Clover Partners L.P. reduced its holdings in shares of Coastway Bancorp Inc (NASDAQ:CWAY) by 14.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 370,100 shares of the bank’s stock after selling 60,000 shares during the quarter. Coastway Bancorp accounts for 7.5% of Clover Partners L.P.’s portfolio, making the stock its 4th biggest holding. Clover Partners L.P. owned about 8.43% of Coastway Bancorp worth $7,846,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Coastway Bancorp by 5.1% during the second quarter. Vanguard Group Inc. now owns 84,726 shares of the bank’s stock valued at $1,745,000 after purchasing an additional 4,141 shares in the last quarter. FNY Partners Fund LP purchased a new stake in Coastway Bancorp during the fourth quarter valued at $137,000. Alliancebernstein L.P. increased its position in Coastway Bancorp by 8.9% during the fourth quarter. Alliancebernstein L.P. now owns 98,715 shares of the bank’s stock valued at $2,093,000 after acquiring an additional 8,032 shares during the last quarter. Salzhauer Michael purchased a new stake in Coastway Bancorp during the fourth quarter valued at $212,000. Finally, Dimensional Fund Advisors LP purchased a new stake in Coastway Bancorp during the third quarter valued at $315,000. 36.03% of the stock is currently owned by hedge funds and other institutional investors.
Separately, ValuEngine cut Coastway Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, December 1st.
Coastway Bancorp Company Profile
Coastway Bancorp, Inc is a bank holding company for Coastway Community Bank (the Bank), which is a chartered stock savings bank. The Company’s subsidiary, the Bank, provides a range of financial services to individuals, families and businesses throughout Rhode Island from over nine banking offices. The Bank’s principal business consists of retail deposits from the general public in its market area and investing those deposits, together with funds generated from operations and borrowings, in one- to four-family residential real estate loans, other loans, home equity loans and lines of credit, commercial real estate loans, the United States small business administration (SBA) loans, commercial business loans, commercial construction loans and consumer loans.
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