Kahn Brothers Group Lifted Its Sterling Bancorp (STL) Position; Gratia Capital Has Cut Its Ares Cap (ARCC) Stake

January 14, 2018 - By Richard Conner

Kahn Brothers Group Inc increased Sterling Bancorp (STL) stake by 0.33% reported in 2017Q3 SEC filing. Kahn Brothers Group Inc acquired 3,061 shares as Sterling Bancorp (STL)’s stock declined 13.35%. The Kahn Brothers Group Inc holds 921,840 shares with $22.72 billion value, up from 918,779 last quarter. Sterling Bancorp now has $5.83B valuation. The stock decreased 0.19% or $0.05 during the last trading session, reaching $25.95. About 1.25 million shares traded. Sterling Bancorp (NYSE:STL) has risen 38.62% since January 14, 2017 and is uptrending. It has outperformed by 21.92% the S&P500.

Gratia Capital Llc decreased Ares Cap Corp (ARCC) stake by 34.83% reported in 2017Q3 SEC filing. Gratia Capital Llc sold 144,505 shares as Ares Cap Corp (ARCC)’s stock declined 6.68%. The Gratia Capital Llc holds 270,403 shares with $4.43 million value, down from 414,908 last quarter. Ares Cap Corp now has $6.83 billion valuation. The stock increased 0.69% or $0.11 during the last trading session, reaching $16.03. About 1.84 million shares traded. Ares Capital Corporation (NASDAQ:ARCC) has risen 9.72% since January 14, 2017 and is uptrending. It has underperformed by 6.98% the S&P500.

Investors sentiment decreased to 1.53 in 2017 Q3. Its down 0.11, from 1.64 in 2017Q2. It worsened, as 16 investors sold STL shares while 63 reduced holdings. 43 funds opened positions while 78 raised stakes. 132.33 million shares or 11.84% more from 118.32 million shares in 2017Q2 were reported. Teachers Retirement Sys Of The State Of Kentucky reported 119,064 shares. South Dakota Invest Council accumulated 110,700 shares. Virtu Fin Ltd Limited Liability Company reported 0% in Sterling Bancorp (NYSE:STL). Colorado-based Employees Retirement Association Of Colorado has invested 0.01% in Sterling Bancorp (NYSE:STL). Pennsylvania-based Brinker has invested 0.06% in Sterling Bancorp (NYSE:STL). Deutsche Bancshares Ag invested in 2.04 million shares or 0.03% of the stock. State Of Alaska Department Of Revenue reported 26,923 shares stake. Vanguard holds 0.01% in Sterling Bancorp (NYSE:STL) or 10.68M shares. Mutual Of America Cap Llc reported 0.07% stake. Schwab Charles Invest Management owns 0.01% invested in Sterling Bancorp (NYSE:STL) for 592,042 shares. New York-based Alpine Woods Investors Limited Liability Company has invested 0.02% in Sterling Bancorp (NYSE:STL). Fdx Advisors holds 0.01% or 13,528 shares in its portfolio. Whittier Communication invested in 707 shares or 0% of the stock. Waterstone Ltd Partnership owns 13,935 shares. M&T Natl Bank invested in 0% or 10,640 shares.

Kahn Brothers Group Inc decreased Hologic (NASDAQ:HOLX) stake by 67,649 shares to 731,816 valued at $26.85 billion in 2017Q3. It also reduced Citigroup stake by 21,826 shares and now owns 1.00 million shares. New York Community (NYSE:NYCB) was reduced too.

Among 12 analysts covering Sterling Bancorp (NYSE:STL), 9 have Buy rating, 0 Sell and 3 Hold. Therefore 75% are positive. Sterling Bancorp had 34 analyst reports since August 3, 2015 according to SRatingsIntel. The stock of Sterling Bancorp (NYSE:STL) has “Buy” rating given on Thursday, September 7 by Keefe Bruyette & Woods. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Thursday, July 27 report. The stock of Sterling Bancorp (NYSE:STL) has “Neutral” rating given on Wednesday, November 16 by Piper Jaffray. Jefferies maintained Sterling Bancorp (NYSE:STL) rating on Friday, September 29. Jefferies has “Buy” rating and $28.0 target. The firm has “Market Perform” rating by Hovde Group given on Monday, January 9. The company was maintained on Tuesday, October 3 by Piper Jaffray. On Thursday, July 13 the stock rating was maintained by Piper Jaffray with “Buy”. On Wednesday, January 11 the stock rating was upgraded by Piper Jaffray to “Overweight”. On Tuesday, August 18 the stock rating was downgraded by Zacks to “Buy”. The company was maintained on Tuesday, May 30 by RBC Capital Markets.

Investors sentiment decreased to 0.96 in 2017 Q3. Its down 0.17, from 1.13 in 2017Q2. It dropped, as 55 investors sold ARCC shares while 104 reduced holdings. 35 funds opened positions while 118 raised stakes. 161.57 million shares or 5.32% less from 170.64 million shares in 2017Q2 were reported. Principal Fincl Gp invested 0.09% of its portfolio in Ares Capital Corporation (NASDAQ:ARCC). Sumitomo Mitsui Tru Hldgs has 10,163 shares. Green Square Capital Ltd reported 381,953 shares. First Allied Advisory has 28,139 shares. Arrowstreet Cap Ltd Partnership reported 0.09% stake. Baltimore has invested 2.01% in Ares Capital Corporation (NASDAQ:ARCC). Trexquant Inv LP has 13,896 shares for 0.06% of their portfolio. Prudential Fincl owns 19,306 shares. Moreover, Veritable Ltd Partnership has 0% invested in Ares Capital Corporation (NASDAQ:ARCC). 1,150 are held by Perigon Wealth Mngmt Ltd Co. Private Company Na accumulated 29,538 shares. Essex Service holds 0.1% or 24,315 shares. Weybosset And Management Limited Liability holds 0.3% or 27,079 shares in its portfolio. Ftb Advisors Inc owns 0% invested in Ares Capital Corporation (NASDAQ:ARCC) for 736 shares. Alexandria Cap Ltd Company owns 696 shares.

Analysts await Ares Capital Corporation (NASDAQ:ARCC) to report earnings on February, 28. They expect $0.37 EPS, down 11.90% or $0.05 from last year’s $0.42 per share. ARCC’s profit will be $157.74 million for 10.83 P/E if the $0.37 EPS becomes a reality. After $0.36 actual EPS reported by Ares Capital Corporation for the previous quarter, Wall Street now forecasts 2.78% EPS growth.

Among 17 analysts covering Ares Capital (NASDAQ:ARCC), 12 have Buy rating, 0 Sell and 5 Hold. Therefore 71% are positive. Ares Capital had 26 analyst reports since August 21, 2015 according to SRatingsIntel. DA Davidson initiated the stock with “Buy” rating in Wednesday, September 30 report. UBS maintained Ares Capital Corporation (NASDAQ:ARCC) on Thursday, August 18 with “Buy” rating. The company was maintained on Wednesday, June 14 by Keefe Bruyette & Woods. The firm earned “Buy” rating on Thursday, October 5 by Keefe Bruyette & Woods. BMO Capital Markets maintained the shares of ARCC in report on Wednesday, May 31 with “Hold” rating. As per Tuesday, June 28, the company rating was initiated by National Securities. RBC Capital Markets maintained the shares of ARCC in report on Friday, November 3 with “Hold” rating. The stock has “Outperform” rating by Macquarie Research on Thursday, October 1. The firm has “Buy” rating by Keefe Bruyette & Woods given on Sunday, July 23. Raymond James upgraded Ares Capital Corporation (NASDAQ:ARCC) on Friday, August 28 to “Outperform” rating.

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