Fortress Investment Group LLC (FIG) Stock Price Down 2.4%
Fortress Investment Group LLC (NYSE:FIG) fell 2.4% on Friday . The stock traded as low as $4.87 and last traded at $4.88, with a volume of 587,705 shares trading hands. The stock had previously closed at $5.00.
Several research firms recently weighed in on FIG. Zacks Investment Research upgraded Fortress Investment Group from a “sell” rating to a “hold” rating in a research report on Monday, July 11th. Keefe, Bruyette & Woods lowered Fortress Investment Group from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $6.50 to $5.50 in a research report on Monday, July 11th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $6.64.
The firm has a market capitalization of $1.06 billion and a PE ratio of 68.73. The firm has a 50-day moving average of $4.89 and a 200-day moving average of $4.78.
Fortress Investment Group (NYSE:FIG) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.08. The business earned $232 million during the quarter, compared to analysts’ expectations of $235.83 million. During the same quarter in the previous year, the company posted $0.30 earnings per share. The company’s quarterly revenue was down 24.6% compared to the same quarter last year. On average, equities analysts expect that Fortress Investment Group LLC will post $0.71 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 16th. Investors of record on Wednesday, August 10th were paid a $0.09 dividend. The ex-dividend date was Monday, August 8th. This is a boost from Fortress Investment Group’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a yield of 7.38%.
Fortress Investment Group LLC (Fortress) is an investment management firm with approximately $70.5 billion in assets under management (AUM). The Company operates through segments, including private equity funds, permanent capital vehicles, credit hedge funds, credit PE funds, liquid hedge funds and Logan Circle.
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