Wallace Capital Management Decreased Resolute Fst Prods (RFP) Holding; Fac Propertys Has 0.45 Sentiment

June 20, 2017 - By Clifton Ray

Wallace Capital Management Inc decreased Resolute Fst Prods Inc (RFP) stake by 80.9% reported in 2016Q4 SEC filing. Wallace Capital Management Inc sold 537,770 shares as Resolute Fst Prods Inc (RFP)’s stock declined 4.30%. The Wallace Capital Management Inc holds 126,995 shares with $680,000 value, down from 664,765 last quarter. Resolute Fst Prods Inc now has $403.88M valuation. The stock declined 2.17% or $0.1 reaching $4.5 per share. About 57,993 shares traded. Resolute Forest Products Inc (NYSE:RFP) has declined 21.24% since June 20, 2016 and is downtrending. It has underperformed by 37.94% the S&P500.

First Acceptance Corporation is a retailer, servicer and underwriter of non-standard personal automobile insurance based in Nashville, Tennessee. The company has market cap of $48.98 million. The Firm operates in two divisions: Insurance, and Real estate and corporate. It currently has negative earnings. The Company’s insurance activities are engaged in selling non-standard personal automobile insurance products and related products in over 20 states.

Among 5 analysts covering Resolute Forest Products (NYSE:RFP), 0 have Buy rating, 2 Sell and 3 Hold. Therefore 0 are positive. Resolute Forest Products had 8 analyst reports since October 21, 2015 according to SRatingsIntel. IBC upgraded the shares of RFP in report on Monday, June 5 to “Sector Perform” rating. TD Securities downgraded the stock to “Reduce” rating in Friday, April 1 report. The stock of Resolute Forest Products Inc (NYSE:RFP) has “Outperform” rating given on Friday, February 5 by RBC Capital Markets. RBC Capital Markets maintained Resolute Forest Products Inc (NYSE:RFP) on Wednesday, April 19 with “Hold” rating. The company was downgraded on Thursday, February 18 by Dundee Securities. The firm has “Sector Underperform” rating by Scotia Capital given on Thursday, January 5. The rating was downgraded by RBC Capital Markets to “Sector Perform” on Monday, April 25.

Second Curve Capital Llc holds 1.61% of its portfolio in First Acceptance Corporation for 4.10 million shares. First Wilshire Securities Management Inc owns 154,330 shares or 0.05% of their US portfolio. Moreover, Bridgeway Capital Management Inc has 0.01% invested in the company for 430,858 shares. The New York-based Bank Of New York Mellon Corp has invested 0% in the stock. Blackrock Advisors Llc, a Delaware-based fund reported 8,599 shares.

About 71 shares traded. First Acceptance Corporation (FAC) has declined 10.95% since June 20, 2016 and is downtrending. It has underperformed by 27.65% the S&P500.

Since January 1, 0001, it had 2 insider buys, and 0 insider sales for $78,565 activity.

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