Old Rep Intl (ORI) Share Value Rose While Vanguard Group Has Upped Position by $59.98 Million; Stamps Com (STMP) Shareholder Tekne Capital Management Has Trimmed Its Position

September 24, 2018 - By Jimmy Cauthen

Stamps.com Inc. (NASDAQ:STMP) Logo

Vanguard Group Inc increased its stake in Old Rep Intl Corp (ORI) by 14.24% based on its latest 2018Q2 regulatory filing with the SEC. Vanguard Group Inc bought 3.16M shares as the company’s stock rose 5.34% with the market. The institutional investor held 25.32 million shares of the property-casualty insurers company at the end of 2018Q2, valued at $504.15M, up from 22.16M at the end of the previous reported quarter. Vanguard Group Inc who had been investing in Old Rep Intl Corp for a number of months, seems to be bullish on the $6.83B market cap company. The stock decreased 1.61% or $0.37 during the last trading session, reaching $22.58. About 1.96 million shares traded or 33.43% up from the average. Old Republic International Corporation (NYSE:ORI) has risen 20.46% since September 24, 2017 and is uptrending. It has outperformed by 4.84% the S&P500. Some Historical ORI News: 30/04/2018 – Five Oaks Investment Corp. Commences Transition in Strategy with Acquisition of a Commercial Real Estate Loan Portfolio and Ori; 08/05/2018 – Old Republic Home Protection Announces New Sales & Marketing Leadership Positions; 16/04/2018 – Hamlin Capital Buys New 1.1% Position in Old Republic; 26/04/2018 – OLD REPUBLIC INTERNATIONAL CORP – QTRLY TOTAL OPERATING REV $1,466.8 MLN VS $1,429.9 MLN; 30/05/2018 – OLD REPUBLIC NAMES DAHLAGER AS OLD REPUBLIC RESIDUAL PRESIDENT; 14/03/2018 – OLD REPUBLIC INTL CORP FILES MIXED SECURITIES SHELF; 16/05/2018 – Ori Announces Availability for Commercial Developers in Greater Boston, New York Metropolitan Area, and Washington, D.C. Metropolitan Area; 14/05/2018 – Old Republic Declares Regular Second Quarter Cash Dividend Of 19.5 Cents Per Share; 07/05/2018 – Frutarom President and CEO Ori Yehudai Will Serve as Strategic Adviser Supporting Andreas Fibig, Chairman and CEO of IFF, After Transaction’s Close; 15/05/2018 – OLD REPUBLIC INTERNATIONAL – CRAIG SMIDDY, CURRENTLY PRESIDENT & COO OF ORI’S OLD REPUBLIC GENERAL INSURANCE GROUP, HAS BEEN APPOINTED PRESIDENT AND COO OF CO

Tekne Capital Management Llc decreased its stake in Stamps Com Inc (STMP) by 11.65% based on its latest 2018Q2 regulatory filing with the SEC. Tekne Capital Management Llc sold 16,450 shares as the company’s stock declined 12.91% while stock markets rallied. The hedge fund held 124,771 shares of the business services company at the end of 2018Q2, valued at $31.57 million, down from 141,221 at the end of the previous reported quarter. Tekne Capital Management Llc who had been investing in Stamps Com Inc for a number of months, seems to be less bullish one the $4.13B market cap company. The stock increased 0.55% or $1.25 during the last trading session, reaching $227.2. About 211,220 shares traded. Stamps.com Inc. (NASDAQ:STMP) has risen 20.89% since September 24, 2017 and is uptrending. It has outperformed by 5.27% the S&P500. Some Historical STMP News: 28/03/2018 – Stamps.com Closes Above 50-Day Moving Average: Technicals; 03/05/2018 – Stamps.com: Expect 2018 Effective Tax Rate to Be 22%, Compares to Previous Guidance of 28%; 11/05/2018 – ShippingEasy Named 2018 Top Small Business for Customer Service; 22/05/2018 – ShippingEasy Integrates with Reverb.com, the World’s Most Popular Music Gear Website; 24/05/2018 – ShippingEasy Wins Two Stevie® Awards in 2018 American Business Awards®; 03/05/2018 – Stamps.com 1Q Net $47M; 03/05/2018 – Stamps.com Raises 2018 View To Net $150M-Net $165M; 03/05/2018 – STAMPS.COM SEES FY ADJ EPS $9.60 TO $10.60, EST. $9.17; 03/05/2018 – Stamps.com Backs 2018 Rev $530M-$560M; 03/05/2018 – Stamps.com 1Q Rev $133.6M

Another recent and important Stamps.com Inc. (NASDAQ:STMP) news was published by Seekingalpha.com which published an article titled: “US Senate postpones Postal Service hearing” on August 31, 2018.

Since April 2, 2018, it had 0 insider purchases, and 20 sales for $30.85 million activity. Buerba Sebastian sold 2,499 shares worth $624,031. $379,462 worth of Stamps.com Inc. (NASDAQ:STMP) shares were sold by Clem John Roland. The insider Lipson Matthew A. sold $312,308. 1,200 shares valued at $271,200 were sold by Khechfe Amine on Tuesday, May 1. JONES G BRADFORD sold $2.61 million worth of stock or 10,000 shares.

Investors sentiment decreased to 1.18 in Q2 2018. Its down 0.07, from 1.25 in 2018Q1. It dived, as 25 investors sold STMP shares while 87 reduced holdings. 54 funds opened positions while 78 raised stakes. 15.64 million shares or 3.92% less from 16.28 million shares in 2018Q1 were reported. King Luther Cap Mgmt, Texas-based fund reported 41,085 shares. Tekne Cap Mngmt Llc owns 8.28% invested in Stamps.com Inc. (NASDAQ:STMP) for 124,771 shares. Mason Street Advsr Ltd Com holds 0.03% or 4,814 shares in its portfolio. Globeflex Cap Limited Partnership has 7,263 shares for 0.38% of their portfolio. California Pub Employees Retirement Systems invested in 56,724 shares or 0.02% of the stock. Tdam Usa accumulated 6,918 shares. Martingale Asset Mgmt Limited Partnership invested in 22,404 shares or 0.07% of the stock. Raymond James Serv has invested 0% in Stamps.com Inc. (NASDAQ:STMP). Signaturefd has 524 shares. Wolverine Asset accumulated 578 shares. Zacks Management invested in 5,338 shares or 0.03% of the stock. 10,759 are owned by Texas Permanent School Fund. 1.71 million are owned by Vanguard Grp Incorporated. Gamco Invsts Et Al has 0.02% invested in Stamps.com Inc. (NASDAQ:STMP) for 14,000 shares. Morgan Stanley reported 495,645 shares or 0.03% of all its holdings.

Analysts await Stamps.com Inc. (NASDAQ:STMP) to report earnings on November, 1. They expect $1.78 EPS, down 30.74% or $0.79 from last year’s $2.57 per share. STMP’s profit will be $32.32M for 31.91 P/E if the $1.78 EPS becomes a reality. After $2.31 actual EPS reported by Stamps.com Inc. for the previous quarter, Wall Street now forecasts -22.94% negative EPS growth.

Among 10 analysts covering Stamps.com (NASDAQ:STMP), 8 have Buy rating, 1 Sell and 1 Hold. Therefore 80% are positive. Stamps.com had 36 analyst reports since August 7, 2015 according to SRatingsIntel. The stock of Stamps.com Inc. (NASDAQ:STMP) has “Buy” rating given on Sunday, October 29 by Roth Capital. The rating was maintained by B Riley with “Neutral” on Friday, August 7. Northland Capital maintained Stamps.com Inc. (NASDAQ:STMP) rating on Thursday, September 14. Northland Capital has “Buy” rating and $200.0 target. The rating was maintained by FBR Capital on Thursday, February 22 with “Buy”. Singular Research initiated the stock with “Buy” rating in Monday, October 19 report. The stock has “Buy” rating by Roth Capital on Monday, October 23. Craig Hallum maintained it with “Buy” rating and $21000 target in Thursday, August 3 report. The firm has “Buy” rating by Singular Research given on Monday, February 27. The firm has “Sell” rating given on Thursday, July 14 by Prescience Point. The rating was maintained by FBR Capital on Friday, February 9 with “Buy”.

Since May 25, 2018, it had 0 insider purchases, and 7 selling transactions for $4.75 million activity. $520,940 worth of stock was sold by LEROY SPENCER III on Thursday, June 7. The insider MUELLER KARL W sold $217,338. 40,000 shares were sold by STEINER ARNOLD L, worth $846,550 on Tuesday, June 12.

Vanguard Group Inc, which manages about $2390.61B US Long portfolio, decreased its stake in Apple Hospitality Reit Inc by 1.08 million shares to 31.96 million shares, valued at $571.36 million in 2018Q2, according to the filing. It also reduced its holding in Pc Connection Inc (NASDAQ:PCCC) by 30,885 shares in the quarter, leaving it with 543,806 shares, and cut its stake in Great Southn Bancorp Inc (NASDAQ:GSBC).

Among 2 analysts covering Old Republic Intl (NYSE:ORI), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Old Republic Intl had 2 analyst reports since October 30, 2017 according to SRatingsIntel. The stock of Old Republic International Corporation (NYSE:ORI) earned “Strong Buy” rating by Raymond James on Monday, October 30. The company was upgraded on Monday, February 12 by JMP Securities.

Stamps.com Inc. (NASDAQ:STMP) Institutional Positions Chart

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