Pacific Grove Capital Lp Lowers stake in NorthStar Asset Management Group Inc (NSAM)

NorthStar Asset Management Group Inc (NSAM) : Pacific Grove Capital Lp reduced its stake in NorthStar Asset Management Group Inc by 46.74% during the most recent quarter end. The investment management company now holds a total of 845,000 shares of NorthStar Asset Management Group Inc which is valued at $11,466,650 after selling 741,612 shares in NorthStar Asset Management Group Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.NorthStar Asset Management Group Inc makes up approximately 5.69% of Pacific Grove Capital Lp’s portfolio.

Other Hedge Funds, Including , D. E. Shaw reduced its stake in NSAM by selling 182,239 shares or 34.54% in the most recent quarter. The Hedge Fund company now holds 345,386 shares of NSAM which is valued at $4,766,327. NorthStar Asset Management Group Inc makes up approx 0.01% of D. E. Shaw’s portfolio. Whittier Trust Co Of Nevada Inc sold out all of its stake in NSAM during the most recent quarter. The investment firm sold 845 shares of NSAM which is valued $11,441.Cadence Capital Management reduced its stake in NSAM by selling 14,239 shares or 41.73% in the most recent quarter. The Hedge Fund company now holds 19,881 shares of NSAM which is valued at $269,189. NorthStar Asset Management Group Inc makes up approx 0.02% of Cadence Capital Management’s portfolio.Calvert Investment Management boosted its stake in NSAM in the latest quarter, The investment management firm added 28 additional shares and now holds a total of 14,400 shares of NorthStar Asset Management Group Inc which is valued at $204,480. NorthStar Asset Management Group Inc makes up approx 0.01% of Calvert Investment Management’s portfolio.

NorthStar Asset Management Group Inc closed down -0.07 points or -0.49% at $14.13 with 14,01,049 shares getting traded on Monday. Post opening the session at $14.26, the shares hit an intraday low of $14.08 and an intraday high of $14.26 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, NorthStar Asset Management Group Inc reported $0.26 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Nov 8, 2016. Analyst had a consensus of $0.28. The company had revenue of $95.50 million for the quarter, compared to analysts expectations of $114.74 million. The company’s revenue was down -11.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.22 EPS.

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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