Dynamic Capital Management Ltd Has $963,000 Stake in CoreLogic, Inc. (CLGX)
Dynamic Capital Management Ltd reduced its position in CoreLogic, Inc. (NYSE:CLGX) by 34.6% during the third quarter, Holdings Channel reports. The firm owned 24,543 shares of the company’s stock after selling 12,995 shares during the period. Dynamic Capital Management Ltd’s holdings in CoreLogic were worth $963,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in the company. Capstone Asset Management Co. boosted its stake in CoreLogic by 3.5% in the second quarter. Capstone Asset Management Co. now owns 7,662 shares of the company’s stock worth $295,000 after buying an additional 260 shares during the period. Nordea Investment Management AB purchased a new stake in CoreLogic during the second quarter worth $640,000. LS Investment Advisors LLC boosted its stake in CoreLogic by 74.0% in the second quarter. LS Investment Advisors LLC now owns 5,356 shares of the company’s stock worth $206,000 after buying an additional 2,278 shares during the period. Parametrica Management Ltd bought a new position in shares of CoreLogic during the second quarter worth about $244,000. Finally, Oakbrook Investments LLC raised its position in shares of CoreLogic by 23.8% in the second quarter. Oakbrook Investments LLC now owns 9,100 shares of the company’s stock worth $350,000 after buying an additional 1,750 shares in the last quarter. 86.94% of the stock is currently owned by institutional investors and hedge funds.
Shares of CoreLogic, Inc. (NYSE:CLGX) traded down 0.03% on Friday, hitting $35.84. 453,673 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $37.08 and its 200 day moving average price is $39.06. The company has a market cap of $3.10 billion, a price-to-earnings ratio of 22.86 and a beta of 0.93. CoreLogic, Inc. has a 1-year low of $30.73 and a 1-year high of $43.43.
CoreLogic (NYSE:CLGX) last released its quarterly earnings results on Monday, October 24th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.07. CoreLogic had a return on equity of 15.64% and a net margin of 7.53%. The business earned $524 million during the quarter, compared to analysts’ expectations of $502.40 million. During the same period in the previous year, the business posted $0.54 earnings per share. The firm’s revenue for the quarter was up 35.8% compared to the same quarter last year. On average, equities research analysts expect that CoreLogic, Inc. will post $2.35 earnings per share for the current year.
A number of equities analysts recently issued reports on CLGX shares. Barclays PLC reiterated a “buy” rating on shares of CoreLogic in a research report on Thursday, November 3rd. Zacks Investment Research lowered shares of CoreLogic from a “buy” rating to a “hold” rating in a research report on Tuesday, December 13th. Keefe, Bruyette & Woods decreased their target price on shares of CoreLogic from $44.50 to $43.00 and set a “market perform” rating for the company in a research report on Monday, September 19th. Piper Jaffray Companies lowered shares of CoreLogic from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $49.00 to $40.00 in a research report on Monday, November 14th. Finally, Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $45.00 target price on shares of CoreLogic in a research report on Thursday, October 27th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. CoreLogic has a consensus rating of “Hold” and a consensus price target of $41.95.
In other CoreLogic news, COO Frank Martell purchased 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 15th. The stock was acquired at an average cost of $37.27 per share, with a total value of $149,080.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Anand K. Nallathambi sold 20,000 shares of CoreLogic stock in a transaction dated Friday, December 30th. The shares were sold at an average price of $36.90, for a total value of $738,000.00. Following the completion of the transaction, the insider now directly owns 186,047 shares of the company’s stock, valued at $6,865,134.30. The disclosure for this sale can be found here. 2.50% of the stock is owned by corporate insiders.
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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