Keeley Asset Management Lowered South Jersey Inds (SJI) Holding; Ballard Power Systems (BLDP) Shorts Down By 2.12%

September 11, 2017 - By Dolores Ford

Keeley Asset Management Corp decreased South Jersey Inds Inc. (SJI) stake by 12.77% reported in 2016Q4 SEC filing. Keeley Asset Management Corp sold 148,735 shares as South Jersey Inds Inc. (SJI)’s stock rose 5.23%. The Keeley Asset Management Corp holds 1.02 million shares with $34.24 million value, down from 1.16M last quarter. South Jersey Inds Inc. now has $2.86 billion valuation. The stock rose 1.30% or $0.46 reaching $35.93. About 75,207 shares traded. South Jersey Industries Inc (NYSE:SJI) has risen 23.64% since September 11, 2016 and is uptrending. It has outperformed by 6.94% the S&P500.

Ballard Power Systems Incorporated (NASDAQ:BLDP) had a decrease of 2.12% in short interest. BLDP’s SI was 2.50 million shares in September as released by FINRA. Its down 2.12% from 2.55M shares previously. With 764,700 avg volume, 3 days are for Ballard Power Systems Incorporated (NASDAQ:BLDP)’s short sellers to cover BLDP’s short positions. The SI to Ballard Power Systems Incorporated’s float is 1.58%. About 1.46M shares traded or 41.75% up from the average. Ballard Power Systems Inc. (USA) (NASDAQ:BLDP) has risen 104.41% since September 11, 2016 and is uptrending. It has outperformed by 87.71% the S&P500.

Since April 3, 2017, it had 0 insider buys, and 1 insider sale for $71,100 activity. $71,100 worth of South Jersey Industries Inc (NYSE:SJI) shares were sold by Merritt-Epps Gina Marie.

Among 6 analysts covering South Jersey Industries (NYSE:SJI), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. South Jersey Industries had 17 analyst reports since August 10, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Monday, January 9 by Guggenheim. The stock of South Jersey Industries Inc (NYSE:SJI) has “Hold” rating given on Wednesday, November 23 by Williams Capital Group. Hilliard Lyons upgraded the shares of SJI in report on Monday, August 10 to “Underperform” rating. Hilliard Lyons upgraded the shares of SJI in report on Wednesday, December 9 to “Neutral” rating. Williams Capital Group upgraded the stock to “Buy” rating in Monday, July 17 report. Hilliard Lyons downgraded South Jersey Industries Inc (NYSE:SJI) on Friday, November 6 to “Underperform” rating. The stock has “Buy” rating by Hilliard Lyons on Thursday, August 31. The stock of South Jersey Industries Inc (NYSE:SJI) has “Neutral” rating given on Tuesday, June 28 by Janney Capital. As per Thursday, August 10, the company rating was maintained by Morgan Stanley. The stock of South Jersey Industries Inc (NYSE:SJI) has “Equal-Weight” rating given on Friday, September 8 by Morgan Stanley.

Keeley Asset Management Corp increased Eog Resources Inc (NYSE:EOG) stake by 11,682 shares to 35,267 valued at $3.57 million in 2016Q4. It also upped Knowles Corp. (NYSE:KN) stake by 34,474 shares and now owns 1.74M shares. Dolby Laboratories Inc. (NYSE:DLB) was raised too.

Investors sentiment increased to 1.34 in Q4 2016. Its up 0.25, from 1.09 in 2016Q3. It is positive, as 14 investors sold SJI shares while 65 reduced holdings. 28 funds opened positions while 59 raised stakes. 54.41 million shares or 0.48% more from 54.15 million shares in 2016Q3 were reported. Court Place Advsrs Ltd Liability Corporation stated it has 7,600 shares. Clinton Gp holds 0.05% or 23,071 shares. Nomura Holdings owns 7,221 shares. Employees Retirement Systems Of Texas has invested 0.02% in South Jersey Industries Inc (NYSE:SJI). Royal Commercial Bank Of Canada owns 14,799 shares for 0% of their portfolio. Tiaa Cref Limited Liability Corporation owns 0.01% invested in South Jersey Industries Inc (NYSE:SJI) for 312,197 shares. 1.61M are held by Duff Phelps Invest Management Company. First In holds 2,210 shares or 0.04% of its portfolio. Clear Harbor Asset Mgmt Ltd holds 120,455 shares or 0.85% of its portfolio. Advantus Cap Management Inc reported 0.03% of its portfolio in South Jersey Industries Inc (NYSE:SJI). Blackrock Fund Advsr reported 6.32M shares. Connable Office has 0.07% invested in South Jersey Industries Inc (NYSE:SJI) for 9,135 shares. Ingalls & Snyder Limited Liability Corp holds 0.02% of its portfolio in South Jersey Industries Inc (NYSE:SJI) for 12,340 shares. Guggenheim Ltd Co has 0.01% invested in South Jersey Industries Inc (NYSE:SJI) for 117,737 shares. Moreover, Great West Life Assurance Communications Can has 0.01% invested in South Jersey Industries Inc (NYSE:SJI) for 105,531 shares.

Among 4 analysts covering Ballard Power Systems (NASDAQ:BLDP), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Ballard Power Systems had 7 analyst reports since August 20, 2015 according to SRatingsIntel. The stock of Ballard Power Systems Inc. (USA) (NASDAQ:BLDP) earned “Buy” rating by H.C. Wainwright on Friday, August 4. The stock has “Buy” rating by FBR Capital on Thursday, June 22. Cowen & Co maintained Ballard Power Systems Inc. (USA) (NASDAQ:BLDP) rating on Monday, August 14. Cowen & Co has “Hold” rating and $300 target. The company was reinitiated on Thursday, August 20 by H.C. Wainwright. Rodman & Renshaw initiated the stock with “Buy” rating in Thursday, August 20 report. The firm earned “Hold” rating on Thursday, July 13 by Cowen & Co. Roth Capital maintained the stock with “Hold” rating in Monday, July 31 report.

Ballard Power Systems Inc. is engaged in the design, development, manufacture, sale and service of proton exchange membrane fuel cell products for a range of applications, focusing on the power product markets of heavy-duty motive (consisting of bus and tram applications), portable power, material handling and backup power, as well as the delivery of technology solutions, including engineering services, technology transfer and the license and sale of its intellectual property portfolio and fundamental knowledge for a range of fuel cell applications. The company has market cap of $618.55 million. As of December 31, 2016, the Company provided products in four product classes, such as Fuel cell stacks, Fuel cell modules, Fuel cell systems and Power management systems. It currently has negative earnings.