Shares of New Residential Investment Corp (NYSE:NRZ) ended Friday session in red amid volatile trading. The shares closed down -0.01 points or -0.07% at $14.36 with 250.49 million shares getting traded. Post opening the session at $14.33, the shares hit an intraday low of $14.25 and an intraday high of $14.41 and the price vacillated in this range throughout the day. The company has a market cap of $3.58 billion and the numbers of outstanding shares have been calculated to be 250.49 million shares.
On August 9, 2016 New Residential Investment Corp. (NRZ) and Walter Investment Management Corp. (WAC) announced an agreement (the “Purchase Agreement”) for the purchase and sale of approximately $35 billion UPB of seasoned conventional mortgage servicing rights (“MSRs”) for a purchase price of approximately $231 million.
In addition, New Residential, Walter and Walter Capital Opportunity, LP have agreed in principle for the purchase and sale of substantially all of the assets of Walter Capital Opportunity, LP and its subsidiaries (“WCO”), along with certain related assets owned by Walter, which, collectively, represent approximately $37 billion UPB of MSRs for a purchase price of approximately $283 million.
Shares of The GEO Group Inc (NYSE:GEO) ended Friday session in red amid volatile trading. The shares closed down +1.12 points or 5.10% at $23.17 with 74.99 million shares getting traded. Post opening the session at $21.95, the shares hit an intraday low of $21.95 and an intraday high of $24.89 and the price vacillated in this range throughout the day. The company has a market cap of $1.74 billion and the numbers of outstanding shares have been calculated to be 74.99 million shares.
The GEO Group Inc (GEO) provides government-outsourced services specializing in the management of correctional, detention, and re-entry facilities, and the provision of community based services and youth services in the United States, Australia, South Africa, the United Kingdom, and Canada. It operates through four segments: U.S. Corrections & Detention, GEO Community Services, International Services, and Facility Construction & Design. The company owns, leases, and operates a range of correctional and detention facilities, including maximum, medium, and minimum security prisons; immigration detention centers; minimum security detention centers; and community based re-entry facilities.