Benin Management Cut Its Allstate (ALL) Position; ZOOM TELEPHONICS (ZMTP) Sellers Decreased By 35.29% Their Shorts

February 12, 2018 - By Nellie Frank

Benin Management Corp decreased Allstate Corp (ALL) stake by 2.8% reported in 2017Q3 SEC filing. Benin Management Corp sold 3,400 shares as Allstate Corp (ALL)’s stock rose 4.59%. The Benin Management Corp holds 118,227 shares with $10.87M value, down from 121,627 last quarter. Allstate Corp now has $32.61B valuation. The stock increased 0.92% or $0.83 during the last trading session, reaching $90.89. About 5.77 million shares traded or 154.69% up from the average. The Allstate Corporation (NYSE:ALL) has risen 25.87% since February 12, 2017 and is uptrending. It has outperformed by 9.17% the S&P500.

ZOOM TELEPHONICS INCORPORATED (OTCMKTS:ZMTP) had a decrease of 35.29% in short interest. ZMTP’s SI was 2,200 shares in February as released by FINRA. Its down 35.29% from 3,400 shares previously. With 36,400 avg volume, 0 days are for ZOOM TELEPHONICS INCORPORATED (OTCMKTS:ZMTP)’s short sellers to cover ZMTP’s short positions. It closed at $2 lastly. It is down 0.00% since February 12, 2017 and is . It has underperformed by 16.70% the S&P500.

Zoom Telephonics, Inc. designs, produces, markets, sells, and supports Internet access and other communications-related products in the United States and internationally. The company has market cap of $30.14 million. It provides mobile broadband modems and routers, asymmetrical digital subscriber line modems, dial-up modems, dial-up modems, DSL modems, cable modems, embedded modems, ISDN modems, telephone dialers, wireless and wired networking equipment, phone jacks and AC power adapters, and language-related specifics. It currently has negative earnings. The firm sells its products through retailers and distributors, Internet and telephone service providers, value-added resellers, PC system integrators, and original equipment manufacturers, as well as through a direct sales force and independent sales agents.

Among 21 analysts covering The Allstate Corporation (NYSE:ALL), 8 have Buy rating, 2 Sell and 11 Hold. Therefore 38% are positive. The Allstate Corporation had 49 analyst reports since August 4, 2015 according to SRatingsIntel. Wood maintained it with “Hold” rating and $88 target in Friday, June 16 report. The stock of The Allstate Corporation (NYSE:ALL) has “Hold” rating given on Monday, August 10 by Deutsche Bank. The stock of The Allstate Corporation (NYSE:ALL) has “Market Perform” rating given on Tuesday, January 9 by Wells Fargo. M Partners maintained The Allstate Corporation (NYSE:ALL) rating on Thursday, August 3. M Partners has “Buy” rating and $11000 target. UBS maintained The Allstate Corporation (NYSE:ALL) on Monday, November 6 with “Neutral” rating. The firm has “Neutral” rating by Macquarie Research given on Wednesday, August 5. The rating was maintained by Credit Suisse with “Outperform” on Tuesday, November 3. The stock of The Allstate Corporation (NYSE:ALL) earned “Mkt Perform” rating by Keefe Bruyette & Woods on Wednesday, March 1. UBS maintained the shares of ALL in report on Tuesday, September 19 with “Neutral” rating. Macquarie Research upgraded the stock to “Outperform” rating in Tuesday, January 19 report.

Investors sentiment increased to 0.91 in Q3 2017. Its up 0.15, from 0.76 in 2017Q2. It increased, as 44 investors sold ALL shares while 300 reduced holdings. 92 funds opened positions while 221 raised stakes. 263.23 million shares or 1.26% less from 266.58 million shares in 2017Q2 were reported. Dupont Cap Corporation has invested 0.09% in The Allstate Corporation (NYSE:ALL). Balasa Dinverno & Foltz Llc owns 10,859 shares. Credit Agricole S A holds 359,895 shares. Rockefeller Financial Services stated it has 0% of its portfolio in The Allstate Corporation (NYSE:ALL). Ckw Fincl Gp invested in 0.01% or 450 shares. Chemical Bank & Trust, a Michigan-based fund reported 42,268 shares. Nuveen Asset Mngmt Lc has invested 0.01% in The Allstate Corporation (NYSE:ALL). Mufg Americas Corp reported 35,237 shares stake. Prudential Public Ltd Com owns 0.75% invested in The Allstate Corporation (NYSE:ALL) for 2.58 million shares. Meiji Yasuda Life Ins Company holds 0.3% or 22,250 shares. Moreover, Atlantic Tru Group Inc Ltd has 0.02% invested in The Allstate Corporation (NYSE:ALL) for 51,537 shares. Utd Service Automobile Association holds 607,618 shares or 0.16% of its portfolio. Tocqueville Asset Lp accumulated 21,835 shares or 0.02% of the stock. Nomura Asset Mgmt Limited owns 79,880 shares. New York State Teachers Retirement Sys has invested 0.15% in The Allstate Corporation (NYSE:ALL).