Shares of NorthStar Asset Management Group (NSAM) Sees Large Outflow of Money

NorthStar Asset Management Group (NSAM) : Money flow in the NorthStar Asset Management Group (NSAM) stock was negative (5.99 million) on Thursday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $6.79 million, compared to $12.78 million on downticks. The total uptick to downtick ratio was 0.53, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($5.97 million), indicating selling on the strength. The transaction value during uptick in block trades was $5.23 million. Downtick transaction value in block trades amounted to $11.2 million, indicating persistent selling. The uptick to downtick ratio was 0.47. NorthStar Asset Management Group (NSAM) traded $0.15 higher at $11.29 gaining 1.35% over the previous days close.


The stock has recorded a 20-day Moving Average of 5.65% and the 50-Day Moving Average is 1.93%. Shares have dropped -42.10% from its 1 Year high price. On Aug 6, 2015, the shares registered one year high at $19.40 and the one year low was seen on Feb 12, 2016. The 50-Day Moving Average price is $11.31 and the 200 Day Moving Average price is recorded at $11.45.

NorthStar Asset Management Group (NYSE:NSAM): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.24 and $11.08 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.33. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.27, notching a gain of 1.17% for the day. The total traded volume was 4,487,787 . The stock had closed at $11.14 on the previous day.

In an insider trading activity, Hannaway Judith A, director of Northstar Asset Management Group Inc. had purchased 500 shares on December 11, 2015 in a transaction. The price per share was $11.57 and the total amount of the disclosed transaction was $5,785.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

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.

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