Trade Report: The Swift Run Capital Management LLC Acquires 102,900 Shares of NorthStar Asset Management Group Inc. (NSAM)

The Swift Run Capital Management LLC Acquires 102,900  Shares of NorthStar Asset Management Group Inc. (NSAM)

Swift Run Capital Management LLC acquired a new stake in shares of NorthStar Asset Management Group Inc. (NYSE:NSAM) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 102,900 shares of the company’s stock, valued at approximately $1,051,000.

Other large investors have also recently added to or reduced their stakes in the company. Aperio Group LLC boosted its position in shares of NorthStar Asset Management Group by 104.2% in the first quarter. Aperio Group LLC now owns 64,258 shares of the company’s stock valued at $729,000 after buying an additional 32,797 shares during the last quarter. Teachers Advisors Inc. boosted its position in shares of NorthStar Asset Management Group by 21.9% in the first quarter. Teachers Advisors Inc. now owns 1,619,007 shares of the company’s stock valued at $18,376,000 after buying an additional 291,283 shares during the last quarter. BlackRock Inc. boosted its position in shares of NorthStar Asset Management Group by 56.8% in the first quarter. BlackRock Inc. now owns 54,158 shares of the company’s stock valued at $615,000 after buying an additional 19,626 shares during the last quarter. BlackRock Group LTD boosted its position in shares of NorthStar Asset Management Group by 36.4% in the first quarter. BlackRock Group LTD now owns 169,343 shares of the company’s stock valued at $1,921,000 after buying an additional 45,161 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of NorthStar Asset Management Group by 44.3% in the first quarter. JPMorgan Chase & Co. now owns 1,966,271 shares of the company’s stock valued at $22,318,000 after buying an additional 603,735 shares during the last quarter. Hedge funds and other institutional investors own 89.41% of the company’s stock.

NorthStar Asset Management Group Inc. (NYSE:NSAM) traded down 0.55% on Friday, reaching $12.76. The company’s stock had a trading volume of 2,095,915 shares. NorthStar Asset Management Group Inc. has a 12-month low of $9.17 and a 12-month high of $15.50. The stock has a market cap of $2.41 billion, a PE ratio of 28.17 and a beta of 1.54. The company’s 50 day moving average price is $12.55 and its 200-day moving average price is $11.94.

NorthStar Asset Management Group (NYSE:NSAM) last announced its earnings results on Thursday, August 4th. The company reported $0.28 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.28. NorthStar Asset Management Group had a return on equity of 105.06% and a net margin of 20.65%. On average, equities analysts expect that NorthStar Asset Management Group Inc. will post $1.22 EPS for the current year.

Separately, Keefe, Bruyette & Woods set a $16.00 target price on NorthStar Asset Management Group and gave the company a “buy” rating in a research report on Friday, August 5th.

NorthStar Asset Management Group Company Profile

NorthStar Asset Management Group Inc is a global asset management company. The Company is focused on strategically managing real estate and other investment platforms in the United States and internationally. It manages various companies, including NorthStar Realty Finance Corp. and NorthStar Realty Europe Corp.

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