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Mariko Gordon's First Quarter Top Five

May 15, 2014 | About:
Monica Wolfe

Monica Wolfe

121 followers
“Thrift, fearlessness, resilience, hard work, intellectual curiosity and an ability to take and avoid risk are in my blood—a perfect pedigree for a money manager.” - Mariko Gordon

Mariko Gordon is one of the newest gurus introduced to the exclusive list of investment gurus followed by GuruFocus. Gordon founded Daruma Capital Management in 1995, after having worked with Valenzuela Capital Management as well as the small-cap guru Chuck Royce and his fund, Royce & Associates. Currently Mariko Gordon is the CEO and CIO of her fund Daruma Asset Management.

Over the past quarter Gordon purchased 20 new stocks bringing her total number of stocks to 78 valued at $2.52 billion. The following five companies represent Mariko Gordon’s top five positions as of the close of the fourth quarter.

Pacira Pharmaceuticals (PCRX)

The guru’s largest holding is in Pacira Pharmaceuticals. Gordon holds on to 1,371,042 shares of the company’s stock, representing 3.8% of her total portfolio as well as 4.11% of the company’s shares outstanding.

Over the past quarter Mariko Gordon (Trades, Portfolio) upped her position 5.13% by purchasing 66,852 shares. She bought these shares near the average quarterly price of $68.02. Since her increase the price per share has increased approximately 7.4%.

Gordon’s historical holding history:

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Pacira Pharmaceuticals is a pharmaceutical company engaged in the development, commercialization and manufacture of proprietary pharmaceutical products, based on its proprietary DepoFoam drug delivery technology, for use in hospitals and ambulatory surgery centers.

Pacira’s historical revenue and net income:

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The analysis on Pacira reports that the company’s revenue per share has declined over the past five years. It also notes that the company’s price is trading at near a 5-year high.

Pacira Pharmaceuticals has a market cap of $2.67 billion. Its shares are currently trading at around $74.89 with a P/S ratio of 22.70.

Carrizo Oil & Gas (CRZO)

Gordon’s second largest holding is in Carrizo Oil & Gas where she maintains 1,756,082 shares of the company’s stock. This position makes up for 3.7% of her holdings and 4.30% of the company’s shares outstanding.

Over the past quarter the guru reduced her position -2.26% by selling 40,531 shares of the company’s stock. She sold these shares near the estimated average quarterly price of $45.86, and since then the price per share has increased approximately 20.5%.

Gordon’s historical holding history:

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Carrizo, together with its subsidiaries, is engaged in the exploration, development and production of oil and gas in the United States and United Kingdom.

Carrizo’s historical revenue and net income:

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The analysis reports that the company has issued $343.88 million of debt over the past three years, its price is near a 5-year high and its Piotroski F-Score is high.

The Peter Lynch Chart suggests that the company is currently overvalued:

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Carrizo Oil & Gas has a market cap of $2.51 billion. Its shares are currently trading at around $55.28 with a P/E ratio of 49.40 and a P/S ratio of 4.30.

Brunswick (BC)

The guru’s third largest holding is in Brunswick Corporation where she holds on to 1,993,557 shares of the company’s stock. This position makes up for 3.6% of her total portfolio as well as 2.20% of the company’s shares outstanding.

During the first quarter Gordon upped her holdings 6.92% by purchasing a total of 129,089 shares of the company’s stock. She bought these shares in the first quarter price range of $40.13 to $46.74, with an estimated average quarterly price of $44.01 per share. Since this increase the price per share has dropped approximately -9.5%.

Mariko Gordon’s historical holding history:

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Brunswick Corporation is a global manufacturer and marketer of boats. Their portfolio includes various boats as well as marine parts and accessories including motors, propellers, positioning systems and navigations systems. Along with boating equipment, the company also owns and operates Brunswick bowling centers in the U.S. and internationally.

Brunswick’s historical revenue and net income:

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The analysis on Brunswick reports that the company’s revenue has been in decline over the past five years, its price is at a 10-year high and its Piotroski F-Score is high, indicating a healthy situation.

The Peter Lynch Chart suggests that the company is currently undervalued:

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Brunswick Corporation has a market cap of $3.7 billion. Its shares are currently trading at around $39.95 with a P/E ratio of 5.00, a P/S ratio of 1.00 and a P/B ratio of 3.40.

Acxiom (ACXM)

Acxiom Corporation is Mariko Gordon’s fourth largest holding with 2,647,903 shares. This position makes up for 3.6% of the guru’s portfolio holdings as well as 3.58% of the company’s shares outstanding.

During the first quarter Gordon cut her holdings -6.03% by selling 169,824 shares of the company’s stock. She sold these shares in the fourth quarter price range of $32.14 to $38.90, with an estimated average quarterly price of $36.01 per share. Since then the price per share has dropped approximately -41.2%.

Gordon’s historical holding history of Acxiom:

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Acxiom Corporation is an enterprise data, analytics and software-as-a-service company. The company operates out of two segments: marketing and data. Acxiom helps clients connect and analyze online, offline, customer and partner data.

Acxiom’s historical revenue and net income:

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The analysis on Acxiom Corporation reports that the company’s revenue has been in decline over the past five years, its price is near a 10-year high and its operating margin is expanding.

The Peter Lynch Chart suggests that the company is currently overvalued:

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Acxiom Corporation has a market cap of $1.62 billion. Its shares are currently trading at around $21.16 with a P/E ratio of 31.80, a P/S ratio of 1.40 and a P/B ratio of 2.40.

Dealertrack Technologies (TRAK)

Mariko Gordon (Trades, Portfolio)’s fifth largest position is in Dealertrack Technologies where she maintains 1,742,115 shares of the company’s stock. This position makes up for 3.4% of the guru’s total portfolio as well as 3.98% of the company’s shares outstanding.

Gordon reduced her holdings -10.52% over the past quarter by selling 204,717 shares of the company’s stock. She sold these shares in the quarterly price range of $44.02 to $58.60, with an estimated average quarterly price of $41.62. Since then the price per share has decreased approximately -23.2%.

Mariko Gordon’s holding history as of the fourth quarter:

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Dealertrack Technologies and its web-based software solutions and services enhance efficiency and profitability for all major segments of the automotive retail industry, including dealers, lenders, OEMs, third-party retailers, agents, and aftermarket providers.

Dealertrack’s historical revenue and net income:

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The analysis on Dealertrack reports that the company’s price is near a 10-year high, its asset growth is faster than its revenue growth and its gross margin has been in a long-term decline.

There are four gurus including Mariko Gordon (Trades, Portfolio) that hold a position in Dealertrack. Check out their holdings here.

Dealertrack has a market cap of $1.71 billion. Its shares are currently trading at around $38.68 with a P/E ratio of 284.40, a P/S ratio of 4.50 and a P/B ratio of 3.60. The company had an annual average earnings growth of 30.70% over the past five years.

Check out Mariko Gordon’s complete first quarter portfolio here. Also check out a little more about her investment strategies and performance data here.

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