Thomas Michael Sipp Sells 3,537 Shares of Och-Ziff Capital Management Group Inc (OZM) Stock

Och-Ziff Capital Management Group Inc (NYSE:OZM) CFO Thomas Michael Sipp sold 3,537 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $15.57, for a total value of $55,071.09. Following the sale, the chief financial officer now directly owns 105,507 shares of the company’s stock, valued at approximately $1,642,743.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Thomas Michael Sipp also recently made the following trade(s):

  • On Tuesday, May 14th, Thomas Michael Sipp sold 19,531 shares of Och-Ziff Capital Management Group stock. The shares were sold at an average price of $17.95, for a total value of $350,581.45.
  • On Friday, May 10th, Thomas Michael Sipp sold 26,416 shares of Och-Ziff Capital Management Group stock. The shares were sold at an average price of $16.70, for a total value of $441,147.20.
  • On Tuesday, May 7th, Thomas Michael Sipp sold 9,242 shares of Och-Ziff Capital Management Group stock. The shares were sold at an average price of $15.83, for a total value of $146,300.86.

OZM traded up $0.21 during trading on Thursday, hitting $18.46. 118,687 shares of the stock were exchanged, compared to its average volume of 133,783. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 5.03. The company has a market capitalization of $908.85 million, a P/E ratio of 15.78 and a beta of 1.33. Och-Ziff Capital Management Group Inc has a 1 year low of $8.60 and a 1 year high of $23.00.

Och-Ziff Capital Management Group (NYSE:OZM) last announced its earnings results on Thursday, May 9th. The asset manager reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.38. The business had revenue of $116.98 million for the quarter, compared to analysts’ expectations of $81.23 million. Och-Ziff Capital Management Group had a positive return on equity of 288.89% and a negative net margin of 6.98%. Equities analysts anticipate that Och-Ziff Capital Management Group Inc will post 1.88 earnings per share for the current year.

The firm also recently disclosed a special dividend, which was paid on Tuesday, May 28th. Stockholders of record on Monday, May 20th were given a $0.37 dividend. The ex-dividend date was Friday, May 17th. This represents a dividend yield of 5.25%. Och-Ziff Capital Management Group’s payout ratio is 126.50%.

OZM has been the topic of a number of recent research reports. Zacks Investment Research downgraded Och-Ziff Capital Management Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 20th. ValuEngine upgraded Och-Ziff Capital Management Group from a “hold” rating to a “buy” rating in a report on Wednesday, May 8th.

A number of hedge funds have recently modified their holdings of OZM. Caz Investments LP raised its stake in Och-Ziff Capital Management Group by 100.0% in the 4th quarter. Caz Investments LP now owns 250,000 shares of the asset manager’s stock worth $230,000 after acquiring an additional 125,000 shares during the last quarter. Algebris UK Ltd raised its stake in Och-Ziff Capital Management Group by 4.3% in the 4th quarter. Algebris UK Ltd now owns 2,488,995 shares of the asset manager’s stock worth $2,290,000 after acquiring an additional 102,495 shares during the last quarter. Quinn Opportunity Partners LLC raised its stake in shares of Och-Ziff Capital Management Group by 4.3% during the 4th quarter. Quinn Opportunity Partners LLC now owns 1,976,338 shares of the asset manager’s stock valued at $1,818,000 after buying an additional 80,900 shares during the last quarter. Odey Asset Management Group Ltd raised its stake in shares of Och-Ziff Capital Management Group by 0.5% during the 4th quarter. Odey Asset Management Group Ltd now owns 5,966,566 shares of the asset manager’s stock valued at $54,892,000 after buying an additional 32,047 shares during the last quarter. Finally, Searle & CO. raised its stake in shares of Och-Ziff Capital Management Group by 13.8% during the 4th quarter. Searle & CO. now owns 205,700 shares of the asset manager’s stock valued at $189,000 after buying an additional 25,000 shares during the last quarter. Institutional investors own 15.75% of the company’s stock.

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About Och-Ziff Capital Management Group

Och-Ziff Capital Management Group LLC is a publicly owned hedge fund sponsor. The firm provides investment advisory services for its clients. It primarily caters to institutional investors which include pension funds, fund-of-funds, foundations and endowments, corporations and other institutions, private banks and family offices.

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