Pre-Market Technical Scan on Asset Management Equities -- Nuveen AMT-Free Municipal Credit Income Fund, OM Asset Management, PennantPark Investment, and SEI Investments
NEW YORK, Feb. 26, 2018 /PRNewswire/ -- WallStEquities.com strives to bring the best free research to the investment community. Today we are offering reports on NVG, OMAM, PNNT, and SEIC which can be accessed for free by signing up to www.wallstequities.com/registration. Ahead of today's trading session, WallStEquities.com revisits the Asset Management industry, which offers investment services along with a wide range of traditional and alternative product offerings that might not be available to the average investor. Selected for assessment this morning are the following companies: Nuveen AMT-Free Municipal Credit Income Fund (NYSE: NVG), OM Asset Management PLC (NYSE: OMAM), PennantPark Investment Corp. (NASDAQ: PNNT), and SEI Investments Co. (NASDAQ: SEIC). All you have to do is sign up today for this free limited time offer by clicking the link below.
www.wallstequities.com/registration
Nuveen AMT-Free Municipal Credit Income Fund
Last Friday, US-domiciled Nuveen AMT-Free Municipal Credit Income Fund's (NVG) stock climbed slightly by 0.56%, to close the day at $14.40. A total volume of 435,052 shares was traded. The Company's shares are trading 4.41% below their 50-day moving average. Additionally, shares of Nuveen, which invests in the fixed income markets of the US, have a Relative Strength Index (RSI) of 35.62.
On January 29th, 2018, Nuveen, Nuveen California Quality Municipal Income Fund (NAC), and Nuveen Quality Municipal Income Fund (NAD) have each completed the issuance of MuniFund Preferred Shares (MFP Series A Shares) in a privately negotiated exchange and private placement with a qualified institutional buyer. The corresponding amounts of newly issued MFP Series A Shares are as follows: NVG - $ 405,400,000; NAC - $ 320,000,000; and NAD - $ 607,000,000. Get the full research report on NVG for free by clicking below at:
www.wallstequities.com/registration/?symbol=NVG
OM Asset Management
Shares in Boston, Massachusetts-based OM Asset Management PLC rose slightly by 0.58%, finishing Friday's session at $15.59. The stock recorded a trading volume of 591,002 shares. The Company's shares have gained 3.66% over the past year. The stock is trading above its 200-day moving average by 1.61%. Furthermore, shares of the Company, which provides its services to individuals and institutions, have an RSI of 35.21.
On February 01st, 2018, OM Asset Management's Board of Directors announced that it has appointed Stephen H. Belgrad as President and CEO, effective March 02nd, 2018. Mr. Belgrad joined the Company's Board of Directors, effective January 30th, 2018. Concurrent with Mr. Belgrad's appointment, Daniel K. Mahoney will serve as Head of Finance, Principal Accounting Officer and Principal Financial Officer. Mr. Mahoney is currently the Company's Controller and Chief Accounting Officer. Free research on OMAM can be accessed at:
www.wallstequities.com/registration/?symbol=OMAM
PennantPark Investment
PennantPark Investment Corp.'s stock finished 0.28% lower at $7.15 last Friday at the close. A total volume of 231,560 shares was traded. The Company's shares have advanced 3.47% in the past month. The stock is trading above its 50-day moving average by 2.85%. Additionally, shares of PennantPark Investment, which specializes in direct and mezzanine investments in middle market companies, have an RSI of 61.07.
On February 07th, 2018, PennantPark Investment announced its financial results for its first fiscal quarter ended December 31st, 2017. For the quarter, investment income was $28.7 million, net investment income totaled $14.2 million, and net expenses totaled $14.5 million. As of December 31st, 2017, the Company had cash and cash equivalents of $72.8 million available for investing and general corporate purposes.
On February 09th, 2018, research firm Ladenburg Thalmann upgraded the Company's stock rating from 'Neutral' to 'Buy'. Visit WallStEquities.com now and sign up for the free research on PNNT at:
www.wallstequities.com/registration/?symbol=PNNT
SEI Investments
Oaks, Pennsylvania-based SEI Investments Co.'s shares ended the session 0.14% lower at $73.49. The stock recorded a trading volume of 1.06 million shares, which was above its three months average volume of 618,890 shares. The Company's shares have advanced 7.14% over the previous three months and 45.35% over the past year. The stock is trading 18.17% above its 200-day moving average. Moreover, shares of SEI Investments, which through its subsidiaries, provides wealth management, retirement and investment solutions, asset management, asset administration, investment processing outsourcing solutions, financial services, and investment advisory services to its clients, have an RSI of 51.09.
On February 21st, 2018, SEI Investments announced that the firm has been selected by Drexel University's LeBow College of Business as February's "Corporate Partner of the Month," highlighting an ongoing partnership that supports executive education, experiential learning, research collaboration, and talent acquisition. The free technical report on SEIC is available at:
www.wallstequities.com/registration/?symbol=SEIC
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