Investors Impressed With Och-Ziff Capital Management Group LLC (NYSE:OZM)
In the run up to the full year and fourth quarter results announcement by Och-Ziff Capital Management Group LLC (NYSE:OZM) on 6th February, the stock has attracted huge attention from the investor community during trading on 4th February. It has jumped up in value by a huge 9.2 percent during trading yesterday in anticipation of strong revenue numbers being reported.
The bullishness of the investor community has its source in the estimated unaudited returns that the management of Och-Ziff Capital Management Group LLC (NYSE:OZM) reported to SEC in the form of mandatory filings on 4th February. In the report the wealth and capital management firm has listed out the “estimated performance” of some of its major master funds for the just concluded month of January 2014. While the company warns that the estimated numbers might not necessarily tally with the financial results to be announced tomorrow, the investment community treat this as a precursor to the main results.
For the month of January, the three major funds managed by Och-Ziff Capital Management Group LLC (NYSE:OZM) ie OZ Master Fund, OZ Europe Master Fund and the OZ Asia Master Fund dipped by -0.27%, -0.07% and a significant -3.10% respectively. But the disclosure that as of 1st February it has under its management, funds worth close to $41.3 billion which has caught the market’s attention. In the first month of the year, Och-Ziff Capital Management Group LLC (NYSE:OZM) has been able to attract new investments worth $700 million into its corpus which has galvanized the investor community into buying up the stock ahead of its results tomorrow.
The fund boasts of a market cap of $2.23 billion and has generated net income of $106 million in the trailing 12 months. It has paid out dividend of $1 per share in the same time period and has recorded dividend yield of 7.02 percent