Omega Advisors Raises its Stake in New Residential Investment Corp (NRZ)

Leon Cooperman’s Omega Advisors, reported increasing its position in New Residential Investment Corp (NYSE:NRZ) to some 15.25 million shares, from 5.72 million shares held at the end of the third quarter. The new stake amasses 6.0% of New Residential Investment Corp’s common stock.

OMEGA ADVISORS

New Residential Investment Corp focuses on investing and managing investments related to residential real estate. For the fourth quarter the company paid a dividend of $0.175 per common share and a special cash dividend of $0.075 per common share, which is equivalent to a combined dividend of $0.25.

Some of the largest shareholders of New Residential Investment Corp at the end of the third quarter were Osterweis Capital Management, led by John Osterweis, which held 9.49 million shares which, is equivalent to 2.02% of its equity portfolio. The second largest holder is James Dinan’s York Capital Management, which owned close to 9.10 million shares which. The Third-largest is Brian Taylor’s Pine River Capital Management, which disclosed approximately 8.34 million shares.

Leon Cooperman, founder of Omega Advisors, manages approximately $3.4 billion hedge fund.

Earlier this month, the fund boosted its position in in Atlas Pipeline Partners, L.P. (NYSE:APL) to 7.8 million shares, from 4.3 million shares previously owned. It also dumped 9.2 million shares of Polycom Inc (NASDAQ:PLCM). The fund now owns 3.39 million shares of Arbor Realty Trust, Inc. (NYSE:ABR) which is equivalent to 6.9% of the common stock, one of the recent additions to the fund’s equity portfolio. Leon Cooperman also upped its position in Atlas Energy LP (NYSE:ATLS) to 4.4 million shares from 4.0 million shares held earlier. The new stake is equivalent to 8.6% of the company’s common stock.

In Novemeber, Omega Advisors, revealed a passive stake in dELiA*s, Inc. (NASDAQ:DLIA), which amassed 6.93% of the company’s common stock.

Disclosure: none

Roumell Asset Management Dumps Tecumseh Products Company (TECUA)

Joel Ramin’s 12 West Capital Discloses New Passive Stake in Zulily Inc (ZU)

Charles Paquelet’s Skylands Capital Is Bullish On These Stocks

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

The 10 Most Peaceful Countries in the World

5 Big Reasons Communism Failed

The 15 Most Famous Carl Icahn Quotes

10 Scary Animals that are Actually Harmless

The 8 Most Famous Singer-Actors in Entertainment

The 10 Longest Wars of All Time

The 13 Worst Looking Foods that Taste Great

The 6 Most Gruesome Injuries Suffered During a Sports Match

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!