Piermont Capital Management Has Lowered Its Murphy Usa (MUSA) Stake; Wells Fargo Advantage Multi-sector Income Fund (ERC) Sentiment Is 1.4

August 9, 2017 - By Peter Erickson

Wells Fargo Multi-Sector Income Fund is a diversified, closed-end management investment company. The company has market cap of $549.58 million. The Fund’s investment objective is to seek a high level of current income consistent with limiting its overall exposure to domestic interest rate risk. It currently has negative earnings. The Fund’s portfolio includes agency securities, asset-backed securities, common stocks, corporate bonds and notes, foreign corporate bonds and notes, foreign government bonds, loans, municipal obligations, non-agency mortgage-backed securities and short-term investments.

Piermont Capital Management Llc decreased Murphy Usa Inc. (MUSA) stake by 84.2% reported in 2016Q4 SEC filing. Piermont Capital Management Llc sold 42,001 shares as Murphy Usa Inc. (MUSA)’s stock rose 5.31%. The Piermont Capital Management Llc holds 7,880 shares with $484,000 value, down from 49,881 last quarter. Murphy Usa Inc. now has $2.52 billion valuation. The stock rose 0.35% or $0.24 reaching $70.1. About 415,928 shares traded. Murphy USA Inc (NYSE:MUSA) has risen 4.83% since August 9, 2016 and is uptrending. It has underperformed by 11.87% the S&P500.

Piermont Capital Management Llc increased Lydall Inc. (NYSE:LDL) stake by 13,720 shares to 84,270 valued at $5.21 million in 2016Q4. It also upped Quad/Graphics Inc. Class A (NYSE:QUAD) stake by 95,208 shares and now owns 144,748 shares. Oceanfirst Financial Corp. (NASDAQ:OCFC) was raised too.

Among 5 analysts covering Murphy USA (NYSE:MUSA), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. Murphy USA had 10 analyst reports since September 8, 2015 according to SRatingsIntel. The company was upgraded on Monday, October 26 by Wells Fargo. As per Friday, August 4, the company rating was downgraded by Stephens. Jefferies maintained the shares of MUSA in report on Wednesday, July 27 with “Buy” rating. The firm earned “Buy” rating on Monday, July 17 by Jefferies. The company was maintained on Thursday, June 9 by Jefferies. As per Wednesday, April 19, the company rating was downgraded by Wells Fargo. JP Morgan upgraded the stock to “Overweight” rating in Tuesday, September 8 report. The firm has “Buy” rating by Jefferies given on Friday, August 4.

Investors sentiment decreased to 0.85 in Q4 2016. Its down 0.19, from 1.04 in 2016Q3. It is negative, as 37 investors sold MUSA shares while 98 reduced holdings. 42 funds opened positions while 73 raised stakes. 31.36 million shares or 1.41% less from 31.80 million shares in 2016Q3 were reported. Lsv Asset Management stated it has 1.72M shares. Plante Moran Advsr Limited Liability Com holds 57 shares or 0% of its portfolio. Art Advisors Limited Liability Com accumulated 0.02% or 4,300 shares. Ls Advsr Lc holds 0.01% or 2,759 shares in its portfolio. Creative Planning reported 0% in Murphy USA Inc (NYSE:MUSA). Webster National Bank N A invested in 0% or 100 shares. Jacobs Levy Equity accumulated 0.13% or 106,961 shares. Dimensional Fund Advisors Ltd Partnership holds 1.13M shares. Magnetar Limited Co reported 7,386 shares. Virginia Retirement Et Al has 0.02% invested in Murphy USA Inc (NYSE:MUSA) for 22,300 shares. Capstone Investment Advisors Limited Liability holds 0.01% in Murphy USA Inc (NYSE:MUSA) or 4,498 shares. Horrell has invested 1.04% in Murphy USA Inc (NYSE:MUSA). Hilltop Holdg accumulated 13,035 shares or 0.25% of the stock. Hbk Limited Partnership holds 0.01% or 10,700 shares in its portfolio. Legal & General Grp Plc holds 0% of its portfolio in Murphy USA Inc (NYSE:MUSA) for 83,971 shares.

Since January 1, 0001, it had 0 buys, and 4 insider sales for $1.40 million activity.

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By1 Peter Erickson




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