OZM - Och-Ziff Capital Management Group Inc.

NYSE - Nasdaq Real Time Price. Currency in USD
21.96
-0.08 (-0.36%)
As of 11:02AM EDT. Market open.
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Previous Close21.04
Open22.33
Bid22.00 x 1100
Ask22.03 x 900
Day's Range21.92 - 22.25
52 Week Range8.60 - 25.49
Volume47,593
Avg. Volume227,034
Market Cap1.096B
Beta (3Y Monthly)1.36
PE Ratio (TTM)37.93
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield1.28 (6.08%)
Ex-Dividend Date2019-08-13
1y Target EstN/A
Trade prices are not sourced from all markets
  • 4 Reasons to Buy Och-Ziff Capital Management (OZM) Stock Now
    Zacks

    4 Reasons to Buy Och-Ziff Capital Management (OZM) Stock Now

    Och-Ziff Capital Management (OZM) seems to be a solid bet now, driven by strong fundamentals and good growth prospects.

  • Goodbye Och-Ziff. Hello, Sculptor. Hedge Fund Tries New Name
    Bloomberg

    Goodbye Och-Ziff. Hello, Sculptor. Hedge Fund Tries New Name

    (Bloomberg) -- In naming their hedge funds, managers have found inspiration in a childhood neighborhood (Highbridge), favorite ski trails (FrontFour) and even a grandfather (Melvin).At Och-Ziff Capital Management Inc., executives sought out branding professionals and spent tens of thousands of dollars to come up with a new name: Sculptor Capital Management.The $33 billion firm chose Sculptor because it "evokes the dedication, persistence and vision that embody what we strive for daily as stewards of your capital," according to a letter sent Monday to investors.The more practical reason for the change: The New York-based firm decided it needed a reboot to reflect the departure of its founder -- Dan Och. It also helps to distance itself from recent legal troubles that have caused a massive client exodus.The last five years have proved difficult for Och-Ziff. Clients in its flagship hedge fund have pulled $27 billion since the end of 2014, when the company first disclosed it was the target of a multiyear investigation into bribery in Africa. (It paid a $400 million fine in a settlement.) In subsequent years, top executives left and new leadership was put in place. Och, who founded the firm in 1994, retired as chairman in March.Och-Ziff joins an array of companies that have changed their names -- sometimes to comic result. Tribune Publishing Co., owner of the Chicago Tribune and the Baltimore Sun, went with Tronc briefly before going back to the Tribune name last year. Blackwater tried Xe Services before settling on Academi. BB&T Corp. and SunTrust Banks Inc. merged recently into Truist.Rebranding has its downside. "It can be more difficult to get meetings because people don’t recognize the name, and you have to spend time explaining why you decided to make the change," said Don Steinbrugge, head of Agecroft Partners, which helps hedge funds raise money.Name changes don’t come cheap, either. Rebranding companies generally charge anywhere from $40,000 to $400,000, according to industry participants.The firm, which has raised money in the past several years issuing lower-fee collateralized debt obligations, recently hired Louisa Church as head of investor relations in Europe, the Middle East and Africa. Its flagship hedge fund has climbed 11% through July.The new name, Sculptor, goes into effect on Sept. 12.(Updates with industry comment in the 7th paragraph.)\--With assistance from Sridhar Natarajan.To contact the reporters on this story: Nabila Ahmed in New York at nahmed54@bloomberg.net;Katherine Burton in New York at kburton@bloomberg.netTo contact the editors responsible for this story: Alan Mirabella at amirabella@bloomberg.net, Vincent BielskiFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Financial Times

    Correction: Och-Ziff

    US hedge fund Och-Ziff has a long position in Intu, a UK retail property group, rather than a short position as incorrectly stated in an article on August 9. Copyright © 2015 The Financial Times Limited. ...

  • Financial Times

    Short sellers target bonds to profit from UK retail crisis

    Investment banks and hedge funds are betting on the downfall of UK shopping centres, turning their attention to corporate bonds issued by one of the country’s largest retail landlords. Short interest in Intu’s largest bond, a £485m security held against the Metrocentre in Gateshead, has more than quadrupled in one month, up from near 2.3 per cent on July 1 to more than 13 per cent on August 6, according to data provider IHS Markit. London-based Odey Asset Management has a 3.3 per cent short position against Intu’s equity, data from the Financial Conduct Authority shows.

  • Thomson Reuters StreetEvents

    Edited Transcript of OZM earnings conference call or presentation 2-Aug-19 12:30pm GMT

    Q2 2019 Och-Ziff Capital Management Group Inc Earnings Call

  • Och-Ziff Capital Management Group LLC (OZM) Q2 2019 Earnings Call Transcript
    Motley Fool

    Och-Ziff Capital Management Group LLC (OZM) Q2 2019 Earnings Call Transcript

    OZM earnings call for the period ending June 30, 2019.

  • Och-Ziff's Flagship Fund Falls Below $10 Billion on Outflows
    Bloomberg

    Och-Ziff's Flagship Fund Falls Below $10 Billion on Outflows

    (Bloomberg) -- Och-Ziff Capital Management Group Inc. posted another quarter of outflows from its multi-strategy hedge fund, a signal that efforts to pull in capital have yet to pay off.The firm’s flagship fund suffered second-quarter withdrawals of $849 million, bringing assets below $10 billion for the first time in years. A portion of those outflows were from former executives.Still, the firm founded by billionaire Dan Och drew in about $1.1 billion in the period due to institutional credit strategies, which invest in collateralized loan obligations. Those lured about $1.5 billion, the company said in a statement Friday.The firm’s shift towards lower-fee products has offset an asset bleed from Och-Ziff’s hedge funds that has persisted since 2014, when the company first disclosed a regulatory probe that triggered an exodus of client cash and a slide in its stock price.In the intervening years, Och-Ziff grappled with the fallout of settling the investigation and as well as changes to its succession plan and executive departures. The firm has focused on shrinking or shuttering non-core businesses while improving the performance of the flagship. It has gained 11% this year through July, beating hedge fund peers.Fee Structure“I know I sound like a broken record on these calls, but the truth is I think it’s an excellent product,” Chief Executive Officer Robert Shafir said on a conference call Friday about the flagship fund. “We are having much more productive conversations with our clients regarding our product offering here. When that crystallizes it’s hard for me to say, but we’re betting on the long term success of that product and I think we’re going to be right.”Total firm assets stood at $33.2 billion as of August 1.Och-Ziff reported distributable earnings of 48 cents a share in the second quarter, beating estimates. That compares with 34 cents a year earlier. The stock rose 2.2% to $23.60 as of 10:11 a.m. in New York.The flagship hedge fund provides the bulk of Och-Ziff’s revenue due to its higher fees. In the first quarter, Och-Ziff charged an average management fee of 1.32% on its multi-strategy fund, while charging 0.47% to manage CLO assets. As a result, the firm’s overall second-quarter income from management and incentive fees was about $92.3 million, 8% lower than a year earlier.Och-Ziff may see a turnaround in the coming months. In June, regulators lifted a punitive sanction that was imposed on the firm three years ago after a multiyear investigation into bribery in Africa. The waiver removed a restriction that inhibited Och-Ziff’s ability to raise money for its hedge funds through a private placement.“While there have still been other channels open and available, this is notable in that most bank platforms have been either unable or unwilling to work around the increased regulatory hurdles,” Jefferies Group LLC analysts led by Gerald O’Hara wrote in a July 2 report. “With strong performance and continued management stability, consultants and gatekeepers should become increasingly positive into year-end.”This year, the firm’s shares have rallied 150% in part by changing the compensation structure for some executives and converting to a corporation from a partnership. That enabled Och-Ziff to be added to the Russell 2000 Growth Index.Also as part of the changes, the firm’s former executives -- including Och -- withdrew their capital from the flagship. About 40% of those outflows in the second quarter were from former managers, the filing showed.(Adds earnings and shares in seventh paragraph.)To contact the reporter on this story: Katia Porzecanski in New York at kporzecansk1@bloomberg.netTo contact the editors responsible for this story: Alan Mirabella at amirabella@bloomberg.net, Vincent BielskiFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Zacks.com featured highlights include: Skechers, SSR, Och-Ziff, Hasbro and Energy Recovery
    Zacks

    Zacks.com featured highlights include: Skechers, SSR, Och-Ziff, Hasbro and Energy Recovery

    Zacks.com featured highlights include: Skechers, SSR, Och-Ziff, Hasbro and Energy Recovery

  • 5 Stocks With Recent Price Strength to Strengthen Portfolio
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    5 Stocks With Recent Price Strength to Strengthen Portfolio

    Investors target stocks that have been on a bullish run lately. Actually, stocks seeing price strength have a high chance of carrying the momentum forward.

  • Top Ranked Value Stocks to Buy for July 23rd
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    Top Ranked Value Stocks to Buy for July 23rd

    Top Ranked Value Stocks to Buy for July 23rd

  • Zacks Investment Ideas feature highlights: Alteryx, Chipotle, Enphase, M.D.C. and Och-Ziff
    Zacks

    Zacks Investment Ideas feature highlights: Alteryx, Chipotle, Enphase, M.D.C. and Och-Ziff

    Zacks Investment Ideas feature highlights: Alteryx, Chipotle, Enphase, M.D.C. and Och-Ziff

  • Blistering Hot Stocks to Buy Today
    Zacks

    Blistering Hot Stocks to Buy Today

    Blistering Hot Stocks to Buy Today

  • Will Och-Ziff Capital Management Continue to Surge Higher?
    Zacks

    Will Och-Ziff Capital Management Continue to Surge Higher?

    As of late, it has definitely been a great time to be an investor Och-Ziff Capital Management.

  • The Zacks Analyst Blog Highlights: Arbor Realty, Geo Group, Ellington, Och-Ziff and PennyMac
    Zacks

    The Zacks Analyst Blog Highlights: Arbor Realty, Geo Group, Ellington, Och-Ziff and PennyMac

    The Zacks Analyst Blog Highlights: Arbor Realty, Geo Group, Ellington, Och-Ziff and PennyMac

  • Are You Looking for a Top Momentum Pick? Why Och-Ziff Capital Management Group LLC (OZM) is a Great Choice
    Zacks

    Are You Looking for a Top Momentum Pick? Why Och-Ziff Capital Management Group LLC (OZM) is a Great Choice

    Does Och-Ziff Capital Management Group LLC (OZM) have what it takes to be a top stock pick for momentum investors? Let's find out.

  • 5 Cheap Dividend Stocks for Uncertain Times Ahead
    Zacks

    5 Cheap Dividend Stocks for Uncertain Times Ahead

    Here are 5 stocks for moderately risk-averse income seekers.

  • Thomson Reuters StreetEvents

    Edited Transcript of OZM earnings conference call or presentation 9-May-19 12:30pm GMT

    Q1 2019 Och-Ziff Capital Management Group LLC Earnings Call

  • Did Hedge Funds Drop The Ball On Och-Ziff Capital Management Group LLC (OZM) ?
    Insider Monkey

    Did Hedge Funds Drop The Ball On Och-Ziff Capital Management Group LLC (OZM) ?

    There are several ways to beat the market, and investing in small cap stocks has historically been one of them. We like to improve the odds of beating the market further by examining what famous hedge fund operators such as Jeff Ubben, George Soros and Carl Icahn think. Those hedge fund operators make billions of […]

  • GuruFocus.com

    Och-Ziff Capital Management Group LLC (OZM) Files 10-K for the Fiscal Year Ended on December ...

    Och-Ziff Capital Management Group LLC (NYSE:OZM) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018.

  • Thomson Reuters StreetEvents

    Edited Transcript of OZM earnings conference call or presentation 7-Mar-19 1:30pm GMT

    Q4 2018 Och-Ziff Capital Management Group LLC Earnings Call