Corelogic Inc (NYSE:CLGX) was the target of a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 1,800,000 shares, a drop of 8.6% from the December 15th total of 1,970,000 shares. Approximately 2.3% of the company’s shares are short sold. Based on an average daily volume of 656,400 shares, the short-interest ratio is currently 2.7 days.

CLGX has been the subject of a number of research analyst reports. TheStreet lowered Corelogic from a “b-” rating to a “c” rating in a research note on Friday, November 8th. Wolfe Research lowered Corelogic from an “outperform” rating to a “market perform” rating and set a $46.00 price target for the company. in a research note on Friday, October 25th. Deutsche Bank lowered Corelogic from a “hold” rating to a “sell” rating and decreased their price target for the stock from $43.00 to $39.00 in a research note on Thursday, October 24th. ValuEngine lowered Corelogic from a “hold” rating to a “sell” rating in a research note on Thursday, December 12th. Finally, Zacks Investment Research lowered Corelogic from a “buy” rating to a “hold” rating in a research note on Monday, January 6th. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. Corelogic currently has an average rating of “Hold” and a consensus price target of $45.00.

In related news, CEO Frank Martell sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $43.99, for a total transaction of $329,925.00. Following the completion of the sale, the chief executive officer now directly owns 311,095 shares of the company’s stock, valued at approximately $13,685,069.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO James L. Balas sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $38.84, for a total value of $77,680.00. Following the sale, the chief financial officer now directly owns 81,703 shares of the company’s stock, valued at $3,173,344.52. The disclosure for this sale can be found here. Insiders sold a total of 11,500 shares of company stock valued at $491,605 over the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Knuff & Co LLC purchased a new position in shares of Corelogic in the 3rd quarter valued at $28,000. FNY Investment Advisers LLC purchased a new position in shares of Corelogic in the 4th quarter valued at $65,000. US Bancorp DE increased its holdings in shares of Corelogic by 29.6% in the 2nd quarter. US Bancorp DE now owns 3,563 shares of the business services provider’s stock valued at $149,000 after acquiring an additional 813 shares during the period. Wedge Capital Management L L P NC increased its holdings in shares of Corelogic by 15.1% in the 4th quarter. Wedge Capital Management L L P NC now owns 5,028 shares of the business services provider’s stock valued at $220,000 after acquiring an additional 658 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Corelogic by 10.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,073 shares of the business services provider’s stock valued at $235,000 after acquiring an additional 479 shares during the period. Institutional investors own 92.27% of the company’s stock.

CLGX opened at $45.03 on Thursday. The stock’s fifty day moving average is $42.91 and its two-hundred day moving average is $44.24. The company has a market capitalization of $3.66 billion, a P/E ratio of 19.08, a PEG ratio of 1.65 and a beta of 0.69. Corelogic has a 52 week low of $34.29 and a 52 week high of $49.49. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.75.

Corelogic (NYSE:CLGX) last released its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $0.82 EPS for the quarter, topping the consensus estimate of $0.74 by $0.08. The company had revenue of $458.96 million for the quarter, compared to the consensus estimate of $457.49 million. Corelogic had a return on equity of 18.36% and a net margin of 1.83%. Corelogic’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period last year, the business posted $0.72 EPS. Equities analysts anticipate that Corelogic will post 2.39 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be issued a dividend of $0.22 per share. The ex-dividend date is Thursday, January 9th. This represents a $0.88 annualized dividend and a yield of 1.95%. Corelogic’s payout ratio is currently 37.29%.

About Corelogic

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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