Raging Capital Management Cut By $544,085 Its Navios Maritime Partners LP (NMM) Position; Stepan Company (SCL) Shorts Lowered By 12.46%

December 10, 2017 - By Stephen Andrade

Raging Capital Management Llc decreased Navios Maritime Partners LP (NMM) stake by 14% reported in 2017Q2 SEC filing. Raging Capital Management Llc sold 544,085 shares as Navios Maritime Partners LP (NMM)’s stock declined 3.23%. The Raging Capital Management Llc holds 3.34M shares with $5.31M value, down from 3.89M last quarter. Navios Maritime Partners LP now has $319.73 million valuation. The stock increased 3.92% or $0.08 during the last trading session, reaching $2.12. About 793,796 shares traded or 56.32% up from the average. Navios Maritime Partners L.P. (NYSE:NMM) has risen 34.33% since December 10, 2016 and is uptrending. It has outperformed by 17.63% the S&P500.

Stepan Company (NYSE:SCL) had a decrease of 12.46% in short interest. SCL’s SI was 115,900 shares in December as released by FINRA. Its down 12.46% from 132,400 shares previously. With 77,400 avg volume, 2 days are for Stepan Company (NYSE:SCL)’s short sellers to cover SCL’s short positions. The SI to Stepan Company’s float is 0.59%. The stock decreased 0.87% or $0.68 during the last trading session, reaching $77.85. About 56,912 shares traded. Stepan Company (NYSE:SCL) has risen 47.84% since December 10, 2016 and is uptrending. It has outperformed by 31.14% the S&P500.

Among 7 analysts covering Navios Maritime Partners (NYSE:NMM), 3 have Buy rating, 1 Sell and 3 Hold. Therefore 43% are positive. Navios Maritime Partners had 15 analyst reports since September 17, 2015 according to SRatingsIntel. The stock of Navios Maritime Partners L.P. (NYSE:NMM) has “Buy” rating given on Monday, July 10 by Jefferies. Stifel Nicolaus maintained the stock with “Hold” rating in Thursday, June 22 report. Deutsche Bank maintained Navios Maritime Partners L.P. (NYSE:NMM) on Wednesday, November 4 with “Buy” rating. The rating was maintained by Stifel Nicolaus on Thursday, October 5 with “Hold”. The firm has “Underweight” rating by JP Morgan given on Thursday, October 15. Citigroup maintained Navios Maritime Partners L.P. (NYSE:NMM) rating on Thursday, November 16. Citigroup has “Neutral” rating and $2.25 target. The rating was downgraded by Citigroup on Tuesday, November 3 to “Neutral”. The rating was upgraded by JP Morgan on Tuesday, January 26 to “Overweight”. The firm has “Buy” rating given on Monday, June 5 by Jefferies. The firm has “Hold” rating by Stifel Nicolaus given on Thursday, July 27.

Investors sentiment increased to 1.41 in 2017 Q2. Its up 0.22, from 1.19 in 2017Q1. It improved, as 16 investors sold Stepan Company shares while 53 reduced holdings. 30 funds opened positions while 67 raised stakes. 13.86 million shares or 1.05% more from 13.72 million shares in 2017Q1 were reported. Pnc Fin Services holds 0% of its portfolio in Stepan Company (NYSE:SCL) for 660 shares. Utd Services Automobile Association invested in 13,710 shares. 647 were reported by Zurcher Kantonalbank (Zurich Cantonalbank). 65,327 are held by Invesco Ltd. New York-based Art Advsrs Ltd has invested 0.01% in Stepan Company (NYSE:SCL). Glenmede Na holds 0% of its portfolio in Stepan Company (NYSE:SCL) for 1,426 shares. Federated Invsts Inc Pa reported 0% of its portfolio in Stepan Company (NYSE:SCL). Wells Fargo Communication Mn reported 0% of its portfolio in Stepan Company (NYSE:SCL). Moreover, Bridgeway Management has 0.17% invested in Stepan Company (NYSE:SCL) for 163,800 shares. Ftb Advisors has 209 shares for 0% of their portfolio. Burney Company holds 0.04% or 6,759 shares. Boothbay Fund Ltd Company accumulated 6,606 shares. Macquarie Group Incorporated stated it has 0% of its portfolio in Stepan Company (NYSE:SCL). Swiss Savings Bank has 34,100 shares. Clarivest Asset Mgmt owns 30,400 shares.

Among 7 analysts covering Stepan Co (NYSE:SCL), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Stepan Co had 12 analyst reports since August 26, 2015 according to SRatingsIntel. The firm has “Outperform” rating by National Bank Canada given on Monday, August 15. The stock of Stepan Company (NYSE:SCL) has “Hold” rating given on Friday, September 1 by KeyBanc Capital Markets. The firm has “Neutral” rating by Seaport Global given on Wednesday, August 24. The rating was upgraded by Industrial Alliance Securities to “Strong Buy” on Monday, May 29.