Is Buying Bankwell Financial Group Incorporated (NASDAQ:BWFG), Having Higher Short Interest a Winning Strategy?

June 19, 2017 - By Vivian Currie

 Is Buying Bankwell Financial Group Incorporated (NASDAQ:BWFG), Having Higher Short Interest a Winning Strategy?

Investors sentiment increased to 3.13 in Q4 2016. Its up 1.49, from 1.64 in 2016Q3. It increased, as 1 investors sold Bankwell Financial Group Inc shares while 7 reduced holdings. 9 funds opened positions while 16 raised stakes. 6.38 million shares or 105.97% more from 3.10 million shares in 2016Q3 were reported.
Blackrock Investment Mgmt Limited Liability reported 23,614 shares stake. Strs Ohio has 0% invested in Bankwell Financial Group Inc (NASDAQ:BWFG). National Bank & Trust Of America Corporation De owns 2,262 shares. Alliancebernstein L P holds 11,418 shares or 0% of its portfolio. Endicott Mngmt stated it has 689,676 shares or 12.37% of all its holdings. Legal And General Gp Public Ltd reported 1,010 shares. Prelude Mngmt Lc stated it has 0% in Bankwell Financial Group Inc (NASDAQ:BWFG). State Street stated it has 82,119 shares. Blackrock Institutional Tru Na has 41,461 shares. Wasatch holds 0.03% or 61,000 shares. Rmb Limited Liability Co holds 0.26% or 145,950 shares. Cornerstone Capital Mngmt Liability, a New York-based fund reported 7,300 shares. Renaissance Tech accumulated 0.01% or 133,600 shares. Greenwich Wealth Mngmt Limited Liability invested in 0.03% or 7,274 shares. Buckingham Asset Management Ltd Liability Co reported 29,835 shares.

Since February 14, 2017, it had 3 insider purchases, and 6 sales for $1.07 million activity. Lampert Todd sold $120,304 worth of stock or 3,898 shares. $107,414 worth of Bankwell Financial Group Inc (NASDAQ:BWFG) was sold by Fieber James A on Thursday, March 2. $2,532 worth of Bankwell Financial Group Inc (NASDAQ:BWFG) was bought by Ivanov Penko Krassimir. Shares for $47,250 were bought by Porto Carl M.

The stock of Bankwell Financial Group Incorporated (NASDAQ:BWFG) registered an increase of 0.97% in short interest. BWFG’s total short interest was 51,900 shares in June as published by FINRA. Its up 0.97% from 51,400 shares, reported previously. With 7,800 shares average volume, it will take short sellers 7 days to cover their BWFG’s short positions. The short interest to Bankwell Financial Group Incorporated’s float is 0.98%.

About 609 shares traded. Bankwell Financial Group Inc (NASDAQ:BWFG) has risen 54.83% since June 19, 2016 and is uptrending. It has outperformed by 38.13% the S&P500.

Bankwell Financial Group, Inc. is a bank holding company. The company has market cap of $244.87 million. The Firm offers a range of financial services through its banking subsidiary, Bankwell Bank . It has a 19.4 P/E ratio. The Bank is a Connecticut state non-member bank.

More news for Bankwell Financial Group Inc (NASDAQ:BWFG) were recently published by: Businesswire.com, which released: “Bankwell Financial Group Reports the Resignation of Its Chief Operating Officer” on November 13, 2015. Businesswire.com‘s article titled: “Bankwell Financial Group, Inc. Reports the Planned Retirement of Its Chief …” and published on June 14, 2016 is yet another important article.

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