Hedge Funds Are Selling Och-Ziff Capital Management Group LLC (OZM)

Should Och-Ziff Capital Management Group LLC (NYSE:OZM) investors track the following data?

In the financial world, there are many indicators shareholders can use to watch their holdings. A duo of the most under-the-radar are hedge fund and insider trading interest. At Insider Monkey, our research analyses have shown that, historically, those who follow the best picks of the top fund managers can outclass the S&P 500 by a solid margin (see just how much).

Just as useful, bullish insider trading sentiment is another way to look at the investments you’re interested in. Obviously, there are lots of reasons for an upper level exec to downsize shares of his or her company, but only one, very obvious reason why they would initiate a purchase. Many empirical studies have demonstrated the impressive potential of this method if investors understand where to look (learn more here).

What’s more, we’re going to analyze the recent info for Och-Ziff Capital Management Group LLC (NYSE:OZM).

What does the smart money think about Och-Ziff Capital Management Group LLC (NYSE:OZM)?

Heading into Q3, a total of 12 of the hedge funds we track held long positions in this stock, a change of -8% from the previous quarter. With hedge funds’ sentiment swirling, there exists a select group of key hedge fund managers who were upping their stakes significantly.

Out of the hedge funds we follow, ZWEIG DIMENNA PARTNERS, managed by Joe DiMenna, holds the most valuable position in Och-Ziff Capital Management Group LLC (NYSE:OZM). ZWEIG DIMENNA PARTNERS has a $18.8 million position in the stock, comprising 0.8% of its 13F portfolio. Coming in second is Levin Capital Strategies, managed by John A. Levin, which held a $8.7 million position; 0.2% of its 13F portfolio is allocated to the stock. Some other hedge funds that hold long positions include Jim Simons’s Renaissance Technologies, Dmitry Balyasny’s Balyasny Asset Management and Richard Driehaus’s Driehaus Capital.

Because Och-Ziff Capital Management Group LLC (NYSE:OZM) has faced dropping sentiment from upper-tier hedge fund managers, it’s easy to see that there was a specific group of money managers that elected to cut their full holdings in Q1. Intriguingly, Wojciech Uzdelewicz’s Espalier Global Management dropped the biggest position of the 450+ funds we key on, worth about $4.7 million in stock. Joseph A. Jolson’s fund, Harvest Capital Strategies, also dumped its stock, about $2 million worth. These transactions are important to note, as aggregate hedge fund interest fell by 1 funds in Q1.

What have insiders been doing with Och-Ziff Capital Management Group LLC (NYSE:OZM)?

Legal insider trading, particularly when it’s bullish, is particularly usable when the primary stock in question has seen transactions within the past 180 days. Over the latest 180-day time period, Och-Ziff Capital Management Group LLC (NYSE:OZM) has experienced zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).

We’ll go over the relationship between both of these indicators in other stocks similar to Och-Ziff Capital Management Group LLC (NYSE:OZM). These stocks are American Capital Ltd. (NASDAQ:ACAS), Waddell & Reed Financial, Inc. (NYSE:WDR), Lazard Ltd (NYSE:LAZ), Legg Mason, Inc. (NYSE:LM), and KKR & Co. L.P. (NYSE:KKR). All of these stocks are in the asset management industry and their market caps are similar to OZM’s market cap.