Metropolitan Life Insurance Co NY Sells 189 Shares of Ellie Mae Inc (NYSE:ELLI)

Metropolitan Life Insurance Co NY reduced its holdings in shares of Ellie Mae Inc (NYSE:ELLI) by 1.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,762 shares of the software maker’s stock after selling 189 shares during the quarter. Metropolitan Life Insurance Co NY’s holdings in Ellie Mae were worth $1,062,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Cerebellum GP LLC acquired a new stake in shares of Ellie Mae during the first quarter worth about $326,000. Marshall Wace LLP purchased a new position in Ellie Mae in the first quarter valued at about $2,045,000. CNH Partners LLC purchased a new position in Ellie Mae in the first quarter valued at about $46,470,000. Vivaldi Asset Management LLC purchased a new position in Ellie Mae in the first quarter valued at about $29,024,000. Finally, Tortoise Index Solutions LLC purchased a new position in Ellie Mae in the first quarter valued at about $50,000.

Separately, Zacks Investment Research raised shares of GRIFOLS S A/S from a “sell” rating to a “hold” rating in a research note on Friday, April 12th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $86.43.

Shares of NYSE:ELLI remained flat at $$98.99 during midday trading on Thursday. Ellie Mae Inc has a 1-year low of $58.49 and a 1-year high of $116.90. The firm has a market capitalization of $3.44 billion, a price-to-earnings ratio of 96.11, a PEG ratio of 7.05 and a beta of 1.40. The firm’s 50 day simple moving average is $98.99.

Ellie Mae Profile

Ellie Mae, Inc provides cloud-based platform for the mortgage finance industry in the United States. It provides Encompass, an enterprise solution that engages in running the business of originating mortgages, including marketing and lead management; loan origination and processing; underwriting; preparation of mortgage applications, disclosure agreements, and closing documents; loan funding and closing; compliance with regulatory and investor requirements; and enterprise management.

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Institutional Ownership by Quarter for Ellie Mae (NYSE:ELLI)

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