The stock of CIFC LLC (NASDAQ:CIFC) hit a new 52-week high and has $33.56 target or 197.00% above today’s $11.30 share price. The 8 months bullish chart indicates low risk for the $268.14 million company. The 1-year high was reported on Nov, 7 by Barchart.com. If the $33.56 price target is reached, the company will be worth $528.24 million 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. The stock closed at $11.3 during the last session. It is up 63.29% since April 5, 2016 and is uptrending. It has outperformed by 61.34% 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 Q2 2016. Its down 0.14, from 0.5 in 2016Q1. The ratio is negative, 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.
Raffles Lp has 4.21% invested in the company for 585,587 shares. Wells Fargo And Mn holds 0% of its portfolio in CIFC LLC (NASDAQ:CIFC) for 390,060 shares. Fifth Third Comml Bank has 0% invested in the company for 725 shares. Harvest Capital Strategies Limited Co accumulated 0.02% or 21,952 shares. Natl Bank Of America De has invested 0% of its portfolio in CIFC LLC (NASDAQ:CIFC). Benchmark Capital Advisors has invested 0.08% of its portfolio in CIFC LLC (NASDAQ:CIFC). Ladenburg Thalmann Services accumulated 0% or 130 shares. Millennium Mngmt Limited Liability Company owns 13,702 shares or 0% of their US portfolio. Creative Planning accumulated 82 shares or 0% of the stock. Tower Research Cap Ltd (Trc) has 1,007 shares for 0% of their US portfolio. Bancorp Of Montreal Can, a Ontario – Canada-based fund reported 6 shares. Morgan Stanley accumulated 442 shares or 0% of the stock. Blackrock owns 614 shares or 0% of their US portfolio. Piershale Fin Group accumulated 0% or 30 shares. California Pub Employees Retirement Sys has invested 0% of its portfolio in CIFC LLC (NASDAQ:CIFC).
More notable recent CIFC LLC (NASDAQ:CIFC) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on October 01, 2011, also Globenewswire.com with their article: “CIFC LLC Announces Third Quarter 2016 Results” published on November 03, 2016, Prnewswire.com published: “CIFC To Be Acquired By F.A.B. Partners For $333 Million In Cash” on August 19, 2016. More interesting news about CIFC LLC (NASDAQ:CIFC) were released by: Prnewswire.com and their article: “CIFC SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the Investigation of …” published on September 06, 2016 as well as Globenewswire.com‘s news article titled: “CIFC LLC Announces First Quarter of 2016 Results and a Quarterly Distribution …” with publication date: May 06, 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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