New England Asset Management Inc adds Yadkin Financial Corp (YDKN) to its portfolio

Yadkin Financial Corp (YDKN) : New England Asset Management Inc added new position in Yadkin Financial Corp during the most recent quarter end. The investment management firm now holds 332,408 shares of Yadkin Financial Corp which is valued at $10,224,870 , the company said in a statement filed on Nov 14, 2016 with the SEC.Yadkin Financial Corp makes up approximately 0.33% of New England Asset Management Inc’s portfolio.

Other Hedge Funds, Including , Context Bh Capital Management Lp added YDKN to its portfolio by purchasing 693,407 company shares during the most recent quarter which is valued at $20,698,199. Yadkin Financial Corp makes up approx 12.47% of Context Bh Capital Management Lp’s portfolio.Swiss National Bank reduced its stake in YDKN by selling 2,400 shares or 3.24% in the most recent quarter. The Hedge Fund company now holds 71,766 shares of YDKN which is valued at $2,015,189.California Public Employees Retirement System reduced its stake in YDKN by selling 6,500 shares or 5.02% in the most recent quarter. The Hedge Fund company now holds 123,041 shares of YDKN which is valued at $3,413,157. Yadkin Financial Corp makes up approx 0.01% of California Public Employees Retirement System’s portfolio.

Yadkin Financial Corp opened for trading at $31.02 and hit $31.78 on the upside on Monday, eventually ending the session at $31.74, with a gain of 2.22% or 0.69 points. The heightened volatility saw the trading volume jump to 2,26,473 shares. Company has a market cap of $1,643 M.

Yadkin Financial Corporation is a bank holding company. The Company conducts its business operations primarily through its wholly owned subsidiary Yadkin Bank a North Carolina chartered community bank which provides services in 73 branches across North Carolina and South Carolina. Yadkin Bank’s primary business is providing banking mortgage investment and insurance services to businesses and consumers across the Carolinas. The Company is engaged in providing general commercial banking and financial services to individuals and businesses located in North Carolina and South Carolina and to customers in various states through its Small Business Administration (SBA) lending program. The Company operates in six regions including Central Region Piedmont Region Mountain Region South Region Southeast Region and Northeast Region.

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