Harbourvest Partners Has Lifted Lendingclub Corp. (LC) Position by $1.74 Million; Shares Rose; Popular (BPOP) Stock Price Declined While Clover Partners LP Has Trimmed Stake by $1.93 Million

February 16, 2018 - By Dolores Ford

Clover Partners Lp decreased its stake in Popular Inc (BPOP) by 43.51% based on its latest 2017Q3 regulatory filing with the SEC. Clover Partners Lp sold 55,000 shares as the company’s stock declined 15.91% while stock markets rallied. The hedge fund held 71,400 shares of the finance company at the end of 2017Q3, valued at $2.57 million, down from 126,400 at the end of the previous reported quarter. Clover Partners Lp who had been investing in Popular Inc for a number of months, seems to be less bullish one the $4.38B market cap company. The stock decreased 0.15% or $0.06 during the last trading session, reaching $42.96. About 423,446 shares traded. Popular, Inc. (NASDAQ:BPOP) has risen 26.79% since February 16, 2017 and is uptrending. It has outperformed by 10.09% the S&P500.

Harbourvest Partners Llc increased its stake in Lendingclub Corp. (LC) by 15.26% based on its latest 2017Q3 regulatory filing with the SEC. Harbourvest Partners Llc bought 290,000 shares as the company’s stock rose 0.53% with the market. The institutional investor held 2.19 million shares of the consumer services company at the end of 2017Q3, valued at $13.34 million, up from 1.90 million at the end of the previous reported quarter. Harbourvest Partners Llc who had been investing in Lendingclub Corp. for a number of months, seems to be bullish on the $1.63B market cap company. The stock decreased 0.10% or $0.0038 during the last trading session, reaching $3.9362. About 1.16M shares traded. LendingClub Corporation (NYSE:LC) has risen 52.97% since February 16, 2017 and is uptrending. It has outperformed by 36.27% the S&P500.

Clover Partners Lp, which manages about $166.98M and $249.12 million US Long portfolio, upped its stake in 1St Constitution Bancorp (NASDAQ:FCCY) by 83,781 shares to 166,476 shares, valued at $3.02M in 2017Q3, according to the filing. It also increased its holding in Territorial Bancorp Inc (NASDAQ:TBNK) by 152,447 shares in the quarter, for a total of 288,397 shares, and has risen its stake in Banc Of California Inc (NYSE:BANC).

Investors sentiment increased to 1.58 in Q3 2017. Its up 0.83, from 0.75 in 2017Q2. It is positive, as 22 investors sold BPOP shares while 56 reduced holdings. 42 funds opened positions while 81 raised stakes. 89.00 million shares or 5.87% more from 84.07 million shares in 2017Q2 were reported. Zebra Mngmt Lc holds 46,800 shares or 0.55% of its portfolio. Employees Retirement Association Of Colorado owns 0.01% invested in Popular, Inc. (NASDAQ:BPOP) for 19,704 shares. Ameriprise Finance accumulated 240,168 shares. Brandywine Global Inv Mngmt Ltd Com accumulated 1.88 million shares or 0.43% of the stock. Sei Invests stated it has 45,544 shares or 0.01% of all its holdings. Cornerstone Mngmt Holding Ltd Liability invested in 6,200 shares. Polaris Capital Mgmt Ltd Liability Co has 3.39 million shares. Prudential owns 903,755 shares or 0.05% of their US portfolio. Hanson And Doremus Investment invested 0.07% of its portfolio in Popular, Inc. (NASDAQ:BPOP). Thompson Siegel And Walmsley Limited stated it has 0.24% of its portfolio in Popular, Inc. (NASDAQ:BPOP). Dimensional Fund Limited Partnership has invested 0.05% in Popular, Inc. (NASDAQ:BPOP). Investec Asset North America Inc holds 1.62% or 266,677 shares. New York State Common Retirement Fund stated it has 520,981 shares. M&T Savings Bank Corporation invested 0% in Popular, Inc. (NASDAQ:BPOP). Connor Clark Lunn Inv Mgmt Limited has 0.01% invested in Popular, Inc. (NASDAQ:BPOP).

Among 17 analysts covering Popular Inc (NASDAQ:BPOP), 14 have Buy rating, 1 Sell and 2 Hold. Therefore 82% are positive. Popular Inc had 45 analyst reports since July 27, 2015 according to SRatingsIntel. The firm has “Equal-Weight” rating by Morgan Stanley given on Wednesday, December 13. The stock of Popular, Inc. (NASDAQ:BPOP) has “Overweight” rating given on Wednesday, January 24 by Barclays Capital. Compass Point maintained the shares of BPOP in report on Thursday, April 28 with “Buy” rating. The firm has “Buy” rating given on Friday, October 6 by Piper Jaffray. The firm earned “Overweight” rating on Thursday, October 26 by Barclays Capital. On Thursday, September 7 the stock rating was maintained by RBC Capital Markets with “Buy”. The stock has “Hold” rating by Keefe Bruyette & Woods on Thursday, July 6. Piper Jaffray maintained it with “Buy” rating and $50.5 target in Tuesday, January 23 report. Piper Jaffray maintained the shares of BPOP in report on Thursday, February 15 with “Buy” rating. As per Wednesday, November 1, the company rating was maintained by Piper Jaffray.

Among 25 analysts covering LendingClub Corporation (NYSE:LC), 7 have Buy rating, 0 Sell and 18 Hold. Therefore 28% are positive. LendingClub Corporation had 63 analyst reports since July 31, 2015 according to SRatingsIntel. On Monday, December 11 the stock rating was maintained by Maxim Group with “Buy”. Wedbush initiated the shares of LC in report on Tuesday, October 11 with “Underperform” rating. FBR Capital maintained LendingClub Corporation (NYSE:LC) on Friday, February 12 with “Outperform” rating. The rating was upgraded by Keefe Bruyette & Woods to “Hold” on Wednesday, January 10. Raymond James initiated the stock with “Market Perform” rating in Friday, April 15 report. The rating was maintained by Stifel Nicolaus with “Hold” on Tuesday, August 8. The rating was maintained by FBR Capital with “Mkt Perform” on Friday, October 14. Morgan Stanley upgraded the shares of LC in report on Thursday, November 3 to “Overweight” rating. The stock of LendingClub Corporation (NYSE:LC) has “Buy” rating given on Wednesday, November 8 by Canaccord Genuity. Bruyette & Woods” initiated LendingClub Corporation (NYSE:LC) on Wednesday, August 12 with “Mkt Perform” rating.

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