Zweig-Dimenna Associates Cut Nvidia (NVDA) Stake By $1.43 Million; Gabelli Convertible & Income Securities Fund (GCV)’s Sentiment Is 1.5

February 25, 2018 - By Marie Mckinney

The stock decreased 0.35% or $0.02 during the last trading session, reaching $5.66. About 28,258 shares traded or 40.85% up from the average. Gabelli Convertible and Income (GCV) has risen 13.26% since February 25, 2017 and is uptrending. It has underperformed by 3.44% the S&P500.

Zweig-Dimenna Associates Llc decreased Nvidia Corp (NVDA) stake by 10.24% reported in 2017Q3 SEC filing. Zweig-Dimenna Associates Llc sold 8,044 shares as Nvidia Corp (NVDA)’s stock rose 26.83%. The Zweig-Dimenna Associates Llc holds 70,500 shares with $12.60M value, down from 78,544 last quarter. Nvidia Corp now has $149.03B valuation. The stock increased 1.56% or $3.78 during the last trading session, reaching $245.93. About 10.38 million shares traded. NVIDIA Corporation (NASDAQ:NVDA) has risen 212.28% since February 25, 2017 and is uptrending. It has outperformed by 195.58% the S&P500.

Windsor Capital Management Llc holds 0.75% of its portfolio in Gabelli Convertible and Income for 287,070 shares. Gamco Investors Inc. Et Al owns 894,049 shares or 0.03% of their US portfolio. Moreover, Advisors Asset Management Inc. has 0.02% invested in the company for 247,114 shares. The North Dakota-based Investment Centers Of America Inc has invested 0.02% in the stock. Advisory Services Network Llc, a Georgia-based fund reported 700 shares.

Since September 1, 2017, it had 0 insider purchases, and 13 insider sales for $92.81 million activity. On Wednesday, December 13 the insider Kress Colette sold $31,732. 30,000 shares were sold by SEAWELL A BROOKE, worth $5.11M on Friday, September 1. STEVENS MARK A sold 80,250 shares worth $15.02 million. Byron Michael sold $69,943 worth of stock or 409 shares. Another trade for 100,000 shares valued at $18.57M was made by JONES HARVEY C on Thursday, September 21. 50,000 shares were sold by COXE TENCH, worth $9.48M on Monday, September 18. On Wednesday, September 6 the insider HUANG JEN HSUN sold $18.27M.

Among 44 analysts covering Nvidia Corporation (NASDAQ:NVDA), 25 have Buy rating, 3 Sell and 16 Hold. Therefore 57% are positive. Nvidia Corporation had 185 analyst reports since August 3, 2015 according to SRatingsIntel. The stock of NVIDIA Corporation (NASDAQ:NVDA) earned “Sector Weight” rating by Pacific Crest on Tuesday, June 20. As per Tuesday, June 6, the company rating was maintained by RBC Capital Markets. The company was downgraded on Thursday, September 17 by Vetr. The firm has “Buy” rating given on Thursday, February 8 by Bernstein. As per Wednesday, June 14, the company rating was maintained by Oppenheimer. Roth Capital initiated NVIDIA Corporation (NASDAQ:NVDA) rating on Monday, October 12. Roth Capital has “Neutral” rating and $26 target. SunTrust initiated it with “Neutral” rating and $59 target in Tuesday, September 20 report. The stock has “Buy” rating by Tigress Financial on Wednesday, August 23. Citigroup maintained the shares of NVDA in report on Friday, January 12 with “Buy” rating. The rating was downgraded by BMO Capital Markets on Friday, February 24 to “Underperform”.

Investors sentiment increased to 1.3 in 2017 Q3. Its up 0.09, from 1.21 in 2017Q2. It is positive, as 45 investors sold NVDA shares while 282 reduced holdings. 127 funds opened positions while 298 raised stakes. 387.15 million shares or 0.29% less from 388.29 million shares in 2017Q2 were reported. Dock Street Asset Mngmt invested in 69,413 shares. Natl Bank Of New York Mellon invested in 0.35% or 7.03M shares. Janney Montgomery Scott Ltd Liability Corp reported 34,995 shares. Prudential Financial Inc stated it has 0.24% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA). 7,649 are held by Bell Financial Bank. Citadel Advisors Ltd Llc reported 0.04% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA). Security Natl holds 1,000 shares or 0.06% of its portfolio. Schroder Mngmt Group Inc reported 0.14% in NVIDIA Corporation (NASDAQ:NVDA). Moreover, Eagleclaw Capital Managment has 0.14% invested in NVIDIA Corporation (NASDAQ:NVDA). Staley Cap Advisers reported 5,000 shares. 1,302 were reported by Ferguson Wellman Cap Mgmt Incorporated. Bp Pcl owns 66,500 shares. Spectrum Mngmt Incorporated reported 0.12% in NVIDIA Corporation (NASDAQ:NVDA). Regentatlantic Limited Liability Corp holds 4,644 shares or 0.07% of its portfolio. Oppenheimer & Com Inc has 0.26% invested in NVIDIA Corporation (NASDAQ:NVDA) for 55,104 shares.

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By1 Marie Mckinney

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