The stock of CIFC LLC (NASDAQ:CIFC) hit a new 52-week high and has $14.79 target or 30.00% above today’s $11.38 share price. The 6 months bullish chart indicates low risk for the $270.81 million company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $14.79 price target is reached, the company will be worth $81.24 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. About 18,505 shares traded hands or 8.90% up from the average. CIFC LLC (NASDAQ:CIFC) has risen 55.05% since April 15, 2016 and is uptrending. It has outperformed by 50.43% 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 2016 Q2. 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.
Benchmark Capital Advsr has 12,970 shares for 0.08% of their US portfolio. Blackrock Inc holds 0% or 614 shares in its portfolio. Fifth Third Commercial Bank has invested 0% of its portfolio in CIFC LLC (NASDAQ:CIFC). Millennium Management Limited Liability Corporation, a New York-based fund reported 13,702 shares. Harvest Capital Strategies Ltd Liability last reported 21,952 shares in the company. Creative Planning accumulated 82 shares or 0% of the stock. Morgan Stanley last reported 0% of its portfolio in the stock. Segall Bryant Hamill Limited Liability Com accumulated 0% or 12,000 shares. Ladenburg Thalmann Serv, a Florida-based fund reported 130 shares. California Pub Employees Retirement System last reported 13,100 shares in the company. State Bank Of America Corp De has 1,875 shares for 0% of their US portfolio. Raffles Associates L P has 4.21% invested in the company for 585,587 shares. Wells Fargo Communication Mn owns 390,060 shares or 0% of their US portfolio. Piershale Financial Group Inc has 30 shares for 0% of their US portfolio. Bankshares Of Montreal Can has 0% invested in the company for 6 shares.
More notable recent CIFC LLC (NASDAQ:CIFC) news were published by: Marketwatch.com which released: “Plus the latest data from Realtor.com on 21 home markets across the US” 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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