Newcastle Investment Corp.(NYSE:NCT) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 9, 2016. Earnings per share were $0.21.
Newcastle Investment Corp. (NCT) shares turned negative on Wednesdays trading session with the shares closing down -0.02 points or -0.44% at a volume of 2,11,005. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $4.59. The peak price level was also seen at $4.59 while the days lowest was $4.51. Finally the shares closed at $4.55. The 52-week high of the shares is $5.23 while the 52-week low is $2.55. According to the latest information available, the market cap of the company is $304 M.
Several Insider Transactions has been reported to the SEC. On Nov 13, 2015, Kenneth M Riis (CEO and President) sold 37,556 shares at $4.64 per share price.Also, On Mar 12, 2015, Randal A Nardone (Secretary) sold 31,237 shares at $25.45 per share price.On Mar 12, 2015, Wesley R Edens (director) sold 31,237 shares at $25.45 per share price, according to the Form-4 filing with the securities and exchange commission.
Newcastle Investment Corp. (Newcastle) is a real estate investment trust (REIT). The Company focuses on investing in and managing a variety of real estate related and other investments. The Company operates through four segments: debt investments financed with collateralized debt obligations (CDOs) other debt investments (Other Debt) investment in golf properties and facilities (Golf) and corporate. Newcastle’s golf business includes around 87 properties in the United States that it leases owns or manages. The Company’s debt business consists of assets of $473.2 million financed in CDOs whereby Newcastle is the manager as well as $833.3 million of other real estate related securities and assets. Its investment portfolio includes debt investments such as commercial assets residential assets corporate assets and other investments such as golf investment. Newcastle is externally managed and advised by an affiliate of Fortress Investment Group LLC (Fortress) (the Manager).