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Mario Gabelli's Top New Buys

August 06, 2014 | About:
Holly LaFon

Holly LaFon

276 followers
Mario Gabelli (Trades, Portfolio)’s Gabelli Asset Fund rose 4.3% in the second quarter, compared to a 5.2% increase for the S&P 500. Gabelli wrote in his second quarter letter that he expects a continuation of M&A activity in the second half of the year and sees several factors that could affect the market going forward:

“As we have written in the past, the level and trajectory of interest rates and inflation are likely to have the biggest impact on future M&A and the stock market. Spurring the economy to outgrow an eventual normalization of rates is the needle that central banks around the world must thread. There are certainly many obstacles to achieving this goal, including geopolitical instability. The price of oil, often a barometer of global tensions, rose substantially in the quarter and is a factor we monitor carefully, as it could snuff the global recovery.”

GAMCO Investors in the second quarter added 65 new stocks to their portfolio. These are the largest new positions.

Protective Life Corp (PL)

Gabelli purchased 1,185,383 shares of Protective Life Corp, making up 0.43% of the portfolio. The stock’s price averaged $57.

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Protective Life Corporation, a Delaware corporation was founded in 1907. Protective Life Corp has a market cap of $5.47 billion; its shares were traded at around $69.43 with a P/E ratio of 14.10 and P/S ratio of 1.37. The dividend yield of Protective Life Corp stocks is 1.20%. Protective Life Corp had an annual average earnings growth of 1.70% over the past 10 years.

Micros Systems Inc. (MCRS)

Gabelli purchased 349,000 shares of Micros Systems Inc., giving it a 0.12% portfolio weight. The stock’s share price averaged $55.

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MICROS Systems, Inc. was incorporated in the State of Maryland in 1977 as Picos Manufacturing, Inc. Micros Systems Inc has a market cap of $5.07 billion; its shares were traded at around $67.77 with a P/E ratio of 31.10 and P/S ratio of 3.93. Micros Systems Inc had an annual average earnings growth of 14.20% over the past 10 years. GuruFocus rated Micros Systems Inc the business predictability rank of 3.5-star.

Susser Holdings Corp (SUSS)

Gabelli purchased 271,209 shares of Susser Holdings, for 0.11% of the portfolio. The stock’s price averaged $74.

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Susser Holdings Corporation is a convenience store operator and a non-refining wholesale gasoline distributor. Susser Holdings Corp has a market cap of $1.73 billion; its shares were traded at around $80.04 with a P/E ratio of 139.60 and P/S ratio of 0.30. Susser Holdings Corp had an annual average earnings growth of 1.30% over the past 10 years.

Measurement Specialties Inc. (MEAS)

Gabelli purchased 208,700 shares of Measurement Specialties Inc., for 0.094% of the portfolio. The price averaged $67.

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Measurement Specialties Inc. is a New Jersey corporation organized in 1981. Measurement Specialties Inc. has a market cap of $1.39 billion; its shares were traded at around $86.01 with a P/E ratio of 38.10 and P/S ratio of 3.48. Measurement Specialties Inc. had an annual average earnings growth of 12.40% over the past 10 years. GuruFocus rated Measurement Specialties Inc. the business predictability rank of 5-star.

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