1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Sally Jones
Sally Jones
Articles (580) 

Large Shareholder Mario Gabelli - No Nap for INAP

March 27, 2013 | About:

On March 25, 2013, GAMCO Investors’ Chairman and Chief Executive Officer Mario Gabelli reduced his Internap Network Services (NASDAQ:INAP) position by 0.02%, leaving him with 6,062,667 shares. INAP current share price is $9.39 with a 0% change. Since 1996 Internap Network Services (NASDAQ:INAP) has provided high-performance IT technologies and solutions that help businesses transform their IT infrastructure into a competitive advantage. The company sells its managed hosting services at 38 data centers across North America, Europe and the Asia-Pacific region. On March 25, 2013, Benchmark Co. raised its price target on Internap from $8.50 to $12 based on the belief that INAP could benefit from positive industry trends and a shift towards managed hosting and cloud services.

According to GuruFocus, INAP stock price is up 32% year to date. The company has a market cap of $502.5 million; its P/E ratio is 3130.2 with a P/S ratio of 1.8.

Until his latest adjustment, Gabelli’s holding history shows measured increases of INAP since second quarter of 2011.

GuruFocus performed a checkup on the company’s financials and performance data and found four warning signs: Internap Network has a low Piotroski F-Score of 2, which usually implies poor business operation. Also, the company’s asset growth is faster than its revenue growth. Additionally, the INAP price ($9.39) is close to a five-year high of $9.17; the stock’s P/S ratio (1.7013) is close to a five-year high of 1.7013.

Gabelli’s company, GAMCO Investors, lists 792 stocks in a portfolio valued at $13.6 billion, with a quarter-over-quarter turnover at 6 percent. At the end of fourth quarter 2012, GAMCO Investors Inc. (GBL) announced fourth quarter earnings of $17.6 million, and assets under management at $36.4 billion, a record at year-end. For revenue, GAMCO Investors ranks higher than 92% of the 13 companies in the industry. For earnings yield, GAMCO Investors ranks higher than 54% of the 13 companies in the industry.

A legendary investor from the Bronx, Guru Gabelli is also known for his television commentary on CNN and CNBC. His “private market value with a catalyst” methodology is now an analytical standard in the value investing community.

Here’s a look at Mario Gabelli’s recent top buys, top sales and top holdings:

GuruFocus "Real Time Picks" reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only. If you are not a Premium Member, we invite you for a 7-day Free Trial.

About the author:

Sally Jones
Sally Jones writes about Real Time Picks. She says, "I truly enjoy watching the Gurus in realtime and telling their story."

Rating: 2.3/5 (6 votes)


Please leave your comment:

GuruFocus Mobile App

User Generated Screeners

alexhcyuInsider Buy 3 Months
blohmventuresprice/earnings power. p/fcf
blohmventuresprice/earnings power
blohmventureslow coverage sp500 pb and p/fc
blohmventuresminimal coverage but in sp500
teichman82interesting 2
apliszkaInsider >$5
blohmventurespetrovski score and earnings p
daftheadergreat cap allocator

Select portfolio(s):

  • Loading...

Why you are interested?

Your selection and notes will be stored in your portfolio.

Login to add portfolio
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)