Leisure Capital Management Increases Holdings in Corelogic Inc (CLGX)

Leisure Capital Management raised its stake in Corelogic Inc (NYSE:CLGX) by 5.2% during the first quarter, HoldingsChannel reports. The institutional investor owned 13,011 shares of the business services provider’s stock after acquiring an additional 644 shares during the period. Leisure Capital Management’s holdings in Corelogic were worth $485,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Arizona State Retirement System lifted its stake in Corelogic by 0.6% in the fourth quarter. Arizona State Retirement System now owns 57,822 shares of the business services provider’s stock valued at $1,932,000 after buying an additional 344 shares in the last quarter. Mason Street Advisors LLC lifted its stake in Corelogic by 0.9% in the first quarter. Mason Street Advisors LLC now owns 42,591 shares of the business services provider’s stock valued at $1,587,000 after buying an additional 393 shares in the last quarter. Huntington National Bank lifted its stake in Corelogic by 12.7% in the fourth quarter. Huntington National Bank now owns 3,814 shares of the business services provider’s stock valued at $127,000 after buying an additional 430 shares in the last quarter. Comerica Bank lifted its stake in Corelogic by 1.2% in the fourth quarter. Comerica Bank now owns 52,553 shares of the business services provider’s stock valued at $1,882,000 after buying an additional 622 shares in the last quarter. Finally, First American Trust FSB lifted its stake in Corelogic by 0.8% in the first quarter. First American Trust FSB now owns 98,141 shares of the business services provider’s stock valued at $3,657,000 after buying an additional 754 shares in the last quarter. 90.22% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CLGX stock opened at $40.51 on Monday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a market capitalization of $3.27 billion, a PE ratio of 17.17, a price-to-earnings-growth ratio of 1.72 and a beta of 0.85. Corelogic Inc has a 12 month low of $31.87 and a 12 month high of $55.79.

Corelogic (NYSE:CLGX) last announced its quarterly earnings data on Wednesday, April 24th. The business services provider reported $0.33 EPS for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.04. The business had revenue of $417.71 million for the quarter, compared to analyst estimates of $404.20 million. Corelogic had a net margin of 5.41% and a return on equity of 18.13%. The firm’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.52 earnings per share. Analysts anticipate that Corelogic Inc will post 2.14 earnings per share for the current fiscal year.

In other Corelogic news, Director David F. Walker sold 2,000 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $40.50, for a total transaction of $81,000.00. Following the sale, the director now directly owns 45,219 shares of the company’s stock, valued at $1,831,369.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul F. Folino sold 3,750 shares of the company’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $40.65, for a total transaction of $152,437.50. The disclosure for this sale can be found here. In the last three months, insiders sold 30,750 shares of company stock worth $1,248,538. 1.10% of the stock is currently owned by insiders.

A number of brokerages have recently commented on CLGX. Zacks Investment Research raised shares of Corelogic from a “sell” rating to a “hold” rating in a research report on Wednesday, January 23rd. Stephens lowered shares of Corelogic from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $51.00 to $40.00 in a research report on Tuesday, January 29th. Robert W. Baird boosted their price objective on shares of Corelogic from $36.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, February 28th. ValuEngine raised shares of Corelogic from a “sell” rating to a “hold” rating in a research report on Saturday, April 13th. Finally, SunTrust Banks boosted their price objective on shares of Corelogic to $42.00 and gave the stock a “hold” rating in a research report on Friday, April 26th. They noted that the move was a valuation call. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $46.30.

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About Corelogic

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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Institutional Ownership by Quarter for Corelogic (NYSE:CLGX)

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