Bearish Gap Down for Och-Ziff Capital Management Group LLC After Worse Fundamentals

The stock of Och-Ziff Capital Management Group LLC (NYSE:OZM) gapped down by $0.31 today and has $3.04 target or 8.00% below today’s $3.30 share price. The 7 months technical chart setup indicates high risk for the $614.08 million company. The gap down was reported on Apr, 13 by If the $3.04 price target is reached, the company will be worth $49.13M less. Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. The stock decreased 13.16% or $0.5 on April 12, hitting $3.3. About 12.30 million shares traded hands or 916.53% up from the average. Och-Ziff Capital Management Group LLC (NYSE:OZM) has declined 66.60% since September 4, 2015 and is downtrending. It has underperformed by 73.91% the S&P500.

Analysts await Och-Ziff Capital Management Group LLC (NYSE:OZM) to reports earnings on May, 3. They expect $0.13 EPS, down 48.00% or $0.12 from last year’s $0.25 per share. OZM’s profit will be $24.19 million for 6.35 P/E if the $0.13 EPS becomes reality. After $-0.07 actual EPS reported by Och-Ziff Capital Management Group LLC for the previous quarter, Wall Street now forecasts -285.71% EPS growth.

Out of 9 analysts covering Och-Ziff Capital Management Group (NYSE:OZM), 5 rate it “Buy”, 0 “Sell”, while 4 “Hold”. This means 56% are positive. Och-Ziff Capital Management Group was the topic in 16 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Compass Point downgraded the stock on February 12 to “Neutral” rating.

According to Zacks Investment Research, “Och-Ziff Capital Management Group LLC is a leading, global institutional alternative asset management firm. It seeks to deliver consistent positive risk-adjusted returns throughout market cycles, with a strong focus on risk management and capital preservation. Portfolio composition is determined by market opportunities rather than any predetermined commitment to investment discipline or geography. Our diversified, multi-strategy approach is based on global investment strategies, including merger arbitrage, convertible arbitrage, equity restructuring, credit and distressed investments, private investments and real estate.”

The institutional sentiment decreased to 0.82 in 2015 Q3. Its down 0.65, from 1.47 in 2015Q2. The ratio turned negative, as 22 funds sold all Och-Ziff Capital Management Group LLC shares owned while 28 reduced positions. 11 funds bought stakes while 30 increased positions. They now own 94.54 million shares or 3.09% more from 91.71 million shares in 2015Q2.

Kamunting Street Capital Management L.P. holds 7.91% of its portfolio in Och-Ziff Capital Management Group LLC for 363,341 shares. Walnut Private Equity Partners Llc owns 360,000 shares or 2.56% of their US portfolio. Moreover, Credit Capital Investments Llc has 2.52% invested in the company for 429,335 shares. The Alabama-based Zweig has invested 1.19% in the stock. Mcglinn Capital Management Inc, a Pennsylvania-based fund reported 43,850 shares.

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