NorthStar Asset Management Group Inc (NSAM) : Kavi Asset Management Lp reduced its stake in NorthStar Asset Management Group Inc by 20.68% during the most recent quarter end. The investment management company now holds a total of 366,400 shares of NorthStar Asset Management Group Inc which is valued at $4,972,048 after selling 95,500 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 4.99% of Kavi Asset Management Lp’s portfolio.
Other Hedge Funds, Including , Citadel Advisors reduced its stake in NSAM by selling 15,520 shares or 44.54% in the most recent quarter. The Hedge Fund company now holds 19,322 shares of NSAM which is valued at $261,620.Wasatch Advisors Inc reduced its stake in NSAM by selling 78,044 shares or 83.71% in the most recent quarter. The Hedge Fund company now holds 15,189 shares of NSAM which is valued at $215,684.Next Financial Group Inc boosted its stake in NSAM in the latest quarter, The investment management firm added 1,950 additional shares and now holds a total of 2,950 shares of NorthStar Asset Management Group Inc which is valued at $40,179. NorthStar Asset Management Group Inc makes up approx 0.01% of Next Financial Group Inc’s portfolio. Capital Fund Management S.a. sold out all of its stake in NSAM during the most recent quarter. The investment firm sold 193,640 shares of NSAM which is valued $2,635,440.
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.