FNY Partners Fund LP Acquires New Stake in Coastway Bancorp Inc (CWAY)
FNY Partners Fund LP acquired a new stake in shares of Coastway Bancorp Inc (NASDAQ:CWAY) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 6,476 shares of the bank’s stock, valued at approximately $137,000. FNY Partners Fund LP owned 0.15% of Coastway Bancorp at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CWAY. Dimensional Fund Advisors LP bought a new stake in shares of Coastway Bancorp during the third quarter valued at approximately $315,000. The Manufacturers Life Insurance Company increased its position in shares of Coastway Bancorp by 4.0% during the second quarter. The Manufacturers Life Insurance Company now owns 159,452 shares of the bank’s stock valued at $3,269,000 after purchasing an additional 6,198 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of Coastway Bancorp by 5.1% during the second quarter. Vanguard Group Inc. now owns 84,726 shares of the bank’s stock valued at $1,745,000 after purchasing an additional 4,141 shares during the period. Institutional investors and hedge funds own 35.63% of the company’s stock.
Separately, ValuEngine cut Coastway Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, December 1st.
About Coastway Bancorp
Coastway Bancorp, Inc is a bank holding company for Coastway Community Bank (the Bank), which is a chartered stock savings bank. The Company’s subsidiary, the Bank, provides a range of financial services to individuals, families and businesses throughout Rhode Island from over nine banking offices. The Bank’s principal business consists of retail deposits from the general public in its market area and investing those deposits, together with funds generated from operations and borrowings, in one- to four-family residential real estate loans, other loans, home equity loans and lines of credit, commercial real estate loans, the United States small business administration (SBA) loans, commercial business loans, commercial construction loans and consumer loans.
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