Logan Capital Management Has Trimmed Its Tripadvisor Com (TRIP) Stake; Ellsworth Growth Income Fund (NYSEMKT:ECF) Shorts Lowered By 24.6%

June 19, 2017 - By Michael Collier

Ellsworth Growth Income Fund (NYSEMKT:ECF) had a decrease of 24.6% in short interest. ECF’s SI was 9,500 shares in June as released by FINRA. Its down 24.6% from 12,600 shares previously. With 29,100 avg volume, 0 days are for Ellsworth Growth Income Fund (NYSEMKT:ECF)’s short sellers to cover ECF’s short positions. About 6,022 shares traded. Ellsworth Growth and Income Fund Ltd (NYSEMKT:ECF) has risen 15.85% since June 19, 2016 and is uptrending. It has underperformed by 0.85% the S&P500.

Logan Capital Management Inc decreased Tripadvisor Inc Com (TRIP) stake by 69.19% reported in 2016Q4 SEC filing. Logan Capital Management Inc sold 60,894 shares as Tripadvisor Inc Com (TRIP)’s stock declined 6.33%. The Logan Capital Management Inc holds 27,110 shares with $1.26 million value, down from 88,004 last quarter. Tripadvisor Inc Com now has $5.10 billion valuation. The stock declined 4.73% or $1.79 reaching $36.12 per share. About 2.64 million shares traded. Tripadvisor Inc (NASDAQ:TRIP) has declined 30.31% since June 19, 2016 and is downtrending. It has underperformed by 47.01% the S&P500.

Investors sentiment decreased to 0.94 in Q4 2016. Its down 0.21, from 1.15 in 2016Q3. It worsened, as 64 investors sold TRIP shares while 112 reduced holdings. 54 funds opened positions while 111 raised stakes. 115.10 million shares or 6.27% less from 122.79 million shares in 2016Q3 were reported. Mason Street Advisors Limited Liability stated it has 15,635 shares or 0.02% of all its holdings. The Connecticut-based Cubist Systematic Strategies Ltd Liability Company has invested 0.01% in Tripadvisor Inc (NASDAQ:TRIP). Aviva Pcl invested 0.02% of its portfolio in Tripadvisor Inc (NASDAQ:TRIP). Tam Capital Management accumulated 21,562 shares. Balyasny Asset Limited Liability reported 0.18% of its portfolio in Tripadvisor Inc (NASDAQ:TRIP). Employees Retirement Association Of Colorado reported 24,962 shares stake. Westpac Banking Corporation has 7,543 shares for 0% of their portfolio. Par Cap Management invested 1.98% in Tripadvisor Inc (NASDAQ:TRIP). Adirondack Tru invested 0% in Tripadvisor Inc (NASDAQ:TRIP). Exxonmobil Investment Mngmt Tx holds 0.03% or 26,455 shares. 10.44M were reported by Vanguard Group. Credit Agricole S A has invested 0.01% in Tripadvisor Inc (NASDAQ:TRIP). Lockheed Martin has 0.09% invested in Tripadvisor Inc (NASDAQ:TRIP). Asset Mgmt One, Japan-based fund reported 200,623 shares. Royal National Bank Of Canada owns 0.01% invested in Tripadvisor Inc (NASDAQ:TRIP) for 329,580 shares.

Logan Capital Management Inc increased Imperial Brands Plc Spon Adr stake by 9,062 shares to 26,322 valued at $1.15M in 2016Q4. It also upped Pepsico Inc (NYSE:PEP) stake by 3,227 shares and now owns 68,348 shares. Verizon Communications Com (NYSE:VZ) was raised too.

Since March 2, 2017, it had 0 insider purchases, and 2 insider sales for $203,819 activity. Seidenberg Barrie had sold 4,338 shares worth $177,042 on Thursday, March 2.

Among 23 analysts covering TripAdvisor LLC (NASDAQ:TRIP), 1 have Buy rating, 5 Sell and 17 Hold. Therefore 4% are positive. TripAdvisor LLC had 41 analyst reports since July 21, 2015 according to SRatingsIntel. Deutsche Bank maintained Tripadvisor Inc (NASDAQ:TRIP) rating on Friday, July 24. Deutsche Bank has “Buy” rating and $93 target. Deutsche Bank maintained the stock with “Buy” rating in Thursday, September 17 report. As per Thursday, January 28, the company rating was downgraded by Raymond James. The stock of Tripadvisor Inc (NASDAQ:TRIP) has “Overweight” rating given on Thursday, December 10 by Piper Jaffray. Piper Jaffray maintained the stock with “Overweight” rating in Thursday, September 17 report. RBC Capital Markets maintained the shares of TRIP in report on Friday, February 12 with “Sector Perform” rating. The firm earned “Outperform” rating on Friday, February 12 by Credit Suisse. As per Tuesday, April 12, the company rating was maintained by JP Morgan. The firm has “Neutral” rating given on Friday, May 6 by UBS. The stock has “Hold” rating by Deutsche Bank on Friday, August 5.

Investors sentiment increased to 1.23 in 2016 Q4. Its up 0.16, from 1.07 in 2016Q3. It is positive, as 6 investors sold Ellsworth Growth and Income Fund Ltd shares while 7 reduced holdings. 4 funds opened positions while 12 raised stakes. 3.40 million shares or 2.90% less from 3.50 million shares in 2016Q3 were reported. The Georgia-based Invesco Ltd has invested 0% in Ellsworth Growth and Income Fund Ltd (NYSEMKT:ECF). 91,445 were accumulated by Landscape Cap Mngmt Ltd Liability Co. Bulldog Invsts Ltd Liability owns 0.16% invested in Ellsworth Growth and Income Fund Ltd (NYSEMKT:ECF) for 77,045 shares. Aviance Prns Ltd Liability Co invested in 0.19% or 65,973 shares. Moreover, Raymond James Fin Ser Advisors Incorporated has 0.02% invested in Ellsworth Growth and Income Fund Ltd (NYSEMKT:ECF) for 238,221 shares. Concert Wealth Management accumulated 85,753 shares. Hightower Advisors Ltd Limited Liability Company invested in 55,272 shares or 0% of the stock. Blue Bell Private Wealth Mgmt Lc reported 1,221 shares or 0.01% of all its holdings. Guggenheim Capital Limited Com holds 263,394 shares. Advsr Asset Mngmt has 0.05% invested in Ellsworth Growth and Income Fund Ltd (NYSEMKT:ECF). Saba Capital Mgmt Limited Partnership reported 81,843 shares. Morgan Stanley, a New York-based fund reported 1.15M shares. Pnc Financial Svcs Grp accumulated 5,000 shares. 13,386 are owned by Royal Bank Of Canada. Ameriprise owns 0% invested in Ellsworth Growth and Income Fund Ltd (NYSEMKT:ECF) for 98,555 shares.

Since January 19, 2017, it had 1 insider buy, and 0 selling transactions for $5,112 activity. Dinsmore James Andrew bought $5,112 worth of stock or 600 shares.

Ellsworth Growth and Income Fund Ltd. operates as a closed-end, diversified management investment company. The company has market cap of $117.05 million. The Fund’s investment objective is to provide income and the potential for capital appreciation, which objectives the Fund considers to be relatively equal over the long term due to the nature of the securities in which it invests. It currently has negative earnings. The Fund invests primarily in convertible and in equity securities, and common stock.

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