Welch Capital Partners Has Increased By $955,750 Its Crossamerica Partners LP (CAPL) Stake; Rli (RLI) Shorts Up By 0.5%

October 13, 2017 - By Dolores Ford

Welch Capital Partners Llc increased Crossamerica Partners Lp (CAPL) stake by 62.02% reported in 2017Q2 SEC filing. Welch Capital Partners Llc acquired 38,230 shares as Crossamerica Partners Lp (CAPL)’s stock declined 8.17%. The Welch Capital Partners Llc holds 99,871 shares with $2.55M value, up from 61,641 last quarter. Crossamerica Partners Lp now has $876.86 million valuation. The stock decreased 2.08% or $0.55 on October 12, reaching $25.93. About shares traded. Crossamerica Partners LP (NYSE:CAPL) has risen 2.84% since October 13, 2016 and is uptrending. It has underperformed by 13.86% the S&P500.

Rli Corporation (NYSE:RLI) had an increase of 0.5% in short interest. RLI’s SI was 2.99M shares in October as released by FINRA. Its up 0.5% from 2.98M shares previously. With 122,400 avg volume, 24 days are for Rli Corporation (NYSE:RLI)’s short sellers to cover RLI’s short positions. The SI to Rli Corporation’s float is 7.75%. The stock decreased 0.64% or $0.37 during the last trading session, reaching $57.27. About shares traded. RLI Corp. (NYSE:RLI) has declined 13.83% since October 13, 2016 and is downtrending. It has underperformed by 30.53% the S&P500.

Among 12 analysts covering CrossAmerica Partners (NYSE:CAPL), 7 have Buy rating, 0 Sell and 5 Hold. Therefore 58% are positive. CrossAmerica Partners had 24 analyst reports since August 10, 2015 according to SRatingsIntel. The firm has “Sector Perform” rating given on Thursday, October 27 by RBC Capital Markets. The stock has “Neutral” rating by Bank of America on Wednesday, July 26. The stock of Crossamerica Partners LP (NYSE:CAPL) earned “Sector Perform” rating by RBC Capital Markets on Thursday, March 9. The firm earned “Hold” rating on Sunday, October 1 by RBC Capital Markets. As per Tuesday, August 8, the company rating was maintained by Jefferies. Robert W. Baird upgraded the stock to “Outperform” rating in Thursday, February 4 report. As per Friday, September 9, the company rating was initiated by FBR Capital. The stock of Crossamerica Partners LP (NYSE:CAPL) has “Outperform” rating given on Monday, August 10 by Robert W. Baird. The stock of Crossamerica Partners LP (NYSE:CAPL) has “Buy” rating given on Tuesday, August 11 by Wunderlich. The firm has “Outperform” rating by Robert W. Baird given on Tuesday, August 23.

Welch Capital Partners Llc decreased Zimmer Biomet Holdings Inc (ZMH) stake by 14,940 shares to 71,973 valued at $9.24 million in 2017Q2. It also reduced Spdr S&P 500 Etf Trust (SPY) stake by 63,972 shares and now owns 106,789 shares. Utilities Select Sector Spdr Fund (XLU) was reduced too.

Investors sentiment increased to 1.34 in Q2 2017. Its up 0.31, from 1.03 in 2017Q1. It is positive, as 15 investors sold RLI Corp. shares while 46 reduced holdings. 18 funds opened positions while 64 raised stakes. 36.25 million shares or 1.93% more from 35.57 million shares in 2017Q1 were reported. 58 were accumulated by Plante Moran Fincl Advisors Lc. Envestnet Asset Mgmt, Illinois-based fund reported 14,617 shares. Us National Bank & Trust De has invested 0% in RLI Corp. (NYSE:RLI). New York-based Metropolitan Life Insur New York has invested 0.01% in RLI Corp. (NYSE:RLI). State Street holds 0.03% or 6.30 million shares. Lpl Finance Ltd Llc has invested 0% in RLI Corp. (NYSE:RLI). Employees Retirement Of Ohio accumulated 32,638 shares. Jennison Lc holds 19,597 shares or 0% of its portfolio. 227,034 are held by Pictet Asset. Eulav Asset Mgmt stated it has 0.41% of its portfolio in RLI Corp. (NYSE:RLI). Pnc Fin Grp Inc Inc holds 0.05% in RLI Corp. (NYSE:RLI) or 890,248 shares. Sector Pension Board invested 0.01% of its portfolio in RLI Corp. (NYSE:RLI). Profund owns 6,902 shares or 0.02% of their US portfolio. First Tru Advsrs Limited Partnership stated it has 0% of its portfolio in RLI Corp. (NYSE:RLI). Arizona State Retirement Sys reported 0.02% in RLI Corp. (NYSE:RLI).

Among 6 analysts covering RLI Corporation (NYSE:RLI), 0 have Buy rating, 3 Sell and 3 Hold. Therefore 0 are positive. RLI Corporation had 20 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was maintained by FBR Capital with “Hold” on Thursday, July 20. The stock has “Sell” rating by RBC Capital Markets on Tuesday, September 5. As per Friday, April 21, the company rating was maintained by FBR Capital. Keefe Bruyette & Woods maintained RLI Corp. (NYSE:RLI) rating on Monday, September 18. Keefe Bruyette & Woods has “Hold” rating and $51.0 target. RBC Capital Markets maintained the shares of RLI in report on Monday, June 26 with “Sell” rating. The stock of RLI Corp. (NYSE:RLI) earned “Outperform” rating by FBR Capital on Monday, August 3. The stock has “Neutral” rating by Compass Point on Wednesday, January 27. Keefe Bruyette & Woods maintained it with “Hold” rating and $51.0 target in Thursday, August 17 report. Keefe Bruyette & Woods upgraded RLI Corp. (NYSE:RLI) on Thursday, January 7 to “Market Perform” rating. RBC Capital Markets downgraded it to “Underperform” rating and $53 target in Friday, December 9 report.

Since May 8, 2017, it had 1 insider buy, and 1 sale for $181,356 activity. $94,872 worth of RLI Corp. (NYSE:RLI) shares were bought by RESTREPO ROBERT P JR. 5,000 shares were sold by STONE MICHAEL J, worth $276,228 on Wednesday, May 31.

RLI Corp. is a specialty insurance company. The company has market cap of $2.53 billion. The Firm underwrites selected property and casualty insurance through subsidiaries, as well as offers insurance coverages in both the specialty admitted, and excess and surplus markets. It has a 25.36 P/E ratio. It operates through Casualty, Property and Surety divisions.

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