Fmr LLC Has $19,250,000 Holding in Fortress Investment Group LLC (FIG)

Fmr LLC Has $19,250,000 Holding in Fortress Investment Group LLC (FIG)

Fmr LLC reduced its stake in shares of Fortress Investment Group LLC (NYSE:FIG) by 0.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,960,839 shares of the company’s stock after selling 33,200 shares during the period. Fmr LLC’s holdings in Fortress Investment Group were worth $19,250,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. boosted its stake in Fortress Investment Group by 6.5% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 572,575 shares of the company’s stock valued at $2,783,000 after buying an additional 35,128 shares during the last quarter. Commerzbank Aktiengesellschaft FI boosted its stake in Fortress Investment Group by 117.3% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 131,495 shares of the company’s stock valued at $639,000 after buying an additional 70,972 shares during the last quarter. William Harris Investors Inc. boosted its stake in Fortress Investment Group by 55.9% in the fourth quarter. William Harris Investors Inc. now owns 112,145 shares of the company’s stock valued at $545,000 after buying an additional 40,212 shares during the last quarter. Green Square Capital LLC purchased a new stake in Fortress Investment Group during the third quarter valued at approximately $230,000. Finally, HighTower Advisors LLC boosted its stake in Fortress Investment Group by 4.8% in the third quarter. HighTower Advisors LLC now owns 149,528 shares of the company’s stock valued at $738,000 after buying an additional 6,905 shares during the last quarter. Hedge funds and other institutional investors own 30.31% of the company’s stock.

Fortress Investment Group LLC (NYSE:FIG) opened at 7.95 on Friday. The firm’s 50 day moving average price is $7.80 and its 200 day moving average price is $5.82. Fortress Investment Group LLC has a 52-week low of $4.23 and a 52-week high of $8.05. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 21.14 and a beta of 1.77.

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 21st. Stockholders of record on Wednesday, March 15th were paid a $0.09 dividend. The ex-dividend date was Monday, March 13th. This represents a $0.36 annualized dividend and a dividend yield of 4.53%. Fortress Investment Group’s payout ratio is 225.01%.

Several equities research analysts have commented on the company. Zacks Investment Research upgraded Fortress Investment Group from a “sell” rating to a “hold” rating in a research note on Friday, March 10th. JMP Securities cut Fortress Investment Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 8th. Finally, Credit Suisse Group AG set a $6.00 target price on Fortress Investment Group and gave the company a “hold” rating in a research note on Monday, January 2nd. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $6.30.

About Fortress Investment Group

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).

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