Corelogic Inc (NYSE:CLGX) Short Interest Update

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Corelogic Inc (NYSE:CLGX) was the target of a large increase in short interest in May. As of May 31st, there was short interest totalling 1,603,100 shares, an increase of 41.3% from the April 30th total of 1,134,900 shares. Based on an average daily volume of 532,600 shares, the days-to-cover ratio is currently 3.0 days. Currently, 2.0% of the company’s stock are sold short.

Several equities research analysts recently weighed in on CLGX shares. Zacks Investment Research lowered shares of Corelogic from a “hold” rating to a “sell” rating in a research note on Wednesday, February 20th. ValuEngine upgraded shares of Corelogic from a “sell” rating to a “hold” rating in a research note on Saturday, April 13th. Robert W. Baird increased their price objective on shares of Corelogic from $36.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, February 28th. Finally, SunTrust Banks increased their price objective on shares of Corelogic to $42.00 and gave the stock a “hold” rating in a research note on Friday, April 26th. They noted that the move was a valuation call. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $46.30.

In related news, Director Douglas C. Curling sold 15,000 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $41.00, for a total transaction of $615,000.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Paul F. Folino sold 3,750 shares of the stock in a transaction dated 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 90 days, insiders sold 25,840 shares of company stock worth $1,062,405. Company insiders own 1.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Weaver Consulting Group purchased a new stake in shares of Corelogic in the 1st quarter valued at approximately $65,000. First Trust Advisors LP increased its stake in shares of Corelogic by 56.8% during the 1st quarter. First Trust Advisors LP now owns 171,101 shares of the business services provider’s stock worth $6,375,000 after purchasing an additional 62,013 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of Corelogic by 4.4% during the 1st quarter. Nordea Investment Management AB now owns 186,800 shares of the business services provider’s stock worth $6,961,000 after purchasing an additional 7,800 shares during the last quarter. Fort L.P. increased its stake in shares of Corelogic by 31.0% during the 1st quarter. Fort L.P. now owns 48,563 shares of the business services provider’s stock worth $1,809,000 after purchasing an additional 11,489 shares during the last quarter. Finally, Lazard Asset Management LLC increased its stake in shares of Corelogic by 17.3% during the 1st quarter. Lazard Asset Management LLC now owns 933,485 shares of the business services provider’s stock worth $34,781,000 after purchasing an additional 137,449 shares during the last quarter. Hedge funds and other institutional investors own 90.31% of the company’s stock.

NYSE CLGX traded down $0.16 on Wednesday, hitting $42.76. The stock had a trading volume of 504,224 shares, compared to its average volume of 506,099. Corelogic has a one year low of $31.87 and a one year high of $55.56. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 1.71. The stock has a market cap of $3.43 billion, a price-to-earnings ratio of 18.12, a price-to-earnings-growth ratio of 1.81 and a beta of 0.83.

Corelogic (NYSE:CLGX) last posted its earnings results on Wednesday, April 24th. The business services provider reported $0.33 EPS for the quarter, topping the consensus estimate of $0.29 by $0.04. Corelogic had a net margin of 5.41% and a return on equity of 18.13%. The firm had revenue of $417.71 million during the quarter, compared to analysts’ expectations of $404.20 million. During the same quarter in the prior year, the firm earned $0.52 EPS. Corelogic’s quarterly revenue was down 6.1% on a year-over-year basis. As a group, equities research analysts expect that Corelogic will post 2.14 earnings per share for the current fiscal year.

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Corelogic Company Profile

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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