The Gamco Investors INC. ET AL Buys Shares of 668,500 Fortress Investment Group LLC (FIG)

The Gamco Investors INC. ET AL Buys Shares of 668,500 Fortress Investment Group LLC (FIG)

Several other hedge funds have also recently modified their holdings of FIG. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Fortress Investment Group by 6.5% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 572,575 shares of the asset manager’s stock worth $2,783,000 after buying an additional 35,128 shares during the last quarter. Morgan Stanley raised its position in shares of Fortress Investment Group by 1.3% in the third quarter. Morgan Stanley now owns 16,021,315 shares of the asset manager’s stock worth $79,145,000 after buying an additional 208,796 shares during the period. Renaissance Technologies LLC raised its position in shares of Fortress Investment Group by 157.9% in the fourth quarter. Renaissance Technologies LLC now owns 816,100 shares of the asset manager’s stock worth $3,966,000 after buying an additional 499,700 shares during the period. Serengeti Asset Management LP raised its position in shares of Fortress Investment Group by 25.0% in the fourth quarter. Serengeti Asset Management LP now owns 2,500,000 shares of the asset manager’s stock worth $12,149,000 after buying an additional 500,000 shares during the period. Finally, Bank of Montreal Can bought a new position in shares of Fortress Investment Group during the first quarter worth about $5,168,000. Institutional investors and hedge funds own 30.31% of the company’s stock.

Gamco Investors INC. ET AL acquired a new position in Fortress Investment Group LLC (NYSE:FIG) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 668,500 shares of the asset manager’s stock, valued at approximately $5,315,000. Gamco Investors INC. ET AL owned 0.31% of Fortress Investment Group as of its most recent filing with the SEC.

Shares of Fortress Investment Group LLC (NYSE:FIG) opened at 7.98 on Monday. Fortress Investment Group LLC has a 1-year low of $4.23 and a 1-year high of $8.05. The company has a market capitalization of $1.74 billion, a PE ratio of 20.62 and a beta of 1.77. The company’s 50-day moving average price is $8.00 and its 200-day moving average price is $6.76.

Fortress Investment Group (NYSE:FIG) last released its quarterly earnings data on Monday, May 8th. The asset manager reported $0.19 earnings per share for the quarter, hitting the consensus estimate of $0.19. Fortress Investment Group had a return on equity of 42.59% and a net margin of 10.21%. The business had revenue of $232.23 million during the quarter, compared to analysts’ expectations of $258.70 million. On average, equities analysts expect that Fortress Investment Group LLC will post $0.78 earnings per share for the current fiscal year. The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 26th. Shareholders of record on Monday, May 22nd were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 4.51%. The ex-dividend date of this dividend was Thursday, May 18th. Fortress Investment Group’s dividend payout ratio (DPR) is currently 225.01%.

Fortress Investment Group (NYSE:FIG) last released its quarterly earnings data on Monday, May 8th. The asset manager reported $0.19 earnings per share for the quarter, hitting the consensus estimate of $0.19. Fortress Investment Group had a return on equity of 42.59% and a net margin of 10.21%. The business had revenue of $232.23 million during the quarter, compared to analysts’ expectations of $258.70 million. On average, equities analysts expect that Fortress Investment Group LLC will post $0.78 earnings per share for the current fiscal year. FIG has been the topic of several analyst reports. JMP Securities lowered shares of Fortress Investment Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 8th. Zacks Investment Research raised shares of Fortress Investment Group from a “sell” rating to a “hold” rating in a report on Friday, March 10th. Five equities research analysts have rated the stock with a hold rating, Fortress Investment Group has an average rating of “Hold” and an average price target of $5.83.

Fortress Investment Group Company Profile Fortress Investment Group LLC (Fortress) is an investment management firm. The Company operates through segments, including private equity funds, permanent capital vehicles, credit hedge funds, credit PE funds, liquid hedge funds and Logan Circle. Its business is to sponsor the formation of, and provide investment management services for, various investment funds, permanent capital vehicles and related managed accounts (the Fortress Funds).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “FIG”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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