Mario Gabelli Ups His Holdings in EXAC, TWIN and LAYN
Mario Gabelli upped his holdings in Exactech this week by 7.42% as he added 47,609 shares to holdings. He bought these shares at $18.84 per share, and since his buy the price per share is up approximately 1%. Gabelli currently holds 689,617 shares of Exactech, representing 5.17% of the company’s shares outstanding.
Gabelli’s holding history of Exactech as of March 31.
Exactech is a developer and producer of bone and joint restoration products for hip, knee, shoulder, spine and biologic materials.
Recently, Exactech announced its first implantations of a new hip replacement system to preserve a key portion of patients’ bone in total hip arthroplasty procedures. The Exactech LPI Prime hip system is a significantly more conservative treatment option. The system maintains more of the patient’s femoral bone and the stem is designed to fit into smaller incisions made by the surgeon, resulting in less scarring.
Two orthopedic surgeons have recently performed the first surgeries using the new hip system and have reported excellent experiences with the implants and instrumentation. The initial launch for the system is underway in the U.S. and the full market release is planned for 2014.
Exactech has a market cap of $258 million; its shares were traded at around $19.50 with a P/E ratio of 19.60 and a P/S ratio of 1.10. The company had an annual average earnings growth of 8.9% over the past 10 years. GuruFocus rated Exactech the business predictability rank of 5-star.
According to the GuruFocus analysis on Exactech:
· The company has issued $23.639 million of debt over the past three years.
· The company’s P/S ratio is near a 2-year high of 1.23.
· Exactech has shown predictable revenue and earnings growth.
Exactech’s historical price, revenue and net income:
According to the Peter Lynch Chart, Exactech appears to be overvalued:
Mario Gabelli, Jim Simons and Chuck Royce maintain holdings in Exactech. Click here to see their holding histories.
Twin Disc (TWIN)
Gabelli increased his holdings in Twin Disc by 5.96% this week. The guru added a total of 43,133 shares at an average price of $22.72 per share. Since his buy, the price per share is up approximately 3%. Gabelli now holds 766,996 shares of Twin Disc, representing 6.82% of the company’s shares outstanding.
Gabelli’s holding history of Twin Disc as of the end of the first quarter:
Twin Disc designs, manufactures and sells marine and heavy-duty off-highway power transmission equipment. The Company sells its products to customers primarily in the pleasure craft, commercial and military marine markets, as well as in the energy and natural resources, government and industrial markets.
On June 25, Twin Disc released a statement reporting that its board has elected John H. Batten to succeed his father Michael as the company’s CEO. John Batten will become the CEO effective Nov. 1 as his father Michael will retire as an employee at the end of the year.
John Batten currently works as the COO and has been with the company since 1996. Michael will stay on with the company after his retirement as a non-executive chairman. He joined the company in 1970 and has been the CEO since 1983.
According to the analysis on Twin Disc reports:
· The operating margin has been in a 5-year decline.
· The revenue has been in decline over the past year.
· The P/E ratio is close to the 2-year high of 58.59.
Twin Disc’s historical price, revenue and net income:
According to the Peter Lynch Valuation, Twin Disc appears to be overvalued:
Twin Disc has a market cap of $252.2 million; its shares were traded at around $23.14 with a P/E ratio of 59.10 and a P/S ratio of 0.90. The dividend yield for Twin Disc stocks is 1.50%. The company had an annual average earnings growth of 20% over the past 10 years.
Mario Gabelli and Joel Greenblatt hold a stake in Twin Disc. Click here to view their holding histories.
Layne Christensen Company (LAYN)
Gabelli made his largest increase in Layne Christensen this week as he upped his holdings by 10.37%. The guru bought a total of 164,300 shares at an average price of $19.32 per share. Since his buy, the price per share is up about 1%. Gabelli currently owns 1,748,162 shares of Layne Christensen, representing over 8% of the company’s shares outstanding.
Gabelli also increased his holdings in LAYN by 11.87% in April.
Gabelli’s holding history of Layne Christensen as of March 31:
Layne is a global water management, construction and drilling company, providing solutions to the world of essential natural resources—water, mineral and energy. The company provides sustainable products and services with an “enduring commitment to safety, excellence and integrity.”
On June 26, shares of Layne Christensen crossed below their last reported book value — defined as common shareholder equity per share — of $19.69, changing hands as low as $19.51 per share.
The analysis on Layne reports:
· The company has issued $87.013 million of debt in the past three years.
· The revenue has been in decline this past year.
· The P/S ratio is nearing a 1-year high of 0.43.
· The company has had operating loss over the past 3 years.
Layne Christensen’s historical price, revenue and net income:
Layne Christensen has a market cap of $379.7 million; its shares were traded at around $19.27 with a P/E ratio of 27.40 and a P/S ratio of 0.40.
Mario Gabelli, Chuck Royce and Arnold Van Den Berg all maintain holdings in Layne Christensen. Click here to see their holding histories.
You can view Mario Gabelli’s current portfolio here. Also check out the Guru Real Time Picks where you can see the stock purchases and sales that Gurus have made within the past 2 weeks.
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