Price Don’t Lie: What Next for CIFC LLC Stock After Making Record High?

Price Don't Lie: What Next for CIFC LLC Stock After Making Record High?

The stock of CIFC LLC (NASDAQ:CIFC) reached all time high today, Nov, 16 and still has $31.75 target or 179.00% above today’s $11.38 share price. This indicates more upside for the $269.62M company. This technical setup was reported by Barchart.com. If the $31.75 PT is reached, the company will be worth $482.62M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 47,206 shares traded hands or 150.91% up from the average. CIFC LLC (NASDAQ:CIFC) has risen 56.51% since April 14, 2016 and is uptrending. It has outperformed by 51.82% the S&P500.

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 turned 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.
Fifth Third Comml Bank holds 0% of its portfolio in CIFC LLC (NASDAQ:CIFC) for 725 shares. Financial Bank Of America Corp De owns 1,875 shares or 0% of their US portfolio. Harvest Strategies Limited Liability Corp reported 21,952 shares or 0.02% of all its holdings. Raffles Associates L P reported 585,587 shares or 4.21% of all its holdings. California Pub Employees Retirement System owns 13,100 shares or 0% of their US portfolio. Financial Bank Of Montreal Can has 6 shares for 0% of their US portfolio. Wells Fargo Mn accumulated 0% or 390,060 shares. Millennium Mngmt Ltd has 0% invested in the company for 13,702 shares. Benchmark Cap Advisors has 0.08% invested in the company for 12,970 shares. Moreover, Blackrock has 0% invested in CIFC LLC (NASDAQ:CIFC) for 614 shares. Tower Rech Capital Limited Liability Corporation (Trc) holds 1,007 shares or 0% of its portfolio. Moreover, Piershale Grp Incorporated has 0% invested in CIFC LLC (NASDAQ:CIFC) for 30 shares. Morgan Stanley last reported 0% of its portfolio in the stock. Creative Planning has 82 shares for 0% of their US portfolio. Moreover, Segall Bryant & Hamill Ltd Com has 0% invested in CIFC LLC (NASDAQ:CIFC) for 12,000 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 Prnewswire.com with their article: “CIFC To Be Acquired By F.A.B. Partners For $333 Million In Cash” published on August 19, 2016, Prnewswire.com published: “CIFC SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the Investigation of …” on September 06, 2016. More interesting news about CIFC LLC (NASDAQ:CIFC) were released by: Globenewswire.com and their article: “CIFC LLC Announces First Quarter of 2016 Results and a Quarterly Distribution …” published on May 06, 2016 as well as Quotes.Wsj.com‘s news article titled: “DOW JONES, A NEWS CORP COMPANY” with publication date: March 26, 2013.

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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