Mint Tower Capital Management B.V. Invests $423,000 in Oaktree Capital Group LLC Unit (NYSE:OAK)

Mint Tower Capital Management B.V. purchased a new stake in shares of Oaktree Capital Group LLC Unit (NYSE:OAK) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 8,511 shares of the asset manager’s stock, valued at approximately $423,000.

Other institutional investors also recently bought and sold shares of the company. North Star Investment Management Corp. lifted its position in Oaktree Capital Group LLC Unit by 9.2% during the 1st quarter. North Star Investment Management Corp. now owns 5,460 shares of the asset manager’s stock worth $271,000 after acquiring an additional 460 shares during the last quarter. Allen Investment Management LLC increased its stake in Oaktree Capital Group LLC Unit by 1.7% in the first quarter. Allen Investment Management LLC now owns 28,029 shares of the asset manager’s stock valued at $1,392,000 after acquiring an additional 464 shares during the period. Alpha Omega Wealth Management LLC increased its stake in Oaktree Capital Group LLC Unit by 108.4% in the first quarter. Alpha Omega Wealth Management LLC now owns 1,115 shares of the asset manager’s stock valued at $55,000 after acquiring an additional 580 shares during the period. Cordasco Financial Network bought a new stake in Oaktree Capital Group LLC Unit in the first quarter valued at about $35,000. Finally, Cetera Advisor Networks LLC increased its stake in Oaktree Capital Group LLC Unit by 15.5% in the first quarter. Cetera Advisor Networks LLC now owns 6,325 shares of the asset manager’s stock valued at $314,000 after acquiring an additional 850 shares during the period. Institutional investors and hedge funds own 32.05% of the company’s stock.

In related news, Director Ocm Growth Holdings Llc purchased 1,628,366 shares of the stock in a transaction dated Friday, May 10th. The stock was purchased at an average price of $15.16 per share, with a total value of $24,686,028.56. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Oaktree Capital Group Holdings bought 27,300 shares of the firm’s stock in a transaction on Wednesday, June 12th. The stock was acquired at an average cost of $4.67 per share, with a total value of $127,491.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 2,264,975 shares of company stock valued at $27,668,527.

NYSE OAK traded up $0.27 during trading hours on Friday, hitting $50.55. The company’s stock had a trading volume of 599,082 shares, compared to its average volume of 696,944. The stock has a fifty day moving average of $49.35. Oaktree Capital Group LLC Unit has a twelve month low of $38.65 and a twelve month high of $50.76. The firm has a market cap of $8.03 billion, a price-to-earnings ratio of 19.22, a P/E/G ratio of 2.26 and a beta of 0.53. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 2.84.

Oaktree Capital Group LLC Unit (NYSE:OAK) last announced its quarterly earnings data on Thursday, April 25th. The asset manager reported $1.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.18. The business had revenue of $266.42 million for the quarter, compared to analyst estimates of $522.21 million. Oaktree Capital Group LLC Unit had a net margin of 17.09% and a return on equity of 18.49%. Oaktree Capital Group LLC Unit’s revenue was down 21.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.93 earnings per share. As a group, sell-side analysts anticipate that Oaktree Capital Group LLC Unit will post 3.47 EPS for the current year.

Separately, ValuEngine raised shares of Whiting Petroleum from a “strong sell” rating to a “sell” rating in a research note on Friday, April 5th. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $46.50.

About Oaktree Capital Group LLC Unit

Oaktree Capital Group, LLC operates as a global investment management firm that focuses on alternative markets. It manage investments in a number of strategies within six asset classes, including distressed debt; corporate debt, including high yield debt and senior loans; control investing; convertible securities; real estate; and listed equities.

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Institutional Ownership by Quarter for Oaktree Capital Group LLC Unit (NYSE:OAK)

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