Navigator Global’s AUM Nudges to US$14.89 in March 2019 Quarter

Navigator Global Investments Limited (ASX: NGI) is the parent company of Lighthouse Investment Partners, LLC which manages alternative investments. The company’s focus is on the alternative investments and employees 145 people.

On 18th April 2019, the company released its quarterly update of AUM for the March 2019 quarter.

Commingled Funds: The AUM with the Lighthouse was reported at US$4.21 billion which is US$0.1 billion up from the previous quarter’s reported AUM of US$4.2 billion. The net outflows for the quarter were reported at US$0.15 billion whereas the performance of the fund increased the AUM by US$0.16 billion which offset the outflows fully and resulted in the net increase of US$0.01 billion. Net outflows include money received by Lighthouse for applications and redemptions effective 1st April 2019

MAS reported US$1.17 billion of AUM in the March quarter which is down by US$0.19 billion compared to the AUM of US$1.36 billion in the previous quarter. The net outflows for the quarter stood at US$0.22 billion, and the fund performance led to US$0.03 billion increase in AUM.

Single Investor Customised Solutions: Under this category, Lighthouse has shown a relatively good performance. The AUM increased by US$0.43 billion from US$6.62 billion in the previous quarter and reported at US$7.05 billion. The fund generated the net inflow of US$0.22 billion with a performance increase of US$0.21 billion.

MAS reported the AUM of US$2.46 billion which decreased by US$0.08 billion from the previously reported AUM of US$2.54. The fund had a total net outflow of US$0.14 billion in the March quarter with a US$0.06 billion of increase in AUM due to performance.

The total AUM of the company increased by US$0.17 billion from US$14.72 in December 2018 quarter to US$14.89 in March 2019 quarter.

On 15th April 2019, the company released an official statement stating Eley Griffiths Group Pty Limited had acquired 8,245,546 shares in the company with a voting power of 5.09% from 2nd February 2018 to 10th April 2019, making the Eley Griffiths a substantial shareholder of the company.

On 21st February 2019, the company announced an interim dividend for 2019 of US$0.08 which is equivalent to A$11.17 based on the exchange rate at the record date of 21st February 2019. The dividend has been paid in AUD on ordinary fully paid shares on 8th March 2019. The ex-date and the record date for the dividend were 20th February 2019 and 21st February 2019 respectively.

Financial Performance: In 1HFY19 results, the company recorded the highest EBITDA of US$20.1 million for the reporting period. Management fee revenue was up by 45% from 2HFY18 and stood at US$54.8 million. The global asset classes witnessed volatile during December quarter and that impacted AUM from investment performance. Net outflows for the reporting period stood at US$1.4 billion

The market capitalisation of the company is A$530.22 million. The 52-week high and low of the stock are A$6.24 and A$2.71 respectively. The stock traded 2.141% down at A$3.20 after making the day’s low of A$3.2 as of 18th April 2019 (AEST: 1:36 PM). In the last six months, the stock has delivered a negative return of 33.8% while the YTD return stands at negative 21.7%.


Disclaimer

This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.

Top 25 Dividend Stocks report for April

People prefer a dividend stock in their portfolio as it possesses the feature of compounding. Compounding means that the earning which is generated through these dividend stock will get reinvested and will eventually create earnings from earning. More precisely, the dividend generated from these dividend stock will get reinvested to buy another set of a share of the dividend stock which results in giving a higher dividend.

Click here to download your top 25 dividend stocks report!

6 Cannabis Stocks under Investor’s Limelight…

Cannabis companies that sell both medicinal weed and recreational pot. Marijuana stocks to look at. Marijuana mergers and acquisitions. Dispensary data analytics. Upcoming marijuana IPO’s Those phrases have become increasingly common as marijuana legalization spreads.

Global spending on legal cannabis is expected to grow 230% to $32 billion in 2020 as compared to $9.5 in 2017, according to Arcview Market Research and BDS Analytics. As of June 29, 2018 the United States Marijuana Index, despite a lot of uncertainty around regulations, has over the past 1 year gained 71.49%, as compared to about 12% gain seen by the S&P 500.

Click here for your FREE Report

LEAVE A REPLY

Please enter your comment!
Please enter your name here