Diamond Hill Capital Management Inc Sells A Little More Popular, Inc. (BPOP) Stock – HugoPress


Popular, Inc. (NASDAQ:BPOP).

Diamond Hill Capital Management Inc says it lowered its ownership in Popular, Inc. stock by 66,856 shares in the quarter ending 09/30/2017. Its stake stood at $148,440,000 a decrease of 15.2% as of the end of the quarter.

Here are some institutional investors who have increased or decreased their stake in (BPOP). Meeder Asset Management Inc bolstered its stake by buying 3,126 shares an increase of 587.6% from 06/30/2017 to 09/30/2017. Meeder Asset Management Inc controls 3,658 shares with a value of $131,000. The value of the position overall is up by 495.5%. Shell Asset Management CO reduced its position by selling 600 shares a decrease of 2.3% as of 09/30/2017. Shell Asset Management CO claims 25,774 shares valued at $926,000. The total value of its holdings decreased 15.8%.

As of the end of the quarter Denali Advisors LLC had acquired 20,500 shares growing its position 72.7%. The value of the investment in Popular, Inc. increased from $1,176,000 to $1,750,000 a change of 48.8% quarter to quarter.

October 11 investment analysts at Barclays held the stock rating at “Equal-Weight” and lowered the price expectation to $40.00 from $43.00.

In the market the company is trading down by 0.03%% since yesterday’s close of 32.49. Popular, Inc. recently declared a dividend for shareholders paid on Monday the 2nd of October 2017. The dividend payment was $0.250 per share for the quarter or $1.00 on an annualized basis. This dividend represents a yield of $3.08 which is the dividend as a percentage of the current share price. The ex-dividend date was set for Wednesday the 13th of September 2017.

Company shares last traded at $32.48 much lower than the 50 day moving average which is $36.85 and significantly below the 200 day moving average of $39.39. The 50 day moving average went down $-4.37 or -11.86% and the 200 day average moved down $-6.91.

The P/E ratio is currently 14.67 and market cap is 3.31B. As of the latest earnings report the EPS was $2.21 and is projected to be $3.76 for the current year with 102,010,000 shares now outstanding. Next quarter’s EPS is estimated at $1.00 with next year’s EPS projected to be $4.19.

Short traders are feeling a little more bearish lately considering the uptick in short interest. The company realized a rise in short interest of 105.66% as of the latest report on September 29, 2017. Short shares grew from 1,389,308 to 2,857,225 over that timeframe. The short-interest ratio increased to 2.0 and the percentage of shorted shares is 0.03% as of September 29.

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