Pre-Market Technical Recap on Asset Management Stocks -- Altaba, Prospect Capital, SEI Investments, and WisdomTree Investments
NEW YORK, August 21, 2017 /PRNewswire/ --
If you want a Stock Review on AABA, PSEC, SEIC, or WETF then come over to http://dailystocktracker.com/register/ and sign up for your free customized report today. DailyStockTracker.com focuses investors' attention on the Asset Management space, which includes financial institutions that offer investment services along with a wide range of traditional and alternative product offerings, such as checking writing privileges, credit cards, debit cards, margin loans, the automatic sweep of cash balances into a money market fund, and brokerage services. Lined up for evaluation this morning are: Altaba Inc. (NASDAQ: AABA), Prospect Capital Corp. (NASDAQ: PSEC), SEI Investments Co. (NASDAQ: SEIC), and WisdomTree Investments Inc. (NASDAQ: WETF). Daily Stock Tracker provides great insights on these stocks in its free research reports at:
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Altaba
Shares in New York-based Altaba Inc. ended Friday's session 1.40% higher at $63.07 with a total trading volume of 13.01 million shares. The stock has advanced 7.90% in the last month, 25.69% over the previous three months, and 63.10% on an YTD basis. The Company's shares are trading 11.49% above their 50-day moving average and 32.33% above their 200-day moving average. Moreover, shares of Altaba, which operates as a non-diversified, closed-end management investment company in the US, have a Relative Strength Index (RSI) of 72.82.
On August 15th, 2017, Altaba announced that its Board of Directors appointed Richard L. Kauffman as an independent director, effective August 11th, 2017, filling the vacancy on the Company's Board and bringing the total number of directors to five, four of whom are independent directors. Mr. Kauffman is currently the Chairman of Energy & Finance for New York State, overseeing its entire energy portfolio. Free research report on AABA is available at:
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Prospect Capital
Prospect Capital Corp.'s shares dropped 4.03%, closing the day at $7.15. A total volume of 8.46 million shares was traded, which was higher than their three months average volume of 2.04 million shares. The stock is trading 11.63% below its 50-day moving average. Additionally, shares of Prospect Capital, which specializes in middle market, mature, mezzanine finance, later stage, emerging growth, buyouts, recapitalizations, turnaround, growth capital, development, subordinated debt tranches of collateralized loan obligations, cash flow term loans, and bridge transactions, have an RSI of 14.61. The complimentary research report on PSEC can be downloaded at:
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SEI Investments
Last Friday, shares in Oaks, Pennsylvania-based SEI Investments Co. gained 0.22%, closing the session at $55.82. The stock recorded a trading volume of 594,256 shares, which was higher than its three months average volume of 521,210 shares. The Company's shares have advanced 11.46% over the previous three months and 13.09% on an YTD basis. The stock is trading 1.65% above its 50-day moving average and 9.24% above its 200-day moving average. Furthermore, 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 50.27.
On August 02nd, 2017, SEI Investments reported continued growth in its institutional defined contribution business with the addition of six new clients representing over $2 billion in new assets since the start of 2016, including $800 million in the first two quarters of 2017. The Company's new defined contribution clients added over that time include Teradyne Inc., Northwest Community Healthcare, Nice-Pak Products, and Iron Workers Local #399. Visit DailyStockTracker.com today and access our complete research report on SEIC at:
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WisdomTree Investments
New York-based WisdomTree Investments Inc.'s stock finished the session 0.34% higher at $8.91 with a total trading volume of 1.20 million shares. The Company's shares are trading below their 200-day moving average by 9.42%. Shares of the Company, which through its subsidiaries, operates as an exchange-traded funds sponsor and asset manager, have an RSI of 30.03.
On July 28th, 2017, WisdomTree Investments announced Q2 2017 results. For Q2 2017, net income was $12.1 million; pre-tax margin was 35.0%; and total expenses were $41.2 million. At June 30th, 2017, US listed ETF assets under management (AUM) were $43.2 billion, European listed AUM was $1.5 billion, and Canadian listed AUM was $91.5 million. Get free access to your research report on WETF at:
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