Corelogic Inc (CLGX) Director Sells $157,920.00 in Stock
Corelogic Inc (NYSE:CLGX) Director J David Chatham sold 3,760 shares of Corelogic stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $42.00, for a total transaction of $157,920.00. Following the completion of the sale, the director now owns 4,770 shares in the company, valued at approximately $200,340. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Corelogic Inc (NYSE:CLGX) traded down 0.02% during trading on Tuesday, hitting $42.47. 299,586 shares of the stock traded hands. The company’s 50 day moving average price is $41.73 and its 200-day moving average price is $38.91. Corelogic Inc has a 52-week low of $34.59 and a 52-week high of $43.44. The stock has a market cap of $3.59 billion, a P/E ratio of 39.84 and a beta of 0.89.
Corelogic (NYSE:CLGX) last issued its quarterly earnings data on Tuesday, April 25th. The business services provider reported $0.23 EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by $0.07. The business had revenue of $439.85 million during the quarter, compared to analyst estimates of $440.39 million. Corelogic had a net margin of 7.53% and a return on equity of 15.64%. Corelogic’s revenue was down 3.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.48 earnings per share. Equities research analysts forecast that Corelogic Inc will post $2.28 earnings per share for the current fiscal year.
TRADEMARK VIOLATION NOTICE: This news story was first reported by American Banking News and is the property of of American Banking News. If you are accessing this news story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright laws. The legal version of this news story can be read at https://www.americanbankingnews.com/2017/05/23/corelogic-inc-clgx-director-sells-157920-00-in-stock.html.
Several analysts have recently issued reports on CLGX shares. Zacks Investment Research upgraded shares of Corelogic from a “sell” rating to a “hold” rating in a research report on Tuesday, March 28th. SunTrust Banks, Inc. upgraded shares of Corelogic from a “hold” rating to a “buy” rating and lifted their target price for the company from $38.00 to $46.00 in a research report on Friday, February 24th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $43.56.
A number of large investors have recently modified their holdings of the stock. Quantbot Technologies LP boosted its stake in shares of Corelogic by 68.5% in the third quarter. Quantbot Technologies LP now owns 20,899 shares of the business services provider’s stock worth $819,000 after buying an additional 8,493 shares during the last quarter. Emerald Acquisition Ltd. boosted its stake in shares of Corelogic by 649.0% in the third quarter. Emerald Acquisition Ltd. now owns 95,741 shares of the business services provider’s stock worth $3,755,000 after buying an additional 82,958 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Corelogic by 1.3% in the third quarter. Northern Trust Corp now owns 873,536 shares of the business services provider’s stock worth $34,260,000 after buying an additional 11,562 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of Corelogic by 9.2% in the third quarter. Pacer Advisors Inc. now owns 8,347 shares of the business services provider’s stock worth $327,000 after buying an additional 703 shares during the last quarter. Finally, BOKF NA boosted its stake in shares of Corelogic by 26.8% in the third quarter. BOKF NA now owns 11,265 shares of the business services provider’s stock worth $441,000 after buying an additional 2,382 shares during the last quarter. 86.81% of the stock is currently owned by hedge funds and other institutional investors.
CoreLogic, Inc is a provider of property information, analytics and data-enabled services. The Company provides detailed coverage of property, mortgages and other encumbrances, property risk and replacement cost, consumer credit, tenancy, location, hazard risk and related performance information. Its segments include Property Intelligence (PI), Risk Management and Work Flow (RMW), and Corporate.
Receive News & Ratings for Corelogic Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Corelogic Inc and related companies with MarketBeat.com's FREE daily email newsletter.