GSA Capital Partners LLP Invests $486,000 in Nationstar Mortgage Holdings Inc (NSM)
GSA Capital Partners LLP bought a new position in shares of Nationstar Mortgage Holdings Inc (NYSE:NSM) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 26,180 shares of the financial services provider’s stock, valued at approximately $486,000.
Other hedge funds also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA increased its stake in shares of Nationstar Mortgage by 256.6% during the second quarter. BNP Paribas Arbitrage SA now owns 6,020 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 4,332 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Nationstar Mortgage during the second quarter worth about $160,000. Engineers Gate Manager LP purchased a new stake in shares of Nationstar Mortgage during the third quarter worth about $227,000. Voya Investment Management LLC increased its stake in shares of Nationstar Mortgage by 14.7% during the second quarter. Voya Investment Management LLC now owns 16,775 shares of the financial services provider’s stock worth $300,000 after purchasing an additional 2,156 shares in the last quarter. Finally, Quantitative Investment Management LLC purchased a new stake in shares of Nationstar Mortgage during the second quarter worth about $320,000. 98.42% of the stock is owned by institutional investors and hedge funds.
A number of research firms have recently commented on NSM. Keefe, Bruyette & Woods reissued a “hold” rating and set a $20.00 target price on shares of Nationstar Mortgage in a research note on Thursday, September 14th. ValuEngine cut shares of Nationstar Mortgage from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 9th. Zacks Investment Research cut shares of Nationstar Mortgage from a “hold” rating to a “sell” rating in a research note on Friday, October 20th. Finally, Piper Jaffray Companies raised shares of Nationstar Mortgage from an “underweight” rating to a “neutral” rating in a research note on Tuesday, November 21st. Two research analysts have rated the stock with a sell rating, five have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Nationstar Mortgage currently has an average rating of “Hold” and an average target price of $18.33.
Nationstar Mortgage (NYSE:NSM) last announced its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.01. Nationstar Mortgage had a net margin of 9.34% and a return on equity of 8.88%. The company had revenue of $406.00 million during the quarter, compared to analysts’ expectations of $481.67 million. During the same quarter in the prior year, the company earned $0.52 EPS. equities analysts expect that Nationstar Mortgage Holdings Inc will post 1.5 earnings per share for the current year.
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Nationstar Mortgage Company Profile
Nationstar Mortgage Holdings Inc provides servicing, origination and transaction based services principally to single-family residences throughout the United States. The Company operates through three segments: Servicing, Originations and Xome. The Company provides residential loan services in the United States.
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