Och-Ziff Capital Management Group Inc (NYSE:OZM) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totalling 889,100 shares, an increase of 184.1% from the June 15th total of 313,000 shares. Based on an average daily trading volume, of 204,300 shares, the short-interest ratio is currently 4.4 days. Currently, 7.0% of the shares of the company are sold short.
A number of brokerages have issued reports on OZM. Zacks Investment Research lowered shares of GENEL ENERGY PL/ADR from a “hold” rating to a “sell” rating in a research report on Thursday, July 4th. ValuEngine lowered shares of Valero Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, May 8th. Finally, Citigroup downgraded shares of Apergy from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $41.00 to $34.00 in a research note on Tuesday, July 9th.
Shares of NYSE OZM traded up $0.37 during mid-day trading on Friday, reaching $24.17. 62,968 shares of the company’s stock traded hands, compared to its average volume of 139,565. The company has a market capitalization of $1.20 billion, a PE ratio of 20.66 and a beta of 1.09. The business has a 50-day moving average of $22.69. Och-Ziff Capital Management Group has a 1-year low of $8.60 and a 1-year high of $25.49. The company has a debt-to-equity ratio of 5.03, a quick ratio of 1.93 and a current ratio of 1.93.
Och-Ziff Capital Management Group (NYSE:OZM) last released its quarterly earnings results on Thursday, May 9th. The asset manager reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.38. Och-Ziff Capital Management Group had a negative net margin of 6.98% and a positive return on equity of 288.89%. The company had revenue of $116.98 million for the quarter, compared to analyst estimates of $81.23 million. As a group, sell-side analysts anticipate that Och-Ziff Capital Management Group will post 2.39 EPS for the current year.
In related news, CFO Thomas Michael Sipp sold 3,537 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $15.57, for a total value of $55,071.09. Following the transaction, the chief financial officer now owns 105,507 shares in the company, valued at approximately $1,642,743.99. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In the last quarter, insiders sold 58,726 shares of company stock worth $993,101. 60.59% of the stock is owned by company insiders.
An institutional investor recently raised its position in Och-Ziff Capital Management Group stock. CWM Advisors LLC grew its holdings in Och-Ziff Capital Management Group Inc (NYSE:OZM) by 2.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 70,392 shares of the asset manager’s stock after purchasing an additional 1,870 shares during the period. CWM Advisors LLC owned approximately 0.14% of Och-Ziff Capital Management Group worth $65,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 15.75% of the company’s stock.
Och-Ziff Capital Management Group Company Profile
Och-Ziff Capital Management Group LLC is a publicly owned hedge fund sponsor. The firm provides investment advisory services for its clients. It primarily caters to institutional investors which include pension funds, fund-of-funds, foundations and endowments, corporations and other institutions, private banks and family offices.
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