Gary Lehman Acquired 40 shares of First Merchants (FRME) in an Insider Trading; ATC VENTURE GROUP (ATCV) SI Decreased By 35.29%

March 6, 2018 - By Danny Collins

ATC VENTURE GROUP INC (OTCMKTS:ATCV) had a decrease of 35.29% in short interest. ATCV’s SI was 5,500 shares in March as released by FINRA. Its down 35.29% from 8,500 shares previously. It closed at $0.021 lastly. It is down 0.00% since March 6, 2017 and is . It has underperformed by 16.70% the S&P500.

Director, Gary Lehman is the First Merchants Corp’s insider which acquired shares of First Merchants Corp, 40 to be exact. The company’s shares were based on an average share price of $42.1, with the transaction having a total value of $1,682 USD. In the last 30 days, he also purchased 38 shares valued at $1,654 USD. Gary Lehman at the moment has in hand 0.08% of the company’s market cap with ownership of 37,555 shares.  The deal was made on 05/03/2018 and was made public in a document at the SEC’s website.

Since December 15, 2017, it had 3 buys, and 1 sale for $43,181 activity. $479 worth of First Merchants Corporation (NASDAQ:FRME) shares were bought by Sherman Patrick A. Stewart Michael J sold $94,529 worth of stock. Shares for $1,654 were bought by Lehman Gary on Thursday, February 1. On Friday, December 15 WALKER TERRY L bought $135,577 worth of First Merchants Corporation (NASDAQ:FRME) or 3,176 shares.

Among 6 analysts covering First Merchants (NASDAQ:FRME), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. First Merchants has $53.0 highest and $27.50 lowest target. $44.25’s average target is 4.31% above currents $42.42 stock price. First Merchants had 16 analyst reports since August 18, 2015 according to SRatingsIntel. SunTrust initiated the shares of FRME in report on Wednesday, December 16 with “Neutral” rating. On Thursday, July 21 the stock rating was initiated by DA Davidson with “Buy”. On Tuesday, October 3 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. As per Friday, October 6, the company rating was initiated by Piper Jaffray. Keefe Bruyette & Woods maintained the shares of FRME in report on Monday, February 26 with “Buy” rating. The stock of First Merchants Corporation (NASDAQ:FRME) earned “Equal-Weight” rating by Stephens on Friday, October 2. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Thursday, January 25 report. The stock has “Buy” rating by Keefe Bruyette & Woods on Thursday, June 1. As per Sunday, January 28, the company rating was maintained by Piper Jaffray. The stock of First Merchants Corporation (NASDAQ:FRME) has “Buy” rating given on Tuesday, December 12 by Keefe Bruyette & Woods.

Analysts await First Merchants Corporation (NASDAQ:FRME) to report earnings on April, 26. They expect $0.70 earnings per share, up 25.00% or $0.14 from last year’s $0.56 per share. FRME’s profit will be $34.69M for 15.15 P/E if the $0.70 EPS becomes a reality. After $0.61 actual earnings per share reported by First Merchants Corporation for the previous quarter, Wall Street now forecasts 14.75% EPS growth.

First Merchants Corporation operates as the financial holding firm for First Merchants Bank that provides community banking services. The company has market cap of $2.10 billion. It accepts time, savings, and demand deposits; and provides consumer, commercial, agri-business, and real estate mortgage loans, as well as rents safe deposit facilities. It has a 20.01 P/E ratio. The firm also provides personal and corporate trust, full-service brokerage, corporate, letters of credit, and repurchase agreements services.

Investors sentiment decreased to 1.35 in 2017 Q3. Its down 0.05, from 1.4 in 2017Q2. It dived, as 14 investors sold First Merchants Corporation shares while 51 reduced holdings. 34 funds opened positions while 54 raised stakes. 33.67 million shares or 3.16% more from 32.64 million shares in 2017Q2 were reported. Lord Abbett And Limited Co accumulated 843,729 shares or 0.11% of the stock. Jefferies Grp Inc Limited Company reported 0.01% stake. Clearbridge Lc stated it has 0% of its portfolio in First Merchants Corporation (NASDAQ:FRME). Wellington Management Gru Llp holds 8,523 shares. Prudential Fincl holds 0% or 50,195 shares. Legal And General Public Ltd reported 0% stake. Morgan Stanley stated it has 162,476 shares. Aqr Cap Mngmt Lc holds 175,265 shares or 0.01% of its portfolio. Invesco Limited holds 134,442 shares. Lsv Asset Mngmt has invested 0.01% of its portfolio in First Merchants Corporation (NASDAQ:FRME). Monarch Capital Management has 10,331 shares. 811,333 are owned by Pl Cap Advsrs Lc. New York-based Millennium Management Ltd Co has invested 0.02% in First Merchants Corporation (NASDAQ:FRME). Tiaa Cref Inv Ltd Liability Corporation accumulated 209,128 shares. Dana Inv Advisors Inc holds 69,822 shares.

The stock increased 0.69% or $0.29 during the last trading session, reaching $42.42. About 92,879 shares traded. First Merchants Corporation (NASDAQ:FRME) has risen 59.72% since March 6, 2017 and is uptrending. It has outperformed by 43.02% the S&P500.

ATC Venture Group Inc., through its subsidiary, Simonsen Iron Works Inc., engages in the design, manufacture, and assembly of an array of parts for original equipment manufacturers and other customers. The company has market cap of $149,247. The firm was formerly known as Cycle Country Accessories Corp. and changed its name to ATC Venture Group Inc. in January 2012. It has a 3.5 P/E ratio.

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