Signia Capital Management Increased Its Ardmore Shipping (ASC) Holding, Beaconlight Capital Trimmed By $8.39 Million Its Ellie Mae (ELLI) Position

June 19, 2017 - By Michael Collier

Beaconlight Capital Llc decreased Ellie Mae Inc (ELLI) stake by 80.51% reported in 2016Q4 SEC filing. Beaconlight Capital Llc sold 101,075 shares as Ellie Mae Inc (ELLI)’s stock rose 15.16%. The Beaconlight Capital Llc holds 24,470 shares with $2.05 million value, down from 125,545 last quarter. Ellie Mae Inc now has $3.80 billion valuation. The stock rose 0.76% or $0.84 reaching $112.07. About 14,376 shares traded. Ellie Mae Inc (NYSE:ELLI) has risen 37.10% since June 19, 2016 and is uptrending. It has outperformed by 20.40% the S&P500.

Signia Capital Management Llc increased Ardmore Shipping Corp (ASC) stake by 24.94% reported in 2016Q4 SEC filing. Signia Capital Management Llc acquired 66,963 shares as Ardmore Shipping Corp (ASC)’s stock rose 9.22%. The Signia Capital Management Llc holds 335,440 shares with $2.48M value, up from 268,477 last quarter. Ardmore Shipping Corp now has $273.97 million valuation. The stock rose 0.64% or $0.05 reaching $7.9 per share. About 9,616 shares traded. Ardmore Shipping Corp (NYSE:ASC) has declined 14.35% since June 19, 2016 and is downtrending. It has underperformed by 31.05% the S&P500.

Among 7 analysts covering Ardmore Shipping Corporation (NYSE:ASC), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. Ardmore Shipping Corporation had 10 analyst reports since October 29, 2015 according to SRatingsIntel. Seaport Global reinitiated Ardmore Shipping Corp (NYSE:ASC) on Wednesday, May 4 with “Buy” rating. The firm has “Equal-Weight” rating given on Thursday, August 25 by Morgan Stanley. The company was initiated on Tuesday, December 15 by Deutsche Bank. The company was upgraded on Thursday, November 5 by Seaport Global. The stock of Ardmore Shipping Corp (NYSE:ASC) has “Overweight” rating given on Thursday, April 7 by JP Morgan. The rating was upgraded by ABN Amro to “Hold” on Friday, July 1. The company was maintained on Tuesday, May 30 by Jefferies. Jefferies maintained Ardmore Shipping Corp (NYSE:ASC) rating on Wednesday, July 27. Jefferies has “Buy” rating and $11 target.

Analysts await Ellie Mae Inc (NYSE:ELLI) to report earnings on July, 27. They expect $0.34 earnings per share, down 12.82% or $0.05 from last year’s $0.39 per share. ELLI’s profit will be $11.53 million for 82.40 P/E if the $0.34 EPS becomes a reality. After $0.03 actual earnings per share reported by Ellie Mae Inc for the previous quarter, Wall Street now forecasts 1,033.33% EPS growth.

Since January 3, 2017, it had 0 insider purchases, and 46 sales for $22.88 million activity. $339,037 worth of Ellie Mae Inc (NYSE:ELLI) was sold by SCHREINER GATES CATHLEEN on Tuesday, March 28. The insider LaVay Matthew sold 1,495 shares worth $161,187. TYRRELL JOSEPH P. had sold 2,580 shares worth $245,248 on Tuesday, February 28. SPENCER JEB S. sold $429,320 worth of stock. Another trade for 6,875 shares valued at $671,640 was made by Corr Jonathan on Tuesday, March 21. $2.04M worth of Ellie Mae Inc (NYSE:ELLI) was sold by Anderman Sigmund on Wednesday, February 15. 4,574 shares were sold by Luce Edgar, worth $431,993.

Among 14 analysts covering Elli Mae (NYSE:ELLI), 9 have Buy rating, 0 Sell and 5 Hold. Therefore 64% are positive. Elli Mae had 30 analyst reports since July 23, 2015 according to SRatingsIntel. As per Friday, July 31, the company rating was maintained by Needham. On Thursday, November 17 the stock rating was downgraded by RBC Capital Markets to “Sector Perform”. On Friday, July 31 the stock rating was maintained by TH Capital with “Buy”. Pacific Crest initiated Ellie Mae Inc (NYSE:ELLI) on Tuesday, September 6 with “Overweight” rating. Oppenheimer maintained Ellie Mae Inc (NYSE:ELLI) on Friday, July 31 with “Outperform” rating. RBC Capital Markets maintained the stock with “Sector Perform” rating in Monday, April 24 report. The company was maintained on Friday, April 29 by RBC Capital Markets. The stock has “Overweight” rating by Barclays Capital on Friday, February 12. As per Thursday, October 29, the company rating was maintained by Barclays Capital. RBC Capital Markets maintained Ellie Mae Inc (NYSE:ELLI) on Friday, October 23 with “Outperform” rating.

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