Madison Covered Call & Equity Strtgy Fd (MCN) Reaches $7.95 Formed H&S, Raging Capital Management Has Lowered By $23.17 Million Its Orbcomm (ORBC) Stake

July 17, 2017 - By Louis Casey

Raging Capital Management Llc decreased Orbcomm Inc (ORBC) stake by 72.35% reported in 2016Q4 SEC filing. Raging Capital Management Llc sold 2.90M shares as Orbcomm Inc (ORBC)’s stock rose 16.75%. The Raging Capital Management Llc holds 1.11M shares with $9.16M value, down from 4.00 million last quarter. Orbcomm Inc now has $825.63M valuation. The stock increased 0.35% or $0.04 on July 14, reaching $11.48. About shares traded. ORBCOMM Inc (NASDAQ:ORBC) has risen 5.18% since July 17, 2016 and is uptrending. It has underperformed by 11.52% the S&P500.

Madison Covered Call & Equity Strtgy Fd (MCN) formed H&S with $7.31 target or 8.00% below today’s $7.95 share price. Madison Covered Call & Equity Strtgy Fd (MCN) has $153.18M valuation. It closed at $7.95 lastly. It is down 6.33% since July 17, 2016 and is uptrending. It has underperformed by 10.37% the S&P500.

Investors sentiment increased to 1.08 in 2016 Q4. Its up 0.08, from 1 in 2016Q3. It increased, as 2 investors sold Madison Covered Call & Equity Strtgy Fd shares while 10 reduced holdings. 5 funds opened positions while 8 raised stakes. 7.60 million shares or 1.57% more from 7.48 million shares in 2016Q3 were reported. Regentatlantic Capital Ltd Liability invested in 13,295 shares or 0.01% of the stock. Oarsman Capital Inc stated it has 44,782 shares. Amer Capital Management holds 0.01% of its portfolio in Madison Covered Call & Equity Strtgy Fd (NYSE:MCN) for 10,000 shares. Moreover, Confluence Wealth Management Limited Liability Co has 0.13% invested in Madison Covered Call & Equity Strtgy Fd (NYSE:MCN). Cambridge Inv Research Advsr holds 0% or 23,463 shares. Royal Bank Of Canada reported 0% stake. Raymond James Assoc holds 0% of its portfolio in Madison Covered Call & Equity Strtgy Fd (NYSE:MCN) for 18,533 shares. 730 are owned by Ancora Advsrs Limited Liability Corporation. Morgan Stanley holds 467,228 shares or 0% of its portfolio. 1.42 million were reported by Punch Assocs Inv. Karpus Management Inc owns 0.72% invested in Madison Covered Call & Equity Strtgy Fd (NYSE:MCN) for 1.64M shares. Private Advisor Group Ltd Liability Corporation has 97,487 shares for 0.02% of their portfolio. Stifel Corp, Missouri-based fund reported 24,821 shares. Lpl Fin Limited Liability reported 110,542 shares or 0.01% of all its holdings. Millennium Mngmt Limited Liability Company owns 0% invested in Madison Covered Call & Equity Strtgy Fd (NYSE:MCN) for 11,077 shares.

Investors sentiment decreased to 1.06 in Q4 2016. Its down 0.82, from 1.88 in 2016Q3. It dived, as 15 investors sold ORBC shares while 32 reduced holdings. 18 funds opened positions while 32 raised stakes. 53.99 million shares or 2.47% less from 55.36 million shares in 2016Q3 were reported. Boothbay Fund Mngmt Limited Com has invested 0.16% in ORBCOMM Inc (NASDAQ:ORBC). Gabelli Funds accumulated 0% or 28,000 shares. Voya Inv Mgmt Limited Liability Co reported 23,071 shares. Highbridge Mgmt Llc holds 0.01% of its portfolio in ORBCOMM Inc (NASDAQ:ORBC) for 53,676 shares. Vanguard Gp Inc holds 4.98 million shares. California State Teachers Retirement System invested 0% of its portfolio in ORBCOMM Inc (NASDAQ:ORBC). State Street owns 1.13M shares. Goodman Financial, a Texas-based fund reported 549,116 shares. Cubist Systematic Strategies Ltd has invested 0.01% in ORBCOMM Inc (NASDAQ:ORBC). Hsbc Holdings Plc holds 0% in ORBCOMM Inc (NASDAQ:ORBC) or 11,136 shares. Loring Wolcott Coolidge Fiduciary Advisors Ltd Liability Partnership Ma accumulated 5,000 shares. Moreover, Dimensional Fund Advsrs LP has 0.02% invested in ORBCOMM Inc (NASDAQ:ORBC). State Board Of Administration Of Florida Retirement accumulated 19,045 shares or 0% of the stock. Rhumbline Advisers holds 69,369 shares or 0% of its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) invested in 0% or 2,588 shares.

Among 4 analysts covering ORBCOMM (NASDAQ:ORBC), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. ORBCOMM had 6 analyst reports since March 14, 2016 according to SRatingsIntel. The company was maintained on Wednesday, July 12 by Canaccord Genuity. Northland Capital maintained the stock with “Outperform” rating in Monday, March 14 report. On Friday, May 26 the stock rating was maintained by Canaccord Genuity with “Buy”. Macquarie Research initiated ORBCOMM Inc (NASDAQ:ORBC) on Monday, October 31 with “Outperform” rating. Canaccord Genuity maintained ORBCOMM Inc (NASDAQ:ORBC) rating on Monday, June 12. Canaccord Genuity has “Buy” rating and $1400 target.

Raging Capital Management Llc increased Radcom Ltd (NASDAQ:RDCM) stake by 265,926 shares to 486,277 valued at $8.66M in 2016Q4. It also upped Cavium Inc (NASDAQ:CAVM) stake by 58,416 shares and now owns 277,234 shares. Trex Co Inc (Put) (NYSE:TREX) was raised too.

Since February 1, 2017, it had 0 insider buys, and 10 insider sales for $1.14 million activity. $13,497 worth of ORBCOMM Inc (NASDAQ:ORBC) shares were sold by Eisenberg Marc. Shares for $49,490 were sold by Eisenberg Jerome B.

Analysts await ORBCOMM Inc (NASDAQ:ORBC) to report earnings on August, 3. They expect $-0.07 EPS, down 16.67% or $0.01 from last year’s $-0.06 per share. After $-0.05 actual EPS reported by ORBCOMM Inc for the previous quarter, Wall Street now forecasts 40.00% negative EPS growth.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: