Andalusian Capital Partners Lp Lowers stake in NorthStar Asset Management Group Inc (NSAM)

NorthStar Asset Management Group Inc (NSAM) : Andalusian Capital Partners Lp reduced its stake in NorthStar Asset Management Group Inc by 21.88% during the most recent quarter end. The investment management company now holds a total of 424,621 shares of NorthStar Asset Management Group Inc which is valued at $5,052,990 after selling 118,957 shares in NorthStar Asset Management Group Inc , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.NorthStar Asset Management Group Inc makes up approximately 14.48% of Andalusian Capital Partners Lp’s portfolio.

Other Hedge Funds, Including , Marshall Wace Llp sold out all of its stake in NSAM during the most recent quarter. The investment firm sold 13,100 shares of NSAM which is valued $155,890. Pacad Investment Ltd. added NSAM to its portfolio by purchasing 3,300 company shares during the most recent quarter which is valued at $39,270. NorthStar Asset Management Group Inc makes up approx 0.01% of Pacad Investment Ltd.’s portfolio. Mariner Investment Group added NSAM to its portfolio by purchasing 110,000 company shares during the most recent quarter which is valued at $1,318,900. NorthStar Asset Management Group Inc makes up approx 0.43% of Mariner Investment Group’s portfolio. Winslow Evans Crocker added NSAM to its portfolio by purchasing 180 company shares during the most recent quarter which is valued at $2,074. Locust Wood Capital Advisers sold out all of its stake in NSAM during the most recent quarter. The investment firm sold 125,430 shares of NSAM which is valued $1,444,954.

NorthStar Asset Management Group Inc opened for trading at $12.01 and hit $12.1 on the upside on Monday, eventually ending the session at $12.06, with a gain of 0.92% or 0.11 points. The heightened volatility saw the trading volume jump to 7,74,229 shares. Company has a market cap of $2,342 M.

On the company’s financial health, NorthStar Asset Management Group Inc reported $0.28 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.16.Analysts expectations of $ 118.43.

Many Wall Street Analysts have commented on NorthStar Asset Management Group Inc. Company shares were Upgraded by FBR Capital on Jun 6, 2016 to ” Outperform”, Firm has raised the Price Target to $ 15 from a previous price target of $12.50 .Shares were Downgraded by FBR Capital on Jun 1, 2016 to ” Mkt Perform” and Lowered the Price Target to $ 12.50 from a previous price target of $15 .

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 Company’s 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.

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