Anand K. Nallathambi Sells 20,000 Shares of CoreLogic Inc. (CLGX) Stock
CoreLogic Inc. (NYSE:CLGX) insider Anand K. Nallathambi sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, September 30th. The stock was sold at an average price of $39.06, for a total transaction of $781,200.00. Following the sale, the insider now directly owns 206,047 shares of the company’s stock, valued at approximately $8,048,195.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
CoreLogic Inc. (NYSE:CLGX) opened at 38.72 on Friday. The company has a market capitalization of $3.42 billion, a PE ratio of 25.87 and a beta of 1.07. The firm has a 50-day moving average of $39.95 and a 200-day moving average of $37.96. CoreLogic Inc. has a 52 week low of $30.73 and a 52 week high of $43.43.
CoreLogic (NYSE:CLGX) last posted its quarterly earnings data on Monday, July 25th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.03. The firm earned $500 million during the quarter, compared to the consensus estimate of $485.55 million. CoreLogic had a net margin of 7.73% and a return on equity of 14.56%. The business’s revenue for the quarter was up 29.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.55 EPS. Equities analysts expect that CoreLogic Inc. will post $2.28 earnings per share for the current fiscal year.
Several analysts have recently weighed in on CLGX shares. Piper Jaffray Cos. reaffirmed a “buy” rating and set a $48.00 price objective on shares of CoreLogic in a report on Tuesday, June 21st. Zacks Investment Research lowered shares of CoreLogic from a “buy” rating to a “hold” rating in a report on Wednesday, June 22nd. Barclays PLC raised their price objective on shares of CoreLogic from $44.00 to $46.00 and gave the stock an “overweight” rating in a report on Thursday, July 7th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $45.00 price objective on shares of CoreLogic in a report on Friday, July 22nd. Finally, Robert W. Baird lowered shares of CoreLogic from an “outperform” rating to a “neutral” rating and raised their price objective for the stock from $40.00 to $41.00 in a report on Wednesday, July 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $43.72.
A number of hedge funds have recently bought and sold shares of the stock. Acrospire Investment Management LLC purchased a new position in shares of CoreLogic during the first quarter valued at approximately $115,000. Huntington National Bank boosted its position in shares of CoreLogic by 59.3% in the second quarter. Huntington National Bank now owns 4,526 shares of the company’s stock valued at $174,000 after buying an additional 1,685 shares during the last quarter. LS Investment Advisors LLC boosted its position in shares of CoreLogic by 74.0% in the second quarter. LS Investment Advisors LLC now owns 5,356 shares of the company’s stock valued at $206,000 after buying an additional 2,278 shares during the last quarter. CrestPoint Capital Management LLC purchased a new position in shares of CoreLogic during the second quarter valued at approximately $208,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of CoreLogic by 174.9% in the second quarter. Tower Research Capital LLC TRC now owns 5,394 shares of the company’s stock valued at $208,000 after buying an additional 3,432 shares during the last quarter. 85.59% of the stock is owned by hedge funds and other institutional investors.
CoreLogic Company Profile
CoreLogic, Inc is a provider of property information, analytics and data-enabled services. The Company provides detailed coverage of property, mortgages and other encumbrances, property risk and replacement cost, consumer credit, tenancy, location, hazard risk and related performance information. It operates through two segments: Property Intelligence and Risk Management and Work Flow.
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