Could Baldwin & Lyons, Inc. (BWINB) Change Direction After This Multiple Bottom

December 8, 2017 - By Adrian Erickson

Investors sentiment decreased to 1.28 in 2017 Q2. Its down 0.45, from 1.73 in 2017Q1. It dived, as 8 investors sold Baldwin & Lyons, Inc. shares while 24 reduced holdings. 16 funds opened positions while 25 raised stakes. 7.02 million shares or 0.68% less from 7.07 million shares in 2017Q1 were reported.
California Pub Employees Retirement System owns 0% invested in Baldwin & Lyons, Inc. (NASDAQ:BWINB) for 29,600 shares. Goldman Sachs Grp Incorporated Inc has 0% invested in Baldwin & Lyons, Inc. (NASDAQ:BWINB). Moreover, Morgan Dempsey Mngmt Limited Liability Com has 0.17% invested in Baldwin & Lyons, Inc. (NASDAQ:BWINB) for 18,758 shares. Manufacturers Life The holds 10,215 shares. State Street Corporation holds 0% or 281,452 shares in its portfolio. Indexiq Advsr Lc reported 19,376 shares. Millennium Mngmt Ltd Com owns 23,907 shares or 0% of their US portfolio. Menta Capital Ltd Liability Corporation reported 0.07% of its portfolio in Baldwin & Lyons, Inc. (NASDAQ:BWINB). Prudential has invested 0% in Baldwin & Lyons, Inc. (NASDAQ:BWINB). Baker Ellis Asset Mgmt Ltd Liability Com invested 0.05% of its portfolio in Baldwin & Lyons, Inc. (NASDAQ:BWINB). Jpmorgan Chase And has 41,063 shares. Swiss Natl Bank stated it has 0% of its portfolio in Baldwin & Lyons, Inc. (NASDAQ:BWINB). Franklin Res holds 271,048 shares. Los Angeles & Equity invested in 36,581 shares or 0.01% of the stock. Credit Suisse Ag holds 0% or 8,710 shares.

The stock of Baldwin & Lyons, Inc. (BWINB) shows a multiple bottoms pattern with $21.39 target or 9.00 % below today’s $23.50 share price. The 6 months chart pattern indicates high risk for the $353.74 million company. It was reported on Dec, 8 by Finviz.com. If the $21.39 price target is reached, the company will be worth $31.84M less.
Multiple bottoms are very good trading chart patterns. These patterns have a low break even failure rate and decent average rise in a bull market, giving them a solid performance rank. Back-tests of such patterns show that the break even failure rate is 4%, the average rise: 37%, the throwback rate: 64% and the percentage of stocks meeting their price targets: 64%.

The stock decreased 1.26% or $0.3 during the last trading session, reaching $23.5. About 13,030 shares traded. Baldwin & Lyons, Inc. (NASDAQ:BWINB) has declined 3.36% since December 8, 2016 and is downtrending. It has underperformed by 20.06% the S&P500.

More recent Baldwin & Lyons, Inc. (NASDAQ:BWINB) news were published by: Marketwatch.com which released: “Baldwin & Lyons Inc. Cl B” on January 23, 2011. Also Seekingalpha.com published the news titled: “Baldwin & Lyons Recovers From 52-Week Low As It Faces A Near-Impossible Feat” on April 18, 2017. Insurancejournal.com‘s news article titled: “3 Baldwin & Lyons Senior Execs Resign; CEO Cites Differences with Chairman …” with publication date: May 24, 2016 was also an interesting one.

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