Gendell Jeffrey L Lowered By $2.12 Million Its First Utd (FUNC) Holding; Last Week New York Mortgage Trust, Inc. (NYMT) Coverage

June 14, 2018 - By Richard Conner

First United Corporation (NASDAQ:FUNC) Logo

Gendell Jeffrey L decreased First Utd Corp (FUNC) stake by 20.01% reported in 2018Q1 SEC filing. Gendell Jeffrey L sold 111,695 shares as First Utd Corp (FUNC)’s stock rose 17.63%. The Gendell Jeffrey L holds 446,368 shares with $8.57 million value, down from 558,063 last quarter. First Utd Corp now has $169.62M valuation. The stock decreased 0.41% or $0.1 during the last trading session, reaching $24. About 63,770 shares traded or 209.35% up from the average. First United Corporation (NASDAQ:FUNC) has risen 38.44% since June 14, 2017 and is uptrending. It has outperformed by 25.87% the S&P500. Some Historical FUNC News: ; 08/03/2018 First United Corporation Announces Second Quarter Dividend; 20/03/2018 – DOT STB: Case Title: HARTWELL FIRST UNITED METHODIST CHURCH–ADVERSE ABANDONMENT AND DISCONTINUANCE–THE GREAT WALTON; 15/05/2018 – Second Curve Capital LLC Exits Position in First United; 24/05/2018 – Global Strategy and Technology Consultancy, Levvel, Announces First United Kingdom Office; 22/04/2018 – DJ First United Corporation, Inst Holders, 1Q 2018 (FUNC); 11/05/2018 – Ejf Capital Buys New 2.5% Position in First United

Among 7 analysts covering New York Mortgage Trust (NASDAQ:NYMT), 1 have Buy rating, 0 Sell and 6 Hold. Therefore 14% are positive. New York Mortgage Trust had 21 analyst reports since August 6, 2015 according to SRatingsIntel. As per Thursday, August 6, the company rating was maintained by Deutsche Bank. Maxim Group maintained New York Mortgage Trust, Inc. (NASDAQ:NYMT) on Monday, November 9 with “Buy” rating. Maxim Group maintained New York Mortgage Trust, Inc. (NASDAQ:NYMT) on Wednesday, February 21 with “Buy” rating. The firm earned “Buy” rating on Friday, May 4 by Maxim Group. Keefe Bruyette & Woods maintained it with “Hold” rating and $600 target in Sunday, August 13 report. The stock of New York Mortgage Trust, Inc. (NASDAQ:NYMT) has “Market Perform” rating given on Tuesday, August 9 by Wood. Barclays Capital maintained the shares of NYMT in report on Tuesday, October 10 with “Equal-Weight” rating. The stock of New York Mortgage Trust, Inc. (NASDAQ:NYMT) has “Equal Weight” rating given on Tuesday, November 10 by Barclays Capital. Maxim Group maintained it with “Buy” rating and $6.5000 target in Friday, August 4 report. Keefe Bruyette & Woods maintained the shares of NYMT in report on Thursday, February 22 with “Hold” rating. See New York Mortgage Trust, Inc. (NASDAQ:NYMT) latest ratings:

04/05/2018 Broker: Maxim Group Rating: Buy New Target: $6.2500 Maintain
22/02/2018 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $5.5 Maintain
22/02/2018 Broker: FBR Capital Rating: Hold New Target: $6.25 Maintain
21/02/2018 Broker: Maxim Group Rating: Buy New Target: $6.25 Maintain

More news for First United Corporation (NASDAQ:FUNC) were recently published by: Seekingalpha.com, which released: “Big Opportunity In Small Caps” on June 11, 2018. Seekingalpha.com‘s article titled: “First United up 6% after Russell 2000 inclusion” and published on June 11, 2018 is yet another important article.

Gendell Jeffrey L increased Bank Amer Corp (NYSE:BAC) stake by 777,475 shares to 1.16 million valued at $34.71M in 2018Q1. It also upped Cb Finl Svcs Inc (NASDAQ:CBFV) stake by 9,736 shares and now owns 56,861 shares. Ambac Finl Group Inc (NASDAQ:AMBC) was raised too.

Since March 22, 2018, it had 1 insider purchase, and 1 sale for $2,730 activity. Sturm Tonya K. also sold $95 worth of First United Corporation (NASDAQ:FUNC) shares. McCullough John bought 146 shares worth $2,825.

Investors sentiment decreased to 1 in 2018 Q1. Its down 0.63, from 1.63 in 2017Q4. It worsened, as 5 investors sold FUNC shares while 7 reduced holdings. 3 funds opened positions while 9 raised stakes. 1.74 million shares or 9.49% more from 1.59 million shares in 2017Q4 were reported. 35,586 were accumulated by California Employees Retirement Systems. Royal Retail Bank Of Canada has 0% invested in First United Corporation (NASDAQ:FUNC). Earnest Prns Lc stated it has 0% in First United Corporation (NASDAQ:FUNC). Morgan Stanley owns 9,678 shares for 0% of their portfolio. Ejf Limited Liability Corporation has 177,178 shares. Dimensional Fund Advisors LP accumulated 276,511 shares. Blackrock accumulated 34,147 shares. Deutsche Natl Bank Ag has invested 0% of its portfolio in First United Corporation (NASDAQ:FUNC). Bankshares Of New York Mellon stated it has 11,909 shares or 0% of all its holdings. Pinnacle reported 0% of its portfolio in First United Corporation (NASDAQ:FUNC). Envestnet Asset Mgmt has invested 0% in First United Corporation (NASDAQ:FUNC). Federated Invsts Pa has 561 shares. Glenmede Trust Na holds 0% or 500 shares in its portfolio. Geode Cap Management Ltd Co has invested 0% in First United Corporation (NASDAQ:FUNC). Janney Montgomery Scott Lc has 33,873 shares.

Investors sentiment increased to 2.03 in 2018 Q1. Its up 0.59, from 1.44 in 2017Q4. It is positive, as 12 investors sold New York Mortgage Trust, Inc. shares while 26 reduced holdings. 36 funds opened positions while 41 raised stakes. 52.61 million shares or 33.01% more from 39.55 million shares in 2017Q4 were reported. Royal Bank & Trust Of Canada holds 537,362 shares or 0% of its portfolio. Proshare Advsrs Ltd Liability Corp reported 0% in New York Mortgage Trust, Inc. (NASDAQ:NYMT). Bancorp Of Ny Mellon has invested 0% of its portfolio in New York Mortgage Trust, Inc. (NASDAQ:NYMT). Ls Advisors Ltd Liability Corporation holds 0% or 3,285 shares in its portfolio. California Employees Retirement holds 500,050 shares or 0% of its portfolio. Texas-based Teacher Retirement System Of Texas has invested 0% in New York Mortgage Trust, Inc. (NASDAQ:NYMT). Moreover, Aperio Llc has 0% invested in New York Mortgage Trust, Inc. (NASDAQ:NYMT) for 78,322 shares. Janney Montgomery Scott Llc invested 0% in New York Mortgage Trust, Inc. (NASDAQ:NYMT). Rhumbline Advisers has invested 0% in New York Mortgage Trust, Inc. (NASDAQ:NYMT). Systematic Management Limited Partnership invested 0.03% in New York Mortgage Trust, Inc. (NASDAQ:NYMT). Jefferies Ltd stated it has 63,400 shares or 0% of all its holdings. Weiss Asset Ltd Partnership owns 30,030 shares for 0.01% of their portfolio. Sg Americas Securities Lc invested in 0% or 17,288 shares. Strs Ohio reported 0% in New York Mortgage Trust, Inc. (NASDAQ:NYMT). 10,481 were accumulated by Mackenzie Fincl Corp.

Another recent and important New York Mortgage Trust, Inc. (NASDAQ:NYMT) news was published by Nasdaq.com which published an article titled: “Analysis: Positioning to Benefit within Kinross Gold, New York Mortgage Trust, POSCO, NXP Semiconductors NV …” on June 04, 2018.

New York Mortgage Trust, Inc. (NASDAQ:NYMT) Institutional Positions Chart

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