Confluence Investment Management Trimmed Its Franklin Electric Co. (FELE) Stake; Shorts at Jupai Holdings Limited American Depositary Shares (JP) Raised By 44.86%

Franklin Electric Co., Inc. (NASDAQ:FELE) Logo

Confluence Investment Management Llc decreased Franklin Electric Co. Inc. (FELE) stake by 18.24% reported in 2017Q4 SEC filing. Confluence Investment Management Llc sold 14,434 shares as Franklin Electric Co. Inc. (FELE)’s stock declined 11.12%. The Confluence Investment Management Llc holds 64,685 shares with $2.97M value, down from 79,119 last quarter. Franklin Electric Co. Inc. now has $1.95 billion valuation. The stock increased 0.60% or $0.25 during the last trading session, reaching $42. About 67,585 shares traded. Franklin Electric Co., Inc. (NASDAQ:FELE) has declined 2.56% since April 15, 2017 and is downtrending. It has underperformed by 14.11% the S&P500.

Jupai Holdings Limited American Depositary Shares (NYSE:JP) had an increase of 44.86% in short interest. JP’s SI was 330,000 shares in April as released by FINRA. Its up 44.86% from 227,800 shares previously. With 346,700 avg volume, 1 days are for Jupai Holdings Limited American Depositary Shares (NYSE:JP)’s short sellers to cover JP’s short positions. The SI to Jupai Holdings Limited American Depositary Shares’s float is 2.56%. The stock decreased 1.67% or $0.33 during the last trading session, reaching $19.42. About 182,777 shares traded. Jupai Holdings Limited (NYSE:JP) has risen 116.43% since April 15, 2017 and is uptrending. It has outperformed by 104.88% the S&P500.

Jupai Holdings Limited provides wealth management services in China. The company has market cap of $646.15 million.

Analysts await Franklin Electric Co., Inc. (NASDAQ:FELE) to report earnings on April, 26. They expect $0.38 earnings per share, up 15.15% or $0.05 from last year’s $0.33 per share. FELE’s profit will be $17.68 million for 27.63 P/E if the $0.38 EPS becomes a reality. After $0.42 actual earnings per share reported by Franklin Electric Co., Inc. for the previous quarter, Wall Street now forecasts -9.52% negative EPS growth.

Confluence Investment Management Llc increased Ishares Corporate Ex Financial stake by 13,994 shares to 391,747 valued at $9.61M in 2017Q4. It also upped Mts Systems Corp. (NASDAQ:MTSC) stake by 6,820 shares and now owns 377,380 shares. Paychex Inc. (NASDAQ:PAYX) was raised too.

Investors sentiment increased to 1.38 in Q4 2017. Its up 0.14, from 1.24 in 2017Q3. It is positive, as 10 investors sold FELE shares while 48 reduced holdings. 27 funds opened positions while 53 raised stakes. 35.27 million shares or 0.28% less from 35.37 million shares in 2017Q3 were reported. Whittier Trust Co Of Nevada invested in 2,550 shares or 0.01% of the stock. Teachers Retirement Systems Of The State Of Kentucky reported 0.01% of its portfolio in Franklin Electric Co., Inc. (NASDAQ:FELE). Connable Office reported 0.07% in Franklin Electric Co., Inc. (NASDAQ:FELE). Kennedy Management Inc reported 0.16% of its portfolio in Franklin Electric Co., Inc. (NASDAQ:FELE). Pinebridge Invests Limited Partnership holds 0.04% of its portfolio in Franklin Electric Co., Inc. (NASDAQ:FELE) for 36,978 shares. 8,707 were reported by Janney Montgomery Scott Lc. Thompson Siegel And Walmsley Lc has 800 shares. 73,039 are owned by California State Teachers Retirement Systems. First Manhattan has invested 0.01% of its portfolio in Franklin Electric Co., Inc. (NASDAQ:FELE). Indiana-based Old National Natl Bank In has invested 0.02% in Franklin Electric Co., Inc. (NASDAQ:FELE). Moreover, Strs Ohio has 0% invested in Franklin Electric Co., Inc. (NASDAQ:FELE) for 200 shares. Stratos Wealth Partners Limited reported 28 shares stake. Susquehanna Grp Incorporated Limited Liability Partnership reported 8,526 shares stake. Invesco accumulated 0.01% or 346,388 shares. The Nebraska-based Ameritas Inv Prns has invested 0.01% in Franklin Electric Co., Inc. (NASDAQ:FELE).

Franklin Electric Co., Inc. (NASDAQ:FELE) Institutional Positions Chart