insider Transactions has been reported to the SEC. On Mar 11, 2016, Todd E Molz (officer ) sold 8,200 shares at $48.21 per share price.Also, 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.