Hennessy Advisors Has Cut Independent Bank Mass (INDB) Stake; Viewray (VRAY) Shorts Up By 12.47%

February 15, 2018 - By Winifred Garcia

Hennessy Advisors Inc decreased Independent Bank Corp Mass (INDB) stake by 25% reported in 2017Q3 SEC filing. Hennessy Advisors Inc sold 30,000 shares as Independent Bank Corp Mass (INDB)’s stock declined 4.08%. The Hennessy Advisors Inc holds 90,000 shares with $6.72M value, down from 120,000 last quarter. Independent Bank Corp Mass now has $1.96 billion valuation. The stock decreased 0.28% or $0.2 during the last trading session, reaching $71.25. About 14,640 shares traded. Independent Bank Corp. (NASDAQ:INDB) has risen 30.83% since February 15, 2017 and is uptrending. It has outperformed by 14.13% the S&P500.

Viewray Incorporated (NASDAQ:VRAY) had an increase of 12.47% in short interest. VRAY’s SI was 7.08M shares in February as released by FINRA. Its up 12.47% from 6.29 million shares previously. With 1.14M avg volume, 6 days are for Viewray Incorporated (NASDAQ:VRAY)’s short sellers to cover VRAY’s short positions. The SI to Viewray Incorporated’s float is 23.17%. The stock increased 2.82% or $0.23 during the last trading session, reaching $8.4. About 248,579 shares traded. ViewRay, Inc. (NASDAQ:VRAY) has risen 34.94% since February 15, 2017 and is uptrending. It has outperformed by 18.24% the S&P500.

Among 8 analysts covering Independent Bank (NASDAQ:INDB), 1 have Buy rating, 1 Sell and 6 Hold. Therefore 13% are positive. Independent Bank had 23 analyst reports since July 20, 2015 according to SRatingsIntel. The stock of Independent Bank Corp. (NASDAQ:INDB) earned “Sell” rating by Compass Point on Tuesday, September 20. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Sunday, July 23. As per Wednesday, August 26, the company rating was downgraded by Zacks. On Thursday, October 19 the stock rating was maintained by Piper Jaffray with “Hold”. Compass Point downgraded the stock to “Neutral” rating in Wednesday, October 11 report. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Monday, June 26 report. Zacks upgraded the shares of INDB in report on Thursday, August 20 to “Hold” rating. The rating was downgraded by Sandler O’Neill on Wednesday, August 31 to “Sell”. Compass Point maintained Independent Bank Corp. (NASDAQ:INDB) on Friday, October 16 with “Neutral” rating. Compass Point upgraded Independent Bank Corp. (NASDAQ:INDB) on Friday, July 21 to “Buy” rating.

Investors sentiment decreased to 1.17 in Q3 2017. Its down 0.46, from 1.63 in 2017Q2. It turned negative, as 9 investors sold INDB shares while 43 reduced holdings. 15 funds opened positions while 46 raised stakes. 21.80 million shares or 4.23% more from 20.92 million shares in 2017Q2 were reported. Ny State Teachers Retirement System reported 35,029 shares. Moreover, Rockland has 3.66% invested in Independent Bank Corp. (NASDAQ:INDB) for 565,848 shares. Beaumont Financial Prns Limited Com reported 3,298 shares. Ls Advisors Limited Liability Company invested 0% in Independent Bank Corp. (NASDAQ:INDB). Moreover, Silvercrest Asset Mgmt Gp Ltd Liability Corp has 1.26% invested in Independent Bank Corp. (NASDAQ:INDB) for 1.70M shares. National Bank Of New York Mellon Corporation, New York-based fund reported 546,245 shares. National Planning Corporation has 4,364 shares. Endurance Wealth Management reported 127,408 shares. Royal Bancshares Of Canada accumulated 3,313 shares. Tiaa Cref Invest Mngmt Lc stated it has 104,525 shares. Walthausen And Ltd Llc invested in 86,948 shares. Hennessy Advisors Inc holds 0.21% or 90,000 shares. Quebec – Canada-based Sector Pension Inv Board has invested 0.01% in Independent Bank Corp. (NASDAQ:INDB). The Massachusetts-based Middleton & Ma has invested 0.06% in Independent Bank Corp. (NASDAQ:INDB). & Management Com holds 2,379 shares.

Hennessy Advisors Inc increased Guaranty Bancshares Inc Tex (GNTY) stake by 10,000 shares to 55,000 valued at $1.76M in 2017Q3. It also upped Centerpoint Energy Inc (NYSE:CNP) stake by 11,000 shares and now owns 947,028 shares. Black Hills Corp (NYSE:BKH) was raised too.

Since October 25, 2017, it had 0 insider buys, and 4 insider sales for $264,428 activity. 700 shares valued at $48,475 were sold by RIBEIRO CARL on Tuesday, December 12. ODDLEIFSON CHRISTOPHER sold $87,125 worth of stock. MISKELL EILEEN C sold $85,526 worth of stock or 1,200 shares. Shares for $43,302 were sold by Abelli Donna L on Thursday, January 25.

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