Moneta Group Investment Advisors Trimmed Its Novo (NVO) Holding by $795,000; Valuation Declined; Raging Capital Management Has Cut Position in Famous Daves Amer (DAVE) by $900,000

May 27, 2018 - By Michael Collier

Famous Dave's of America, Inc. (NASDAQ:DAVE) Logo

Moneta Group Investment Advisors Llc decreased its stake in Novo (NVO) by 21.34% based on its latest 2017Q4 regulatory filing with the SEC. Moneta Group Investment Advisors Llc sold 15,000 shares as the company’s stock declined 9.08% with the market. The institutional investor held 55,300 shares of the major pharmaceuticals company at the end of 2017Q4, valued at $2.97 million, down from 70,300 at the end of the previous reported quarter. Moneta Group Investment Advisors Llc who had been investing in Novo for a number of months, seems to be less bullish one the $115.57B market cap company. The stock decreased 0.77% or $0.37 during the last trading session, reaching $47.73. About 704,460 shares traded. Novo Nordisk A/S (NYSE:NVO) has risen 42.07% since May 27, 2017 and is uptrending. It has outperformed by 30.52% the S&P500.

William C. Martin decreased its stake in Famous Daves Amer Inc (DAVE) by 24.28% based on its latest 2017Q4 regulatory filing with the SEC. Raging Capital Management Llc sold 150,000 shares as the company’s stock rose 7.52% while stock markets declined. The hedge fund run by William C. Martin held 467,715 shares of the consumer services company at the end of 2017Q4, valued at $3.09 million, down from 617,715 at the end of the previous reported quarter. Raging Capital Management Llc who had been investing in Famous Daves Amer Inc for a number of months, seems to be less bullish one the $68.02M market cap company. It closed at $7.5 lastly. It is down 74.39% since May 27, 2017 and is uptrending. It has outperformed by 62.84% the S&P500.

Investors sentiment increased to 2.25 in Q4 2017. Its up 1.58, from 0.67 in 2017Q3. It is positive, as 2 investors sold DAVE shares while 2 reduced holdings. 3 funds opened positions while 6 raised stakes. 4.27 million shares or 0.82% less from 4.30 million shares in 2017Q3 were reported. Perkins Management Incorporated stated it has 1.18% in Famous Dave's of America, Inc. (NASDAQ:DAVE). Bandera Partners Ltd Liability Co has 1.14 million shares for 6.17% of their portfolio. Vanguard Gru Inc holds 0% or 196,524 shares in its portfolio. Dimensional Fund Advisors Ltd Partnership, a Texas-based fund reported 176,014 shares. Bridgeway Cap invested 0% in Famous Dave's of America, Inc. (NASDAQ:DAVE). Amg Tru Retail Bank has invested 0.01% in Famous Dave's of America, Inc. (NASDAQ:DAVE). Tower Limited Liability Co (Trc) accumulated 5,067 shares. Renaissance Technology Lc holds 0% or 290,367 shares. Wexford Limited Partnership owns 1.33 million shares. Cranbrook Wealth Mgmt Limited Liability Company reported 155 shares. California Employees Retirement System reported 24,910 shares. Blackrock holds 0% of its portfolio in Famous Dave's of America, Inc. (NASDAQ:DAVE) for 223,284 shares. Morgan Stanley reported 0% of its portfolio in Famous Dave's of America, Inc. (NASDAQ:DAVE). Deutsche Natl Bank Ag accumulated 38,228 shares or 0% of the stock. Virtu Fin Lc holds 0.01% in Famous Dave's of America, Inc. (NASDAQ:DAVE) or 15,326 shares.

Since May 9, 2018, it had 1 buy, and 0 selling transactions for $156,645 activity.

More notable recent Famous Dave's of America, Inc. (NASDAQ:DAVE) news were published by: Benzinga.com which released: “A Peek Into The Markets: US Stock Futures Down Ahead Of Economic Reports” on May 15, 2018, also Benzinga.com with their article: “10 Stocks To Watch For May 15, 2018” published on May 15, 2018, Benzinga.com published: “10 Stocks Moving In Monday’s After-Hours Session” on May 14, 2018. More interesting news about Famous Dave's of America, Inc. (NASDAQ:DAVE) were released by: Nasdaq.com and their article: “Famous Dave’s First Quarter Fiscal 2018 Earnings Release” published on May 05, 2018 as well as Benzinga.com‘s news article titled: “25 Stocks Moving In Tuesday’s Pre-Market Session” with publication date: May 15, 2018.

Among 3 analysts covering Famous Dave’s (NASDAQ:DAVE), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Famous Dave’s had 4 analyst reports since August 5, 2015 according to SRatingsIntel. On Wednesday, September 9 the stock rating was maintained by Stifel Nicolaus with “Buy”. The rating was upgraded by Craig Hallum to “Buy” on Tuesday, November 14. As per Wednesday, August 5, the company rating was downgraded by Craig Hallum. On Wednesday, November 4 the stock rating was downgraded by Sidoti to “Neutral”.

Raging Capital Management Llc, which manages about $631.31M and $736.94 million US Long portfolio, upped its stake in Cvr Partners Lp (NYSE:UAN) by 157,489 shares to 9.57 million shares, valued at $31.40M in 2017Q4, according to the filing. It also increased its holding in Sinclair Broadcast Group Inc (NASDAQ:SBGI) by 461,700 shares in the quarter, for a total of 1.12 million shares, and has risen its stake in Harmonic Inc (NASDAQ:HLIT).

More recent Novo Nordisk A/S (NYSE:NVO) news were published by: Seekingalpha.com which released: “Novo Nordisk: An Objective Analysis” on May 08, 2018. Also Seekingalpha.com published the news titled: “Is Novo Nordisk Undervalued Once Again?” on April 30, 2018. Globenewswire.com‘s news article titled: “Report: Developing Opportunities within El Pollo Loco, Chemed, Novo Nordisk A/S, FactSet Research, Fair Isaac, and …” with publication date: May 22, 2018 was also an interesting one.

Famous Dave's of America, Inc. (NASDAQ:DAVE) Institutional Positions Chart

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