OAK stock: buy or sell?
August 23rd, 2019
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.
Should I buy OAK stock?Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. Trading strategies are meant for helping you in the decision process of what stocks to choose and when is the best time to buy them. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.
Currently, 2 buy setups are elegible for Oaktree Capital stock right now:
|New all-time high||Yes|
|New 52 week high||Yes|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Oaktree Capital stock a buy?
Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness.At Stocks2.com, we detected 2 ratings published for OAK stock in the last 30 days.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-3-14||Wells Fargo & Co||n/a||Market Perform|
|2019-3-14||Morgan Stanley||Overweight||Equal Weight|
OAK stock analysis
After marking all time highs on August 22nd, Oaktree Capital declined -1.24% yesterday to $51.59.
Oaktree Capital declined -1.24% yesterday to $51.59 after reaching all time highs on August 22nd. From a daily perspective, OAK is in a short term uptrend after plotting its last bottom ($51.00, on Aug/15) higher than the previous bottom, and its last top ($52.38, on August 22nd) also over the previous top. Now trading in between its last bottom and last top OAK might consolidate in a plain range, waiting to break out over $52.38 or down under $51.00. On August 22nd, OAK hit a new all time high, pushing higher than on Wednesday tops. Check different trading setups that use ATHs as triggers. On June OAK price bounced up over the SMA of 50 days demonstrating to be a significant support for this stock.
Despite of closing lower ($51.59, -0.21%), Oaktree Capital touched new all time high at $52.38. This week broke a streak of 4 green weeks.
Weekly chart tells us that price finally broke over the resistance at $50.62 and continued climbing. Late December 2018 OAK price bounced up over the SMA of 40 weeks that acted as support stopping new slides.
OAK stock price history
OAK stock went public on April 12th, 2012 with a price of $25.741. Since then, OAK stock grew a 100.40%, with an average of 14.30% per year. If you had invested right after OAK's IPO a $1,000 in OAK stock in 2012, it would worth $1,004.00 today.
1: Adjusted price after possible price splits or reverse-splits.
OAK stock historical price chart
OAK stock reached all-time highs on Aug 22nd with a price of $52.38.
OAK stock price target is $44.00How much a stock will be priced tomorrow or next week is quite unpredictable However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. Currently, only 1 price forecast for Oaktree Capital stock was posted in the last month:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-3-14||Wells Fargo & Co||Reiterates||$49.00||$44.00||-10.2%|
Financials and fundamental analysis
Earnings date and Earnings per ShareOn February, Oaktree Capital reported its latest financial data, posting a slightly fine climb for the Earnings per Share (EPS) ratio. Experts expected $0.41 per share, but Oaktree Capital posted $0.43.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual sales report draw a tragic drop down of -5.69% to $1,386.08 M USD. When comparing 2018 vs 2017, on the other hand, profit margin (that is, the net income divided by revenues) remained steady a 0.37% to 16.12%.
|2013||$3,700 M||-||$222 M6.0%||-|
|2014||$194 M||-94.76%||$126 M65.1%||-43.12%|
|2015||$202 M||4.13%||$71 M35.3%||-43.50%|
|2016||$1,126 M||457.56%||$195 M17.3%||172.89%|
|2017||$1,470 M||30.56%||$231 M15.8%||18.89%|
|2018||$1,386 M||-5.69%||$223 M16.1%||-3.49%|
Quarterly financial resultsOaktree Capital posted $594.25 million in revenues for 2018-Q4, a 146.34% improvement compared to previous quarter. Reported quarter income marked $82.91 M with a profit margin of 13.95%. Profit margin slipped a -9.54% compared to previous quarter when profit margin was 23.49%. When comparing revenues to same quarter last year, Oaktree Capital sales marked an astounding increase and climbed a 91.02%. Looking back to recent quarterly results, Oaktree Capital posted 2 negative quarters in a row.
|2017-Q2||$620 M||-||$117 M18.9%||-|
|2017-Q3||$235 M||-62.10%||$46 M19.5%||-60.93%|
|2017-Q4||$311 M||32.45%||$13 M4.3%||-70.74%|
|2018-Q1||$337 M||8.43%||$53 M15.6%||293.11%|
|2018-Q2||$213 M||-36.77%||$31 M14.6%||-40.98%|
|2018-Q3||$241 M||13.10%||$57 M23.5%||82.06%|
|2018-Q4||$594 M||146.34%||$83 M14.0%||46.32%|
|2019-Q1||$266 M||-55.17%||$54 M20.3%||-34.77%|
Oaktree Capital ownershipWhen you are planning to invest in shares of a company, it's worth to have a look its ownership structure.
Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Oaktree Capital, 1.34% of all outstanding shares are owned by its staff.
In case of Oaktree Capital stock, 68.31% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for OAK stock account 0.00%, no big difference from last month.
For a better understanding, the next table shows ownership data compared to other related stocks:
|Market cap||$3.7 B||$2.7 B||$3.8 B||$7.2 B||$62.9 B|
|Total shares||71.2 M||97.9 M||50.6 M||200.4 M||154.5 M|
|Float shares||73.4 M||92.0 M||50.1 M||143.6 M||118.4 M|
|- Institutional holdings (%)||68.3%||18.7%||100.6%||74.1%||83.5%|
|- Insider holdings (%)||1.3%||4.8%||0.9%||2.3%||3.8%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Friday, August 23rd, 2019|
|Day range||$51.52 - $52.25|
|Average true range||$0.53|
|50d mov avg||$50.44|
|100d mov avg||$49.75|
|200d mov avg||$45.45|
Oaktree Capital performancePerformance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. In the following table, we compare Oaktree Capital to AllianceBernstein, Affiliated Managers, Apollo Global Management, BlackRock, The Carlyle, Gamco Investors and Invesco:
|APOApollo Global Man...||14.18%||26.33%||9.97%|