November 17, 2016 - By Pete Kolinski · 0 Comments
NB Capital Corp (NYSE:NBD) institutional sentiment decreased to 0.58 in 2016 Q2. Its down -0.34, from 0.92 in 2016Q1. The ratio dived, as 7 hedge funds opened new and increased equity positions, while 12 cut down and sold their equity positions in NB Capital Corp. The hedge funds in our partner’s database reported: 2.43 million shares, down from 2.63 million shares in 2016Q1. Also, the number of hedge funds holding NB Capital Corp in their top 10 equity positions was flat from 1 to 1 for the same number . Sold All: 6 Reduced: 6 Increased: 5 New Position: 2.
Nuveen Build America Bond Opportunity Fund is a diversified closed-end management investment fund. The company has a market cap of $148.00 million. The Fund’s primary investment objective is to provide current income through investments in taxable municipal securities. It currently has negative earnings. The Fund’s secondary investment objective is to seek enhanced portfolio value and total return.
It is down 4.64% since April 15, 2016 and is downtrending. It has underperformed by 9.27% the S&P500.
Tortoise Investment Management Llc holds 7.38% of its portfolio in Nuveen Build America Bond Opp Fund for 933,334 shares. Oxbow Advisors Llc owns 201,374 shares or 0.65% of their US portfolio. Moreover, Sit Investment Associates Inc has 0.4% invested in the company for 657,294 shares. The Illinois-based Rivernorth Capital Management Llc has invested 0.08% in the stock. First Foundation Advisors, a California-based fund reported 31,461 shares.#img1#
Ratings analysis reveals 50% of Norbord’s analysts are positive. Out of 2 Wall Street analysts rating Norbord, 1 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $26 while the high is $43. The stock’s average target of $34.50 is 67.96% above today’s ($20.54) share price. NBD was included in 2 notes of analysts from August 4, 2015. Dundee Securities upgraded the shares of NBD in a report on Tuesday, August 4 to “Neutral” rating. Sidoti initiated Nuveen Build America Bond Opp Fund (NYSE:NBD) rating on Thursday, October 1. Sidoti has “Buy” rating and $43 price target.
More important recent Nuveen Build America Bond Opp Fund (NYSE:NBD) news were published by: Seekingalpha.com which released: “Bill Gross bounce for taxable muni CEFs” on August 03, 2016, also Forbes.com published article titled: “Five Ways Not To Get Killed When Rates Rise”, Businesswire.com published: “Nuveen Announces Results of Closed-End Fund Shareholder Meetings” on August 19, 2014. More interesting news about Nuveen Build America Bond Opp Fund (NYSE:NBD) was released by: Seekingalpha.com and their article: “Ho Ho Ho, Merry Brexit: CEFs On Sale” with publication date: June 27, 2016.
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By Pete Kolinski