This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

5 Stocks Insiders Love Right Now

Fortress Investment Group

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Insiders have been doing some sizeable buying in Fortress Investment Group (FIG - Get Report), a global investment manager. Insiders are buying into some slight strength here since the stock is up around 10% so far in 2012.

Fortress Investment Group has a market cap of $712 million and an enterprise value of $645 million. This stock trades at an extremely cheap valuation, with a forward price-to-earnings of 5.95. Its estimated growth rate for this year is 2.2%, and for next year it's pegged at 34%. This is a cash-rich company, since the total cash position on its balance sheet is $333.17 million and its total debt is 261.25 million. After you back out the debt, Fortress has $71.62 million in cash on its books. This stock also has a dividend yield of 5.5%.

A director just bought 400,000 shares, or $1.39 million worth of stock, at $3.48 per share.

>>5 Long-Term Bank Stock Picks From Jefferies

From a technical perspective, FIG is currently trading below both its 50-day moving average and right above its 200-day moving average, which is neutral trendwise. This stock has been making mostly higher lows the past few months, but it's failed to make higher highs consistently. That pattern pretty puts the stock in no-man's-land until it can manage to get back above its 50-day and start making higher highs.

If you're a bull on FIG, I would only look for long biased trades once this stock breaks back above its 50-day moving average of $3.84 with strong volume. Look for volume on that move that's near or well above its three-month average action of 1.2 million shares. If we get that move soon, I would then add to any long position once it takes out some near-term overhead resistance at $4.12 to $4.38 with volume. I would simply avoid any long trades in FIG if it fails to hold a trend above its 50-day with strong upside volume flows.
2 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
ASTI $0.11 0.00%
FIG $5.96 0.00%
PZG $1.30 0.00%
VRA $10.47 0.00%
AAPL $113.29 0.00%

Markets

Chart of I:DJI
DOW 16,643.01 -11.76 -0.07%
S&P 500 1,988.87 +1.21 0.06%
NASDAQ 4,828.3250 +15.6170 0.32%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs