Ofs Cap (OFS) Holder Punch & Associates Investment Management Boosted Its Holding; As Gilead Sciences (GILD) Market Valuation Declined, Next Financial Group Trimmed Its Stake by $851,148

February 17, 2018 - By Marie Mckinney

Next Financial Group Inc decreased its stake in Gilead Sciences Inc (GILD) by 63.3% based on its latest 2017Q3 regulatory filing with the SEC. Next Financial Group Inc sold 10,508 shares as the company’s stock declined 8.05% while stock markets rallied. The institutional investor held 6,092 shares of the health care company at the end of 2017Q3, valued at $494,000, down from 16,600 at the end of the previous reported quarter. Next Financial Group Inc who had been investing in Gilead Sciences Inc for a number of months, seems to be less bullish one the $105.42B market cap company. The stock decreased 1.04% or $0.85 during the last trading session, reaching $80.7. About 7.55 million shares traded. Gilead Sciences, Inc. (NASDAQ:GILD) has declined 21.80% since February 17, 2017 and is downtrending. It has underperformed by 38.50% the S&P500.

Punch & Associates Investment Management Inc increased its stake in Ofs Cap Corp (OFS) by 11.84% based on its latest 2017Q3 regulatory filing with the SEC. Punch & Associates Investment Management Inc bought 28,990 shares as the company’s stock declined 2.55% while stock markets rallied. The hedge fund held 273,740 shares of the company at the end of 2017Q3, valued at $3.61 million, up from 244,750 at the end of the previous reported quarter. Punch & Associates Investment Management Inc who had been investing in Ofs Cap Corp for a number of months, seems to be bullish on the $152.02M market cap company. The stock decreased 0.61% or $0.07 during the last trading session, reaching $11.4. About 63,373 shares traded or 16.02% up from the average. OFS Capital Corporation (NASDAQ:OFS) has risen 5.68% since February 17, 2017 and is uptrending. It has underperformed by 11.02% the S&P500.




Punch & Associates Investment Management Inc, which manages about $832.72M and $1.13 billion US Long portfolio, decreased its stake in Stonecastle Finl Corp (NASDAQ:BANX) by 18,353 shares to 529,848 shares, valued at $10.94M in 2017Q3, according to the filing. It also reduced its holding in Blackstone Gso Strategic Cr (BGB) by 150,800 shares in the quarter, leaving it with 169,159 shares, and cut its stake in Techtarget Inc (NASDAQ:TTGT).

Among 3 analysts covering OFS Capital Corp (NASDAQ:OFS), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. OFS Capital Corp had 6 analyst reports since August 12, 2015 according to SRatingsIntel. On Wednesday, August 12 the stock rating was upgraded by Zacks to “Hold”. The rating was upgraded by Janney Capital to “Buy” on Wednesday, April 27. Robert W. Baird downgraded the stock to “Neutral” rating in Monday, August 7 report. Robert W. Baird maintained the stock with “Hold” rating in Friday, November 3 report. The stock of OFS Capital Corporation (NASDAQ:OFS) earned “Buy” rating by Ladenburg Thalmann on Monday, March 27. The stock of OFS Capital Corporation (NASDAQ:OFS) earned “Outperform” rating by Robert W. Baird on Tuesday, December 20.

Investors sentiment decreased to 0.67 in Q3 2017. Its down 0.09, from 0.76 in 2017Q2. It is negative, as 7 investors sold OFS shares while 8 reduced holdings. 1 funds opened positions while 9 raised stakes. 2.92 million shares or 3.10% less from 3.01 million shares in 2017Q2 were reported. Retail Bank Of America De accumulated 3,525 shares. Jpmorgan Chase & reported 91,112 shares. Janney Montgomery Scott Lc owns 141,339 shares. Us Bancorporation De has 2,350 shares. Freestone Ltd Liability Corporation accumulated 149,857 shares or 0.14% of the stock. Moreover, Lsv Asset Management has 0% invested in OFS Capital Corporation (NASDAQ:OFS) for 21,400 shares. 140,036 were accumulated by Millennium Limited Com. Ares Limited Co, a California-based fund reported 174,296 shares. Morgan Stanley reported 116,331 shares. Mckinley Cap Mgmt Lc Delaware, a Unknown-based fund reported 143,558 shares. Punch And Associates Invest Mngmt holds 0.32% in OFS Capital Corporation (NASDAQ:OFS) or 273,740 shares. Yakira Cap Mgmt Inc has invested 0.15% in OFS Capital Corporation (NASDAQ:OFS). Corsair Mngmt Limited Partnership invested in 25,355 shares. Buckhead Capital Mgmt Ltd Limited Liability Company has 92,050 shares. Manufacturers Life Insur The holds 0% in OFS Capital Corporation (NASDAQ:OFS) or 77 shares.

Since August 30, 2017, it had 0 buys, and 13 selling transactions for $51.09 million activity. The insider Meyers James R sold 100,000 shares worth $8.02 million. 51,820 Gilead Sciences, Inc. (NASDAQ:GILD) shares with value of $4.40 million were sold by Washington Robin L. $3.68 million worth of Gilead Sciences, Inc. (NASDAQ:GILD) shares were sold by MARTIN JOHN C.

Investors sentiment increased to 1.03 in 2017 Q3. Its up 0.10, from 0.93 in 2017Q2. It increased, as 96 investors sold GILD shares while 488 reduced holdings. 127 funds opened positions while 474 raised stakes. 957.62 million shares or 2.06% more from 938.32 million shares in 2017Q2 were reported. City stated it has 24,455 shares. Cordasco Fincl Net holds 100 shares. Regentatlantic Capital Ltd Liability Com has invested 0.39% in Gilead Sciences, Inc. (NASDAQ:GILD). Gm Advisory Gru Inc reported 3,121 shares. Price T Rowe Associate Md accumulated 18.56M shares. Summit invested in 0.59% or 42,500 shares. Highstreet Asset Management, Ontario – Canada-based fund reported 26,032 shares. Ci Glob Investments reported 59,658 shares stake. Rothschild Asset Incorporated reported 0.75% of its portfolio in Gilead Sciences, Inc. (NASDAQ:GILD). Pax Ww Mgmt Limited Company invested 0.84% in Gilead Sciences, Inc. (NASDAQ:GILD). Balasa Dinverno & Foltz holds 0.28% or 22,319 shares. Meiji Yasuda Life holds 0.48% of its portfolio in Gilead Sciences, Inc. (NASDAQ:GILD) for 40,478 shares. Btr, California-based fund reported 45,683 shares. Philadelphia Tru Company holds 19,271 shares or 0.13% of its portfolio. Regent Mgmt Limited Liability has 0.54% invested in Gilead Sciences, Inc. (NASDAQ:GILD).

Next Financial Group Inc, which manages about $1.77B and $359.28M US Long portfolio, upped its stake in Unitil Corp (NYSE:UTL) by 10,878 shares to 60,874 shares, valued at $3.16M in 2017Q3, according to the filing. It also increased its holding in Home Depot Inc (NYSE:HD) by 3,311 shares in the quarter, for a total of 25,067 shares, and has risen its stake in Synchrony Finl (NYSE:SYF).

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