Clough Capital Partners LP Has Decreased By $11.52 Million Its Virtusa (VRTU) Holding; Blackrock LTD Duration Income Trust (BLW)’s Sentiment Is 1.25

November 15, 2017 - By Stephen Andrade

BlackRock Limited Duration Income Trust is a diversified, closed-end management investment company. The company has market cap of $575.04 million. The Fund’s investment objective is to provide current income and capital appreciation. It currently has negative earnings. It seeks to achieve its investment objective by investing in three asset classes, such as intermediate duration, investment grade corporate bonds, mortgage-related securities, asset-backed securities and the United States Government and agency securities; senior, secured floating rate loans made to corporate and other business entities, and the United States dollar-denominated securities of the United States and non-United States issuers rated below investment grade or unrated and deemed by the investment advisor to be of comparable quality and, to a limited extent, non-United States dollar denominated securities of non-United States issuers rated below investment grade or unrated and deemed by the investment advisor to be of comparable quality.

Clough Capital Partners LP decreased Virtusa Corp (VRTU) stake by 94.37% reported in 2017Q2 SEC filing. Clough Capital Partners LP sold 397,100 shares as Virtusa Corp (VRTU)’s stock declined 1.05%. The Clough Capital Partners LP holds 23,700 shares with $697,000 value, down from 420,800 last quarter. Virtusa Corp now has $1.34B valuation. The stock declined 0.69% or $0.32 reaching $45.79 per share. About 37,026 shares traded. Virtusa Corporation (NASDAQ:VRTU) has declined 13.10% since November 15, 2016 and is downtrending. It has underperformed by 29.80% the S&P500.

Among 9 analysts covering Virtusa (NASDAQ:VRTU), 8 have Buy rating, 0 Sell and 1 Hold. Therefore 89% are positive. Virtusa had 27 analyst reports since July 29, 2015 according to SRatingsIntel. On Thursday, November 10 the stock rating was maintained by Maxim Group with “Buy”. The stock of Virtusa Corporation (NASDAQ:VRTU) earned “Buy” rating by Maxim Group on Wednesday, November 4. The stock has “Outperform” rating by Barrington Research on Tuesday, February 9. The stock of Virtusa Corporation (NASDAQ:VRTU) earned “Neutral” rating by Wedbush on Friday, September 9. The stock of Virtusa Corporation (NASDAQ:VRTU) has “Buy” rating given on Thursday, November 9 by Maxim Group. The stock of Virtusa Corporation (NASDAQ:VRTU) earned “Buy” rating by Needham on Tuesday, February 9. The rating was initiated by Sterne Agee CRT with “Neutral” on Thursday, December 17. Needham maintained Virtusa Corporation (NASDAQ:VRTU) rating on Thursday, November 10. Needham has “Buy” rating and $24 target. The stock of Virtusa Corporation (NASDAQ:VRTU) earned “Buy” rating by Cowen & Co on Friday, July 28. As per Friday, March 24, the company rating was upgraded by Cowen & Co.

Investors sentiment increased to 1.26 in Q2 2017. Its up 0.23, from 1.03 in 2017Q1. It increased, as 16 investors sold VRTU shares while 38 reduced holdings. 14 funds opened positions while 54 raised stakes. 26.53 million shares or 1.06% less from 26.81 million shares in 2017Q1 were reported. Zurcher Kantonalbank (Zurich Cantonalbank) owns 812 shares. Parametric Port Associate Limited has 0% invested in Virtusa Corporation (NASDAQ:VRTU) for 76,029 shares. Bnp Paribas Arbitrage Sa holds 8,805 shares. Pub Sector Pension Inv Board stated it has 0% of its portfolio in Virtusa Corporation (NASDAQ:VRTU). Comerica Retail Bank stated it has 70,896 shares or 0.02% of all its holdings. Capstone Asset Mgmt has 9,510 shares for 0.01% of their portfolio. Public Employees Retirement Association Of Colorado invested 0.04% in Virtusa Corporation (NASDAQ:VRTU). Voya Inv Management Limited Liability Corporation has 0.03% invested in Virtusa Corporation (NASDAQ:VRTU) for 463,173 shares. Pzena Mngmt Ltd Liability Corporation reported 0.09% in Virtusa Corporation (NASDAQ:VRTU). Pinebridge Investments Limited Partnership reported 0.03% in Virtusa Corporation (NASDAQ:VRTU). Citigroup Incorporated holds 29,400 shares or 0% of its portfolio. Amer Group has invested 0% in Virtusa Corporation (NASDAQ:VRTU). Thomson Horstmann & Bryant Inc holds 27,389 shares or 0.1% of its portfolio. 64,091 are held by Citadel Advsrs Ltd Co. Invesco Ltd holds 0% or 172,242 shares in its portfolio.

Clough Capital Partners LP increased Pennymac Mtg Invt Tr (NYSE:PMT) stake by 285,100 shares to 1.40 million valued at $25.63 million in 2017Q2. It also upped Duke Energy Corp New (NYSE:DUK) stake by 6,900 shares and now owns 74,700 shares. Alexion Pharmaceuticals Inc (NASDAQ:ALXN) was raised too.

Analysts await Virtusa Corporation (NASDAQ:VRTU) to report earnings on February, 8. They expect $0.28 earnings per share, up 3.70% or $0.01 from last year’s $0.27 per share. VRTU’s profit will be $8.19M for 40.88 P/E if the $0.28 EPS becomes a reality. After $0.22 actual earnings per share reported by Virtusa Corporation for the previous quarter, Wall Street now forecasts 27.27% EPS growth.

Since May 19, 2017, it had 0 buys, and 3 selling transactions for $3.58 million activity. The insider Holler Thomas R sold $836,537. Canekeratne Kris A had sold 74,000 shares worth $2.13 million on Wednesday, June 7. Modder Roger Keith had sold 24,242 shares worth $705,364.

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