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Hedge Fund Hawkins Capital's Top Stock PicksInsider Monkey • Mon, Feb 11 -
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Hedge Funds' Favorite High Dividend Financial StocksDividendinvestr • Fri, Jul 13, 2012
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at CNBC.com (Tue, 1:32PM)
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Business Wire (Jun 6, 2013)
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Business Wire (May 29, 2013)
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Business Wire (May 22, 2013)
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at CNBC.com (Apr 12, 2013)
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at Fox Business (Mar 19, 2013)
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at CNBC.com (Mar 8, 2013)
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at CNBC.com (Feb 15, 2013)
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at CNBC.com (May 15, 2012)
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Business Wire (Apr 26, 2012)
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at MarketWatch.com (Apr 18, 2012)
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Business Wire (Apr 17, 2012)
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at CNBC.com (Apr 12, 2012)
OAK vs. ETF Alternatives
Company Description
Oaktree is a leading global investment management firm focused on alternative markets. We are experts in credit and contrarian, value-oriented investing. Since December 31, 2006, we have more than doubled our assets under management, or AUM, to $74.9 billion as of December 31, 2011, and grown to... More
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- | Earnings
- | Dividends
- | M&A
- | On the move
- Tuesday, June 11, 12:34 PM Oaktree Capital (OAK) is reportedly floating to investors the idea of an IPO for Stock Spirits Group, Poland and Italy's largest vodka maker. The move comes after talks to sell the business to Pamplona Capital broke down earlier this year. Comment! [Financials]
- Wednesday, June 5, 1:22 PM "We have a pretty simple business," says Apollo Global (APO) co-founder Josh Harris (webcast from DB conference), curious as to why the market values P-E companies based on a multiple of management fees when the real money is the 20% incentive fee. The trouble, he says, is the company only gets paid when it disposes of an asset. There's nothing regular about payments, so analysts don't include them. "For patient investors ... you're getting our growth for free." Others to check into: FIG, BX, KKR, OAK. Comment! [Financials, Quick Ideas]
- Friday, May 24, 3:39 PM Private-equity is taking profits, with this week's 7 offerings pushing the year's total to 86, more than double the amount this time last year, according to Dealogic. The dollar amount of $34B is a triple. In addition to Oaktree (OAK) and Apollo (APO) insiders cashing in some chips this month, Bain sold chunks of Bloomin Brands and Sensata (ST), Carlyle (CG) unloaded part of Wesco Aircraft, and teamed with Blackstone (BX) to sell $1.3B of Nielsen Holdings (NLSN). Comment! [Financials]
- Wednesday, May 22, 10:09 PM More P-E insiders cash in as Oaktree Capital (OAK) prices an upsized secondary (to 7M units from 6M) at $53.50 per share. The greenshoe option is for 15%, 1.05M shares. The company is using the proceeds to take out selling insiders. Two weeks ago, Apollo Global (APO) strategic investors and managing partners offered up 21.1M shares, and its CEO Leon Black has let it be known - now is the time to harvest. OAK -0.3% to $54.25 AH. 1 Comment [Financials]
- Wednesday, May 22, 9:51 AM Leon Black's strategy of "selling everything not nailed down" while at the same time raising new investment funds seems to be working as Apollo Global (APO) is the best-performing (on a Y/Y basis) of the alternative-asset stocks. "Apollo has aggressively entered harvesting mode and you're seeing shareholders reap the benefits," says CS's Howard Chen, who has a Buy rating. Also in the top 5 were FIG, BX, and KKR, while CG and BAM scraped the bottom. In between are relative newcomers OAK and OZM. Comment! [Financials]
- Tuesday, May 7, 9:22 AM More on Oaktree Capital (OAK) Q1 earnings: Clicking. Adjusted net income of $335.8M up 117% Y/Y. Distributable earnings of $1.79/share, up 167%. Quarterly distribution of $1.41/share announced, up from $0.55 a year ago. "As we mark our first anniversary of being public, Oaktree's performance and prospects have never been better." Indeed. CC at 11 ET. Shares +3.2% premarket. (PR) Comment! [Earnings, Financials, On the Move]
- Tuesday, May 7, 8:39 AM Oaktree Capital (OAK): Q1 EPS of $1.95 beats by $0.41. Revenue of $593.4M beats by $74.46M. (PR) Comment! [Earnings, Breaking News, Financials]
- Tuesday, May 7, 12:05 AM Notable earnings before Tuesday’s open: ACM, AFAM, AKRX, ALLT, ARCC, ARIA, BCRX, CHTR, CMLP, CNK, CQB, CRZO, CVLT, DFT, DISCA, DTV, DWRE, EMR, ENDP, FE, FOSL, HCN, HFC, HPT, HSIC, KWK, LPX, NRG, NRGY, NVAX, OAK, OMX, PQ, PRGO, RIGL, SHOO, TA, TAP, TDG, TGH, TICC, TRGT, TW, WRES, XEC 2 Comments [Earnings]
- Monday, May 6, 5:30 PM Notable earnings before Tuesday's open: ACM, AFAM, AKRX, ALLT, ARCC, ARIA, BCRX, CHTR, CMLP, CNK, CQB, CRZO, CVLT, DFT, DISCA, DTV, DWRE, EMR, ENDP, FE, FOSL, HCN, HFC, HPT, HSIC, KWK, LPX, NRG, NRGY, NVAX, OAK, OMX, PQ, PRGO, RIGL, SHOO, TA, TAP, TDG, TGH, TICC, TRGT, TW, WRES, XEC Comment! [Earnings]
- Monday, April 22, 5:00 PM Lloyds (LYG) looks to sell more of what not long ago was $6B of shipping loans, shopping a $609M portfolio, reports the WSJ. Hedge funds and P-E firms have been stepping in as European banks step back from the shipping sector. Lloyds unloaded its last chunk of shipping loans - $750M worth - to Oaktree Capital (OAK) late last year. Comment! [Financials]
- Tuesday, April 16, 9:02 AM The private-equity space may see some action today as Sandler O'Neill ratchets up price estimates on Oaktree (OAK), Blackstone (BX), and KKR to $63, $25, and $24, respectively. Oaktree's distribution could reach $4.38 this year, says Sandler, implying a 9% yield. BX +1.3%, KKR +2.5% premarket. Comment! [Financials, Quick Ideas, On the Move]
- Friday, April 12, 9:06 AM Oaktree Capital (OAK) is initiated a Hold at Wells Fargo, analyst Chris Harris calling the company "best in class," but nevertheless fairly valued after a big run in the shares and his cautious stance on credit assets going forward. Limited details for now, but JPMorgan calls Oaktree one of the top free cash flow plays. Comment! [Financials]
- Saturday, March 9, 9:00 AM Institutions are "still leery of stocks ... after 13 years of having their hearts broken," says Howard Marks (OAK). "You can see that in their low stock allocations compared with the period of 2000 and before." He expects stocks will need a couple more good years before "the love affair will really be rekindled." What's Oaktree excited about now? Commercial real estate in secondary markets - raw land, finishing projects, distressed properties. 17 Comments
- Saturday, February 16, 9:15 AM In the midst of a torrid run for private equity - BX, KKR, FIG, we'll throw in OAK as well - Blackstone President Tony James unloaded 31% of his stake in the firm last week for about $64M. On this month's earnings call, Blackstone CEO Schwarzman was unable to contain his enthusiasm for the company's prospects. 1 Comment [Financials]
- Friday, February 15, 3:26 PM Did a lawyer tap Howard Marks on the arm during Oaktree's (OAK) earnings call? Describing as "spectacular" the new investments made in the firm's Principal Funds. Marks stops himself a minute later to say "we are making good investments ... it's hyperbole on my part to say spectacular and I retract it." Spectacular is the performance of OAK since the IPO, +19% with another 4% in distributions. Comment! [Financials]
- Thursday, February 14, 9:04 AM More on Oaktree (OAK) Q4 earnings: Economic net income - includes incentive income (carried interest) - grew to $1.47/share from $1.05 a year ago. Company this month launched a new $3B distressed-debt fund. A distribution of $1.05/Class A share is declared, bringing total 2012 distribution to $2.94. Conference call with Howard Marks at 2 PM ET. (PR) Comment! [Earnings, Financials]
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Michael Bryant: $MELI rose on unusual volume on Friday. Mentioned it Monday morning. Nice 17% gain today. Still a longterm buy.
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Michael Bryant
But notice that the time since IPO & when Molycorp ($MCP) started to plunge is the same as Oaktree's ($OAK). http://yhoo.it/ZHyVj6 - View all 1 replies
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DaLatin: There is a big difference with a symbol like MCP. They had a high of 35 & no PE. And, compete with China. OAK has solid $s Apples 2 trash
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Michael Bryant
Oaktree Capital Group ($OAK) seems it has sustained the quiet period. http://yhoo.it/XHInVV - View all 0 replies
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Michael Bryant: All except $BEAV seems good to own and hold, but $JBHT is the only one with a history of uptrend of more than five years.
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Dividend Sheet
$DOM $OAK and $NEM are the best yielding stocks with highest announced growth from last month - http://stks.co/bM2m - 72% growth in average - View all 0 replies
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LATEST REPLIES
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- View all 1 replies
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Michael Bryant: $MELI rose on unusual volume on Friday. Mentioned it Monday morning. Nice 17% gain today. Still a longterm buy.
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Michael Bryant
But notice that the time since IPO & when Molycorp ($MCP) started to plunge is the same as Oaktree's ($OAK). http://yhoo.it/ZHyVj6 - View all 1 replies
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DaLatin: There is a big difference with a symbol like MCP. They had a high of 35 & no PE. And, compete with China. OAK has solid $s Apples 2 trash
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- View all 1 replies
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Michael Bryant: All except $BEAV seems good to own and hold, but $JBHT is the only one with a history of uptrend of more than five years.
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- View all 1 replies
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