As Blackstone Group LP (BX) Shares Declined, Holder 683 Capital Management Has Lowered Its Position by $960,000; 683 Capital Management Continues to Hold Position in Galmed Pharmaceuticals LTD (GLMD)

April 17, 2018 - By Michael Collier

Galmed Pharmaceuticals Ltd. (NASDAQ:GLMD) Logo

683 Capital Management Llc increased its stake in Galmed Pharmaceuticals Ltd (GLMD) by 18.21% based on its latest 2017Q4 regulatory filing with the SEC. 683 Capital Management Llc bought 100,000 shares as the company’s stock declined 42.08% with the market. The hedge fund held 649,295 shares of the major pharmaceuticals company at the end of 2017Q4, valued at $5.94 million, up from 549,295 at the end of the previous reported quarter. 683 Capital Management Llc who had been investing in Galmed Pharmaceuticals Ltd for a number of months, seems to be bullish on the $94.93 million market cap company. The stock decreased 1.44% or $0.09 during the last trading session, reaching $6.15. About 34,290 shares traded. Galmed Pharmaceuticals Ltd. (NASDAQ:GLMD) has risen 11.79% since April 17, 2017 and is uptrending. It has outperformed by 0.24% the S&P500.

683 Capital Management Llc decreased its stake in Blackstone Group LP (BX) by 15% based on its latest 2017Q4 regulatory filing with the SEC. 683 Capital Management Llc sold 30,000 shares as the company’s stock declined 3.02% with the market. The hedge fund held 170,000 shares of the investment managers company at the end of 2017Q4, valued at $5.44 million, down from 200,000 at the end of the previous reported quarter. 683 Capital Management Llc who had been investing in Blackstone Group LP for a number of months, seems to be less bullish one the $36.89B market cap company. The stock increased 1.07% or $0.33 during the last trading session, reaching $31.05. About 2.04 million shares traded. The Blackstone Group L.P. (NYSE:BX) has risen 7.37% since April 17, 2017 and is uptrending. It has underperformed by 4.18% the S&P500.

683 Capital Management Llc, which manages about $566.08 million and $1.19 billion US Long portfolio, decreased its stake in Enova Intl Inc by 50,600 shares to 843,200 shares, valued at $12.82 million in 2017Q4, according to the filing. It also reduced its holding in Pepsico Inc (Put) (NYSE:PEP) by 50,000 shares in the quarter, leaving it with 50,000 shares, and cut its stake in Immunomedics Inc (NASDAQ:IMMU).

Among 5 analysts covering Galmed Pharmaceuticals Ltd (NASDAQ:GLMD), 5 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Galmed Pharmaceuticals Ltd had 9 analyst reports since August 14, 2015 according to SRatingsIntel. The company was downgraded on Wednesday, February 14 by Maxim Group. On Thursday, August 13 the stock rating was maintained by Roth Capital with “Buy”. The stock of Galmed Pharmaceuticals Ltd. (NASDAQ:GLMD) has “Buy” rating given on Thursday, March 15 by Maxim Group. On Monday, July 31 the stock rating was maintained by Maxim Group with “Buy”. H.C. Wainwright reinitiated Galmed Pharmaceuticals Ltd. (NASDAQ:GLMD) on Monday, March 28 with “Buy” rating. The firm earned “Buy” rating on Tuesday, August 8 by H.C. Wainwright.

Investors sentiment decreased to 1 in 2017 Q4. Its down 0.24, from 1.24 in 2017Q3. It fall, as 59 investors sold BX shares while 154 reduced holdings. 49 funds opened positions while 165 raised stakes. 298.48 million shares or 9.36% more from 272.94 million shares in 2017Q3 were reported. Catalyst Cap Advisors Limited Liability invested 0.02% of its portfolio in The Blackstone Group L.P. (NYSE:BX). Gardner Lewis Asset Lp holds 142,855 shares. M Securities reported 0.1% of its portfolio in The Blackstone Group L.P. (NYSE:BX). Raymond James Financial Serv Advsr Incorporated reported 383,912 shares. River Road Asset Management Ltd holds 0.02% or 34,283 shares in its portfolio. Guggenheim Capital Ltd Liability holds 34,785 shares. Stelac Advisory Services Ltd Liability has 0.38% invested in The Blackstone Group L.P. (NYSE:BX) for 27,827 shares. Finemark Comml Bank And invested in 9,317 shares. Cap Fincl Advisers Ltd Liability Corporation has invested 0.06% in The Blackstone Group L.P. (NYSE:BX). M&T Bancshares Corp stated it has 0.01% in The Blackstone Group L.P. (NYSE:BX). Fayez Sarofim & owns 27,466 shares for 0% of their portfolio. Comerica Savings Bank has 0% invested in The Blackstone Group L.P. (NYSE:BX) for 8,148 shares. Bokf Na has 0.01% invested in The Blackstone Group L.P. (NYSE:BX). Tower Rech Capital Limited (Trc) owns 200 shares or 0% of their US portfolio. Burns J W And Co Inc Ny invested 0.08% of its portfolio in The Blackstone Group L.P. (NYSE:BX).

Among 19 analysts covering The Blackstone Group L.P. (NYSE:BX), 15 have Buy rating, 0 Sell and 4 Hold. Therefore 79% are positive. The Blackstone Group L.P. had 64 analyst reports since August 9, 2015 according to SRatingsIntel. Goldman Sachs initiated The Blackstone Group L.P. (NYSE:BX) rating on Tuesday, August 11. Goldman Sachs has “Buy” rating and $43 target. As per Tuesday, October 27, the company rating was maintained by Argus Research. The firm earned “Buy” rating on Friday, October 6 by Jefferies. The stock of The Blackstone Group L.P. (NYSE:BX) has “Buy” rating given on Thursday, February 1 by Keefe Bruyette & Woods. The stock has “Buy” rating by Jefferies on Wednesday, October 7. The stock of The Blackstone Group L.P. (NYSE:BX) has “Buy” rating given on Monday, August 14 by Keefe Bruyette & Woods. The firm earned “Hold” rating on Thursday, June 16 by Deutsche Bank. As per Monday, October 23, the company rating was maintained by Morgan Stanley. The firm has “Buy” rating given on Thursday, July 20 by Oppenheimer. The company was maintained on Friday, October 20 by Bank of America.

683 Capital Management Llc, which manages about $566.08 million and $1.19B US Long portfolio, upped its stake in Tesla Inc (Put) (NASDAQ:TSLA) by 164,000 shares to 404,000 shares, valued at $125.79M in 2017Q4, according to the filing. It also increased its holding in National Oilwell Varco Inc (NYSE:NOV) by 55,000 shares in the quarter, for a total of 295,000 shares, and has risen its stake in New York Reit Inc (NYSE:NYRT).

Since December 13, 2017, it had 0 buys, and 5 sales for $18.59 million activity. Finley John G also sold $751,300 worth of The Blackstone Group L.P. (NYSE:BX) on Friday, February 23.

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By1 Michael Collier

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