Shaker Investmentsoh Lowers stake in BofI Holding (BOFI)

BofI Holding (BOFI) : Shaker Investmentsoh reduced its stake in BofI Holding by 0.58% during the most recent quarter end. The investment management company now holds a total of 1,149,734 shares of BofI Holding which is valued at $19,097,082 after selling 6,706 shares in BofI Holding , the firm said in a disclosure report filed with the SEC on Jul 14, 2016.BofI Holding makes up approximately 16.93% of Shaker Investmentsoh’s portfolio.

Other Hedge Funds, Including , Windward Capital Management Co Ca sold out all of its stake in BOFI during the most recent quarter. The investment firm sold 10,038 shares of BOFI which is valued $166,731. Foundry Partners added BOFI to its portfolio by purchasing 11,775 company shares during the most recent quarter which is valued at $200,999. BofI Holding makes up approx 0.02% of Foundry Partners’s portfolio.Capstone Asset Management Co boosted its stake in BOFI in the latest quarter, The investment management firm added 2,890 additional shares and now holds a total of 24,866 shares of BofI Holding which is valued at $424,463. BofI Holding makes up approx 0.01% of Capstone Asset Management Co’s portfolio. Mazama Capital Management Inc sold out all of its stake in BOFI during the most recent quarter. The investment firm sold 1,812 shares of BOFI which is valued $32,072.

BofI Holding closed down -0.08 points or -0.48% at $16.61 with 15,75,874 shares getting traded on Monday. Post opening the session at $16.73, the shares hit an intraday low of $16.5 and an intraday high of $16.84 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, BofI Holding reported $0.56 EPS for the quarter, based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus estimate of $0.56. The company had revenue of $92.90 million for the quarter, compared to analysts expectations of $96.87 million. The company’s revenue was up 57.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.35 EPS.

BofI Holding Inc. (BofI) is the holding company for BofI Federal Bank (the Bank). The Bank is a diversified financial services company. The Bank provides consumer and business banking products through its branchless distribution channels and affinity partners. The Bank has deposit and loan customers across the nation including consumer and business checking savings and time deposit accounts and financing for single family and multifamily residential properties small-to-medium size businesses in target sectors and selected specialty finance receivables. The Bank distributes its deposit products through a range of retail distribution channels and its deposits consist of demand savings and time deposits accounts. The Bank distributes its loan products through its retail correspondent and wholesale channels and the loans the Bank retains are primarily first mortgages secured by single family real property and by multifamily real property.

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