The Oaktree Capital Group, LLC (NYSE:OAK) is going up by 0.60% in today’s trading session, a rise equivalent to 0.32% of the stock’s price from yesterday’s market close. A news came out on 08/17/19 stating that Merger Arbitrage Fund Managers Share What They’re Seeing by BARRONS. The lowest point that the shares touched during the trading session was $53.19, while the peak of the day was recorded at a share price of $53.52. OAK finished the previous session at $53.42 according to the data provided by Barchart, while the trading volume was observed to be $928,747.
In the 100 days of trading, OAK managed to top a 50.44% Moving average. Additionally, Oaktree Capital Group, LLC shares have achieved a 52-week range between 38.70 and 53.69 alongside 100 days raw stochastic set at 99.65%.
The number of shares outstanding, according to the fundamentals of the company, is set at 159.45M, equal to the value of $8.52B in market capitalization. In the last 30 days, Oaktree Capital Group, LLC shares went down by -0.04%, adding 53.85 to growth in value, on top of a +4.48% boost since 08/19/19.
Oaktree Capital Group, LLC (NYSE:OAK) Analyst’s Estimates
Oaktree Capital Group, LLC (OAK) could record at least $0.67 per share in quarterly earnings in the upcoming report on 11/04/2019, a number that would actually represent an increase of 5.47% YOY.
According to the average analyst rating, Oaktree Capital Group, LLC would be rated as Hold. Out of 2 different analysts monitoring OAK stock, 0 analysts rate the stock as a BUY, 2 suggest to give the rating of HOLD, 0 indicate that OAK is an OVERWEIGHT, 0 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERWEIGHT.
On Mar-14-19, the stock earned a Downgrade rating due to a new analyst call from Morgan Stanley, while analysts from Keefe Bruyette believe that the stock is set at Mkt Perform from Outperform, as concluded on Apr-27-18. Goldman, is still rather wary about the stock, deciding to keep the rating at Neutral as confirmed through a call on Jul-28-17.
BofA/Merrill, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on Dec-16-16, giving the stock a Neutral from the Buy rating.
OAK Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +72.71% has been attained, while the operating margin has been recorded at +3.01%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 2.30%. Beta value of the stock is recorded at 0.54. Additionally, Oaktree Capital Group, LLC is recording price volatility of 0.96% for the period of the last seven days and 0.83% in the last 30 days.
Oaktree Capital Group, LLC (NYSE:OAK) Technical Outlook
For the period of the last 50 days, Oaktree Capital Group, LLC had its Raw Stochastic average set at 99.51% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 99.14%. Stochastic %K for Oaktree Capital Group, LLC, with the last 20 days included, was set at 91.73%, having Stochastic %D topping 84.86%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be encouraging for Oaktree Capital Group, LLC stocks with recording 34.39% in metrics.
Oaktree Capital Group, LLC Insider Watch:
Similarly, 69.23% of the company’s float is held by institutions – and there are 236 institutions in total holding shares of this company. The top three institutional holders of OAK stocks are: Credit Suisse Ag/ with ownership of $234.0 million, which is approximately 4,723,416 of the company’s shares; JP Morgan Chase & Company, holding 4,686,952 shares of the stock with an approximate value of $232.19 million; and Barclays PLC, currently with more than 3,638,803 shares of the company valued at $180.27 million. Positions in Oaktree Capital Group, LLC stocks held by institutional investors has been changing actively in the past six months, a period during which there were 20 insider purchases amounting to 5,147,397 shares.