ValuEngine Lowers Nordic American Tanker (NYSE:NAT) to Sell

Man Group plc bought a new position in Nordic American Tanker during the second quarter worth $25,000. Chicago Equity Partners LLC bought a …

Nordic American Tanker Ltd logoValuEngine downgraded shares of Nordic American Tanker (NYSE:NAT) from a hold rating to a sell rating in a research report sent to investors on Thursday morning, ValuEngine reports.

Several other equities analysts have also recently issued reports on the company. B. Riley set a $5.00 price objective on Nordic American Tanker and gave the stock a buy rating in a research note on Friday, August 16th. Zacks Investment Research upgraded Nordic American Tanker from a sell rating to a hold rating in a research note on Thursday. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $2.81.

Nordic American Tanker stock opened at $2.05 on Thursday. The stock has a 50 day moving average of $1.89 and a 200-day moving average of $2.09. Nordic American Tanker has a 52 week low of $1.66 and a 52 week high of $3.47. The stock has a market cap of $291.04 million, a P/E ratio of -3.36 and a beta of 0.63. The company has a current ratio of 2.54, a quick ratio of 1.98 and a debt-to-equity ratio of 0.67.

Nordic American Tanker (NYSE:NAT) last announced its quarterly earnings data on Friday, August 16th. The shipping company reported ($0.11) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.01. Nordic American Tanker had a negative return on equity of 6.26% and a negative net margin of 38.10%. The firm had revenue of $30.65 million for the quarter, compared to analysts’ expectations of $33.65 million. As a group, equities analysts predict that Nordic American Tanker will post -0.18 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, August 30th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend is Thursday, August 29th. Nordic American Tanker’s dividend payout ratio (DPR) is presently -6.56%.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Paloma Partners Management Co bought a new position in Nordic American Tanker during the second quarter worth $25,000. Man Group plc bought a new position in Nordic American Tanker during the second quarter worth $25,000. Chicago Equity Partners LLC bought a new position in Nordic American Tanker during the second quarter worth $26,000. GWM Advisors LLC bought a new position in Nordic American Tanker during the second quarter worth $28,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in Nordic American Tanker during the first quarter worth $35,000. Hedge funds and other institutional investors own 24.58% of the company’s stock.

Nordic American Tanker Company Profile

Nordic American Tankers Limited, a tanker company, acquires and charters double-hull tankers in Bermuda and internationally. It operates a fleet of 33 Suezmax crude oil tankers. The company was founded in 1995 and is based in Hamilton, Bermuda.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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Aperio Group LLC Has $718000 Stock Position in US Silica Holdings Inc (NYSE:SLCA)

WINTON GROUP Ltd acquired a new stake in shares of U.S. Silica in the 2nd quarter valued at about $5,383,000. Clearbridge Investments LLC lifted …

U.S. Silica logoAperio Group LLC lowered its holdings in U.S. Silica Holdings Inc (NYSE:SLCA) by 4.5% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 56,112 shares of the mining company’s stock after selling 2,632 shares during the quarter. Aperio Group LLC owned about 0.08% of U.S. Silica worth $718,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. SG Capital Management LLC boosted its position in shares of U.S. Silica by 348.4% in the 2nd quarter. SG Capital Management LLC now owns 1,659,802 shares of the mining company’s stock valued at $21,229,000 after purchasing an additional 1,289,644 shares during the period. Norges Bank acquired a new stake in shares of U.S. Silica in the 4th quarter valued at about $5,896,000. WINTON GROUP Ltd acquired a new stake in shares of U.S. Silica in the 2nd quarter valued at about $5,383,000. Clearbridge Investments LLC lifted its position in U.S. Silica by 14.3% during the 1st quarter. Clearbridge Investments LLC now owns 825,383 shares of the mining company’s stock worth $14,329,000 after acquiring an additional 103,540 shares during the period. Finally, DekaBank Deutsche Girozentrale acquired a new stake in U.S. Silica during the 1st quarter worth approximately $1,469,000. Institutional investors and hedge funds own 98.69% of the company’s stock.

A number of analysts have weighed in on the company. R. F. Lafferty cut U.S. Silica from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $14.00 to $8.00 in a research report on Tuesday, September 10th. Citigroup cut U.S. Silica from a “buy” rating to a “hold” rating and reduced their price target for the company from $14.00 to $8.00 in a report on Tuesday, September 10th. ValuEngine raised U.S. Silica from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 2nd. Finally, Morgan Stanley raised their price target on U.S. Silica from $14.00 to $15.00 and gave the company an “underweight” rating in a report on Friday, July 12th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $19.81.

Shares of NYSE:SLCA opened at $10.89 on Friday. U.S. Silica Holdings Inc has a 52 week low of $8.72 and a 52 week high of $21.11. The company has a market cap of $808.64 million, a P/E ratio of 6.89, a P/E/G ratio of 18.12 and a beta of 2.58. The company has a quick ratio of 1.34, a current ratio of 1.79 and a debt-to-equity ratio of 1.33. The business has a fifty day simple moving average of $11.26 and a 200-day simple moving average of $13.22.

U.S. Silica (NYSE:SLCA) last issued its earnings results on Tuesday, July 30th. The mining company reported $0.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.19. The firm had revenue of $394.85 million for the quarter, compared to analysts’ expectations of $396.72 million. U.S. Silica had a positive return on equity of 6.49% and a negative net margin of 16.92%. The firm’s revenue for the quarter was down 7.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.64 earnings per share. Sell-side analysts expect that U.S. Silica Holdings Inc will post 0.03 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Friday, September 13th will be paid a dividend of $0.063 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend is Thursday, September 12th. U.S. Silica’s dividend payout ratio is presently 15.82%.

U.S. Silica Profile

U.S. Silica Holdings, Inc produces and sells commercial silica in the United States. The company operates through two segments, Oil & Gas Proppants and Industrial & Specialty Products. It offers whole grain commercial silica products to be used as fracturing sand in connection with oil and natural gas recovery, as well as sells its whole grain silica products in various size distributions, grain shapes, and chemical purity levels for manufacturing glass products.

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Institutional Ownership by Quarter for U.S. Silica (NYSE:SLCA)

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BNP Paribas Arbitrage SA Trims Holdings in Hamilton Lane Inc (NASDAQ:HLNE)

Finally, Millennium Management LLC bought a new position in shares of Hamilton Lane during the 4th quarter valued at approximately $455,000.

Hamilton Lane logoBNP Paribas Arbitrage SA cut its stake in shares of Hamilton Lane Inc (NASDAQ:HLNE) by 35.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,447 shares of the company’s stock after selling 1,315 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Hamilton Lane were worth $140,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Hamilton Lane during the 2nd quarter valued at approximately $78,000. Legal & General Group Plc grew its stake in shares of Hamilton Lane by 16.1% during the 4th quarter. Legal & General Group Plc now owns 2,589 shares of the company’s stock valued at $96,000 after acquiring an additional 359 shares during the period. SG Americas Securities LLC bought a new position in shares of Hamilton Lane during the 1st quarter valued at approximately $109,000. Victory Capital Management Inc. bought a new position in shares of Hamilton Lane during the 1st quarter valued at approximately $255,000. Finally, Millennium Management LLC bought a new position in shares of Hamilton Lane during the 4th quarter valued at approximately $455,000. Institutional investors own 47.68% of the company’s stock.

HLNE has been the topic of a number of research analyst reports. Oppenheimer initiated coverage on Hamilton Lane in a report on Tuesday, June 25th. They issued a “market perform” rating on the stock. They noted that the move was a valuation call. Zacks Investment Research cut Hamilton Lane from a “hold” rating to a “sell” rating in a report on Tuesday, August 20th. Wells Fargo & Co boosted their price target on Hamilton Lane from $58.00 to $60.00 and gave the stock a “market perform” rating in a report on Thursday. Keefe, Bruyette & Woods cut Hamilton Lane from a “market perform” rating to an “underperform” rating and boosted their price target for the stock from $49.00 to $53.00 in a report on Thursday, July 11th. They noted that the move was a valuation call. Finally, Morgan Stanley upped their price objective on Hamilton Lane from $56.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, May 31st. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $52.80.

Shares of HLNE opened at $60.49 on Friday. The business’s 50 day simple moving average is $58.67 and its 200-day simple moving average is $52.37. Hamilton Lane Inc has a 1 year low of $31.81 and a 1 year high of $64.64. The stock has a market capitalization of $2.98 billion, a price-to-earnings ratio of 31.67, a price-to-earnings-growth ratio of 1.90 and a beta of 0.99. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.35 and a quick ratio of 2.35.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.45 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.05). Hamilton Lane had a net margin of 14.24% and a return on equity of 61.94%. The company had revenue of $65.00 million for the quarter, compared to analysts’ expectations of $71.21 million. During the same quarter in the previous year, the company posted $0.38 EPS. The business’s quarterly revenue was up 2.6% on a year-over-year basis. On average, sell-side analysts expect that Hamilton Lane Inc will post 2.05 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Monday, September 16th will be issued a dividend of $0.275 per share. The ex-dividend date is Friday, September 13th. This represents a $1.10 annualized dividend and a yield of 1.82%. Hamilton Lane’s payout ratio is presently 57.59%.

Hamilton Lane Company Profile

Hamilton Lane Incorporated is an investment firm specializing in direct and fund of fund investments. It provides following services: separate accounts (customized to each individual client and structured as single client vehicles); specialized strategies (fund-of-funds, secondaries, co-investments, taft-hartley, distribution management); advisory relationships (including due diligence, strategic portfolio planning, monitoring and reporting services); and reporting and analytics solutions.

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Institutional Ownership by Quarter for Hamilton Lane (NASDAQ:HLNE)

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First Trust Advisors LP Sells 5305 Shares of Mercantile Bank Corp. (NASDAQ:MBWM)

WINTON GROUP Ltd purchased a new stake in Mercantile Bank during the second quarter valued at approximately $339,000. Acadian Asset …

Mercantile Bank logoFirst Trust Advisors LP reduced its position in Mercantile Bank Corp. (NASDAQ:MBWM) by 9.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,963 shares of the financial services provider’s stock after selling 5,305 shares during the period. First Trust Advisors LP owned 0.32% of Mercantile Bank worth $1,693,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Bessemer Group Inc. purchased a new stake in Mercantile Bank during the second quarter valued at approximately $733,000. Well Done LLC purchased a new stake in Mercantile Bank during the second quarter valued at approximately $219,000. WINTON GROUP Ltd purchased a new stake in Mercantile Bank during the second quarter valued at approximately $339,000. Acadian Asset Management LLC raised its position in Mercantile Bank by 101.6% during the first quarter. Acadian Asset Management LLC now owns 52,421 shares of the financial services provider’s stock valued at $1,715,000 after purchasing an additional 26,413 shares during the period. Finally, Spark Investment Management LLC purchased a new stake in Mercantile Bank during the first quarter valued at approximately $514,000. Institutional investors own 54.67% of the company’s stock.

A number of brokerages have issued reports on MBWM. ValuEngine upgraded Mercantile Bank from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. BidaskClub upgraded Mercantile Bank from a “strong sell” rating to a “sell” rating in a research report on Thursday. Finally, Zacks Investment Research upgraded Mercantile Bank from a “sell” rating to a “hold” rating in a research report on Thursday.

MBWM opened at $33.52 on Friday. The stock has a market cap of $544.14 million, a price-to-earnings ratio of 13.25, a P/E/G ratio of 1.64 and a beta of 0.82. The stock’s 50 day moving average price is $31.73 and its 200-day moving average price is $32.57. Mercantile Bank Corp. has a one year low of $26.40 and a one year high of $35.82. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.09 and a current ratio of 1.09.

Mercantile Bank (NASDAQ:MBWM) last announced its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.02. Mercantile Bank had a return on equity of 10.95% and a net margin of 25.97%. The company had revenue of $37.45 million for the quarter, compared to analysts’ expectations of $35.51 million. As a group, analysts predict that Mercantile Bank Corp. will post 2.52 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Friday, September 6th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $1.08 annualized dividend and a yield of 3.22%. This is a boost from Mercantile Bank’s previous quarterly dividend of $0.26. Mercantile Bank’s dividend payout ratio is 42.69%.

About Mercantile Bank

Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial and retail banking services for small- to medium-sized businesses and individuals in the United States. It accepts various deposit products, including checking, savings, and term certificate accounts; time deposits; and certificates of deposit.

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Institutional Ownership by Quarter for Mercantile Bank (NASDAQ:MBWM)

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QUALCOMM, Inc. (NASDAQ:QCOM) Stock Holdings Trimmed by Nomura Asset Management Co …

Nomura Asset Management Co. Ltd. lowered its holdings in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 3.3% during the 2nd quarter, according …

QUALCOMM logoNomura Asset Management Co. Ltd. lowered its holdings in shares of QUALCOMM, Inc. (NASDAQ:QCOM) by 3.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 302,376 shares of the wireless technology company’s stock after selling 10,302 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in QUALCOMM were worth $23,001,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in QCOM. Lindbrook Capital LLC increased its position in shares of QUALCOMM by 5.2% during the 2nd quarter. Lindbrook Capital LLC now owns 2,821 shares of the wireless technology company’s stock valued at $214,000 after purchasing an additional 139 shares during the period. Enterprise Financial Services Corp grew its holdings in shares of QUALCOMM by 9.9% in the 2nd quarter. Enterprise Financial Services Corp now owns 1,585 shares of the wireless technology company’s stock worth $121,000 after acquiring an additional 143 shares during the last quarter. Evolution Wealth Advisors LLC grew its holdings in shares of QUALCOMM by 4.6% in the 1st quarter. Evolution Wealth Advisors LLC now owns 3,518 shares of the wireless technology company’s stock worth $201,000 after acquiring an additional 154 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in shares of QUALCOMM by 2.5% in the 2nd quarter. Quadrant Capital Group LLC now owns 6,419 shares of the wireless technology company’s stock worth $474,000 after acquiring an additional 156 shares during the last quarter. Finally, Hedeker Wealth LLC grew its holdings in shares of QUALCOMM by 0.6% in the 2nd quarter. Hedeker Wealth LLC now owns 28,153 shares of the wireless technology company’s stock worth $2,141,000 after acquiring an additional 159 shares during the last quarter. 78.73% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts recently issued reports on the company. TheStreet upgraded QUALCOMM from a “c+” rating to a “b-” rating in a report on Thursday, August 1st. BidaskClub upgraded QUALCOMM from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 7th. Daiwa Capital Markets assumed coverage on QUALCOMM in a report on Thursday, July 18th. They issued a “neutral” rating on the stock. Barclays cut QUALCOMM from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $90.00 to $75.00 in a report on Thursday, July 18th. Finally, Mizuho set a $68.00 target price on QUALCOMM and gave the stock a “hold” rating in a report on Monday, August 26th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $79.68.

In related news, SVP Erin L. Polek sold 1,478 shares of QUALCOMM stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $70.36, for a total transaction of $103,992.08. Following the completion of the sale, the senior vice president now owns 1,386 shares of the company’s stock, valued at $97,518.96. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Mark D. Mclaughlin acquired 2,705 shares of QUALCOMM stock in a transaction that occurred on Wednesday, August 28th. The shares were purchased at an average cost of $73.84 per share, with a total value of $199,737.20. Following the transaction, the director now owns 5,220 shares of the company’s stock, valued at approximately $385,444.80. The disclosure for this purchase can be found here. Insiders own 0.11% of the company’s stock.

Shares of QCOM stock traded down $0.67 on Friday, reaching $78.41. 4,211,312 shares of the company’s stock traded hands, compared to its average volume of 8,359,853. QUALCOMM, Inc. has a 12-month low of $49.10 and a 12-month high of $90.34. The company has a debt-to-equity ratio of 2.46, a quick ratio of 1.61 and a current ratio of 1.77. The company has a market capitalization of $97.13 billion, a P/E ratio of 24.58, a price-to-earnings-growth ratio of 2.21 and a beta of 1.59. The business’s 50 day moving average price is $74.48 and its two-hundred day moving average price is $70.61.

QUALCOMM (NASDAQ:QCOM) last issued its quarterly earnings results on Wednesday, July 31st. The wireless technology company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. QUALCOMM had a return on equity of 112.21% and a net margin of 13.41%. The business had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $5.12 billion. During the same quarter in the previous year, the company posted $1.01 earnings per share. QUALCOMM’s revenue for the quarter was down 12.7% compared to the same quarter last year. Research analysts predict that QUALCOMM, Inc. will post 2.84 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th will be issued a dividend of $0.62 per share. The ex-dividend date of this dividend is Wednesday, September 11th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.16%. QUALCOMM’s dividend payout ratio is 77.74%.

About QUALCOMM

QUALCOMM Incorporated designs, develops, manufactures, and markets digital communication products worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on code division multiple access (CDMA), orthogonal frequency division multiple access, and other technologies for use in wireless voice and data communications, networking, application processing, multimedia, and global positioning system products.

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Institutional Ownership by Quarter for QUALCOMM (NASDAQ:QCOM)

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