Zacks Investment Research Downgrades Och-Ziff Capital Management Group (OZM) to Hold

Share on StockTwits

Och-Ziff Capital Management Group (NYSE:OZM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Thursday.

According to Zacks, “Och-Ziff Capital Management Group LLC is a leading, global institutional alternative asset management firm. It seeks to deliver consistent positive risk-adjusted returns throughout market cycles, with a strong focus on risk management and capital preservation. Portfolio composition is determined by market opportunities rather than any predetermined commitment to investment discipline or geography. Our diversified, multi-strategy approach is based on global investment strategies, including merger arbitrage, convertible arbitrage, equity restructuring, credit and distressed investments, private investments and real estate. “

Several other research analysts have also commented on OZM. ValuEngine lowered shares of Och-Ziff Capital Management Group from a “sell” rating to a “strong sell” rating in a report on Monday, July 2nd. TheStreet downgraded shares of Och-Ziff Capital Management Group from a “c” rating to a “d+” rating in a research report on Thursday, July 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. Och-Ziff Capital Management Group currently has a consensus rating of “Hold” and an average target price of $3.33.

Shares of NYSE OZM opened at $1.67 on Thursday. The company has a debt-to-equity ratio of -212.11, a current ratio of 1.84 and a quick ratio of 1.84. Och-Ziff Capital Management Group has a 12 month low of $1.66 and a 12 month high of $3.95. The firm has a market capitalization of $851.84 million, a price-to-earnings ratio of 4.00 and a beta of 0.95.

Och-Ziff Capital Management Group (NYSE:OZM) last issued its quarterly earnings data on Thursday, August 2nd. The asset manager reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.04). Och-Ziff Capital Management Group had a negative return on equity of 341.23% and a net margin of 0.44%. The company had revenue of $104.64 million during the quarter, compared to the consensus estimate of $104.12 million. equities research analysts expect that Och-Ziff Capital Management Group will post 0.17 EPS for the current year.

In other news, insider David Michael Levine sold 14,146 shares of the company’s stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $2.00, for a total value of $28,292.00. The transaction was disclosed in a filing with the SEC, which is available through this link. 62.31% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in OZM. Wells Fargo & Company MN grew its position in shares of Och-Ziff Capital Management Group by 1,515.6% in the 1st quarter. Wells Fargo & Company MN now owns 468,144 shares of the asset manager’s stock worth $1,250,000 after buying an additional 439,168 shares during the period. GSA Capital Partners LLP grew its position in shares of Och-Ziff Capital Management Group by 34.2% in the 1st quarter. GSA Capital Partners LLP now owns 232,827 shares of the asset manager’s stock worth $622,000 after buying an additional 59,324 shares during the period. Interval Partners LP purchased a new stake in shares of Och-Ziff Capital Management Group in the 1st quarter worth about $1,282,000. LPL Financial LLC grew its position in shares of Och-Ziff Capital Management Group by 64.5% in the 1st quarter. LPL Financial LLC now owns 88,772 shares of the asset manager’s stock worth $237,000 after buying an additional 34,814 shares during the period. Finally, Glacier Peak Capital LLC grew its position in shares of Och-Ziff Capital Management Group by 25.0% in the 1st quarter. Glacier Peak Capital LLC now owns 3,234,133 shares of the asset manager’s stock worth $8,635,000 after buying an additional 646,593 shares during the period. 16.21% of the stock is currently owned by hedge funds and other institutional investors.

Och-Ziff Capital Management Group Company Profile

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.

See Also: Should You Consider an Index Fund?

Get a free copy of the Zacks research report on Och-Ziff Capital Management Group (OZM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Och-Ziff Capital Management Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Och-Ziff Capital Management Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply