Corelogic Inc (NYSE:CLGX) Short Interest Update

Corelogic Inc (NYSE:CLGX) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totalling 2,567,200 shares, a growth of 55.4% from the June 30th total of 1,652,500 shares. Based on an average daily volume of 528,200 shares, the days-to-cover ratio is currently 4.9 days. Currently, 3.3% of the shares of the company are sold short.

CLGX has been the topic of several recent research reports. Zacks Investment Research upgraded Corelogic from a “hold” rating to a “strong-buy” rating and set a $53.00 price target on the stock in a report on Tuesday, July 30th. ValuEngine raised Corelogic from a “hold” rating to a “buy” rating in a research report on Friday, August 23rd. Compass Point set a $44.00 price target on Corelogic and gave the stock a “hold” rating in a research report on Friday, July 26th. Robert W. Baird set a $45.00 price target on Corelogic and gave the stock a “hold” rating in a research report on Friday, July 26th. Finally, Barclays began coverage on Corelogic in a research report on Wednesday, August 21st. They issued an “overweight” rating and a $54.00 target price on the stock. Five investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $45.56.

In other news, CEO Frank Martell sold 7,500 shares of the firm’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $43.03, for a total value of $322,725.00. Following the completion of the sale, the chief executive officer now directly owns 324,436 shares in the company, valued at $13,960,481.08. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Paul F. Folino sold 1,100 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $45.84, for a total value of $50,424.00. Following the completion of the sale, the director now owns 9,902 shares of the company’s stock, valued at $453,907.68. The disclosure for this sale can be found here. Insiders sold 22,740 shares of company stock valued at $1,012,906 over the last three months. 1.10% of the stock is owned by company insiders.

Several institutional investors have recently modified their holdings of the company. Penserra Capital Management LLC bought a new stake in Corelogic during the first quarter valued at $25,000. Advisor Group Inc. lifted its stake in shares of Corelogic by 65.8% in the 2nd quarter. Advisor Group Inc. now owns 1,356 shares of the business services provider’s stock worth $57,000 after acquiring an additional 538 shares during the period. AlphaOne Investment Services LLC lifted its stake in shares of Corelogic by 18.5% in the 1st quarter. AlphaOne Investment Services LLC now owns 1,690 shares of the business services provider’s stock worth $63,000 after acquiring an additional 264 shares during the period. Weaver Consulting Group acquired a new stake in shares of Corelogic in the 1st quarter worth $65,000. Finally, Group One Trading L.P. lifted its stake in shares of Corelogic by 49.0% in the 1st quarter. Group One Trading L.P. now owns 2,578 shares of the business services provider’s stock worth $96,000 after acquiring an additional 848 shares during the period. 93.12% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:CLGX traded up $0.07 during trading on Wednesday, reaching $48.11. 703,900 shares of the company traded hands, compared to its average volume of 517,821. Corelogic has a 52 week low of $31.87 and a 52 week high of $51.28. The company’s 50 day moving average is $46.43 and its two-hundred day moving average is $41.75. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.75. The firm has a market capitalization of $3.88 billion, a PE ratio of 20.39, a PEG ratio of 1.91 and a beta of 0.78.

Corelogic (NYSE:CLGX) last announced its earnings results on Wednesday, July 24th. The business services provider reported $0.75 EPS for the quarter, beating the consensus estimate of $0.66 by $0.09. The company had revenue of $459.54 million for the quarter, compared to analyst estimates of $444.22 million. Corelogic had a return on equity of 17.14% and a net margin of 1.80%. The firm’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.00 EPS. As a group, research analysts anticipate that Corelogic will post 2.3 EPS for the current year.

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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