Atlanticus Holdings (ATLC) Forms $2.43 Double Bottom, Genesis Energy LP (GEL) Shorts Raised By 11.15%

June 12, 2017 - By Louis Casey

Genesis Energy LP (NYSE:GEL) had an increase of 11.15% in short interest. GEL’s SI was 3.98M shares in June as released by FINRA. Its up 11.15% from 3.58M shares previously. With 438,200 avg volume, 9 days are for Genesis Energy LP (NYSE:GEL)’s short sellers to cover GEL’s short positions. The SI to Genesis Energy LP’s float is 3.92%. The stock increased 0.56% or $0.17 during the last trading session, reaching $30.28. About 327,708 shares traded. Genesis Energy, L.P. (NYSE:GEL) has declined 14.17% since June 12, 2016 and is downtrending. It has underperformed by 30.87% the S&P500.

Atlanticus Holdings Corp (ATLC) formed double bottom with $2.33 target or 4.00% below today’s $2.43 share price. Atlanticus Holdings Corp (ATLC) has $32.44M valuation. The stock increased 4.74% or $0.11 on June 12, reaching $2.43. About 10,803 shares traded or 2.49% up from the average. Atlanticus Holdings Corp (NASDAQ:ATLC) has declined 22.51% since June 12, 2016 and is downtrending. It has underperformed by 39.21% the S&P500.

Genesis Energy L.P. is a limited partnership focused on the midstream segment of the gas and oil industry. The company has market cap of $3.74 billion. The Firm operates through four divisions: Offshore Pipeline Transportation, Refinery Services, Marine Transportation, and Supply and Logistics. It has a 33.3 P/E ratio. The Offshore Pipeline Transportation segment is engaged in the offshore transportation of natural gas and crude oil in the Gulf of Mexico.

Investors sentiment decreased to 0.9 in Q4 2016. Its down 0.91, from 1.81 in 2016Q3. It dropped, as 19 investors sold Genesis Energy, L.P. shares while 50 reduced holdings. 18 funds opened positions while 44 raised stakes. 83.41 million shares or 1.01% less from 84.27 million shares in 2016Q3 were reported. Nuveen Asset Ltd Limited Liability Company holds 741,252 shares or 0.14% of its portfolio. Rockefeller Finance Serv Incorporated invested 0% of its portfolio in Genesis Energy, L.P. (NYSE:GEL). Jane Street Group Inc Ltd Llc holds 14,207 shares or 0% of its portfolio. Mariner Wealth Limited Liability holds 0.01% or 6,475 shares. Fdx Advsr Incorporated holds 0.01% or 6,839 shares. Wells Fargo & Co Mn has 591,837 shares. 58,414 are held by Asset Mngmt Incorporated. Hap Trading Ltd holds 0.03% or 16,786 shares. Duff & Phelps Invest Mngmt Company holds 0.5% or 954,800 shares in its portfolio. Usca Ria Ltd Liability has 0.04% invested in Genesis Energy, L.P. (NYSE:GEL) for 7,835 shares. Signaturefd Ltd Com has 0.16% invested in Genesis Energy, L.P. (NYSE:GEL). 14,097 are owned by Invesco Limited. Thrivent Fin For Lutherans owns 200 shares. Hodges Management Inc holds 10,600 shares. Novare Mngmt Limited Liability Corporation holds 0.46% or 52,460 shares in its portfolio.

Among 13 analysts covering Genesis Energy LP (NYSE:GEL), 8 have Buy rating, 0 Sell and 5 Hold. Therefore 62% are positive. Genesis Energy LP had 25 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Overweight” rating on Monday, November 14 by CapitalOne. The rating was upgraded by Credit Suisse on Monday, May 8 to “Outperform”. The company was initiated on Monday, October 17 by CapitalOne. The stock of Genesis Energy, L.P. (NYSE:GEL) earned “Buy” rating by Cowen & Co on Friday, September 25. Wunderlich initiated Genesis Energy, L.P. (NYSE:GEL) on Friday, September 25 with “Buy” rating. The stock of Genesis Energy, L.P. (NYSE:GEL) earned “Buy” rating by Janney Capital on Thursday, October 22. Citigroup maintained Genesis Energy, L.P. (NYSE:GEL) on Thursday, August 4 with “Buy” rating. Credit Suisse maintained Genesis Energy, L.P. (NYSE:GEL) rating on Friday, February 19. Credit Suisse has “Outperform” rating and $46 target. The stock of Genesis Energy, L.P. (NYSE:GEL) earned “Sector Perform” rating by RBC Capital Markets on Friday, February 17. The firm has “Neutral” rating given on Friday, November 4 by Credit Suisse.

Investors sentiment increased to 0.67 in 2016 Q4. Its up 0.04, from 0.63 in 2016Q3. It increased, as 2 investors sold Atlanticus Holdings Corp shares while 4 reduced holdings. 0 funds opened positions while 4 raised stakes. 2.43 million shares or 0.42% less from 2.44 million shares in 2016Q3 were reported. Dimensional Fund Advisors Limited Partnership holds 953,244 shares or 0% of its portfolio. Renaissance Techs reported 0% of its portfolio in Atlanticus Holdings Corp (NASDAQ:ATLC). Deutsche Bancshares Ag, Germany-based fund reported 4,104 shares. Natl Bank Of New York Mellon owns 0% invested in Atlanticus Holdings Corp (NASDAQ:ATLC) for 10,609 shares. Vanguard Grp Inc Inc owns 99,008 shares. Blackrock Advsr Ltd Liability Corporation accumulated 251 shares. Tower Research Capital Ltd Llc (Trc) invested in 297 shares or 0% of the stock. Blackrock Inv Mgmt Ltd Liability Corp holds 0% or 1,038 shares in its portfolio. Blackrock Institutional Com Na accumulated 531,534 shares. Manufacturers Life Insurance The has invested 0% in Atlanticus Holdings Corp (NASDAQ:ATLC). Baldwin Brothers Ma holds 150 shares or 0% of its portfolio. 74,851 are held by Geode Mngmt Limited. Blackrock Incorporated stated it has 0% of its portfolio in Atlanticus Holdings Corp (NASDAQ:ATLC). Wells Fargo And Mn reported 460 shares. Blackrock Fund invested in 0% or 1,610 shares.