Daruma Capital Management Has Decreased By $8.00 Million Its Texas Capital Bancshares (TCBI) Stake; Pennantpark Investment (PNNT) Shorts Up By 13.84%

June 20, 2017 - By Vivian Park

Daruma Capital Management Llc decreased Texas Capital Bancshares Inc (TCBI) stake by 9.71% reported in 2016Q4 SEC filing. Daruma Capital Management Llc sold 102,550 shares as Texas Capital Bancshares Inc (TCBI)’s stock declined 14.28%. The Daruma Capital Management Llc holds 953,905 shares with $74.79M value, down from 1.06M last quarter. Texas Capital Bancshares Inc now has $3.80B valuation. The stock declined 2.11% or $1.65 reaching $76.4 per share. About 150,505 shares traded. Texas Capital Bancshares Inc (NASDAQ:TCBI) has risen 65.24% since June 20, 2016 and is uptrending. It has outperformed by 48.54% the S&P500.

Pennantpark Investment Corporation (NASDAQ:PNNT) had an increase of 13.84% in short interest. PNNT’s SI was 236,100 shares in June as released by FINRA. Its up 13.84% from 207,400 shares previously. With 338,300 avg volume, 1 days are for Pennantpark Investment Corporation (NASDAQ:PNNT)’s short sellers to cover PNNT’s short positions. About 176,055 shares traded. PennantPark Investment Corp. (NASDAQ:PNNT) has risen 23.34% since June 20, 2016 and is uptrending. It has outperformed by 6.64% the S&P500.

Among 17 analysts covering Texas Capital Bancshares Inc. (NASDAQ:TCBI), 5 have Buy rating, 0 Sell and 12 Hold. Therefore 29% are positive. Texas Capital Bancshares Inc. had 40 analyst reports since July 24, 2015 according to SRatingsIntel. The stock of Texas Capital Bancshares Inc (NASDAQ:TCBI) earned “Neutral” rating by Bank of America on Wednesday, June 29. The stock has “Equal-Weight” rating by Barclays Capital on Friday, October 9. The company was downgraded on Wednesday, November 30 by DA Davidson. The company was maintained on Wednesday, November 30 by Wedbush. The company was initiated on Thursday, August 20 by Sterne Agee CRT. The firm has “Neutral” rating by Compass Point given on Friday, November 18. Raymond James upgraded Texas Capital Bancshares Inc (NASDAQ:TCBI) on Monday, May 9 to “Strong Buy” rating. JMP Securities initiated the shares of TCBI in report on Thursday, February 2 with “Mkt Outperform” rating. The rating was downgraded by Drexel Hamilton to “Hold” on Friday, July 24. The stock has “Strong Buy” rating by Raymond James on Thursday, April 6.

Since June 2, 2017, it had 0 insider buys, and 1 sale for $298,080 activity. BARTHOLOW PETER B sold 4,000 shares worth $298,080.

Investors sentiment increased to 2.06 in Q4 2016. Its up 0.81, from 1.25 in 2016Q3. It increased, as 13 investors sold TCBI shares while 58 reduced holdings. 64 funds opened positions while 82 raised stakes. 49.04 million shares or 10.88% more from 44.23 million shares in 2016Q3 were reported. The Arizona-based Arizona State Retirement Systems has invested 0.03% in Texas Capital Bancshares Inc (NASDAQ:TCBI). Barclays Plc reported 0% stake. Amalgamated Commercial Bank stated it has 0.02% in Texas Capital Bancshares Inc (NASDAQ:TCBI). Cibc Asset Mngmt accumulated 3,348 shares or 0% of the stock. Fifth Third National Bank & Trust reported 0% stake. 238 were reported by Dreman Value L L C. Minnesota-based Thrivent Financial For Lutherans has invested 0.01% in Texas Capital Bancshares Inc (NASDAQ:TCBI). Aperio Grp Ltd accumulated 11,481 shares. Blackrock has invested 0% in Texas Capital Bancshares Inc (NASDAQ:TCBI). Utd Advisers Limited stated it has 0% in Texas Capital Bancshares Inc (NASDAQ:TCBI). Loomis Sayles Lp holds 228,919 shares or 0.04% of its portfolio. Louisiana State Employees Retirement Sys holds 0.08% or 19,700 shares in its portfolio. Moreover, Ls Advisors Ltd Llc has 0.01% invested in Texas Capital Bancshares Inc (NASDAQ:TCBI). Wells Fargo & Mn reported 0% of its portfolio in Texas Capital Bancshares Inc (NASDAQ:TCBI). The New York-based Solaris Asset Ltd Liability Corporation has invested 0.07% in Texas Capital Bancshares Inc (NASDAQ:TCBI).

Daruma Capital Management Llc increased Forward Air Corp (NASDAQ:FWRD) stake by 288,956 shares to 1.04M valued at $49.39M in 2016Q4. It also upped Superior Energy Svcs Inc (NYSE:SPN) stake by 38,585 shares and now owns 182,263 shares. Babcock & Wilcox Enterpris I was raised too.

Analysts await Texas Capital Bancshares Inc (NASDAQ:TCBI) to report earnings on July, 19. They expect $0.93 EPS, up 19.23% or $0.15 from last year’s $0.78 per share. TCBI’s profit will be $46.26M for 20.54 P/E if the $0.93 EPS becomes a reality. After $0.80 actual EPS reported by Texas Capital Bancshares Inc for the previous quarter, Wall Street now forecasts 16.25% EPS growth.

PennantPark Investment Corporation is a closed-end, non-diversified investment company. The company has market cap of $514.97 million. The Firm is a business development company. It has a 5.76 P/E ratio. The Company’s objectives are to generate both current income and capital appreciation while seeking to preserve capital through debt and equity investments primarily made to the United States middle-market companies in the form of senior secured debt, mezzanine debt and equity investments.

Among 10 analysts covering Pennant Investment (NASDAQ:PNNT), 1 have Buy rating, 0 Sell and 9 Hold. Therefore 10% are positive. Pennant Investment had 20 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Market Outperform” rating given on Wednesday, August 10 by JMP Securities. JMP Securities downgraded PennantPark Investment Corp. (NASDAQ:PNNT) on Thursday, May 11 to “Market Perform” rating. MLV maintained it with “Buy” rating and $10 target in Thursday, August 6 report. The company was upgraded on Tuesday, November 22 by Ladenburg Thalmann. As per Wednesday, November 23, the company rating was downgraded by FBR Capital. DA Davidson initiated the stock with “Buy” rating in Wednesday, September 30 report. The firm has “Neutral” rating by Robert W. Baird given on Monday, May 2. The stock of PennantPark Investment Corp. (NASDAQ:PNNT) has “Neutral” rating given on Monday, July 18 by JP Morgan. The stock has “Neutral” rating by DA Davidson on Wednesday, July 27. Ladenburg Thalmann downgraded PennantPark Investment Corp. (NASDAQ:PNNT) on Thursday, February 9 to “Neutral” rating.

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