Och-Ziff Capital Management (OZM) Insider Sells $612,577.97 in Stock

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.

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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.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Citadel Advisors LLC grew its stake in shares of Och-Ziff Capital Management by 677.8% during the 4th quarter. Citadel Advisors LLC now owns 48,225 shares of the asset manager’s stock valued at $121,000 after buying an additional 42,025 shares during the period. Joel Isaacson & Co. LLC purchased a new stake in shares of Och-Ziff Capital Management during the 4th quarter valued at $250,000. Wells Fargo & Company MN grew its stake in shares of Och-Ziff Capital Management by 437.2% during the 3rd quarter. Wells Fargo & Company MN now owns 247,235 shares of the asset manager’s stock valued at $796,000 after buying an additional 201,215 shares during the period. North Run Capital LP grew its stake in shares of Och-Ziff Capital Management by 6.6% during the 4th quarter. North Run Capital LP now owns 4,050,000 shares of the asset manager’s stock valued at $10,125,000 after buying an additional 250,000 shares during the period. Finally, Glacier Peak Capital LLC grew its stake in shares of Och-Ziff Capital Management by 24.3% during the 4th quarter. Glacier Peak Capital LLC now owns 2,587,540 shares of the asset manager’s stock valued at $8,332,000 after buying an additional 505,185 shares during the period. 17.16% of the stock is owned by institutional investors.

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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