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Northstar Asset Management (NSAM) Jumps: Stock Rises 7.5%

Northstar Asset Management Group Inc. NSAM was a big mover last session, as the company saw its shares rise above 7% on the day. The move came after the company announced that it is in talks to form a triumvirate with Colony Capital, Inc. CLNY and Northstar Realty Finance Corp. The announcement of the three-way merger was jointly made by the companies after the market closed on Friday. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $11.90–$12.90 in the past one-month time frame.

In the last 30 days, the company has seen no estimate revision and the Zacks Consensus Estimate remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.      

Northstar Asset Management (NSAM) currently carries a Zacks Rank #4 (Sell) ), while its Earnings ESP is 0.00%.

Is NSAM going up? Or down? Predict to see what others think: Up or Down

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NORTHSTAR ASSET (NSAM): Free Stock Analysis Report
 
COLONY CAPITAL (CLNY): Free Stock Analysis Report
 
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