Short Interest of The Day: It Seems Stonegate Mortgage Corporation (NYSE:SGM) Will Go Up. Just Reported Less Shorted Shares

November 15, 2016 - By Linda Rogers   ·   0 Comments

Short Interest of The Day: It Seems Stonegate Mortgage Corporation (NYSE:SGM) Will Go Up. Just Reported Less Shorted Shares

The stock of Stonegate Mortgage Corporation (NYSE:SGM) registered a decrease of 2.79% in short interest. SGM’s total short interest was 514,900 shares in November as published by FINRA. Its down 2.79% from 529,700 shares, reported previously. With 59,000 shares average volume, it will take short sellers 9 days to cover their SGM’s short positions. The short interest to Stonegate Mortgage Corporation’s float is 4.25%. About 65,391 shares traded hands or 311.91% up from the average. Stonegate Mortgage Corp (NYSE:SGM) has declined 21.74% since April 13, 2016 and is downtrending. It has underperformed by 25.67% the S&P500.

Stonegate Mortgage Corporation is a non-bank mortgage company. The company has a market cap of $130.52 million. The Firm is focused on originating, financing and servicing the United States residential mortgage loans. It currently has negative earnings. The Company’s divisions include Originations, Servicing, Financing and Other.

Insitutional Activity: The institutional sentiment decreased to 0.61 in Q2 2016. Its down 1.03, from 1.64 in 2016Q1. The ratio is negative, as 18 funds sold all Stonegate Mortgage Corp shares owned while 13 reduced positions. 10 funds bought stakes while 9 increased positions. They now own 10.82 million shares or 9.63% less from 11.98 million shares in 2016Q1.
Bank Of America Corporation De holds 0% or 20,440 shares in its portfolio. Financial Group Inc Inc holds 0.67% or 2.60 million shares in its portfolio. Vanguard Grp Inc Inc Inc, a Pennsylvania-based fund reported 406,752 shares. Maltese Capital Ltd Liability Company holds 0.17% or 407,186 shares in its portfolio. Deutsche Comml Bank Ag has 16,697 shares for 0% of their US portfolio. Mackenzie Corp last reported 45,721 shares in the company. Credit Suisse Ag owns 37,943 shares or 0% of their US portfolio. Whitebox Advisors Llc has 0% invested in the company for 20,146 shares. Ig Limited accumulated 76,261 shares or 0% of the stock. Waterstone Cap Management Limited Partnership has 647,425 shares for 1.03% of their US portfolio. The Massachusetts-based Eagle Boston Inv Mngmt has invested 0.18% in Stonegate Mortgage Corp (NYSE:SGM). Barclays Public Ltd Company holds 1,576 shares or 0% of its portfolio. Long Pond Cap Ltd Partnership accumulated 0.4% or 2.51M shares. Cornerstone Cap Mngmt Limited Liability Corporation owns 2,900 shares or 0% of their US portfolio. Millennium Mgmt Ltd Liability has 49,074 shares for 0% of their US portfolio.

Stonegate Mortgage Corp (NYSE:SGM) Ratings Coverage

Out of 7 analysts covering Stonegate Mortgage Corporation (NYSE:SGM), 3 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 43% are positive. Stonegate Mortgage Corporation has been the topic of 10 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The firm earned “Equal-Weight” rating on Monday, August 10 by Barclays Capital. The firm earned “Outperform” rating on Monday, November 9 by FBR Capital. FBR Capital upgraded it to “Outperform” rating and $10 target price in Monday, August 31 report. The stock of Stonegate Mortgage Corp (NYSE:SGM) has “Buy” rating given on Tuesday, August 11 by Bank of America. Credit Suisse downgraded the stock to “Neutral” rating in Wednesday, January 6 report.

SGM Company Profile

Stonegate Mortgage Corporation, incorporated on July 8, 1976, is a non-bank mortgage company. The Firm is focused on originating, financing and servicing the United States residential mortgage loans. The Company’s divisions include Originations, Servicing, Financing and Other. The Originations segment primarily originates and sells residential mortgage loans, which conform to the underwriting guidelines of the government sponsored enterprises (GSEs) and government agencies, and non-agency whole loan investors. The Servicing segment includes loan administration, collection and default activities, including the collection and remittance of loan payments, responding to customer inquiries, collection of principal and interest payments, and holding custodial funds for the payment of property taxes and insurance premiums. The Financing segment includes warehouse-lending activities to correspondent clients by the Company’s subsidiary, NattyMac, LLC (NattyMac).

More news for Stonegate Mortgage Corp (NYSE:SGM) were recently published by: Quotes.Wsj.com, which released: “News Stonegate Mortgage Corp.SGM” on February 11, 2011. Businesswire.com‘s article titled: “Stonegate Mortgage Corporation Announces the Appointment of Richard A. Kraemer …” and published on August 31, 2015 is yet another important article.

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By Linda Rogers


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