Last $51.50 USD
Change Today -0.08 / -0.16%
Volume 46.3K
OAK On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 10:25 AM 09/22/14 All times are local (Market data is delayed by at least 15 minutes).

oaktree capital group llc (OAK) Snapshot

Open
$51.40
Previous Close
$51.58
Day High
$51.65
Day Low
$51.08
52 Week High
03/4/14 - $62.30
52 Week Low
07/8/14 - $47.36
Market Cap
7.9B
Average Volume 10 Days
149.4K
EPS TTM
$4.83
Shares Outstanding
43.5M
EX-Date
08/7/14
P/E TM
10.7x
Dividend
$2.20
Dividend Yield
6.38%
Current Stock Chart for OAKTREE CAPITAL GROUP LLC (OAK)

oaktree capital group llc (OAK) Details

Oaktree Capital Group, LLC operates as a global investment management firm that focuses on alternative markets. It manage investments in a number of strategies within six asset classes, including distressed debt; corporate debt, including high yield debt and senior loans; control investing; convertible securities; real estate; and listed equities. The company pursues these strategies through closed-end, open-end, and evergreen funds. Oaktree Capital Group, LLC was founded in 1995 and is headquartered in Los Angeles, California.

850 Employees
Last Reported Date: 08/7/14
Founded in 1995

oaktree capital group llc (OAK) Top Compensated Officers

Principal Executive Officer, Managing Princip...
Total Annual Compensation: --
Co-Founder, Principal, President, Chief Inves...
Total Annual Compensation: --
Principal, Chief Financial Officer, Chief Adm...
Total Annual Compensation: --
Principal and Director
Total Annual Compensation: $9.0M
Head of Credit Strategies and Managing Direct...
Total Annual Compensation: $2.3M
Compensation as of Fiscal Year 2013.

oaktree capital group llc (OAK) Key Developments

Brokers Attempt To Bid For Nine Entertainment

Leading stockbrokers have been attempting to bid for close to $280 million worth of Nine Entertainment Co. Holdings Limited (ASX:NEC) stock, held by Oaktree Capital Group, LLC (NYSE:OAK). Oaktree owns 14.3% of Nine Entertainment. Macquarie Group Limited (ASX:MQG), UBS, Morgan Stanley (NYSE:MS), The Goldman Sachs Group, Inc. (NYSE:GS) and Citigroup Inc. (NYSE:C), were pitching for Oaktree's stake last week, according to fund manager sources. Oaktree is seen as the more likely of the two to sell in the short-term. It is understood one leading broker wanted to buy Oaktree's entire stake at the market price, without a commission, in the hope it could on-sell the stock at a slightly higher price and most likely charge a fee on that transaction. Brokers fight hard for the right to conduct large block trades, which can be beneficial for their reputations. Potential buyers of Nine stock would include existing fund manager shareholders like Perpetual Limited (ASX:PPT), AMP Limited (ASX:AMP) and Challenger Limited (ASX:CGF), as well as investors who may have been waiting for the hedge funds to sell out before making an investment. Sources said there had also been some interest from Asian fund managers.

Owners Of Mediaworks Are Reportedly In Talks To Sell The Company

MediaWorks held talks on selling but couldn't agree on price, say inside sources. The owners of MediaWorks have discussed a potential sale with trade buyers, including Seven West Media Limited (ASX:SWM). MediaWorks seems more likely to join the growing list of media companies looking to list in the next 12 months. It is understood MediaWorks' controlling shareholder, Oaktree Capital Group, LLC, held informal and preliminary talks with Seven West and other media groups in earlier 2014 about taking an equity stake in MediaWorks. Sources close to the discussions said the parties were unable to "get close on price", meaning Oaktree was likely to push ahead with a float when it believes it can maximise price. Nevertheless, the discussions suggest Oaktree is a willing seller. A MediaWorks float would mean media companies worth about AUD 2.2 billion were considering sharemarket listings in Australia and New Zealand. A spokesman for MediaWorks said, "MediaWorks has no immediate plans for an IPO - being focused on creating value for our owners - but are confident, however, that this business would be well supported if it were to pursue an IPO."

Oaktree Capital Group, LLC Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Oaktree Capital Group, LLC reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, total revenues were $51.6 million against $52.4 million last year. Income before income taxes was $1,313.0 million against $1,052.8 million last year. Adjusted net income/net income attributable to Oaktree Capital Group, LLC was $31.2 million or $0.72 per basic and diluted Class A unit against $56.6 million or $1.71 per basic and diluted Class A unit last year. For the six months, total revenues were $92 million against $95 million last year. Income before income taxes was $2,861.2 million against $3,446.5 million last year. Adjusted net income/net income attributable to Oaktree Capital Group, LLC was $83 million or $1.99 per basic and diluted Class A unit against $114.1 million or $3.61 per basic and diluted Class A unit last year.

 

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Industry Analysis

OAK

Industry Average

Valuation OAK Industry Range
Price/Earnings 10.8x
Price/Sales 11.7x
Price/Book 4.1x
Price/Cash Flow 39.8x
TEV/Sales NM Not Meaningful
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