Oriental Financial Group (NYSE:OFG).
Snow Capital Management Lp reports that it sold 31,451 shares in the previous quarter decreasing its holdings in Oriental Financial Group by 2.7%. Its investment stood at $10,473,000 a decrease of 11.0% as of the end of the quarter.
Several firms have updated their holdings. California State Teachers Retirement System divested its investment by shedding 6,558 shares a decrease of 8.6% as of 09/30/2017. California State Teachers Retirement System controls 70,082 shares valued at $641,000. The total value of its holdings decreased 16.3%. Engineers Gate Manager Lp grew its position by buying 47,008 shares an increase of 166.5% from 06/30/2017 to 09/30/2017. Engineers Gate Manager Lp claims 75,249 shares worth $689,000. The value of the position overall is up by 144.3%.
Dimensional Fund Advisors Lp reduced its holdings by selling 89,124 shares a decrease of 2.4% in the quarter. Dimensional Fund Advisors Lp currently owns 3,624,403 shares with a value of $33,163,000. The value of the position overall is down by 10.7%.
On October 27 Piper Jaffray Companies made no change to the company rating of “Hold” with a current price target of $11.00.
October 6 investment analysts at Piper Jaffray Companies maintained a company rating of “Hold” targeting a price of $11.50.
In the market the company is trading unchanged since yesterday’s close of 8.60. The P/E ratio is currently 10.73 and the market value is 377.95M. In the latest earnings report the EPS was $0.80 with 43.95M shares outstanding.
Investors are feeling more bearish on Oriental Financial Group lately as evidenced by the uptick in short interest. The firm realized a rise in short interest between September 29, 2017 and October 13, 2017 of 7.90%. Short shares increased 266,491 over that timeframe. Days to cover increased from 10.0 to 15.0 and the percentage of shorted shares was 0.08% on October 13.