Dean Capital Investments Management LLC cut its stake in shares of Corelogic Inc (NYSE:CLGX) by 25.0% in the third quarter, Holdings Channel reports. The fund owned 8,782 shares of the business services provider’s stock after selling 2,927 shares during the period. Dean Capital Investments Management LLC’s holdings in Corelogic were worth $434,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. First Quadrant L P CA increased its position in shares of Corelogic by 31.9% during the third quarter. First Quadrant L P CA now owns 213,925 shares of the business services provider’s stock valued at $10,570,000 after acquiring an additional 51,799 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Corelogic by 1.5% in the first quarter. Principal Financial Group Inc. now owns 361,506 shares of the business services provider’s stock valued at $16,350,000 after purchasing an additional 5,393 shares in the last quarter. Putnam Investments LLC grew its holdings in shares of Corelogic by 5.1% in the second quarter. Putnam Investments LLC now owns 88,500 shares of the business services provider’s stock valued at $4,593,000 after purchasing an additional 4,275 shares in the last quarter. Trexquant Investment LP acquired a new position in shares of Corelogic in the second quarter valued at approximately $484,000. Finally, Mutual of America Capital Management LLC grew its holdings in shares of Corelogic by 4.9% in the second quarter. Mutual of America Capital Management LLC now owns 70,158 shares of the business services provider’s stock valued at $3,641,000 after purchasing an additional 3,293 shares in the last quarter. Institutional investors and hedge funds own 92.27% of the company’s stock.
In related news, CEO Frank Martell sold 10,000 shares of Corelogic stock in a transaction that occurred on Thursday, November 15th. The shares were sold at an average price of $40.04, for a total value of $400,400.00. Following the completion of the transaction, the chief executive officer now owns 272,343 shares in the company, valued at $10,904,613.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mary Lee Widener sold 700 shares of Corelogic stock in a transaction that occurred on Thursday, September 6th. The stock was sold at an average price of $50.50, for a total transaction of $35,350.00. Following the completion of the transaction, the director now owns 8,233 shares of the company’s stock, valued at approximately $415,766.50. The disclosure for this sale can be found here. Insiders sold 36,123 shares of company stock valued at $1,617,903 in the last quarter. 1.20% of the stock is owned by insiders.
Corelogic (NYSE:CLGX) last issued its quarterly earnings results on Wednesday, October 24th. The business services provider reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.05). Corelogic had a return on equity of 19.41% and a net margin of 9.46%. The firm had revenue of $451.77 million during the quarter, compared to analysts’ expectations of $476.84 million. During the same quarter in the prior year, the firm earned $0.72 EPS. The firm’s revenue was down 6.5% compared to the same quarter last year. As a group, research analysts predict that Corelogic Inc will post 2.36 EPS for the current year.
A number of research analysts recently weighed in on CLGX shares. Deutsche Bank set a $45.00 price objective on shares of Corelogic and gave the company a “hold” rating in a report on Thursday, October 25th. Zacks Investment Research cut shares of Corelogic from a “buy” rating to a “hold” rating in a report on Tuesday, July 31st. Compass Point dropped their price objective on shares of Corelogic from $46.00 to $43.00 and set a “neutral” rating for the company in a report on Friday, October 26th. Piper Jaffray Companies dropped their price objective on shares of Corelogic from $56.00 to $51.00 and set a “neutral” rating for the company in a report on Friday, July 27th. Finally, Oppenheimer dropped their price objective on shares of Corelogic from $53.00 to $46.00 and set an “outperform” rating for the company in a report on Friday, October 26th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $49.60.
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CoreLogic, Inc, together with its subsidiaries, provides property information, insight, analytics, and data-enabled solutions in North America, Western Europe, and the Asia Pacific. The company operates in two segments, Property Intelligence & Risk Management Solutions (PIRM) and Underwriting & Workflow Solutions (UWS).
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