Kennedy Capital Management LLC Decreases Holdings in Central Pacific Financial Corp. (NYSE:CPF)

Kennedy Capital Management LLC lowered its stake in Central Pacific Financial Corp. (NYSE:CPF) by 4.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 454,013 shares of the financial services provider’s stock after selling 20,760 shares during the period. Kennedy Capital Management LLC owned approximately 1.68% of Central Pacific Financial worth $8,967,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD lifted its stake in shares of Central Pacific Financial by 4.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 25,507 shares of the financial services provider’s stock valued at $504,000 after purchasing an additional 1,020 shares during the last quarter. O Shaughnessy Asset Management LLC raised its holdings in Central Pacific Financial by 5.7% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 58,190 shares of the financial services provider’s stock valued at $1,149,000 after buying an additional 3,138 shares during the period. Acadian Asset Management LLC lifted its position in Central Pacific Financial by 359.7% in the first quarter. Acadian Asset Management LLC now owns 462,925 shares of the financial services provider’s stock worth $9,140,000 after buying an additional 362,232 shares during the last quarter. Vanguard Group Inc. boosted its stake in Central Pacific Financial by 0.8% during the first quarter. Vanguard Group Inc. now owns 2,089,447 shares of the financial services provider’s stock worth $41,267,000 after buying an additional 17,058 shares during the period. Finally, State Board of Administration of Florida Retirement System bought a new position in Central Pacific Financial during the first quarter valued at $409,000. Hedge funds and other institutional investors own 88.42% of the company’s stock.

Insider Buying and Selling

In other news, Director Agnes Catherine Ngo sold 3,333 shares of the stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $22.67, for a total value of $75,559.11. Following the sale, the director now directly owns 75,357 shares in the company, valued at $1,708,343.19. The sale was disclosed in a document filed with the SEC, which is available at this link. 2.70% of the stock is currently owned by corporate insiders.

Central Pacific Financial Trading Up 3.3 %

Shares of CPF traded up $0.84 during midday trading on Tuesday, hitting $25.99. The stock had a trading volume of 297,994 shares, compared to its average volume of 174,499. The stock’s 50 day moving average is $21.53 and its 200 day moving average is $20.20. The firm has a market cap of $702.77 million, a PE ratio of 12.57 and a beta of 1.13. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.86 and a quick ratio of 0.85. Central Pacific Financial Corp. has a 1 year low of $14.69 and a 1 year high of $26.00.

Central Pacific Financial Profile

Central Pacific Financial Corp. operates as the bank holding company for Central Pacific Bank that provides a range of commercial banking products and services to businesses, professionals, and individuals in the United States. It offers various deposit products and services, including checking, savings and time deposits, cash management and digital banking, trust, and retail brokerage services, as well as money market accounts and certificates of deposit.