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Invesco’s Wilbur Ross, Real-Time and Review

November 14, 2013 | About:
Sally Jones

Sally Jones

49 followers
Here’s an update on the third quarter 2013 sells made by Wilbur Ross of Invesco Private Capital. His portfolio currently lists 10 stocks and a total value of $942 million with a quarter-over-quarter turnover of 0%. Guru Ross made no new buys in the third quarter. His average return over 12 months is 21.5%.

Since the end of second quarter, Wilbur Ross has reduced or sold only four companies, including Callidus Software Inc. (CALD), a sales and marketing cloud software company. Callidus reported financial results for the third quarter of 2013 with revenue of $30.7 million, a 28% increase over the same quarter a year ago. Callidus reported a net loss in third quarter of ($1.4 million), translating to ($0.04) per share. The company also had a net loss in the same quarter of 2012 at ($6.4 million). According to a GuruFocus InsiderSell alert, two top executives at Callidus made large reductions this week.

Callidus Software Inc. (CALD): Reduced

Impacts Portfolio: -0.22%

Up 175% over 12 months, Callidus Software Inc., doing business as CallidusCloud, has a market cap of $415.2 million; its shares trade with a P/B ratio of 206.80. The company does not pay a dividend.

Guru Action: As of Sept. 30, 2013, Wilbur Ross reduced his position by 22.24%, selling 325,000 shares at an average price of $7.55 per share, gaining 42.6%. His current shares are 1,136,406.

The current share price is around $10.76, with a change from average up 43%.

Across a five-year history, Wilbur Ross averaged a gain of 299% buying 1,701,406 shares at an average price of $2.70. Selling, he averaged a gain of 62% on 565,000 shares at an average price of $6.65 per share.

Check out the active gurus and major insider selling.

Track historical pricing, revenue and net income:

1384459357713.png

ZipRealty Inc. (ZIPR): Sold Out

Founded in 1999, ZipRealty Inc. is up 115% over 12 months. The company has a market cap of $116.1 million; its shares trade with a P/B ratio of 8.70. The company does not pay a dividend.

Company Earnings: The company reported financial results for the third quarter of 2013 with net revenue of $21.8 million, an 11% increase over the same quarter a year ago at $19.7 million for same-market revenue. The company reported a quarterly net income of $94,000, up from a net loss of ($5 million) in the third quarter a year ago. In the third quarter of 2013, adjusted EBITDA was $1.1 million, up 5% from the same quarter of 2012. At the end of the third quarter, ZipRealty Inc. had cash and cash equivalents of $14.5 million.

Guru Action: As of Sept. 30, 2013, Ross sold out his ZIPR selling 12,282 shares at an average price of $4.15 for a gain of 24.1%, his lowest point in the trading history.

The current share price is around $5.08, with a change from average up 22%.

In five gaining quarters of trading, Ross’s highest gain of 160.1% was made in the third quarter of 2012 when he sold 10,000 shares at an average price of $1.98 per share.

Check out more active gurus and recent insider trading.

Track historical pricing, revenue and net income:

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Select Medical Holdings Corporation (SEM): Sold Out

Impacts Portfolio: -0.1%

Up 18% over 12 months, Select Medical Holdings Corporation has a market cap of $1.19 billion; its shares trade with a P/E ratio of 9.80. The dividend yield is 3.50%.

Company Earnings: The company reported financial results for the third quarter of 2013 with a net income of $$25.2 million, compared to $25.1 million in the same quarter of 2012. Earnings of $0.17 per diluted share were reported in the third quarter of 2012 and 2013.

Guru Action: As of Sept. 30, 2013, Wilbur Ross sold out his SEM holding, unloading 115,121shares at an average price of $8.48 per share, gaining 0.9%.

The current share price is around $8.57, with a change from average up 1%.

Across three trading quarters, Wilbur Ross averaged his highest gain of 4.1% buying 6,621 shares at an average price of $8.22 in the second quarter of 2013.

Ross is one of two gurus selling out SEM in the third quarter. There is recent insider selling.

Track historical pricing, revenue and net income:

1384459698842.png

Real-Time Trade:

As of Nov. 8, 2013, Wilbur Ross further reduced his BankUnited Inc. (BKU) position by 4.31%, after reducing it by 29.03% in the previous week. For both reductions, he sold in the average price range of $30.65 as of Nov. 1, and $31.55 as of Nov. 8, 2013.

The current share price is around $30.92, with a change from average down 2%.

Overall, Wilbur Ross averaged a gain of 8% buying 13,721,131 shares at an average price of $28.58 per share. Selling, he averaged a gain of 17% on 5,531,500 shares at an average price of $26.32 per share.

Read more about Wilbur Ross’s BKU trade.

Starting in 1976, Wilbur Ross led the worldwide bankruptcy advisory practice at Rothschild Inc. He has restructured more than $200 billion in liabilities worldwide. In 200, Guru Ross started his own company, Invesco Private Capital, with $440 million in investor commitments.

Here is the complete portfolio of Wilbur Ross.



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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.

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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: 4.0/5 (4 votes)

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