Independent Bk Mass (INDB) Holder Rockland Trust Co Has Raised Its Position by $2.76 Million as Market Value Declined; Rutabaga Capital Management Has Increased Its Stake in Xerium Technologies (XRM) by $2.71 Million

February 17, 2018 - By Henry Gaston

Rockland Trust Co increased its stake in Independent Bk Corp Mass (INDB) by 12.79% based on its latest 2017Q3 regulatory filing with the SEC. Rockland Trust Co bought 64,150 shares as the company’s stock declined 4.08% while stock markets rallied. The institutional investor held 565,848 shares of the major banks company at the end of 2017Q3, valued at $24.47 million, up from 501,698 at the end of the previous reported quarter. Rockland Trust Co who had been investing in Independent Bk Corp Mass for a number of months, seems to be bullish on the $2.00 billion market cap company. The stock increased 2.10% or $1.5 during the last trading session, reaching $72.85. About 56,556 shares traded. Independent Bank Corp. (NASDAQ:INDB) has risen 30.83% since February 17, 2017 and is uptrending. It has outperformed by 14.13% the S&P500.




Peter Schliemann increased its stake in Xerium Technologies Inc. (XRM) by 233.29% based on its latest 2017Q3 regulatory filing with the SEC. Rutabaga Capital Management Llc bought 677,012 shares as the company’s stock rose 32.64% with the market. The hedge fund run by Peter Schliemann held 967,208 shares of the basic industries company at the end of 2017Q3, valued at $4.62 million, up from 290,196 at the end of the previous reported quarter. Rutabaga Capital Management Llc who had been investing in Xerium Technologies Inc. for a number of months, seems to be bullish on the $91.33 million market cap company. The stock decreased 0.89% or $0.05 during the last trading session, reaching $5.58. About 78,965 shares traded. Xerium Technologies, Inc. (NYSE:XRM) has risen 21.00% since February 17, 2017 and is uptrending. It has outperformed by 4.30% the S&P500.

Investors sentiment decreased to 1.17 in Q3 2017. Its down 0.46, from 1.63 in 2017Q2. It dropped, as 9 investors sold INDB shares while 43 reduced holdings. 15 funds opened positions while 46 raised stakes. 21.80 million shares or 4.23% more from 20.92 million shares in 2017Q2 were reported. 12,738 were reported by Citigroup Incorporated. Aperio Grp Ltd Com stated it has 9,928 shares. Barclays Public Ltd Co holds 674 shares. California Public Employees Retirement System invested in 0% or 27,511 shares. First Mercantile Tru holds 0.02% or 1,350 shares in its portfolio. Wasatch Advsr has invested 0.56% in Independent Bank Corp. (NASDAQ:INDB). Natl Bank Of Montreal Can invested in 3,381 shares or 0% of the stock. Delta Asset Mngmt Ltd Com Tn reported 690 shares or 0.01% of all its holdings. Us Financial Bank De stated it has 0% of its portfolio in Independent Bank Corp. (NASDAQ:INDB). Sei Investments owns 2,697 shares. Denver Inv Lc stated it has 221,256 shares. Louisiana State Employees Retirement owns 11,100 shares. Schwab Charles Invest Inc reported 121,092 shares. Comerica Bancshares has 0.01% invested in Independent Bank Corp. (NASDAQ:INDB). Geode Cap Mngmt Ltd Liability Co accumulated 240,120 shares.

Among 8 analysts covering Independent Bank (NASDAQ:INDB), 1 have Buy rating, 1 Sell and 6 Hold. Therefore 13% are positive. Independent Bank had 23 analyst reports since July 20, 2015 according to SRatingsIntel. Compass Point downgraded the shares of INDB in report on Tuesday, September 20 to “Sell” rating. The stock of Independent Bank Corp. (NASDAQ:INDB) earned “Hold” rating by Keefe Bruyette & Woods on Friday, October 20. The firm earned “Hold” rating on Thursday, December 21 by Keefe Bruyette & Woods. The rating was upgraded by Compass Point on Wednesday, March 29 to “Neutral”. The firm has “Hold” rating by Keefe Bruyette & Woods given on Monday, June 26. The rating was maintained by Keefe Bruyette & Woods on Tuesday, October 3 with “Hold”. The company was downgraded on Wednesday, October 11 by Compass Point. Compass Point upgraded Independent Bank Corp. (NASDAQ:INDB) rating on Friday, January 22. Compass Point has “Buy” rating and $47 target. Piper Jaffray maintained the stock with “Hold” rating in Monday, July 24 report. The firm has “Neutral” rating by Compass Point given on Friday, October 16.

Since October 25, 2017, it had 0 insider buys, and 4 selling transactions for $264,428 activity. Abelli Donna L sold $43,302 worth of stock. Shares for $85,526 were sold by MISKELL EILEEN C on Wednesday, October 25. ODDLEIFSON CHRISTOPHER sold $87,125 worth of stock.

Investors sentiment increased to 1.21 in Q3 2017. Its up 0.40, from 0.81 in 2017Q2. It increased, as 3 investors sold XRM shares while 16 reduced holdings. 12 funds opened positions while 11 raised stakes. 10.10 million shares or 3.33% less from 10.45 million shares in 2017Q2 were reported. Royal Bancshares Of Canada invested in 0% or 6 shares. State Street Corp has 10,497 shares for 0% of their portfolio. Archer Lp holds 21,530 shares or 0.05% of its portfolio. Renaissance Tech Limited Liability reported 0% stake. Bessemer Grp owns 9,303 shares or 0% of their US portfolio. Redwood Ltd Company holds 132,423 shares. Connor Clark & Lunn Invest Limited has 36,400 shares. Gsa Prtnrs Limited Liability Partnership invested in 0.01% or 21,392 shares. Pinnacle Company stated it has 0.09% of its portfolio in Xerium Technologies, Inc. (NYSE:XRM). Geode Cap Limited Liability Company holds 0% or 58,265 shares. Weber Alan W holds 0.17% of its portfolio in Xerium Technologies, Inc. (NYSE:XRM) for 77,258 shares. Robotti Robert has 0.4% invested in Xerium Technologies, Inc. (NYSE:XRM). The New York-based Goldman Sachs Grp has invested 0% in Xerium Technologies, Inc. (NYSE:XRM). Northern Trust holds 0% or 23,280 shares. Vanguard Group Inc Incorporated holds 0% of its portfolio in Xerium Technologies, Inc. (NYSE:XRM) for 415,221 shares.

Rutabaga Capital Management Llc, which manages about $1.07 billion and $468.96M US Long portfolio, decreased its stake in Patriot Transportation Holding by 17,867 shares to 16,743 shares, valued at $334,000 in 2017Q3, according to the filing. It also reduced its holding in Global Power Equipment Group (NYSE:GLPW) by 400,799 shares in the quarter, leaving it with 127,692 shares, and cut its stake in The Container Store Group Inc (NYSE:TCS).

Since September 1, 2017, it had 0 buys, and 1 insider sale for $24,160 activity.

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