Och-Ziff Capital Management (NYSE:OZM) insider James S. Levin sold 262,909 shares of the firm’s stock in a transaction that occurred on Friday, April 13th. The stock was sold at an average price of $2.33, for a total transaction of $612,577.97. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
OZM stock traded down $0.04 during midday trading on Monday, hitting $2.30. The stock had a trading volume of 1,298,285 shares, compared to its average volume of 770,300. The stock has a market capitalization of $1,158.58, a P/E ratio of 4.49 and a beta of 1.02. The company has a debt-to-equity ratio of -5.94, a quick ratio of 2.80 and a current ratio of 2.80. Och-Ziff Capital Management has a 12-month low of $2.14 and a 12-month high of $3.95.
Och-Ziff Capital Management (NYSE:OZM) last released its earnings results on Friday, February 16th. The asset manager reported $0.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.06. The firm had revenue of $438.24 million during the quarter, compared to analysts’ expectations of $450.09 million. Och-Ziff Capital Management had a net margin of 2.46% and a negative return on equity of 136.75%. Och-Ziff Capital Management’s revenue for the quarter was up 55.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.01 EPS. research analysts forecast that Och-Ziff Capital Management will post 0.46 earnings per share for the current fiscal year.
Several analysts have commented on OZM shares. ValuEngine cut shares of Och-Ziff Capital Management from a “buy” rating to a “hold” rating in a research note on Thursday, March 1st. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of Och-Ziff Capital Management in a research note on Friday, February 23rd. Citigroup raised shares of Och-Ziff Capital Management from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $2.90 to $4.50 in a research note on Tuesday, February 20th. Finally, Zacks Investment Research raised shares of Och-Ziff Capital Management from a “sell” rating to a “buy” rating and set a $2.75 target price for the company in a research note on Saturday, February 24th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Och-Ziff Capital Management currently has an average rating of “Hold” and a consensus price target of $3.50.
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About Och-Ziff Capital Management
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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