The stock of CIFC LLC (NASDAQ:CIFC) hit a new 52-week high and has $22.88 target or 103.00% above today’s $11.27 share price. The 6 months bullish chart indicates low risk for the $266.36 million company. The 1-year high was reported on Nov, 2 by Barchart.com. If the $22.88 price target is reached, the company will be worth $274.35M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 356 shares traded hands. CIFC LLC (NASDAQ:CIFC) has risen 58.45% since March 31, 2016 and is uptrending. It has outperformed by 55.93% the S&P500.
Analysts await CIFC LLC (NASDAQ:CIFC) to report earnings on November, 10.
According to Zacks Investment Research, “CIFC LLC is a credit asset management firm. The Company serves pension funds, endowments, insurance companies and family offices. It operates primarily in North America, Europe, Asia and Australia. CIFC LLC, formerly known as CIFC Corp., is based in New York.”
Insitutional Activity: The institutional sentiment decreased to 0.36 in 2016 Q2. Its down 0.14, from 0.5 in 2016Q1. The ratio worsened, as 6 funds sold all CIFC LLC shares owned while 5 reduced positions. 1 funds bought stakes while 3 increased positions. They now own 1.05 million shares or 4.69% more from 1.01 million shares in 2016Q1.
Moreover, Bank Of Montreal Can has 0% invested in CIFC LLC (NASDAQ:CIFC) for 6 shares. Commercial Bank Of America Corporation De accumulated 1,875 shares or 0% of the stock. Harvest Strategies Ltd Limited Liability Company owns 21,952 shares or 0.02% of their US portfolio. Wells Fargo Mn reported 390,060 shares or 0% of all its holdings. The California-based California Public Employees Retirement has invested 0% in CIFC LLC (NASDAQ:CIFC). Benchmark Cap Advsrs holds 0.08% or 12,970 shares in its portfolio. Segall Bryant Hamill Limited Co holds 12,000 shares or 0% of its portfolio. Creative Planning accumulated 82 shares or 0% of the stock. Morgan Stanley holds 442 shares or 0% of its portfolio. Raffles Limited Partnership holds 4.21% of its portfolio in CIFC LLC (NASDAQ:CIFC) for 585,587 shares. Piershale Financial Grp Inc last reported 0% of its portfolio in the stock. Millennium Management Limited last reported 0% of its portfolio in the stock. Moreover, Fifth Third Comml Bank has 0% invested in CIFC LLC (NASDAQ:CIFC) for 725 shares. Tower Capital Llc (Trc) last reported 0% of its portfolio in the stock. Blackrock has 0% invested in the company for 614 shares.
More notable recent CIFC LLC (NASDAQ:CIFC) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on October 01, 2011, also Streetinsider.com with their article: “Form DEFA14A CIFC LLC” published on November 01, 2016, Globenewswire.com published: “CIFC LLC Announces First Quarter of 2016 Results and a Quarterly Distribution …” on May 06, 2016. More interesting news about CIFC LLC (NASDAQ:CIFC) were released by: Quotes.Wsj.com and their article: “DOW JONES, A NEWS CORP COMPANY” published on March 26, 2013 as well as Businesswire.com‘s news article titled: “CIFC LLC Shareholder Alert: Former SEC Attorney Willie Briscoe and Powers …” with publication date: September 08, 2016.
CIFC Company Profile
CIFC LLC, incorporated on July 24, 2015, is a private debt manager. The Firm is specialized in secured United States corporate loan strategies. The Company’s primary business is to provide investment management services for institutional investors, including pension funds, hedge funds, asset management firms, banks, insurance companies and other types of investors around the world. The Firm establishes and manages investment products for various types of investors. The Firm offers various investment products, including collateralized loan obligations (CLOs), Non CLO products and collateralized debt obligations (CDOs).
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