Rk Capital Management Has Trimmed By $2.97 Million Its Broadsoft (BSFT) Stake; Pennymac Mortgage Investment Tru (PMT) SI Increased By 26.58%

September 17, 2017 - By Stephen Andrade

Rk Capital Management Llc decreased Broadsoft Inc (BSFT) stake by 29.11% reported in 2016Q4 SEC filing. Rk Capital Management Llc sold 72,400 shares as Broadsoft Inc (BSFT)’s stock declined 14.92%. The Rk Capital Management Llc holds 176,296 shares with $7.27M value, down from 248,696 last quarter. Broadsoft Inc now has $1.60 billion valuation. The stock increased 1.08% or $0.55 on September 15, reaching $51.55. About 501,512 shares traded or 3.60% up from the average. BroadSoft Inc (NASDAQ:BSFT) has declined 7.18% since September 17, 2016 and is downtrending. It has underperformed by 23.88% the S&P500.

Pennymac Mortgage Investment Tru (NYSE:PMT) had an increase of 26.58% in short interest. PMT’s SI was 1.17 million shares in September as released by FINRA. Its up 26.58% from 925,500 shares previously. With 319,400 avg volume, 4 days are for Pennymac Mortgage Investment Tru (NYSE:PMT)’s short sellers to cover PMT’s short positions. The SI to Pennymac Mortgage Investment Tru’s float is 1.82%. The stock increased 0.77% or $0.13 on September 15, reaching $16.96. About 1.86 million shares traded or 287.21% up from the average. PennyMac Mortgage Investment Trust (NYSE:PMT) has risen 18.22% since September 17, 2016 and is uptrending. It has outperformed by 1.52% the S&P500.

PennyMac Mortgage Investment Trust is a specialty finance firm that invests primarily in residential mortgage loans and mortgage-related assets. The company has market cap of $1.13 billion. The Firm conducts all of its operations, and makes all of its investments, through PennyMac Operating Partnership, L.P. and its subsidiaries. It has a 10.6 P/E ratio. It operates through two divisions: correspondent production and investment activities.

Investors sentiment increased to 1.38 in Q4 2016. Its up 0.11, from 1.27 in 2016Q3. It increased, as 18 investors sold PennyMac Mortgage Investment Trust shares while 41 reduced holdings. 28 funds opened positions while 44 raised stakes. 41.24 million shares or 2.00% less from 42.08 million shares in 2016Q3 were reported. Parallax Volatility Advisers L P has 208 shares. Tiaa Cref Invest Mngmt Ltd Liability stated it has 0% in PennyMac Mortgage Investment Trust (NYSE:PMT). Metropolitan Life Ins New York holds 0.01% of its portfolio in PennyMac Mortgage Investment Trust (NYSE:PMT) for 45,792 shares. New York State Common Retirement Fund invested in 69,000 shares. Oppenheimer Co Inc stated it has 20,178 shares or 0.01% of all its holdings. Invesco Ltd has invested 0% in PennyMac Mortgage Investment Trust (NYSE:PMT). Zacks Invest Mngmt holds 0.07% of its portfolio in PennyMac Mortgage Investment Trust (NYSE:PMT) for 151,403 shares. Moreover, Blackrock Advsrs Lc has 0% invested in PennyMac Mortgage Investment Trust (NYSE:PMT). State Board Of Administration Of Florida Retirement Sys owns 48,515 shares or 0% of their US portfolio. Royal Financial Bank Of Canada reported 0% in PennyMac Mortgage Investment Trust (NYSE:PMT). Thornburg Management reported 0.27% stake. Blackrock Invest Mngmt Ltd Llc owns 275,383 shares. Voya Management Lc invested in 0% or 31,262 shares. Alliancebernstein Lp has invested 0.02% in PennyMac Mortgage Investment Trust (NYSE:PMT). Aqr Cap Management Limited Liability Company reported 89,420 shares.

Among 9 analysts covering PennyMac Mortgage Investment Trust (NYSE:PMT), 4 have Buy rating, 0 Sell and 5 Hold. Therefore 44% are positive. PennyMac Mortgage Investment Trust had 15 analyst reports since July 27, 2015 according to SRatingsIntel. Barclays Capital downgraded PennyMac Mortgage Investment Trust (NYSE:PMT) rating on Friday, February 5. Barclays Capital has “Equal-Weight” rating and $13 target. Wells Fargo downgraded the stock to “Market Perform” rating in Thursday, February 4 report. The firm has “Neutral” rating by Compass Point given on Monday, February 6. The stock of PennyMac Mortgage Investment Trust (NYSE:PMT) has “Neutral” rating given on Thursday, October 6 by Wedbush. The stock of PennyMac Mortgage Investment Trust (NYSE:PMT) has “Buy” rating given on Monday, May 29 by Keefe Bruyette & Woods. The stock of PennyMac Mortgage Investment Trust (NYSE:PMT) earned “Neutral” rating by Citigroup on Friday, August 7. The stock of PennyMac Mortgage Investment Trust (NYSE:PMT) earned “Market Outperform” rating by JMP Securities on Wednesday, March 9. Compass Point maintained the stock with “Buy” rating in Thursday, August 6 report. Barclays Capital initiated PennyMac Mortgage Investment Trust (NYSE:PMT) on Thursday, December 10 with “Overweight” rating. The stock of PennyMac Mortgage Investment Trust (NYSE:PMT) earned “Outperform” rating by Wood on Monday, June 13.

Investors sentiment decreased to 0.99 in Q4 2016. Its down 0.01, from 1 in 2016Q3. It worsened, as 28 investors sold BSFT shares while 55 reduced holdings. 15 funds opened positions while 60 raised stakes. 32.64 million shares or 2.32% more from 31.90 million shares in 2016Q3 were reported. Redmond Asset Mngmt Limited Liability Company invested 1.88% in BroadSoft Inc (NASDAQ:BSFT). 1.46M are owned by Franklin Resource. Swiss Bankshares reported 48,200 shares. State Street holds 534,017 shares. United Automobile Association has invested 0.01% in BroadSoft Inc (NASDAQ:BSFT). Alyeska Gru LP accumulated 0.14% or 384,333 shares. The Illinois-based Citadel Advisors Ltd Liability has invested 0.02% in BroadSoft Inc (NASDAQ:BSFT). Grimes Inc reported 10,135 shares. Ny State Common Retirement Fund reported 158,165 shares. Argent Cap Mngmt Llc stated it has 0.14% of its portfolio in BroadSoft Inc (NASDAQ:BSFT). Clearbridge Invs Lc accumulated 0.06% or 1.29M shares. Jpmorgan Chase has 0% invested in BroadSoft Inc (NASDAQ:BSFT). Symphony Asset Management Ltd Com reported 36,487 shares or 0.16% of all its holdings. Legal General Grp Inc Plc invested in 7,183 shares. Cadence Capital Management Limited Company has invested 0.08% of its portfolio in BroadSoft Inc (NASDAQ:BSFT).

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.



Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter:


Twitter Auto Publish Powered By : XYZScripts.com