New Residential Investment Corp. (NYSE:NRZ) [Trend Analysis] knocking active thrust in leading trading session, shares a decrease of -2.77% to 15.23 with around 21.14 Million shares have changed hands in this session. New Residential Investment Corp. (NRZ) reported Monday an contract to acquire approximately $97 billion unpaid principal balance or UPB of mortgage servicing rights or MSRs.
On January 27, New Residential, through its wholly-owned subsidiary New Residential Mortgage LLC, entered into an contract to purchase approximately $97 billion UPB of seasoned Agency MSRs and related servicer advances from CitiMortgage, Inc. for a purchase price of approximately $950 million and $32 million, respectively.
The acquisition of the MSRs is expected to close in the first quarter of 2017, subject to government-sponsored enterprise and regulatory approvals and other customary closing conditions. The stock is going forward its fifty-two week low with 79.86% and lagging behind from its 52-week high price with -6.74%.
Similar, the positive performance for the quarter recorded as 16.15% and for the year was 57.34%, while the YTD performance remained at -0.38%. NRZ has Average True Range for 14 days of 0.22.
Honda Motor Co., Ltd. (NYSE:HMC) [Trend Analysis] retains strong position in active trade, as shares scoring -0.43% to $29.82 in a active trade session, while looking at the shares volume, around 72023 shares have changed hands in this session. Gastar Exploration Inc. (NYSEMKT:GST) reported that its Board of Directors has adopted a Net Operating Loss (NOL) Shareholder Rights Contract designed to preserve its substantial tax assets. As of December 31, 2015, Gastar had cumulative net operating loss carryforwards of approximately $512.0 million, which can be utilized in certain circumstances to offset future U.S. taxable income.
The Company further expects its cumulative net operating loss carryforwards to increase as of December 31, 2016.As of January 18, 2017, Gastar’s previously adopted rights plan expired pursuant to the terms of the rights plan. After considering, among other matters, the estimated value of the Company’s tax benefits, the potential for diminution upon an ownership change, and the risk of an ownership change occurring, including the recently disclosed accumulations of Gastar stock, the Board adopted the Rights Plan, which is intended to protect Gastar’s tax benefits and to allow all of Gastar’s stockholders to realize the long-term value of their investment in Gastar. The firm has institutional ownership of 3.10%, while insider ownership included 0.30%. HMC attains analyst recommendation of 2.00 with week’s performance of -1.35%. Investors looking further ahead will note that the Price to next year’s EPS is 17.84%.