Saratoga Invt (SAR) Stake Held by Black Diamond Capital Management Llc; Weiss Multi-Strategy Advisers Has Lowered Its First Horizon National Corp. (FHN) Holding by $7.20 Million

June 17, 2018 - By Hazel Jackson

First Horizon National Corporation (NYSE:FHN) Logo

Weiss Multi-Strategy Advisers Llc decreased its stake in First Horizon National Corp. (FHN) by 80% based on its latest 2018Q1 regulatory filing with the SEC. Weiss Multi-Strategy Advisers Llc sold 400,000 shares as the company’s stock declined 3.76% with the market. The hedge fund held 100,000 shares of the major banks company at the end of 2018Q1, valued at $1.88M, down from 500,000 at the end of the previous reported quarter. Weiss Multi-Strategy Advisers Llc who had been investing in First Horizon National Corp. for a number of months, seems to be less bullish one the $6.24B market cap company. The stock decreased 0.16% or $0.03 during the last trading session, reaching $19.07. About 6.34M shares traded or 81.45% up from the average. First Horizon National Corporation (NYSE:FHN) has risen 10.51% since June 17, 2017 and is uptrending. It has underperformed by 2.06% the S&P500. Some Historical FHN News: 13/04/2018 – FIRST HORIZON NATIONAL CORP – QTRLY TOTAL REV $437.2 MLN VS $306.6 MLN LAST YEAR; 13/04/2018 – FIRST HORIZON 1Q NET INTEREST MARGIN 3.43%, EST. 3.33%; 10/05/2018 – First Horizon Presenting at Barclays Conference May 15; 13/04/2018 – FIRST HORIZON 1Q ADJ EPS 34C; 14/05/2018 – First Horizon Presenting at Barclays Conference Tomorrow; 12/04/2018 – First Horizon Closes Above 200-Day Moving Average: Technicals; 05/04/2018 – FIRST HORIZON NATIONAL CORP FHN.N : WELLS FARGO RAISES TO OUTPERFORM FROM MARKET PERFORM; 13/04/2018 – First Horizon 1Q Noninterest Income $135.9M; 09/05/2018 – First Horizon National Corp. to participate in 2018 Barclays Americas Select Franchise Conference on May 15; 03/04/2018 – First Horizon National Corp. to announce financial results and host conference call on April 13




Black Diamond Capital Management Llc increased its stake in Saratoga Invt Corp (SAR) by 2.12% based on its latest 2018Q1 regulatory filing with the SEC. Black Diamond Capital Management Llc bought 15,094 shares as the company’s stock rose 9.39% while stock markets declined. The hedge fund held 728,454 shares of the company at the end of 2018Q1, valued at $15.16M, up from 713,360 at the end of the previous reported quarter. Black Diamond Capital Management Llc who had been investing in Saratoga Invt Corp for a number of months, seems to be bullish on the $155.05M market cap company. The stock increased 3.01% or $0.72 during the last trading session, reaching $24.68. About 20,912 shares traded or 39.24% up from the average. Saratoga Investment Corp. (NYSE:SAR) has risen 7.20% since June 17, 2017 and is uptrending. It has underperformed by 5.37% the S&P500. Some Historical SAR News: 14/05/2018 – SARATOGA INVESTMENT CORP QTRLY NET INVESTMENT INCOME PER SHARE $0.53; 08/03/2018 – Saratoga Springs Plastic Surgeon Named 2018 “Top Doctor” in Albany, NY Metro Area; 14/05/2018 – SARATOGA INVESTMENT CORP QTRLY ADJUSTED NET INVESTMENT INCOME PER SHARE $0.60; 07/03/2018 SARATOGA HOSPITAL PARTNERS W/ PHILIPS; 07/03/2018 – KONINKLIJKE PHILIPS NV PHG.AS ANNOUNCES INTEGRATION OF PHILIPS INTELLIVUE GUARDIAN INTO GENERAL CARE UNITS OF SARATOGA HOSPITAL; 30/05/2018 – Saratoga Investment Corp. Increases Quarterly Dividend To $0.51 Per Share; 14/05/2018 – SARATOGA INVESTMENT CORP – FOR QTR ENDED FEB 28, AUM WAS $342.7 MLN VS $338.8 MLN FOR QTR ENDED NOVEMBER 30, 2017; 18/05/2018 – Sandestin Investments Taps Highgate to Manage New Hotel; 08/03/2018 – Saratoga Springs Plastic Surgeon Named 2018 “Top Doctor” in Albany, NY Metro Area; 30/05/2018 – Saratoga Investment Raises Dividend to 51c Vs. 50c

Since January 29, 2018, it had 0 insider buys, and 4 insider sales for $5.16 million activity. $609,516 worth of First Horizon National Corporation (NYSE:FHN) was sold by Foss Peter N. 22,389 shares were sold by Daniel John M, worth $443,003.

Investors sentiment decreased to 1.44 in Q1 2018. Its down 1.22, from 2.66 in 2017Q4. It dived, as 29 investors sold FHN shares while 73 reduced holdings. 45 funds opened positions while 102 raised stakes. 265.51 million shares or 1.06% more from 262.71 million shares in 2017Q4 were reported. Mutual Of America Cap Management Ltd Company owns 270,094 shares or 0.08% of their US portfolio. Moreover, Hudson Bay Cap Mgmt Limited Partnership has 0.1% invested in First Horizon National Corporation (NYSE:FHN). Arizona State Retirement System holds 0.04% or 221,134 shares. Liberty Mutual Asset Mgmt Incorporated has invested 0.04% in First Horizon National Corporation (NYSE:FHN). Monarch Prtn Asset Ltd Liability accumulated 639,670 shares or 1.12% of the stock. Bailard, California-based fund reported 21,400 shares. Alliancebernstein LP accumulated 175,158 shares. Quantitative Systematic Strategies Limited Company accumulated 0.23% or 58,539 shares. Price T Rowe Associates Inc Md stated it has 0.01% in First Horizon National Corporation (NYSE:FHN). Moreover, Prudential has 0.01% invested in First Horizon National Corporation (NYSE:FHN) for 497,514 shares. Vanguard Group Incorporated Inc holds 0.02% in First Horizon National Corporation (NYSE:FHN) or 27.98 million shares. Security Tru Company reported 9 shares. Ftb Advsrs stated it has 0.62% in First Horizon National Corporation (NYSE:FHN). Timber Hill Limited Liability Company, Connecticut-based fund reported 10,223 shares. Barnett has invested 0.02% in First Horizon National Corporation (NYSE:FHN).

Weiss Multi-Strategy Advisers Llc, which manages about $7.01B and $3.16B US Long portfolio, upped its stake in Allergan Plc by 5,000 shares to 15,000 shares, valued at $2.52M in 2018Q1, according to the filing. It also increased its holding in Wells Fargo Company (Call) (NYSE:WFC) by 537,800 shares in the quarter, for a total of 1.22 million shares, and has risen its stake in Dowdupont Inc.

Among 20 analysts covering First Horizon National Corporation (NYSE:FHN), 13 have Buy rating, 0 Sell and 7 Hold. Therefore 65% are positive. First Horizon National Corporation had 66 analyst reports since July 21, 2015 according to SRatingsIntel. RBC Capital Markets maintained First Horizon National Corporation (NYSE:FHN) on Monday, October 19 with “Sector Perform” rating. On Monday, January 8 the stock rating was maintained by Jefferies with “Buy”. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Tuesday, November 28 report. RBC Capital Markets maintained the stock with “Hold” rating in Friday, July 7 report. The stock of First Horizon National Corporation (NYSE:FHN) has “Outperform” rating given on Wednesday, April 19 by Vining Sparks. The stock of First Horizon National Corporation (NYSE:FHN) has “Hold” rating given on Monday, April 16 by Hovde Group. Bank of America upgraded the stock to “Neutral” rating in Thursday, December 15 report. On Monday, July 18 the stock rating was maintained by Barclays Capital with “Equalweight”. The stock of First Horizon National Corporation (NYSE:FHN) has “Hold” rating given on Wednesday, August 12 by Deutsche Bank. On Thursday, September 7 the stock rating was maintained by RBC Capital Markets with “Hold”.

Another recent and important First Horizon National Corporation (NYSE:FHN) news was published by Bizjournals.com which published an article titled: “Capital Bank announces Charlotte leadership team post-First Horizon merger” on June 12, 2018.

Analysts await First Horizon National Corporation (NYSE:FHN) to report earnings on July, 13. They expect $0.35 EPS, up 29.63% or $0.08 from last year’s $0.27 per share. FHN’s profit will be $114.53M for 13.62 P/E if the $0.35 EPS becomes a reality. After $0.34 actual EPS reported by First Horizon National Corporation for the previous quarter, Wall Street now forecasts 2.94% EPS growth.

Among 3 analysts covering Saratoga Investment Corp (NYSE:SAR), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Saratoga Investment Corp had 6 analyst reports since August 26, 2015 according to SRatingsIntel. The stock of Saratoga Investment Corp. (NYSE:SAR) earned “Neutral” rating by Compass Point on Tuesday, May 29. The stock has “Buy” rating by Compass Point on Friday, October 13. The firm earned “Neutral” rating on Tuesday, July 26 by Compass Point. The stock has “Hold” rating by Zacks on Wednesday, August 26.

Saratoga Investment Corp. (NYSE:SAR) Institutional Positions Chart

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