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Brookline Bancorp, Inc. (BRKL) Touches $17.60 High on May, 17; Shorts at Advent Claymore Convertible Securities and Income (AVK) Raised By 41.98%

Advent Claymore Convertible Securities and Income (NYSE:AVK) had an increase of 41.98% in short interest. AVK’s SI was 18,600 shares in May as released by FINRA. Its up 41.98% from 13,100 shares previously. With 61,000 avg volume, 0 days are for Advent Claymore Convertible Securities and Income (NYSE:AVK)’s short sellers to cover AVK’s short positions. The stock increased 0.39% or $0.06 during the last trading session, reaching $15.33. About 9,529 shares traded. Advent Claymore Convertible Securities and Income Fund (NYSE:AVK) has declined 1.50% since May 17, 2017 and is downtrending. It has underperformed by 13.05% the S&P500.

The stock of Brookline Bancorp, Inc. (NASDAQ:BRKL) reached all time high today, May, 17 and still has $19.01 target or 8.00% above today’s $17.60 share price. This indicates more upside for the $1.41 billion company. This technical setup was reported by Barchart.com. If the $19.01 PT is reached, the company will be worth $112.88 million more. The stock increased 2.03% or $0.35 during the last trading session, reaching $17.6. About 74,002 shares traded. Brookline Bancorp, Inc. (NASDAQ:BRKL) has risen 6.60% since May 17, 2017 and is uptrending. It has underperformed by 4.95% the S&P500.

Another recent and important Advent Claymore Convertible Securities and Income Fund (NYSE:AVK) news was published by Globenewswire.com which published an article titled: “Reminder: Capital Link’s 17th Annual Closed-End Funds & Global ETFS Forum Thursday, May 17, 2018 – the …” on May 14, 2018.

Investors sentiment increased to 1.44 in 2017 Q4. Its up 0.85, from 0.59 in 2017Q3. It increased, as 4 investors sold Advent Claymore Convertible Securities and Income Fund shares while 14 reduced holdings. 8 funds opened positions while 18 raised stakes. 5.93 million shares or 1.58% less from 6.03 million shares in 2017Q3 were reported. Landscape Limited Liability Corp has 37,629 shares for 0.05% of their portfolio. Laurion Limited Partnership invested in 0.01% or 98,487 shares. Sei has invested 0% in Advent Claymore Convertible Securities and Income Fund (NYSE:AVK). Stratos Wealth Limited invested in 0% or 2,381 shares. Nelson Van Denburg & Campbell Wealth Mgmt Ltd Llc stated it has 0% of its portfolio in Advent Claymore Convertible Securities and Income Fund (NYSE:AVK). Park Avenue Securities Ltd Liability Corp has invested 0.07% of its portfolio in Advent Claymore Convertible Securities and Income Fund (NYSE:AVK). Invesco Limited holds 0% of its portfolio in Advent Claymore Convertible Securities and Income Fund (NYSE:AVK) for 167,512 shares. Robinson Capital Ltd Llc owns 42,161 shares or 0.32% of their US portfolio. Rmb Capital Mgmt Lc has invested 0.07% in Advent Claymore Convertible Securities and Income Fund (NYSE:AVK). Morgan Stanley stated it has 0% in Advent Claymore Convertible Securities and Income Fund (NYSE:AVK). Saba Mgmt L P holds 555,844 shares or 0.69% of its portfolio. Arete Wealth Advsr Limited Liability Company owns 183,178 shares or 0.95% of their US portfolio. Advisors Asset Management accumulated 495,460 shares. Ontario – Canada-based Bancorp Of Montreal Can has invested 0% in Advent Claymore Convertible Securities and Income Fund (NYSE:AVK). First Tru Advisors L P holds 0% or 130,741 shares in its portfolio.

Investors sentiment decreased to 1.06 in 2017 Q4. Its down 0.24, from 1.3 in 2017Q3. It turned negative, 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. Moreover, Bancshares Of America De has 0% invested in Brookline Bancorp, Inc. (NASDAQ:BRKL) for 560,874 shares. Eagle Asset has 0.03% invested in Brookline Bancorp, Inc. (NASDAQ:BRKL) for 387,555 shares. 215,134 were accumulated by Parametric Portfolio Associate Lc. Aqr Cap Limited Liability Co owns 84,887 shares. Credit Suisse Ag owns 0% invested in Brookline Bancorp, Inc. (NASDAQ:BRKL) for 49,015 shares. First Advsr Ltd Partnership holds 0% of its portfolio in Brookline Bancorp, Inc. (NASDAQ:BRKL) for 129,191 shares. Clearbridge Limited Liability accumulated 1,000 shares or 0% of the stock. Massachusetts Fincl Ma invested 0% of its portfolio in Brookline Bancorp, Inc. (NASDAQ:BRKL). Adage Capital Ptnrs Grp Limited Liability holds 0% of its portfolio in Brookline Bancorp, Inc. (NASDAQ:BRKL) for 50,000 shares. Ny State Common Retirement Fund accumulated 215,708 shares. Shell Asset Mgmt owns 57,931 shares. Legal General Group Public Ltd stated it has 0% in Brookline Bancorp, Inc. (NASDAQ:BRKL). Endurance Wealth Management Inc reported 27,917 shares stake. Parkside Comml Bank Tru invested in 25 shares or 0% of the stock. Gsa Partners Llp holds 69,856 shares.

Since February 5, 2018, it had 0 insider purchases, and 4 sales for $784,850 activity. 20,000 shares valued at $329,800 were sold by Fess Darryl J. on Tuesday, February 27. 10,000 shares were sold by PECK CHARLES H, worth $164,300. $81,250 worth of Brookline Bancorp, Inc. (NASDAQ:BRKL) was sold by HACKETT JOHN A on Wednesday, February 7. Cosman James M sold $209,500 worth of Brookline Bancorp, Inc. (NASDAQ:BRKL) on Monday, February 5.

Analysts await Brookline Bancorp, Inc. (NASDAQ:BRKL) to report earnings on July, 18. They expect $0.26 earnings per share, up 30.00% or $0.06 from last year’s $0.2 per share. BRKL’s profit will be $20.84M for 16.92 P/E if the $0.26 EPS becomes a reality. After $0.26 actual earnings per share reported by Brookline Bancorp, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Among 4 analysts covering Brookline Bancorp (NASDAQ:BRKL), 0 have Buy rating, 0 Sell and 4 Hold. Therefore 0 are positive. Brookline Bancorp had 16 analyst reports since September 3, 2015 according to SRatingsIntel. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Thursday, June 1. Sandler O’Neill downgraded the stock to “Hold” rating in Thursday, October 19 report. The company was maintained on Thursday, December 21 by Keefe Bruyette & Woods. The firm earned “Buy” rating on Thursday, September 3 by Sandler O’Neill. The stock has “Hold” rating by Piper Jaffray on Thursday, September 21. The rating was maintained by Keefe Bruyette & Woods on Friday, October 13 with “Hold”. The rating was maintained by Keefe Bruyette & Woods on Friday, February 2 with “Hold”. The firm has “Hold” rating by Keefe Bruyette & Woods given on Thursday, October 19. Piper Jaffray initiated Brookline Bancorp, Inc. (NASDAQ:BRKL) on Wednesday, September 16 with “Neutral” rating. The rating was downgraded by Sandler O’Neill on Tuesday, June 7 to “Hold”.

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 25.96 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.

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

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