Rand Capital (RAND)’s Insider Reginald Newman Picked up 20,000 Shares of the Company; Parametric Portfolio Associates Has Decreased Oritani Financial (ORIT) Stake

January 21, 2018 - By Martha Paddon

Parametric Portfolio Associates Llc decreased Oritani Financial Corp (ORIT) stake by 36.5% reported in 2017Q3 SEC filing. Parametric Portfolio Associates Llc sold 66,392 shares as Oritani Financial Corp (ORIT)’s stock declined 4.35%. The Parametric Portfolio Associates Llc holds 115,498 shares with $1.94 million value, down from 181,890 last quarter. Oritani Financial Corp now has $765.93 million valuation. The stock increased 0.91% or $0.15 during the last trading session, reaching $16.55. About 113,763 shares traded. Oritani Financial Corp. (NASDAQ:ORIT) has risen 4.02% since January 21, 2017 and is uptrending. It has underperformed by 12.68% the S&P500.

Reginald Newman, the director of Rand Capital Corp, purchased 20,000 shares of the company, with market value around $55,000 U.S Dollars, which is based on a stock price of $2.8 for each one share. This purchase was reported on January 19, 2018 and is already filed with the Security and Exchange Commission. The original document is ready for review to the public here. Right now, Reginald Newman owns 160,000 shares which are around 2.53% of the company’s market cap (total dollar market value of all company’s outstanding shares).

Rand Capital Corporation is a business development firm specializing in venture capital and private equity investments. The company has market cap of $17.51 million. The firm prefers to make investments through equity or debt instruments in early venture, expansion stage, and in small to medium-sized privately held companies. It currently has negative earnings. It generally lends to more mature companies.

The stock increased 0.40% or $0.01 during the last trading session, reaching $2.77. About 57,348 shares traded or 208.49% up from the average. Rand Capital Corporation (NASDAQ:RAND) has declined 26.23% since January 21, 2017 and is downtrending. It has underperformed by 42.93% the S&P500.

Investors sentiment increased to 5 in 2017 Q3. Its up 2.00, from 3 in 2017Q2. It improved, as 1 investors sold Rand Capital Corporation shares while 0 reduced holdings. 3 funds opened positions while 2 raised stakes. 1.72 million shares or 225.01% more from 530,429 shares in 2017Q2 were reported. Brown Advisory invested 0% of its portfolio in Rand Capital Corporation (NASDAQ:RAND). Atlantic Ltd has 0% invested in Rand Capital Corporation (NASDAQ:RAND) for 227,691 shares. Raffles Assoc Lp reported 85,000 shares. Shufro Rose & Com Llc has 0.05% invested in Rand Capital Corporation (NASDAQ:RAND) for 179,639 shares. Associated Banc has invested 0.05% in Rand Capital Corporation (NASDAQ:RAND).

Among 4 analysts covering Oritani Financial Corp (NASDAQ:ORIT), 0 have Buy rating, 0 Sell and 4 Hold. Therefore 0 are positive. Oritani Financial Corp has $18 highest and $15 lowest target. $17.13’s average target is 3.50% above currents $16.55 stock price. Oritani Financial Corp had 9 analyst reports since July 29, 2015 according to SRatingsIntel. The firm has “Hold” rating by Keefe Bruyette & Woods given on Thursday, December 21. The stock of Oritani Financial Corp. (NASDAQ:ORIT) has “Neutral” rating given on Thursday, April 14 by Piper Jaffray. Sandler O’Neill downgraded the stock to “Hold” rating in Tuesday, October 27 report. On Tuesday, October 3 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. The stock has “Hold” rating by Piper Jaffray on Wednesday, August 2. Keefe Bruyette & Woods maintained Oritani Financial Corp. (NASDAQ:ORIT) rating on Thursday, July 27. Keefe Bruyette & Woods has “Hold” rating and $17.5000 target. The company was upgraded on Tuesday, August 11 by Zacks.

Analysts await Oritani Financial Corp. (NASDAQ:ORIT) to report earnings on January, 23. They expect $0.27 earnings per share, up 3.85% or $0.01 from last year’s $0.26 per share. ORIT’s profit will be $12.50 million for 15.32 P/E if the $0.27 EPS becomes a reality. After $0.27 actual earnings per share reported by Oritani Financial Corp. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Investors sentiment increased to 1.27 in 2017 Q3. Its up 0.14, from 1.13 in 2017Q2. It improved, as 9 investors sold ORIT shares while 39 reduced holdings. 17 funds opened positions while 44 raised stakes. 28.16 million shares or 2.34% less from 28.83 million shares in 2017Q2 were reported. Tiaa Cref Investment Mngmt Limited Co accumulated 100,569 shares. Td Asset Mngmt invested 0.01% of its portfolio in Oritani Financial Corp. (NASDAQ:ORIT). Bank & Trust Of Ny Mellon invested in 604,724 shares or 0% of the stock. American Grp Inc reported 0% of its portfolio in Oritani Financial Corp. (NASDAQ:ORIT). Ameriprise Finance holds 228,694 shares or 0% of its portfolio. Principal Finance, a Iowa-based fund reported 294,816 shares. Morgan Stanley has invested 0% in Oritani Financial Corp. (NASDAQ:ORIT). Credit Suisse Ag invested in 0% or 48,373 shares. Federated Pa has 2,620 shares for 0% of their portfolio. Deutsche Bancshares Ag has invested 0% of its portfolio in Oritani Financial Corp. (NASDAQ:ORIT). Northern Trust Corporation accumulated 0% or 783,080 shares. Nordea Investment Mgmt has 0.01% invested in Oritani Financial Corp. (NASDAQ:ORIT). 3,621 are held by Barclays Public Limited. Beese Fulmer Management has 11,250 shares for 0.04% of their portfolio. Vanguard Gp Inc invested in 4.00M shares or 0% of the stock.

Parametric Portfolio Associates Llc increased Amc Entertainment Hlds (NYSE:AMC) stake by 79,283 shares to 329,259 valued at $4.84M in 2017Q3. It also upped Tri Pointe Group Inc Com (NYSE:TPH) stake by 84,316 shares and now owns 382,976 shares. Swisscom Ag (SCMWY) was raised too.