Clover Partners LP Decreased Stake in Pacific Mercantile Bancorp (PMBC) by $7.42 Million; Bessemer Group Upped Its Position in Chatham Lodging Trust Reit (CLDT) as Shares Declined

March 29, 2018 - By Steve Bissell

Bessemer Group Inc increased its stake in Chatham Lodging Trust Reit (CLDT) by 285.83% based on its latest 2017Q4 regulatory filing with the SEC. Bessemer Group Inc bought 36,300 shares as the company’s stock declined 17.37% with the market. The institutional investor held 49,000 shares of the real estate investment trusts company at the end of 2017Q4, valued at $1.12 million, up from 12,700 at the end of the previous reported quarter. Bessemer Group Inc who had been investing in Chatham Lodging Trust Reit for a number of months, seems to be bullish on the $873.73 million market cap company. The stock increased 2.44% or $0.46 during the last trading session, reaching $19.28. About 351,856 shares traded. Chatham Lodging Trust (NYSE:CLDT) has declined 0.79% since March 29, 2017 and is downtrending. It has underperformed by 12.34% the S&P500.

Clover Partners Lp decreased its stake in Pacific Mercantile Bancorp (PMBC) by 61.79% based on its latest 2017Q4 regulatory filing with the SEC. Clover Partners Lp sold 927,384 shares as the company’s stock rose 6.82% while stock markets declined. The hedge fund held 573,538 shares of the major banks company at the end of 2017Q4, valued at $5.02M, down from 1.50 million at the end of the previous reported quarter. Clover Partners Lp who had been investing in Pacific Mercantile Bancorp for a number of months, seems to be less bullish one the $222.57 million market cap company. The stock increased 1.60% or $0.15 during the last trading session, reaching $9.55. About 26,089 shares traded or 50.15% up from the average. Pacific Mercantile Bancorp (NASDAQ:PMBC) has risen 23.68% since March 29, 2017 and is uptrending. It has outperformed by 12.13% the S&P500.

Bessemer Group Inc, which manages about $25.77B US Long portfolio, decreased its stake in Ishares Us Aerospace & Defense (ITA) by 427,200 shares to 85,000 shares, valued at $15.99 million in 2017Q4, according to the filing. It also reduced its holding in First Trust Intermediate Durat (FPF) by 180,000 shares in the quarter, leaving it with 268,105 shares, and cut its stake in Omnicell Inc (NASDAQ:OMCL).

Among 9 analysts covering Chatham Lodging (NYSE:CLDT), 2 have Buy rating, 0 Sell and 7 Hold. Therefore 22% are positive. Chatham Lodging had 27 analyst reports since August 11, 2015 according to SRatingsIntel. FBR Capital maintained the stock with “Mkt Perform” rating in Tuesday, October 11 report. The stock has “Neutral” rating by SunTrust on Thursday, August 4. The rating was initiated by Janney Capital with “Hold” on Friday, September 15. FBR Capital initiated the shares of CLDT in report on Friday, November 20 with “Outperform” rating. The rating was maintained by Stifel Nicolaus on Wednesday, August 2 with “Hold”. The firm has “Market Perform” rating by FBR Capital given on Thursday, August 4. The stock of Chatham Lodging Trust (NYSE:CLDT) earned “Hold” rating by Stifel Nicolaus on Tuesday, March 29. Cantor Fitzgerald maintained the stock with “Hold” rating in Monday, November 20 report. The stock of Chatham Lodging Trust (NYSE:CLDT) earned “Hold” rating by Stifel Nicolaus on Wednesday, September 6. Stifel Nicolaus maintained it with “Hold” rating and $1900 target in Monday, July 17 report.

Since February 28, 2018, it had 4 insider buys, and 0 insider sales for $270,485 activity. On Wednesday, February 28 FISHER JEFFREY H bought $101,640 worth of Chatham Lodging Trust (NYSE:CLDT) or 5,500 shares. Shares for $91,600 were bought by GOLDSMITH C GERALD on Monday, March 5. CRAVEN DENNIS M bought 2,215 shares worth $40,645.

Investors sentiment increased to 2.29 in Q4 2017. Its up 0.98, from 1.31 in 2017Q3. It is positive, as 12 investors sold CLDT shares while 33 reduced holdings. 38 funds opened positions while 65 raised stakes. 39.87 million shares or 16.80% more from 34.14 million shares in 2017Q3 were reported. Cornercap Inv Counsel holds 0.1% or 33,205 shares in its portfolio. Teachers Retirement Systems Of The State Of Kentucky accumulated 0% or 13,400 shares. New York State Teachers Retirement Systems holds 0% or 30,926 shares. Stifel Finance accumulated 510,252 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% or 3,587 shares. Century Companies owns 92,275 shares. Bluecrest Cap Management Limited holds 0.01% or 11,272 shares in its portfolio. Birch Run Advsrs Lp holds 263,000 shares or 2.16% of its portfolio. Ontario – Canada-based Royal Retail Bank Of Canada has invested 0% in Chatham Lodging Trust (NYSE:CLDT). Globeflex Cap Limited Partnership stated it has 4,558 shares or 0.03% of all its holdings. Schroder Investment Management Grp Inc reported 0% of its portfolio in Chatham Lodging Trust (NYSE:CLDT). First Lp stated it has 0% of its portfolio in Chatham Lodging Trust (NYSE:CLDT). Daiwa Gru reported 4,700 shares. 70,603 are held by Strs Ohio. Guggenheim Capital Ltd Liability Com invested 0% in Chatham Lodging Trust (NYSE:CLDT).

Investors sentiment increased to 1.39 in Q4 2017. Its up 0.45, from 0.94 in 2017Q3. It increased, as 2 investors sold PMBC shares while 16 reduced holdings. 9 funds opened positions while 16 raised stakes. 10.16 million shares or 8.95% less from 11.16 million shares in 2017Q3 were reported. Schwab Charles Investment Management Inc owns 21,300 shares or 0% of their US portfolio. 3,726 were reported by Macquarie Limited. Deutsche Retail Bank Ag reported 0% of its portfolio in Pacific Mercantile Bancorp (NASDAQ:PMBC). Ejf Lc owns 978,251 shares. Parallax Volatility Advisers Ltd Partnership invested in 2,646 shares. Panagora Asset Mngmt Inc has 6,763 shares. Whittier Tru Company holds 50,000 shares or 0.02% of its portfolio. Legal And General Grp Public Ltd Company has 2,422 shares. Manufacturers Life Ins The stated it has 0% in Pacific Mercantile Bancorp (NASDAQ:PMBC). Clover Partners Ltd Partnership stated it has 573,538 shares. First Foundation Advisors accumulated 12,568 shares or 0.01% of the stock. Endeavour reported 7.06% stake. Acadian Asset invested 0% of its portfolio in Pacific Mercantile Bancorp (NASDAQ:PMBC). Royal Bancshares Of Canada has invested 0% in Pacific Mercantile Bancorp (NASDAQ:PMBC). Bankshares Of America Corporation De stated it has 2,432 shares or 0% of all its holdings.

Since December 11, 2017, it had 3 insider buys, and 7 insider sales for $109,190 activity. 3,587 Pacific Mercantile Bancorp (NASDAQ:PMBC) shares with value of $31,332 were bought by Inserra Thomas J.. 7,000 Pacific Mercantile Bancorp (NASDAQ:PMBC) shares with value of $63,700 were sold by GRAY NANCY A. Chamberlain Kittridge also sold $83,044 worth of Pacific Mercantile Bancorp (NASDAQ:PMBC) shares. 1,527 Pacific Mercantile Bancorp (NASDAQ:PMBC) shares with value of $12,353 were sold by Anderson Robert S.. $11,690 worth of Pacific Mercantile Bancorp (NASDAQ:PMBC) was sold by VERITY CINDY. On Friday, March 2 THOMAS JOHN MD sold $3,443 worth of Pacific Mercantile Bancorp (NASDAQ:PMBC) or 405 shares.

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By1 Steve Bissell

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