Rating Change: Sigma Capital Group PLC (LON:SGM) Investors: N+1 Singer Reiterates “Corporate” Rating

November 24, 2016 - By Ellis Scott

Sigma Capital Group PLC (LON:SGM) Rating

N+1 Singer kept their “Corporate” rating on shares of Sigma Capital Group PLC (LON:SGM) in analysts note issued on 24 November.

About 85,000 shares traded hands. Sigma Capital Group Plc (LON:SGM) has declined 19.67% since April 26, 2016 and is downtrending. It has underperformed by 25.08% the S&P500.

Analysts await Stonegate Mortgage Corp (NYSE:SGM) to report earnings on March, 2. They expect $0.11 earnings per share, up 266.67% or $0.08 from last year’s $0.03 per share. SGM’s profit will be $2.93M for 11.59 P/E if the $0.11 EPS becomes a reality. After $0.41 actual earnings per share reported by Stonegate Mortgage Corp for the previous quarter, Wall Street now forecasts -73.17% negative EPS growth.

Insitutional Activity: The institutional sentiment increased to 0.75 in 2016 Q2. Its up 0.14, from 0.61 in 2016Q1. The ratio improved, as 18 funds sold all Sigma Capital Group Plc shares owned while 13 reduced positions. 10 funds bought stakes while 9 increased positions. They now own 10.82 million shares or 9.63% less from 11.98 million shares in 2016Q1.

The Minnesota-based Waterstone Capital Mngmt Limited Partnership has invested 1.03% in Sigma Capital Group Plc (LON:SGM). The New York-based Second Curve Capital Limited Liability has invested 5.35% in Sigma Capital Group Plc (LON:SGM). Eagle Boston Investment Mgmt Inc has 0.18% invested in the company for 398,960 shares. Paloma Prns Management, a Connecticut-based fund reported 51,996 shares. Spark Inv Limited Liability Com accumulated 11,400 shares or 0% of the stock. D E Shaw holds 0% or 63,444 shares in its portfolio. State Common Retirement Fund, a New York-based fund reported 4,000 shares. Vanguard Grp Inc has 0% invested in the company for 406,752 shares. Millennium Mngmt Limited Liability Co last reported 49,074 shares in the company. Credit Suisse Ag holds 0% of its portfolio in Sigma Capital Group Plc (LON:SGM) for 37,943 shares. Renaissance Techs Ltd Liability has invested 0% of its portfolio in Sigma Capital Group Plc (LON:SGM). Lmr Ptnrs Limited Liability Partnership accumulated 0.01% or 11,681 shares. American Group Incorporated reported 2.60M shares or 0.67% of all its holdings. Moreover, Schwab Charles Investment has 0% invested in Sigma Capital Group Plc (LON:SGM) for 33,188 shares. Mackenzie Financial accumulated 0% or 45,721 shares.

Sigma Capital Group plc is a holding company. The company has a market cap of 68.78 million GBP. The Company, together with its subsidiaries, is a property group principally focused on the Private Rented Sector sector. It has a 17.56 P/E ratio. The Company’s activities also encompass urban regeneration and property asset management.

According to Zacks Investment Research, “Stonegate Mortgage Corporation operates as a non-bank integrated mortgage company focused on originating, financing and servicing Agency and Non-Agency residential mortgage loans. Stonegate Mortgage Corporation is headquartered in the United States.”

SGM Company Profile

Stonegate Mortgage Corporation, incorporated on July 8, 1976, is a non-bank mortgage company. The Firm is focused on originating, financing and servicing the United States residential mortgage loans. The Company’s divisions include Originations, Servicing, Financing and Other. The Originations segment primarily originates and sells residential mortgage loans, which conform to the underwriting guidelines of the government sponsored enterprises (GSEs) and government agencies, and non-agency whole loan investors. The Servicing segment includes loan administration, collection and default activities, including the collection and remittance of loan payments, responding to customer inquiries, collection of principal and interest payments, and holding custodial funds for the payment of property taxes and insurance premiums. The Financing segment includes warehouse-lending activities to correspondent clients by the Company’s subsidiary, NattyMac, LLC (NattyMac).

Another recent and important Sigma Capital Group Plc (LON:SGM) news was published by Uk.Finance.Yahoo.com which published an article titled: “Sigma Capital Group plc (SGM.L)” on March 30, 2014.

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