Frank Martell Acquires 4,000 Shares of CoreLogic Inc. (CLGX) Stock
CoreLogic Inc. (NYSE:CLGX) COO Frank Martell bought 4,000 shares of the firm’s stock in a transaction on Tuesday, November 15th. The stock was acquired at an average price of $37.27 per share, for a total transaction of $149,080.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of CoreLogic Inc. (NYSE:CLGX) opened at 38.51 on Thursday. The stock has a market capitalization of $3.33 billion, a PE ratio of 24.56 and a beta of 1.00. The company’s 50-day moving average price is $39.73 and its 200 day moving average price is $39.04. CoreLogic Inc. has a one year low of $30.73 and a one year high of $43.43.
CoreLogic (NYSE:CLGX) last posted its quarterly earnings results on Monday, October 24th. The company reported $0.73 EPS for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.07. The business had revenue of $524 million for the quarter, compared to analysts’ expectations of $502.40 million. CoreLogic had a return on equity of 15.64% and a net margin of 7.53%. The business’s quarterly revenue was up 35.8% on a year-over-year basis. During the same period last year, the firm earned $0.54 earnings per share. Analysts anticipate that CoreLogic Inc. will post $2.36 EPS for the current year.
CLGX has been the topic of a number of research analyst reports. Zacks Investment Research upgraded CoreLogic from a “hold” rating to a “strong-buy” rating and set a $47.00 target price on the stock in a research note on Friday, July 22nd. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $45.00 price objective on shares of CoreLogic in a report on Friday, July 22nd. Robert W. Baird cut CoreLogic from an “outperform” rating to a “neutral” rating and upped their price objective for the stock from $40.00 to $41.00 in a report on Wednesday, July 27th. Monness Crespi & Hardt upped their price objective on CoreLogic from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Wednesday, July 27th. Finally, Keefe, Bruyette & Woods upped their price objective on CoreLogic from $41.00 to $44.50 and gave the stock a “market perform” rating in a report on Wednesday, July 27th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $42.94.
Large investors have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. boosted its stake in CoreLogic by 89.4% in the third quarter. Ameritas Investment Partners Inc. now owns 26,608 shares of the company’s stock worth $1,044,000 after buying an additional 12,559 shares in the last quarter. Verition Fund Management LLC boosted its stake in CoreLogic by 130.5% in the third quarter. Verition Fund Management LLC now owns 19,614 shares of the company’s stock worth $769,000 after buying an additional 11,105 shares in the last quarter. Horizon Investment Services LLC acquired a new stake in CoreLogic during the third quarter worth approximately $243,000. Highbridge Capital Management LLC acquired a new stake in CoreLogic during the third quarter worth approximately $241,000. Finally, Tyrian Investments L.P. boosted its stake in CoreLogic by 114.4% in the third quarter. Tyrian Investments L.P. now owns 99,700 shares of the company’s stock worth $3,910,000 after buying an additional 53,200 shares in the last quarter. 87.52% of the stock is currently owned by institutional investors and hedge funds.
CoreLogic Company Profile
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. It operates through two segments: Property Intelligence and Risk Management and Work Flow.
Receive News & Stock 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 stocks with our FREE daily email newsletter.