The First Marblehead Corporation (FMD) was Reiterated by Compass Point to “Neutral” while Lowering the Price Target of the company shares to $ 4.25 from a previous price target of $4.50 . Compass Point advised their investors in a research report released on May 11, 2016.
The First Marblehead Corporation closed down -0.07 points or -1.75% at $3.92 with 12,351 shares getting traded on Tuesday. Post opening the session at $4.09, the shares hit an intraday low of $3.9 and an intraday high of $4.09 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
The First Marblehead Corporation is a finance company focused on education financing marketplace in the United States. The Company provides loan programs on behalf of its lender clients for undergraduate and graduate students and for college graduates seeking to refinance private education loan. It offers services through its Monogram loan product service platform. The Company partners with lenders to design and administer education loan programs through its Monogram platform which are typically school-certified. These programs are designed to be marketed through educational institutions or to prospective borrowers and their families directly and to generate portfolios intended to be held by the originating lender or financed in the capital markets. The also Company offers other services on a stand-alone fee-for-service basis in support of its clients including tuition management loan processing and disbursement loan origination portfolio management and securitization services.