Insider Acquisition: Jack Ross Obtained 39,000 Shares of Sutherland Asset Management Corp (NYSE:SLD)

November 29, 2016 - By Louis Casey

Insider Acquisition: Jack Ross Obtained 39,000 Shares of Sutherland Asset Management Corp (NYSE:SLD)

Jack Ross Insider Buy

A legal document filed with the SEC on 29-11-2016 stated that Jack Ross, the President of Sutherland Asset Management Corp, ‘s company bought 39,000 shares. With average share price of $12.9, the transaction’s sum is $503,100 US Dollars. Jack Ross currently owns 279,044 shares or 0.89% of the company’s total market capitalization.

Insitutional Activity: The institutional sentiment decreased to 0.68 in 2016 Q2. Its down 0.26, from 0.94 in 2016Q1. The ratio turned negative, as 7 funds sold all Sutherland Asset Management Corp shares owned while 10 reduced positions. 4 funds bought stakes while 12 increased positions. They now own 2.85 million shares or 3.14% more from 2.76 million shares in 2016Q1.

Citigroup last reported 139,692 shares in the company. Vanguard Group Incorporated Inc, a Pennsylvania-based fund reported 366,135 shares. Financial Bank Of Mellon holds 0% or 18,481 shares in its portfolio. Philadelphia Financial Management Of San Francisco Limited Liability reported 53,795 shares or 0.17% of all its holdings. Wells Fargo Mn holds 0% or 2,872 shares in its portfolio. California Employees Retirement System has invested 0% of its portfolio in Sutherland Asset Management Corp (NYSE:SLD). The Kansas-based Creative Planning has invested 0% in Sutherland Asset Management Corp (NYSE:SLD). Geode Mngmt Ltd last reported 0% of its portfolio in the stock. Royal Bancshares Of Canada owns 12,100 shares or 0% of their US portfolio. Credit Suisse Ag has invested 0% of its portfolio in Sutherland Asset Management Corp (NYSE:SLD). State Of New Jersey Common Pension Fund D reported 149,000 shares or 0.01% of all its holdings. Moreover, Franklin Res has 0% invested in Sutherland Asset Management Corp (NYSE:SLD) for 10,000 shares. Deutsche Bankshares Ag, a Germany-based fund reported 45,162 shares. Blackrock Llc holds 1,402 shares or 0% of its portfolio. Bankshares Of America De, a North Carolina-based fund reported 1,000 shares.

The stock increased 0.77% or $0.1 on November 29, hitting $13.15. About 24,831 shares traded hands. Sutherland Asset Management Corp (NYSE:SLD) has declined 10.98% since April 26, 2016 and is downtrending. It has underperformed by 16.24% the S&P500.

Sutherland Asset Management Corporation, formerly ZAIS Financial Corp., is a diversified mortgage real estate investment trust . The company has a market cap of $404.69 million. The Firm originates, acquires, finances, services and manages small balance commercial loans (SBC) and Small Business Administration (SBA) loans. It currently has negative earnings. The Firm focuses on maintaining its existing residential mortgage origination platform, GMFS.

According to Zacks Investment Research, “Sutherland Asset Management Corporation is a commercial mortgage REIT. The company is a real estate finance company which acquires, originates, manages, services and finances primarily small balance commercial loans. It also invests in asset-backed securities and other real estate-related investments. Sutherland Asset Management Corporation, formerly known as ZAIS Financial Corp., is based in New York.”

Analysts await Sutherland Asset Management Corp (NYSE:SLD) to report earnings on March, 8. They expect $0.32 EPS, up 300.00% or $0.24 from last year’s $0.08 per share. SLD’s profit will be $9.85 million for 10.27 P/E if the $0.32 EPS becomes a reality. After $0.46 actual EPS reported by Sutherland Asset Management Corp for the previous quarter, Wall Street now forecasts -30.43% negative EPS growth.

More notable recent Sutherland Asset Management Corp (NYSE:SLD) news were published by: Prnewswire.com which released: “Sutherland Asset Management Corporation Announces Third Quarter 2016 Results” on November 22, 2016, also Prnewswire.com with their article: “Sutherland Asset Management Corporation Announces Date For Third Quarter 2016 ..” published on November 18, 2016, Prnewswire.com published: “Sutherland Asset Management Corporation Announces Closing Of Merger Of ..” on October 31, 2016. More interesting news about Sutherland Asset Management Corp (NYSE:SLD) were released by: Prnewswire.com and their article: “ZAIS Financial Corp. And Sutherland Asset Management Corp. Announce Final ..” published on September 12, 2016 as well as Prnewswire.com‘s news article titled: “ZAIS Financial Corp. And Sutherland Asset Management Corp. Announce ..” with publication date: September 27, 2016.

SLD Company Profile

Sutherland Asset Management Corporation, formerly ZAIS Financial Corp., is a diversified mortgage real estate investment trust (REIT). The Firm originates, acquires, finances, services and manages small balance commercial loans (SBC) and Small Business Administration (SBA) loans.

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