Columbia Wanger Asset Management Decreased Verisign (VRSN) Holding By $8.38 Million; Hallmark Financial Services (HALL)’s Sentiment Is 0.82

January 16, 2018 - By Henry Gaston

Hallmark Financial Services, Inc., through its subsidiaries, underwrites, markets, distributes, and services property/casualty insurance products to businesses and individuals in the United States. The company has market cap of $190.84 million. The firm operates in the Standard Commercial, Specialty Commercial, and Personal divisions. It currently has negative earnings. The Standard Commercial segment offers standard commercial lines of insurance products primarily in the non-urban areas of Texas, New Mexico, Idaho, Oregon, Montana, Washington, Utah, Wyoming, Arkansas, Hawaii, and Missouri.

Columbia Wanger Asset Management Llc decreased Verisign Inc (VRSN) stake by 18.46% reported in 2017Q3 SEC filing. Columbia Wanger Asset Management Llc sold 79,082 shares as Verisign Inc (VRSN)’s stock rose 8.37%. The Columbia Wanger Asset Management Llc holds 349,295 shares with $37.16 million value, down from 428,377 last quarter. Verisign Inc now has $11.12B valuation. The stock decreased 0.69% or $0.78 during the last trading session, reaching $112.83. About 331,566 shares traded. VeriSign, Inc. (NASDAQ:VRSN) has risen 7.59% since January 16, 2017 and is uptrending. It has underperformed by 9.11% the S&P500.

Columbia Wanger Asset Management Llc increased Dorman Products Inc (NASDAQ:DORM) stake by 55,208 shares to 260,573 valued at $18.66M in 2017Q3. It also upped Cyberark Software Ltd (NASDAQ:CYBR) stake by 8,618 shares and now owns 581,297 shares. Sps Commerce Inc (NASDAQ:SPSC) was raised too.

Since August 1, 2017, it had 0 insider buys, and 2 selling transactions for $275,145 activity. The insider COTE KATHLEEN A sold $149,905. TOMLINSON TIMOTHY also sold $125,240 worth of VeriSign, Inc. (NASDAQ:VRSN) shares.

Among 6 analysts covering VeriSign (NASDAQ:VRSN), 1 have Buy rating, 2 Sell and 3 Hold. Therefore 17% are positive. VeriSign had 15 analyst reports since July 27, 2015 according to SRatingsIntel. The stock of VeriSign, Inc. (NASDAQ:VRSN) earned “Buy” rating by Topeka Capital Markets on Monday, July 27. The stock of VeriSign, Inc. (NASDAQ:VRSN) earned “Sell” rating by Citigroup on Tuesday, January 5. As per Thursday, August 31, the company rating was maintained by Robert W. Baird. The rating was maintained by Cowen & Co on Friday, October 2 with “Hold”. Citigroup maintained VeriSign, Inc. (NASDAQ:VRSN) rating on Friday, October 27. Citigroup has “Neutral” rating and $111 target. The stock has “Hold” rating by Robert W. Baird on Thursday, October 26. On Friday, October 6 the stock rating was maintained by Robert W. Baird with “Hold”. The stock has “Hold” rating by Cowen & Co on Friday, October 27. On Wednesday, April 12 the stock rating was upgraded by Citigroup to “Neutral”.

Analysts await VeriSign, Inc. (NASDAQ:VRSN) to report earnings on February, 8. They expect $0.89 EPS, up 5.95% or $0.05 from last year’s $0.84 per share. VRSN’s profit will be $87.73 million for 31.69 P/E if the $0.89 EPS becomes a reality. After $0.89 actual EPS reported by VeriSign, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Investors sentiment decreased to 0 in 2017 Q3. Its down 0.09, from 0.09 in 2017Q2. It worsened, as 35 investors sold VRSN shares while 3 reduced holdings. 0 funds opened positions while 0 raised stakes. 39.56 million shares or 15.68% less from 46.92 million shares in 2017Q2 were reported. State Street reported 33.15M shares or 0.01% of all its holdings. Financial Bank Of Nova Scotia invested in 5.56 million shares. Penn Capital Mngmt Com reported 0.05% stake. Bancorporation Of Mellon, a New York-based fund reported 650,000 shares.

The stock increased 1.25% or $0.13 during the last trading session, reaching $10.51. About 5,590 shares traded. Hallmark Financial Services, Inc. (HALL) has risen 0.69% since January 16, 2017 and is uptrending. It has underperformed by 16.01% the S&P500.

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