Parnassus Investments Has Raised First Republic Bank (FRC) Stake By $467,328; Global Signal Has 2 Sentiment

September 14, 2018 - By Jimmy Cauthen

First Republic Bank (NYSE:FRC) Logo

Global Signal Inc (GSL) investors sentiment increased to 2 in Q2 2018. It’s up 1.00, from 1 in 2018Q1. The ratio is more positive, as 4 hedge funds opened new and increased stock positions, while 2 sold and decreased their stock positions in Global Signal Inc. The hedge funds in our database reported: 2.86 million shares, up from 2.58 million shares in 2018Q1. Also, the number of hedge funds holding Global Signal Inc in top ten stock positions was flat from 0 to 0 for the same number . Sold All: 1 Reduced: 1 Increased: 0 New Position: 4.

Parnassus Investments increased First Republic Bank (FRC) stake by 0.1% reported in 2018Q2 SEC filing. Parnassus Investments acquired 4,868 shares as First Republic Bank (FRC)’s stock rose 1.54%. The Parnassus Investments holds 4.65M shares with $450.55 million value, up from 4.65 million last quarter. First Republic Bank now has $16.28B valuation. The stock increased 0.32% or $0.32 during the last trading session, reaching $100.08. About 106,318 shares traded. First Republic Bank (NYSE:FRC) has risen 3.55% since September 14, 2017 and is uptrending. It has underperformed by 12.07% the S&P500. Some Historical FRC News: 14/05/2018 – Wealth Managers Join First Republic in San Francisco and Boston; 13/04/2018 – First Republic Bank 1Q Net $199.1M; 05/03/2018 – Trump’s Lawyer Complained About Not Being Reimbursed for Paying Porn Star; 30/04/2018 – Parnassus Invest Buys New 2.9% Position in First Republic; 24/04/2018 – Moody’s takes action on $115.5 Million of Prime Jumbo RMBS issued from 2015 to 2017; 13/04/2018 – FIRST REPUBLIC 1Q EPS $1.13; 23/04/2018 – Leading Wealth Management Team Joins First Republic Private Wealth Management in Boston; 05/03/2018 Two Wealth Managers Join First Republic in Boston; 05/04/2018 – Wealth Manager Andrea Borgioli Joins First Republic in Santa Barbara; 30/05/2018 – Moody’s assigns provisional ratings to Prime RMBS issued by Sequoia Mortgage Trust 2018-6

More news for Global Ship Lease, Inc. (NYSE:GSL) were recently published by: Seekingalpha.com, which released: “Global Ship Lease Inc Deposit Shs Repr 1/100th 8 3/4 % Cum Red Perp Pfd Shs Series B declares $0.5469 dividend” on September 10, 2018. Globenewswire.com‘s article titled: “Global Ship Lease Secures $65 Million Growth Facility for Fleet Expansion” and published on September 10, 2018 is yet another important article.

Corsair Capital Management L.P. holds 0.1% of its portfolio in Global Ship Lease, Inc. for 336,017 shares. Benchmark Capital Advisors owns 45,350 shares or 0.05% of their US portfolio. Moreover, Bbr Partners Llc has 0% invested in the company for 10,000 shares. The New York-based Brown Brothers Harriman & Co has invested 0% in the stock. California Public Employees Retirement System, a California-based fund reported 96,000 shares.

The stock decreased 0.93% or $0.01 during the last trading session, reaching $1.07. About 35,892 shares traded. Global Ship Lease, Inc. (GSL) has declined 5.31% since September 14, 2017 and is downtrending. It has underperformed by 20.93% the S&P500.

Global Ship Lease, Inc. owns and charters containerships of various sizes under long-term, fixed-rate charters to container shipping companies. The company has market cap of $58.87 million. As at December 31, 2016, the firm owned 18 vessels with a total capacity of 82,312 twenty-foot equivalent units. It currently has negative earnings.

Among 10 analysts covering First Republic Bank (NYSE:FRC), 3 have Buy rating, 0 Sell and 7 Hold. Therefore 30% are positive. First Republic Bank had 12 analyst reports since March 22, 2018 according to SRatingsIntel. Wells Fargo maintained First Republic Bank (NYSE:FRC) on Tuesday, June 26 with “Market Perform” rating. The firm has “Market Perform” rating given on Monday, July 16 by BMO Capital Markets. On Friday, April 13 the stock rating was maintained by RBC Capital Markets with “Hold”. Sandler O’Neill maintained it with “Hold” rating and $9600 target in Thursday, March 29 report. The company was maintained on Wednesday, April 4 by Keefe Bruyette & Woods. BMO Capital Markets maintained the stock with “Hold” rating in Friday, March 23 report. The stock of First Republic Bank (NYSE:FRC) has “Hold” rating given on Wednesday, April 18 by Jefferies. The stock of First Republic Bank (NYSE:FRC) has “Hold” rating given on Friday, April 13 by Sandler O’Neill. Maxim Group maintained First Republic Bank (NYSE:FRC) on Friday, April 13 with “Buy” rating.

Parnassus Investments decreased Autodesk Inc. (NASDAQ:ADSK) stake by 350,000 shares to 1.35 million valued at $176.97 million in 2018Q2. It also reduced Sempra Energy (NYSE:SRE) stake by 291,581 shares and now owns 4.12 million shares. International Business Machines Corp. (NYSE:IBM) was reduced too.

More news for First Republic Bank (NYSE:FRC) were recently published by: Businesswire.com, which released: “Gradifi Achieves SOC2 Type II Attestation” on September 13, 2018. Seekingalpha.com‘s article titled: “First Republic Bank Deposit Shs Repr 1/40th 5 1/2 % Non-Cum Perp Pfd Shs Series D declares $0.3438 dividend” and published on August 16, 2018 is yet another important article.

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