Tam Capital Management buys $2.2 Million stake in Nationstar Mortgage Holdings Inc (NSM)

Nationstar Mortgage Holdings Inc (NSM) : Tam Capital Management scooped up 76,749 additional shares in Nationstar Mortgage Holdings Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 189,721 shares of Nationstar Mortgage Holdings Inc which is valued at $2.2 Million.Nationstar Mortgage Holdings Inc makes up approximately 10.38% of Tam Capital Management’s portfolio.

Other Hedge Funds, Including , North Run Capital Lp boosted its stake in NSM in the latest quarter, The investment management firm added 684,390 additional shares and now holds a total of 1,000,000 shares of Nationstar Mortgage Holdings Inc which is valued at $11.5 Million. Nationstar Mortgage Holdings Inc makes up approx 1.57% of North Run Capital Lp’s portfolio. Ft Options sold out all of its stake in NSM during the most recent quarter. The investment firm sold 9,200 shares of NSM which is valued $105,892.Schwab Charles Investment Management Inc boosted its stake in NSM in the latest quarter, The investment management firm added 2,623 additional shares and now holds a total of 141,626 shares of Nationstar Mortgage Holdings Inc which is valued at $1.7 Million.

Nationstar Mortgage Holdings Inc opened for trading at $12.51 and hit $12.86 on the upside on Wednesday, eventually ending the session at $12.84, with a gain of 2.72% or 0.34 points. The heightened volatility saw the trading volume jump to 5,11,676 shares. Company has a market cap of $1,321 M.

On the company’s financial health, Nationstar Mortgage Holdings Inc reported $0.27 EPS for the quarter, missing the analyst consensus estimate by $ -0.08 based on the information available during the earnings call on May 4, 2016. Analyst had a consensus of $0.35. The company had revenue of $263.80 million for the quarter, compared to analysts expectations of $484.04 million. The company’s revenue was down -31.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.53 EPS.

Many Wall Street Analysts have commented on Nationstar Mortgage Holdings Inc. Shares were Reiterated by FBR Capital on May 3, 2016 to “Mkt Perform” and Lowered the Price Target to $ 10 from a previous price target of $15 .Shares were Reiterated by FBR Capital on Feb 26, 2016 to “Mkt Perform” and Lowered the Price Target to $ 15 from a previous price target of $19 .

Nationstar Mortgage Holdings Inc. (Nationstar) is a real estate services company engaged in delivery of servicing origination and transaction-based services to single-family residences throughout the United States. Its segments are: Servicing Originations and Solutionstar. The Company provides residential mortgage servicers in the United States conducting operations through its Nationstar Mortgage and Champion Mortgage brands. Solutionstar is the Company’s technology and services segment which provides technology and data solutions to homebuyers home sellers real estate agents and companies that engage in the origination and servicing of loans. It caters to homeowners homebuyers and home sellers.

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