Oaktree Capital Group LLC (NYSE:OAK): Negative Stock Sentiment

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Sentiment for Oaktree Capital Group LLC (NYSE:OAK)

Oaktree Capital Group LLC (NYSE:OAK) institutional sentiment decreased to 0.82 in 2018 Q4. Its down -0.24, from 1.06 in 2018Q3. The ratio has worsened, as 56 hedge funds increased and started new positions, while 68 reduced and sold their stakes in Oaktree Capital Group LLC. The hedge funds in our partner’s database reported: 42.84 million shares, up from 41.16 million shares in 2018Q3. Also, the number of hedge funds holding Oaktree Capital Group LLC in their top 10 positions was flat from 3 to 3 for the same number . Sold All: 18 Reduced: 50 Increased: 41 New Position: 15.

Oaktree Capital Group, LLC operates as a global investment management firm that focuses on alternative markets. The company has market cap of $7.52 billion. 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. It has a 16.85 P/E ratio. The firm pursues these strategies through closed-end, open-end, and evergreen funds.

The stock decreased 1.18% or $0.58 during the last trading session, reaching $48.5. About 1.30M shares traded or 2.02% up from the average. Oaktree Capital Group, LLC (NYSE:OAK) has risen 4.12% since May 17, 2018 and is uptrending. It has underperformed by 0.25% the S&P500.

Analysts await Oaktree Capital Group, LLC (NYSE:OAK) to report earnings on July, 25. They expect $0.64 earnings per share, up 25.49 % or $0.13 from last year’s $0.51 per share. OAK’s profit will be $99.26M for 18.95 P/E if the $0.64 EPS becomes a reality. After $1.46 actual earnings per share reported by Oaktree Capital Group, LLC for the previous quarter, Wall Street now forecasts -56.16 % negative EPS growth.

Intrepid Capital Management Inc holds 3.89% of its portfolio in Oaktree Capital Group, LLC for 177,564 shares. Goodhaven Capital Management Llc owns 94,000 shares or 2.94% of their US portfolio. Moreover, National Investment Services Inc Wi has 2.78% invested in the company for 60,244 shares. The Illinois-based Pekin Singer Strauss Asset Management Il has invested 2.54% in the stock. Blume Capital Management Inc., a California-based fund reported 86,950 shares.

Oaktree Capital Group, LLC (NYSE:OAK) Ratings Coverage

Ratings analysis reveals 0 of Oaktree Capital Group Llc’s analysts are positive. Out of 2 Wall Street analysts rating Oaktree Capital Group Llc, 0 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $43 while the high is $49. The stock’s average target of $46 is -5.15% below today’s ($48.5) share price. OAK was included in 6 notes of analysts from February 22, 2019. On Thursday, March 14 the stock rating was maintained by Credit Suisse with “Hold”. The firm has “Hold” rating given on Thursday, March 14 by Wells Fargo.

More notable recent Oaktree Capital Group, LLC (NYSE:OAK) news were published by: Businesswire.com which released: “Vivaldi Opportunities Fund (NYSE: VAM) Declares Monthly Distribution of $0.12000 Per Share – Business Wire” on April 18, 2019, also Streetinsider.com with their article: “UPDATE: Oaktree Capital (OAK) Said to Have Held Talks Last year to Buy Parts of Colony Capital (CLNY) – Bloomberg – StreetInsider.com” published on April 26, 2019, Fool.com published: “Tough Markets Hit Oaktree Capital – Motley Fool” on February 05, 2019. More interesting news about Oaktree Capital Group, LLC (NYSE:OAK) were released by: Bizjournals.com and their article: “Ruby chocolate makes its US debut – Bizwomen – The Business Journals” published on May 17, 2019 as well as Seekingalpha.com‘s news article titled: “Oaktree Capital Group, LLC declares $1.05 dividend – Seeking Alpha” with publication date: April 25, 2019.

Oaktree Capital Group, LLC (NYSE:OAK) Institutional Positions Chart

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