North Run Capital LP Maintains Stake in Och-Ziff Capital Management Group LLC (OZM)

North Run Capital LP held its position in shares of Och-Ziff Capital Management Group LLC (NYSE:OZM) during the first quarter, Holdings Channel reports. The institutional investor owned 2,300,000 shares of the asset manager’s stock at the end of the first quarter. Och-Ziff Capital Management Group comprises approximately 1.8% of North Run Capital LP’s holdings, making the stock its 14th largest position. North Run Capital LP owned 1.24% of Och-Ziff Capital Management Group worth $5,198,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of OZM. FMR LLC acquired a new position in shares of Och-Ziff Capital Management Group during the fourth quarter valued at $826,000. Sandia Holdings LLC acquired a new position in shares of Och-Ziff Capital Management Group during the fourth quarter valued at $11,178,000. Abrams Capital Management L.P. boosted its position in shares of Och-Ziff Capital Management Group by 11.2% in the fourth quarter. Abrams Capital Management L.P. now owns 18,949,992 shares of the asset manager’s stock valued at $62,724,000 after buying an additional 1,909,342 shares in the last quarter. Royce & Associates LP boosted its position in shares of Och-Ziff Capital Management Group by 71.8% in the fourth quarter. Royce & Associates LP now owns 655,400 shares of the asset manager’s stock valued at $2,169,000 after buying an additional 273,800 shares in the last quarter. Finally, Gabelli Funds LLC boosted its position in shares of Och-Ziff Capital Management Group by 48.6% in the fourth quarter. Gabelli Funds LLC now owns 1,216,000 shares of the asset manager’s stock valued at $4,025,000 after buying an additional 397,739 shares in the last quarter. 53.39% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Och-Ziff Capital Management Group (NYSE:OZM)

Och-Ziff Capital Management Group LLC (NYSE:OZM) traded up 0.42% during trading on Monday, hitting $2.41. 922,110 shares of the company traded hands. The stock has a 50-day moving average price of $2.39 and a 200-day moving average price of $2.77. Och-Ziff Capital Management Group LLC has a 12-month low of $2.15 and a 12-month high of $4.78. The firm’s market capitalization is $446.16 million.

Och-Ziff Capital Management Group (NYSE:OZM) last announced its quarterly earnings data on Tuesday, May 2nd. The asset manager reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.05. The firm had revenue of $133.21 million during the quarter, compared to the consensus estimate of $104.31 million. Och-Ziff Capital Management Group had a negative return on equity of 41.72% and a negative net margin of 8.27%. The business’s revenue for the quarter was down 24.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.11 EPS. Equities analysts expect that Och-Ziff Capital Management Group LLC will post $0.41 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 19th. Shareholders of record on Friday, May 12th were paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date was Wednesday, May 10th. This is an increase from Och-Ziff Capital Management Group’s previous quarterly dividend of $0.01. Och-Ziff Capital Management Group’s dividend payout ratio is -19.51%.

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OZM has been the subject of several research reports. J P Morgan Chase & Co cut shares of Och-Ziff Capital Management Group from an “overweight” rating to a “neutral” rating in a research note on Thursday, February 16th. Credit Suisse Group set a $3.00 target price on shares of Och-Ziff Capital Management Group and gave the company a “hold” rating in a research note on Thursday, February 16th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $2.50 target price on shares of Och-Ziff Capital Management Group in a research note on Wednesday, April 12th. Jefferies Group LLC reissued a “hold” rating and issued a $3.00 target price on shares of Och-Ziff Capital Management Group in a research note on Tuesday, May 2nd. Finally, ValuEngine cut shares of Och-Ziff Capital Management Group from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Och-Ziff Capital Management Group presently has a consensus rating of “Hold” and a consensus price target of $3.78.

About Och-Ziff Capital Management Group

Och-Ziff Capital Management Group LLC (Och-Ziff) is an institutional alternative asset manager. The Company provides asset management services through its funds, which pursue a range of global investment opportunities. The Company operates through two segments: the Och-Ziff Funds and real estate business.

Want to see what other hedge funds are holding OZM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Och-Ziff Capital Management Group LLC (NYSE:OZM).

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