Blucora Inc (BCOR) Short Interest Up 52.5% in September
Blucora Inc (NASDAQ:BCOR) was the recipient of a large increase in short interest during the month of September. As of September 28th, there was short interest totalling 1,360,080 shares, an increase of 52.5% from the September 14th total of 891,841 shares. Based on an average trading volume of 516,616 shares, the short-interest ratio is currently 2.6 days. Currently, 3.0% of the shares of the stock are sold short.
In related news, Director Lance G. Dunn sold 27,000 shares of the stock in a transaction dated Friday, September 28th. The shares were sold at an average price of $38.25, for a total value of $1,032,750.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director H. Mcintyre Gardner sold 2,300 shares of the stock in a transaction dated Friday, August 3rd. The shares were sold at an average price of $35.70, for a total transaction of $82,110.00. Following the completion of the sale, the director now directly owns 14,717 shares in the company, valued at $525,396.90. The disclosure for this sale can be found here. Over the last three months, insiders sold 118,128 shares of company stock worth $4,433,481. 2.91% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in BCOR. Glenmede Trust Co. NA lifted its holdings in shares of Blucora by 209.5% during the 2nd quarter. Glenmede Trust Co. NA now owns 1,188,640 shares of the information services provider’s stock worth $43,980,000 after acquiring an additional 804,545 shares during the period. BlackRock Inc. lifted its holdings in shares of Blucora by 7.7% during the 2nd quarter. BlackRock Inc. now owns 6,428,125 shares of the information services provider’s stock worth $237,841,000 after acquiring an additional 457,598 shares during the period. WINTON GROUP Ltd lifted its holdings in shares of Blucora by 1,622.0% during the 2nd quarter. WINTON GROUP Ltd now owns 310,177 shares of the information services provider’s stock worth $11,477,000 after acquiring an additional 292,164 shares during the period. Harvest Capital Strategies LLC lifted its holdings in shares of Blucora by 54.8% during the 1st quarter. Harvest Capital Strategies LLC now owns 800,000 shares of the information services provider’s stock worth $19,680,000 after acquiring an additional 283,354 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in shares of Blucora by 8.6% during the 2nd quarter. Renaissance Technologies LLC now owns 2,452,600 shares of the information services provider’s stock worth $90,746,000 after acquiring an additional 193,600 shares during the period. Institutional investors own 94.13% of the company’s stock.
NASDAQ:BCOR opened at $33.17 on Friday. The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of 27.19, a PEG ratio of 1.43 and a beta of -0.22. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.99 and a current ratio of 2.99. Blucora has a 12-month low of $19.05 and a 12-month high of $41.35.
Blucora (NASDAQ:BCOR) last released its earnings results on Wednesday, August 1st. The information services provider reported $0.97 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.11. The company had revenue of $157.80 million for the quarter, compared to analyst estimates of $154.46 million. Blucora had a net margin of 13.31% and a return on equity of 14.82%. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.70 EPS. Analysts forecast that Blucora will post 1.61 earnings per share for the current year.
Blucora Company Profile
Blucora, Inc provides technology-enabled financial solutions to consumers, small business owners, and tax professionals in the United States. The company operates through two segments, Wealth Management and Tax Preparation. The Wealth Management segment offers an integrated platform of brokerage, investment advisory, and insurance services to financial advisors.
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