NorthStar Asset Management Group (NYSE:NSAM) has tumbled 7.26% during the past week and has dropped 3.6% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 6.15%. NorthStar Asset Management Group (NYSE:NSAM) has underperformed the index by 4.48% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
NorthStar Asset Management Group (NYSE:NSAM): The stock opened at $11.35 on Friday but the bulls could not build on the opening and the stock topped out at $11.59 for the day. The stock traded down to $11.16 during the day, due to lack of any buying support eventually closed down at $11.24 with a loss of -0.53% for the day. The stock had closed at $11.30 on the previous day. The total traded volume was 2,991,804 shares.
The company shares have dropped -44.66% from its 1 Year high price. On Jun 22, 2015, the shares registered one year high at $20.54 and the one year low was seen on Feb 12, 2016. The 50-Day Moving Average price is $12.02 and the 200 Day Moving Average price is recorded at $11.62.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Northstar Asset Management Group Inc., Hannaway Judith A, had purchased 500 shares in a transaction dated on December 11, 2015. The transaction was executed at $11.57 per share with total amount equaling $5,785.
Many analysts have stated their opinion on the company shares. Deutsche Bank maintains their rating on the shares of NorthStar Asset Management Group (NYSE:NSAM). The current rating of the shares is Buy. Equity Analysts at the Firm lowers the price target to $20 per share from $24 per share. The rating by the firm was issued on March 14, 2016. Currently the company Insiders own 2.54% of NorthStar Asset Management Group shares according to the proxy statements. Institutional Investors own 85.26% of NorthStar Asset Management Group shares.
Northstar Asset Management Group Inc. is an asset management company. The Company is focused on managing real estate and other investment platforms in the United States and internationally. The Company owns NorthStar Realty Securities, LLC (NorthStar Securities), which is a captive broker-dealer platform and raises capital in the retail market for its sponsored companies. The Companys sponsored companies include NorthStar Real Estate Income Trust, Inc. (NorthStar Income); NorthStar Healthcare Income, Inc. (North Star Healthcare); NorthStar/RXR New York Metro Income, Inc. ( NorthStar/RXR New York Metro), and NorthStar Corporate Income, Inc. (NorthStar Corporate). The Company also leases its offices in New York; Denver, Colorado; Dallas, Texas; Bethesda, Maryland; London, United Kingdom; Senningerberg, Luxembourg, Los Angeles, California, and Pembroke, Bermuda.