Orinda Asset Management Lowered Select Income Reit (SIR) Stake; Amtrust Financial Services (AFSI) Shorts Increased By 0.54%

October 13, 2017 - By Maria Brooks

Amtrust Financial Services Incorporated (NASDAQ:AFSI) had an increase of 0.54% in short interest. AFSI’s SI was 16.35 million shares in October as released by FINRA. Its up 0.54% from 16.26M shares previously. With 1.40M avg volume, 12 days are for Amtrust Financial Services Incorporated (NASDAQ:AFSI)’s short sellers to cover AFSI’s short positions. The SI to Amtrust Financial Services Incorporated’s float is 19.76%. About 396,981 shares traded. AmTrust Financial Services Inc (NASDAQ:AFSI) has declined 53.49% since October 13, 2016 and is downtrending. It has underperformed by 70.19% the S&P500.

Orinda Asset Management Llc decreased Select Income Reit (SIR) stake by 15.45% reported in 2017Q2 SEC filing. Orinda Asset Management Llc sold 38,752 shares as Select Income Reit (SIR)’s stock declined 6.57%. The Orinda Asset Management Llc holds 212,071 shares with $5.10M value, down from 250,823 last quarter. Select Income Reit now has $2.20 billion valuation. The stock rose 0.61% or $0.15 reaching $24.62. About 81,991 shares traded. Select Income REIT (NYSE:SIR) has risen 1.22% since October 13, 2016 and is uptrending. It has underperformed by 15.48% the S&P500.

Analysts await Select Income REIT (NASDAQ:SIR) to report earnings on October, 24. They expect $0.69 EPS, 0.00% or $0.00 from last year’s $0.69 per share. SIR’s profit will be $61.66M for 8.92 P/E if the $0.69 EPS becomes a reality. After $0.70 actual EPS reported by Select Income REIT for the previous quarter, Wall Street now forecasts -1.43% negative EPS growth.

Orinda Asset Management Llc increased Pattern Energy Group Inc (NASDAQ:PEGI) stake by 27,315 shares to 127,315 valued at $3.04 million in 2017Q2. It also upped Nuveen Pfd Income Opprtny Fd (JPC) stake by 40,000 shares and now owns 140,000 shares. Whitestone Reit (NYSE:WSR) was raised too.

Investors sentiment decreased to 0.96 in Q2 2017. Its down 0.12, from 1.08 in 2017Q1. It turned negative, as 21 investors sold SIR shares while 64 reduced holdings. 26 funds opened positions while 56 raised stakes. 41.50 million shares or 2.48% less from 42.56 million shares in 2017Q1 were reported. Wells Fargo Com Mn invested in 0% or 229,907 shares. State Of Alaska Department Of Revenue reported 33,220 shares. Ameritas Inv Prns reported 5,478 shares or 0.01% of all its holdings. Rhumbline Advisers invested in 0% or 87,466 shares. Next Financial Inc reported 0% in Select Income REIT (NASDAQ:SIR). Barnett & reported 1,750 shares. Amer Grp Inc owns 39,301 shares. The Netherlands-based Pensionfund Dsm Netherlands has invested 0.47% in Select Income REIT (NASDAQ:SIR). Cambridge Research Advsr holds 0.04% or 100,770 shares. Polaris Mngmt Ltd holds 45,722 shares or 0.06% of its portfolio. Commonwealth Equity Services holds 15,052 shares. Magnetar Fincl Ltd Llc holds 11,106 shares. Goldman Sachs Inc reported 0% of its portfolio in Select Income REIT (NASDAQ:SIR). Moreover, Balyasny Asset Limited Liability Corporation has 0.01% invested in Select Income REIT (NASDAQ:SIR) for 69,557 shares. Schnieders Ltd Liability Corporation stated it has 0.15% in Select Income REIT (NASDAQ:SIR).

Among 4 analysts covering Select Income REIT (NYSE:SIR), 3 have Buy rating, 1 Sell and 0 Hold. Therefore 75% are positive. Select Income REIT had 5 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was downgraded by Morgan Stanley on Thursday, July 23 to “Underweight”. JMP Securities upgraded the stock to “Mkt Outperform” rating in Monday, August 22 report. On Monday, August 22 the stock rating was initiated by FBR Capital with “Outperform”. The rating was initiated by JMP Securities on Tuesday, July 21 with “Market Perform”.

Amtrust Financial Services, Inc. is an insurance holding company. The company has market cap of $2.67 billion. The Company, through its subsidiaries, provides specialty property and casualty insurance focusing on workers’ compensation and commercial package coverage for small business, specialty risk and extended warranty coverage, and property and casualty coverage for middle market business. It has a 13.1 P/E ratio. The Company’s divisions include Small Commercial Business, Specialty Risk and Extended Warranty, and Specialty Program.

Investors sentiment decreased to 0.75 in Q2 2017. Its down 0.43, from 1.18 in 2017Q1. It dived, as 68 investors sold AmTrust Financial Services Inc shares while 49 reduced holdings. 30 funds opened positions while 58 raised stakes. 71.30 million shares or 6.66% less from 76.38 million shares in 2017Q1 were reported. Swiss Natl Bank has invested 0% in AmTrust Financial Services Inc (NASDAQ:AFSI). State Of Alaska Department Of Revenue, a Alaska-based fund reported 9,230 shares. Intact Investment Mgmt Inc reported 0.03% of its portfolio in AmTrust Financial Services Inc (NASDAQ:AFSI). Guggenheim Cap Llc accumulated 222,631 shares. Cornerstone Capital Management Limited Liability holds 0.02% of its portfolio in AmTrust Financial Services Inc (NASDAQ:AFSI) for 156,833 shares. Alpha Cubed Ltd Co has invested 0.03% in AmTrust Financial Services Inc (NASDAQ:AFSI). Amer Gp Incorporated Inc holds 0.01% in AmTrust Financial Services Inc (NASDAQ:AFSI) or 94,142 shares. Barclays Public Lc reported 170,701 shares. Northern Trust Corp has 1.30 million shares. Burney Co accumulated 20,950 shares. Fdx Advsrs Incorporated invested in 0.01% or 16,357 shares. Clearbridge Invs Ltd Co holds 2,411 shares. Lmm Ltd Liability stated it has 15,000 shares or 0.01% of all its holdings. Metropolitan Life Ny stated it has 58,753 shares or 0.01% of all its holdings. Panagora Asset Management reported 630,570 shares.

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