Telemus Capital LLC Purchases 65,000 Shares of Och-Ziff Capital Management Group LLC (NYSE:OZM)

Telemus Capital LLC boosted its holdings in shares of Och-Ziff Capital Management Group LLC (NYSE:OZM) by 12.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 605,000 shares of the asset manager’s stock after purchasing an additional 65,000 shares during the quarter. Telemus Capital LLC owned approximately 115,334.76% of Och-Ziff Capital Management Group worth $1,948,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of OZM. Jane Street Group LLC raised its stake in Och-Ziff Capital Management Group by 292.1% during the 1st quarter. Jane Street Group LLC now owns 51,007 shares of the asset manager’s stock valued at $115,000 after acquiring an additional 37,999 shares in the last quarter. K.J. Harrison & Partners Inc bought a new stake in Och-Ziff Capital Management Group during the 2nd quarter valued at $155,000. Marshall Wace North America L.P. bought a new stake in shares of Och-Ziff Capital Management Group in the 2nd quarter worth $162,000. Nationwide Fund Advisors bought a new stake in shares of Och-Ziff Capital Management Group in the 2nd quarter worth $193,000. Finally, Credit Suisse AG bought a new stake in shares of Och-Ziff Capital Management Group in the 1st quarter worth $226,000. Institutional investors own 16.94% of the company’s stock.

A number of equities research analysts have recently issued reports on the company. Zacks Investment Research downgraded Och-Ziff Capital Management Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 5th. Jefferies Group LLC boosted their target price on Och-Ziff Capital Management Group from $3.00 to $3.50 and gave the company a “hold” rating in a research note on Wednesday, October 4th. ValuEngine downgraded Och-Ziff Capital Management Group from a “buy” rating to a “hold” rating in a research note on Saturday, November 4th. BidaskClub downgraded Och-Ziff Capital Management Group from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $3.25 target price on shares of Och-Ziff Capital Management Group in a research note on Tuesday, September 5th. Seven investment analysts have rated the stock with a hold rating, Och-Ziff Capital Management Group currently has a consensus rating of “Hold” and an average target price of $3.25.

Och-Ziff Capital Management Group LLC (NYSE:OZM) traded up $0.01 during midday trading on Friday, hitting $3.10. The company had a trading volume of 132,694 shares, compared to its average volume of 770,060. Och-Ziff Capital Management Group LLC has a fifty-two week low of $2.15 and a fifty-two week high of $3.95. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of -2.61. The firm has a market cap of $1,621.56, a PE ratio of 12.36 and a beta of 1.33.

Och-Ziff Capital Management Group (NYSE:OZM) last released its quarterly earnings data on Thursday, November 2nd. The asset manager reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.04. Och-Ziff Capital Management Group had a negative return on equity of 54.57% and a net margin of 3.35%. The company had revenue of $125.26 million for the quarter, compared to analyst estimates of $101.92 million. During the same period in the prior year, the company posted $0.05 EPS. The company’s revenue was down 9.8% compared to the same quarter last year. sell-side analysts predict that Och-Ziff Capital Management Group LLC will post 0.2 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Monday, November 13th were given a dividend of $0.02 per share. The ex-dividend date was Friday, November 10th. This represents a $0.08 dividend on an annualized basis and a yield of 2.58%. Och-Ziff Capital Management Group’s dividend payout ratio (DPR) is presently 100.01%.

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Och-Ziff Capital Management Group Company Profile

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.

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

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