NorthStar Asset Management Group (NSAM) has been under a strong bear grip, hence the stock is down -4.27% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 5.58% in the past 1 week. The stock has risen by 7.16% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.09% in the past 4 weeks. The stock has recorded a 20-day Moving Average of 5.3% and the 50-Day Moving Average is 2.13%.
NorthStar Asset Management Group (NYSE:NSAM): The stock opened at $11.32 on Friday but the bulls could not build on the opening and the stock topped out at $11.37 for the day. The stock traded down to $11.15 during the day, due to lack of any buying support eventually closed down at $11.23 with a loss of -0.35% for the day. The stock had closed at $11.27 on the previous day. The total traded volume was 4,055,250 shares.
The company Insiders own 2.54% of NorthStar Asset Management Group shares according to the proxy statements. Institutional Investors own 85.25% of NorthStar Asset Management Group shares. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Northstar Asset Management Group Inc., Hannaway Judith A, had purchased 500 shares in a transaction dated on December 11, 2015. The transaction was executed at $11.57 per share with total amount equaling $5,785.
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 Companys 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.