Company Shares of Fortress Investment Group LLC (NYSE:FIG) Drops by -1.44%

Posted on March 21, 2016

By Aaron Hall

Fortress Investment Group LLC (NYSE:FIG) has tumbled 1.44% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 13.27% in the last four weeks. The stocks have underperformed the S&P 500 by 2.76% during the past week but Fortress Investment Group LLC (NYSE:FIG) it has outperformed the index in 4 weeks by 5.99%. The stock has recorded a 20-day Moving Average of 3.76% and the 50-Day Moving Average is 9.53%.

Fortress Investment Group LLC (NYSE:FIG) witnessed a decline in the market cap on Friday as its shares dropped 0.62% or 0.03 points. After the session commenced at $4.84, the stock reached the higher end at $4.93 while it hit a low of $4.72. With the volume soaring to 705,558 shares, the last trade was called at $4.78. The company has a 52-week high of $8.65. The company has a market cap of $1,868 million and there are 390,698,000 shares in outstanding. The 52-week low of the share price is $3.87. The company shares have dropped 38.8% in the past 52 Weeks. On April 9, 2015 The shares registered one year high of $8.65 and one year low was seen on February 11, 2016 at $3.87. The 50-day moving average is $4.46 and the 200 day moving average is recorded at $5.12. S&P 500 has rallied 2.61% during the last 52-weeks.

Investors should note that the Company has disclosed insider buying and selling activities to the Securities Exchange, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director officer 10% owner (Principal) of Fortress Investment Group Llc, Edens Wesley R, had purchased 200,000 shares in a transaction dated on August 27, 2015. The transaction was executed at $6.06 per share with total amount equaling $1,212,000. Currently the company Insiders own 52.89% of Fortress Investment Group LLC shares according to the proxy statements. Institutional Investors own 33.24% of Fortress Investment Group LLC shares.

Many analysts have stated their opinion on the company shares. Keefe Bruyette & Woods maintains its rating on Fortress Investment Group LLC (NYSE:FIG). The global brokerage major lowers the current price target from $8 per share to $7 per share. Analysts at the Keefe Bruyette & Woods have a current rating of Outperform on the shares. The rating by the firm was issued on January 13, 2016.

Fortress Investment Group LLC (Fortress) is an investment management firm with approximately $67.5 billion in assets under management (AUM) as of December 31, 2014. Its business is to sponsor the formation of, and provide investment management services for, various investment funds and companies, including related managed accounts (collectively, the Fortress Funds). Fortress makes investments in these funds. Fortress has three primary sources of income from the Fortress Funds: management fees, incentive income and investment income on its investments in the funds. The Fortress Funds fall into four business segments in which Fortress operates: Private equity, focuses on control-oriented investments; Liquid hedge funds, invests in fixed income, currency, equity and commodity markets, and related derivatives; Credit funds, invests in direct lending, corporate debt and securities, real estate and structured finance, and Logan Circle, an asset management business.

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