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Mario Gabelli’s Real Time Updates

September 05, 2013 | About:
Monica Wolfe

Monica Wolfe

119 followers
As reported by the GuruFocus Real Time Picks, Mario Gabelli updated two of his positions over the past week. The guru increased his holdings in Tredegar and reduced his position in Westwood Holdings. As of the close of the second quarter, Gabelli held on to 799 shares valued at nearly $16 billion.

Tredegar Corporation (TG)


Gabelli upped his stake in Tredegar over the past week. The guru increased his position by a rather small 3.98% by purchasing a total of 141,160 shares. He bought these shares at an average price of $22.35 per share, and the price is now trading up about 2%.

Since his most recent buy the guru holds on to a total of 3,690,517 shares, representing 11.5% of the company’s shares outstanding.

Gabelli’s holding history as of the second quarter:

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Based in Richmond, Va., Tredegar Corporation is a global manufacturer of plastic films and aluminum extrusions. The company employs over 2,000 people at more than 15 locations throughout North America, Europe, Asia and Latin America.

Tredegar’s historical revenue and net income:

The company’s second quarter financial results highlighted:

· Film Products’ operating profit was $18.7 million, representing an increase of $5.3 million from last year.

· Net income of $9.6 million, or $0.29 per diluted share, compared to $7.4 million, or $0.23 per share.

· Bonnell Aluminum’s operating profit was $4.3 million, up $0.5 million from last year.

Tredegar has a market cap of $735.2 million. Its shares are currently trading at around $22.79 with a P/E ratio of 15.60, a P/S ratio of 0.80 and a P/B ratio of 1.90. The company had an annual average earnings growth of 5.7% over the past ten years.

Westwood Holdings Group (WHG)

Gabelli reduced his position in Westwood Holdings over the past week. The guru sold a total of 48,900 shares making for a -6.25% reduction in his holdings. The guru sold these shares at an average price of $47.51 per share, and the price has since then increased about 3%.

Gabelli now holds on to 733,100 shares of Westwood Holdings, representing 8.95% of the company’s shares outstanding. Gabelli has been consistently decreasing his position in Westwood since the fourth quarter 2010.

Gabelli’s holding as of the second quarter:

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Westwood Holdings Group provides investment management services to institutional investors, private wealth clients and financial intermediaries. Westwood manages a variety of investment strategies including U.S., Global and Emerging Markets equities as well as income-oriented portfolios.

Westwood Holdings’ historical revenue and net income:

1378333076501.png

The analysis on Westwood reports that the company’s dividend yield is at a 3-year low, that the company’s price is nearing a 10-year high, the company has strong financial strength and it also holds no debt.

The company’s second quarter results reported:

· Quarterly revenues increased 17% from last year.

· The company gained $899,000 from the sale of 100,000 shares of Teton Advisors.

· Economic EPS were $1.07 compared to $0.72 per share last year.

· Diluted EPS was $0.65 compared to $0.30 last year.

· Assets under management exceeded $1.5 billion as of June 30, up 75% from year end.

Westwood Holdings has a market cap of $400.7 million. Its shares are currently trading at around $48.92 with a P/E ratio of 26.40, a P/S ratio of 4.40 and a P/B ratio of 5.00. The dividend yield of Westwood stocks is 3.20%. The company had an annual average earnings growth of 12.2% over the past 10 years.

GuruFocus rated Westwood the business predictability rank of 3-star.

Check out Mario Gabelli’s real time picks and second quarter portfolio here.

Try a free 7-day premium membership here.

Rating: 4.5/5 (2 votes)

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