Compass Point Reiterates Buy on Fortress Investment Group (FIG) as Fees Comprise Part of Share Price

Compass Point reiterated a Buy rating and $9.00 price target on Fortress Investment Group (NYSE: FIG) as fees comprise large part of share price. Analyst Amy DeBone said that recurring management fees based on long-term invested capital equal approximately $3.70 per share.

DeBone commented, "Recurring management fees based on long-term invested capital equal approximately $3.70 per share. This value excludes the value of unrealized incentive fee income and management fee income from funds that are not long-term in nature (primarily liquid market funds, credit hedge funds, and Logan Circle). Additionally, we include only the principal investments that are liquid and readily tradable, which amount to approximately $0.83 per share, based on closing prices as of 8/25/2015. The aggregated value of $4.50 per share represents the value of stable, long-term income and the current market value of liquid investments."

For an analyst ratings summary and ratings history on Fortress Investment Group click here. For more ratings news on Fortress Investment Group click here.

Shares of Fortress Investment Group closed at $5.67 yesterday.

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