Could Brookline Bancorp Inc (NASDAQ:BRKL) See a Reversal After More Sellers Came In?

May 18, 2018 - By Adrian Mccoy

Investors sentiment decreased to 1.06 in Q4 2017. Its down 0.24, from 1.3 in 2017Q3. It fall, as 21 investors sold Brookline Bancorp, Inc. shares while 50 reduced holdings. 28 funds opened positions while 47 raised stakes. 57.14 million shares or 1.40% less from 57.96 million shares in 2017Q3 were reported.
Hgk Asset holds 30,196 shares. Blair William And Il holds 38,656 shares. Bnp Paribas Arbitrage Sa has invested 0% in Brookline Bancorp, Inc. (NASDAQ:BRKL). Citigroup invested 0% in Brookline Bancorp, Inc. (NASDAQ:BRKL). Tci Wealth holds 0% or 73 shares in its portfolio. Employees Retirement Association Of Colorado invested 0% in Brookline Bancorp, Inc. (NASDAQ:BRKL). Boston Advsr Lc invested 0.03% in Brookline Bancorp, Inc. (NASDAQ:BRKL). Arizona State Retirement System reported 128,832 shares or 0.02% of all its holdings. Adirondack Research And Mngmt Incorporated invested in 238,506 shares. Highlander Mgmt Limited Company holds 11,350 shares or 0.13% of its portfolio. Quantbot Techs L P holds 400 shares. Eagle Asset Mngmt holds 0.03% or 387,555 shares. State Of Tennessee Treasury Department, a Tennessee-based fund reported 60,436 shares. 30,496 were reported by Salzhauer Michael. Price T Rowe Associate Md reported 0% stake.

Since February 5, 2018, it had 0 buys, and 4 sales for $784,850 activity. HACKETT JOHN A had sold 5,000 shares worth $81,250. Cosman James M sold $209,500 worth of stock or 12,500 shares. PECK CHARLES H sold 10,000 shares worth $164,300.

The stock of Brookline Bancorp Inc (NASDAQ:BRKL) registered an increase of 5.23% in short interest. BRKL’s total short interest was 1.53M shares in May as published by FINRA. Its up 5.23% from 1.45 million shares, reported previously. With 238,300 shares average volume, it will take short sellers 6 days to cover their BRKL’s short positions. The short interest to Brookline Bancorp Inc’s float is 2.05%.

The stock decreased 0.57% or $0.1 during the last trading session, reaching $17.55. About 56,643 shares traded. Brookline Bancorp, Inc. (NASDAQ:BRKL) has risen 6.60% since May 18, 2017 and is uptrending. It has underperformed by 4.95% the S&P500.

Brookline Bancorp, Inc. operates as the holding firm for Brookline Bank, Bank Rhode Island, First Ipswich Bank, and Brookline Securities Corp that provide commercial, business, and retail banking services to corporate, municipal, and retail customers. The company has market cap of $1.41 billion. It accepts various deposit products, including demand checking, NOW, savings, money market, and certificate of deposit accounts. It has a 25.88 P/E ratio. The firm also offers loans, such as first mortgage loans secured by commercial, multi-family, and residential real estate properties; loans to business entities comprising commercial lines of credit; loans to condominium associations; and loans and leases used to finance equipment used by small businesses.

More news for Brookline Bancorp, Inc. (NASDAQ:BRKL) were recently published by: Seekingalpha.com, which released: “Brookline Bancorp’s (BRKL) CEO Paul Perrault on Q1 2018 Results – Earnings Call Transcript” on April 29, 2018. Nasdaq.com‘s article titled: “Brookline Bancorp Announces First Quarter Results” and published on April 25, 2018 is yet another important article.

Brookline Bancorp, Inc. (NASDAQ:BRKL) Institutional Positions Chart

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