CUI Global, Inc. (CUI) At $2.64 Forms Bottom; Mgic Investment (MTG) Sellers Decreased By 1.69% Their Shorts

MGIC Investment Corporation (NYSE:MTG) Logo

CUI Global, Inc. (CUI) formed multiple bottom with $2.40 target or 9.00% below today’s $2.64 share price. CUI Global, Inc. (CUI) has $75.20 million valuation. The stock decreased 0.38% or $0.01 during the last trading session, reaching $2.64. About 18,192 shares traded. CUI Global, Inc. (NASDAQ:CUI) has declined 38.67% since April 29, 2017 and is downtrending. It has underperformed by 50.22% the S&P500.

Mgic Investment Corporation (NYSE:MTG) had a decrease of 1.69% in short interest. MTG’s SI was 4.21 million shares in April as released by FINRA. Its down 1.69% from 4.29M shares previously. With 5.59 million avg volume, 1 days are for Mgic Investment Corporation (NYSE:MTG)’s short sellers to cover MTG’s short positions. The SI to Mgic Investment Corporation’s float is 1.15%. The stock increased 3.50% or $0.35 during the last trading session, reaching $10.36. About 4.57 million shares traded. MGIC Investment Corporation (NYSE:MTG) has risen 30.58% since April 29, 2017 and is uptrending. It has outperformed by 19.03% the S&P500.

Investors sentiment increased to 1.32 in 2017 Q4. Its up 0.17, from 1.15 in 2017Q3. It improved, as 14 investors sold MGIC Investment Corporation shares while 99 reduced holdings. 53 funds opened positions while 96 raised stakes. 335.64 million shares or 0.76% more from 333.10 million shares in 2017Q3 were reported. Nordea Inv Management reported 1.00M shares stake. 109,374 are held by Lpl Fincl Ltd Liability. 2.38 million were reported by Numeric Investors Limited Liability Corporation. Ellington Management Gru Lc owns 0.1% invested in MGIC Investment Corporation (NYSE:MTG) for 42,400 shares. Caprock accumulated 0.04% or 13,600 shares. Hancock Hldg Company has 0.06% invested in MGIC Investment Corporation (NYSE:MTG). Bnp Paribas Asset Management stated it has 620,413 shares. Rhumbline Advisers reported 0.01% in MGIC Investment Corporation (NYSE:MTG). Strs Ohio holds 144,300 shares. Anchor Cap Advsr Ltd Company has 0.03% invested in MGIC Investment Corporation (NYSE:MTG). Brandywine Glob Llc accumulated 1.18M shares. Highbridge Mgmt Ltd Co accumulated 579,060 shares. Janney Montgomery Scott Limited Liability Corp owns 10,242 shares or 0% of their US portfolio. Parkside Finance National Bank And Trust holds 662 shares. Chicago Equity Partners Ltd Liability Company invested 0.27% of its portfolio in MGIC Investment Corporation (NYSE:MTG).

MGIC Investment Corporation, through its subsidiaries, provides private mortgage insurance and ancillary services to lenders and government sponsored entities in the United States. The company has market cap of $3.85 billion. The firm offers primary mortgage insurance that provides mortgage default protection on individual loans, as well as covers unpaid loan principal, delinquent interest, and various expenses associated with the default and subsequent foreclosure. It has a 10.95 P/E ratio. It also provides contract underwriting services; and other services for the mortgage finance industry, such as analysis of loan originations and portfolios, and mortgage lead generation services, as well as reinsurance arrangements.

Among 14 analysts covering MGIC Investment Corp. (NYSE:MTG), 10 have Buy rating, 0 Sell and 4 Hold. Therefore 71% are positive. MGIC Investment Corp. had 53 analyst reports since August 12, 2015 according to SRatingsIntel. The company was maintained on Wednesday, April 11 by Barclays Capital. Deutsche Bank maintained MGIC Investment Corporation (NYSE:MTG) rating on Friday, July 21. Deutsche Bank has “Buy” rating and $13.5 target. The stock has “Hold” rating by Deutsche Bank on Friday, November 3. The firm has “Buy” rating given on Tuesday, July 18 by BTIG Research. The stock of MGIC Investment Corporation (NYSE:MTG) has “Buy” rating given on Thursday, July 20 by FBR Capital. Compass Point upgraded the shares of MTG in report on Thursday, April 13 to “Buy” rating. The stock of MGIC Investment Corporation (NYSE:MTG) earned “Outperform” rating by FBR Capital on Monday, February 13. On Tuesday, April 10 the stock rating was maintained by Susquehanna with “Buy”. The rating was maintained by Susquehanna with “Buy” on Wednesday, April 18. The stock has “Buy” rating by BTIG Research on Monday, April 9.

Analysts await CUI Global, Inc. (NASDAQ:CUI) to report earnings on May, 9. They expect $-0.09 earnings per share, up 47.06% or $0.08 from last year’s $-0.17 per share. After $-0.07 actual earnings per share reported by CUI Global, Inc. for the previous quarter, Wall Street now forecasts 28.57% negative EPS growth.

CUI Global, Inc. (NASDAQ:CUI) Institutional Positions Chart