|Bid||40.10 x 800|
|Ask||41.50 x 800|
|Day's Range||40.50 - 40.75|
|52 Week Range||38.80 - 48.50|
|PE Ratio (TTM)||11.56|
|Earnings Date||Jul 26, 2018|
|Forward Dividend & Yield||3.84 (9.34%)|
|1y Target Est||44.67|
Oaktree Capital Group LLC will pay a $100,000 fine for allegedly violating U.S. rules that bar money managers from making political contributions to officials who have sway over which hedge funds and private-equity firms get investments from state pension funds. Three Oaktree employees donated money to candidates for elected office in California and Rhode Island between 2014 and 2016, the Securities and Exchange Commission said in a Tuesday order. The politicians were running for positions that had influence over public pension funds, the SEC said.
Walnut Creek continues to sizzle. Hines Interests L.P. and Oaktree Capital Management (NYSE: OAK) are in negotiations to buy the 526,155-square-foot Ygnacio Center – one of Walnut Creek’s largest office complexes – for roughly $221 million, or about $420 per square foot, according to sources familiar with the deal. Seller LaSalle Investment Management could make a profit of more than $60 million after just two years of ownership.
With so few hotels being built in the Tampa Bay region, properties instead are changing hands or undergoing renovations.
Oaktree Capital Group LLC Co-Chairman Howard Marks said quantitative investing isn’t a replacement for the judgment of the best stock pickers. “Some firms are doing it well,” Marks said in an interview with Bloomberg Television’s Erik Schatzker on Wednesday. "I say in the memo can a computer sit down with an executive and figure out if he’s Steve Jobs?” Marks said.
Two large investors in Ranger Direct Lending Fund (RDL.L), Oaktree Capital Management (OAK.N) and LIM Advisors, said they would continue a push to elect their board nominees at the closed-end fund that announced it was winding itself down. Ranger Direct Lending is listed in the U.K. but is a mostly North American credit portfolio. A wind-down means Ranger will close down its investments and return its more than $200 million assets to shareholders.
Don’t try to shortchange Jay Wintrob or Mark Brodsky in bankruptcy court when your retail buyout goes bust. Wintrob’s Oaktree Capital Group and Brodsky’s Aurelius Capital Management are kicking back at private equity owners in separate Chapter 11 cases, as investors lose patience for tactics that buyout firms use to reduce their own risks. Oaktree is contesting Apollo Global Management LLC’s role in restructuring Claire’s Stores Inc., while Aurelius is zeroed in on plans by Sycamore Partners to turn around Nine West Holdings Inc. Both funds claim the sponsors deprived other creditors of fair recoveries, either by extracting assets before the cases reached court or through their reorganization strategies afterward.
Oaktree Capital Group, LLC announced today that Daniel Levin, Chief Financial Officer, will present at the Morgan Stanley Financials Conference on June 12, 2018 at 11:45 AM ET.
The Plasencia Group’s CEO, Lou Plasencia, and Vice Presidents Joe Corcoran, Chris Plasencia, and Nick Plasencia - advised Braemar on the transaction.
Oaktree Capital Group, LLC announced today that Jay Wintrob, Chief Executive Officer, will present at the Bernstein Strategic Decisions Conference on May 31, 2018 at 4:00 PM ET.
Recent improvements to the office tower include lobby, corridor and elevator renovations; a chiller and cooling tower replacement; the addition of a fitness center; parking deck improvements; and the addition of ground-floor retail space.
Oaktree Capital Group, LLC (OAK) (“Oaktree”) today announced the pricing of a $180 million offering of 7,200,000 of its 6.625% Series A Preferred units representing limited liability company interests with a liquidation preference of $25.00 per unit. In addition, Oaktree has granted the underwriters an option to purchase up to an additional 1,080,000 Series A Preferred units solely to cover over-allotments. Oaktree intends to use the net proceeds from the sale of the Series A Preferred units for general corporate purposes, including to fund investments.
Of the 12 analysts tracking Carlyle (CG) in April and May, four have recommended “strong buy,” five have recommended “buy,” and three have recommended “hold.” There have been no “sell” and “strong sell” recommendations.
Carlyle’s (CG) NTM (next-12-month) PE (price-to-earnings) ratio of 8.1x is lower than peers’ average of 11.4x, implying that its valuation is lower. Peers (XLF) Ares Management (ARES), Oaktree Capital (OAK), and KKR (KKR) have NTM PE ratios of 12.9x, 11.6x, and 9.6x, respectively. In 1Q18, Carlyle’s total revenue fell substantially quarter-over-quarter, and the company’s carry fund appreciation fell year-over-year to 3% from 6%, which may have impacted the company’s valuation.
Oaktree is a minority shareholder in Ranger Direct Lending, with a 19% stake, it said. Ranger was set up by Dallas-based Ranger Capital Group and was listed in a £135 million ($182.8 million) initial public offering in May 2015. The strategy ran into trouble in late 2016, when Argon Credit LLC, an online subprime lending platform, declared bankruptcy.
NEW YORK, NY / ACCESSWIRE / April 26, 2018 / Oaktree Capital Group, LLC Class A (NYSE: OAK ) will be discussing their earnings results in their Q1 Earnings Call to be held on April 26, 2018 at 11:00 AM ...
Moody's Investors Service ("Moody's") placed all of the ratings of Dayton Superior Corporation ("Dayton") on review for downgrade due to weakening credit metrics. Dayton, currently ...
May.03 -- Jay Wintrob, chief executive officer at Oaktree Capital Management, discusses the outlook for markets, distressed debt and his thoughts on investing. He speaks with Jason Kelly on "Bloomberg Markets."