Investors reacted negatively to the financial sector on Friday. Major movement was seen in Broadway Financial Corp. (NASDAQ:BYFC) and Penson Worldwide, Inc. (NASDAQ:PNSN) on gainers side while Roma Financial Corporation (NASDAQ:ROMA) was prominent stock on the losers side.
The Blackstone Group LP (NYSE:BX) has made a deal with Capital Trust, Inc. (NYSE:CT) to purchase the latter’s investment business. The corporation also set to acquire 18.2% stake in Capital Trust, offering it the corresponding managerial rights. Blackstone will give around $30 million for this agreement.
The Blackstone Group L.P’s YTD performance was recorded as 5.00% while its market capitalization was $17.57 billion. The company has P/B ratio of 6.80. Institutional ownership owns 65.85% shares of the company while beta factor, which is used to measure riskiness of the security, was 2.26. Net profit margin of the company was -0.82%.
Shares of Capital Trust, Inc. (NYSE:CT) moved up 18% after the corporation reported late Thursday that it has made a agreement to sell its CT Investment Management Co. subsidiary and its co-investments for $20 million.
Capital Trust also reported a special dividend of $2 a share with the deal, payable as soon as possible after the deal closes.
Capital Trust, Inc. has market capitalization of $86.91 million. Its shares were looking forward SMA50 with 21.75. The company offered earnings per share of 3.04 while its 22.52 million shares were outstanding. YTD performance of the stock was 67.56%.
KKR & Co. L.P (NYSE:KKR) has the market capitalization of $3.60 billion. The company’s EPS was 0.49 while its 209.15 million shares were outstanding. Its institutional ownership was 70.76%. Shares of the company were moving ahead of SMA50 with 5.19% while its YTD performance was 22.85%.
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