NEW YORK, May 25, 2017 /PRNewswire/ --
Featured on Stock-Callers.com today is the Asset Management industry, which includes companies that manage the financial assets of corporate, institutional, and individual clients. Under assessment this morning are: Fortress Investment Group LLC (NYSE: FIG), Janus Capital Group Inc. (NYSE: JNS), Legg Mason Inc. (NYSE: LM), and New Mountain Finance Corp. (NYSE: NMFC). Download the free research reports on these stocks today:
Fortress Investment Group LLC's shares gained 0.13%, closing Wednesday's trading session at $7.96. The stock recorded a trading volume of 538,643 shares. The Company's shares have advanced 63.79% since the start of this year. The stock is trading 30.19% above its 200-day moving average. Additionally, shares of Fortress Investment, which provides its services to pooled investment vehicles, pension and profit sharing plans, corporations, institutional managed accounts and structured products, banking or thrift institutions, investment companies, charitable organizations, and state or municipal government entities, have a Relative Strength Index (RSI) of 39.86.
On May 03rd, 2017, Fortress Investment announced the successful close of the Fortress Secured Lending Fund ("FSLF"). The fund was oversubscribed, with total accepted capital of $590 million, nearly 20% over an original target of $500 million. FSLF will become the primary funding source for the Company's established specialty finance lending business, which has committed approximately $5 billion across over 80 lender finance transactions since 2006. See our free and comprehensive research report on FIG at:
On Wednesday, shares in Janus Capital Group Inc. recorded a trading volume of 3.92 million shares, which was above their three months average volume of 2.04 million shares. The stock declined 1.17%, ending the day at $14.35. The Company's shares have advanced 6.69% in the past month, 13.71% in the previous three months, and 8.14% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 7.00% and 5.87%, respectively. Furthermore, shares of Janus Capital, which provides retirement planning, investment planning, tax planning, investment for college, and tax planning services to its clients, have an RSI of 60.40.
On May 02nd, 2017, VelocityShares, a Janus Capital Group brand, announced the launch of two new European volatility linked Exchange Traded Notes ("ETNs"): VelocityShares™ 1X Long VSTOXX Futures ETN linked to the VSTOXX Short-Term Futures Investable Index USD, and VelocityShares™ 1X Daily Inverse VSTOXX Futures ETN linked to the VSTOXX Short-Term Futures Inverse Investable Index USD. Both ETNs are linked to indices on VSTOXX Short-Term Futures, a widely traded measure of European equity market volatility. JNS free research report PDF is just a click away at:
Legg Mason Inc.'s stock finished the day 0.03% higher at $37.94 with a total trading volume of 563,872 shares. The Company's shares have advanced 1.80% in the previous three months and 26.85% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 3.19% and 11.66%, respectively. Additionally, shares of Legg Mason, which through its subsidiaries, provides investment management and related services to company-sponsored mutual funds and other investment vehicles, have an RSI of 57.43.
On May 10th, 2017, Legg Mason reported preliminary assets under management (AUM) of approximately $731 billion as of April 30th, 2017. This month's AUM included long-term outflows of $1.5 billion, consisting of net outflows in fixed income of $1.0 billion and equities of $0.6 billion, partially offset by alternatives inflows of $0.1 billion. Liquidity outflows were $0.2 billion, and this month's AUM included a negative foreign exchange impact of $0.1 billion. Sign up for your complimentary report on LM at:
New Mountain Finance
Shares in New Mountain Finance Corp. ended yesterday's session 0.34% lower at $14.65. The stock recorded a trading volume of 272,681 shares. The Company's shares have advanced 3.90% since the start of this year. The stock is trading 2.98% above its 200-day moving average. Moreover, shares of New Mountain Finance, which specializes in investments in middle market companies and debt securities at various levels of the capital structure, have an RSI of 49.13.
On May 08th, 2017, New Mountain Finance announced its financial results for the quarter ended March 31st, 2017, and reported first quarter net investment income and adjusted net investment income of $0.34 per weighted average share. The Company also announced that its board of directors declared a second quarter distribution of $0.34 per share, which will be payable on June 30th, 2017, to holders of record as of June 16th, 2017. Register for free on Stock-Callers.com and download the latest research report on NMFC at:
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