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Mario Gabelli Sells 3% of Holdings in SL Industries

August 15, 2014 | About:
David Goodloe

David Goodloe

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Guru Mario Gabelli (Trades, Portfolio) sold nearly 3% of his holdings (total holdings were 475,508 shares before the transaction) in SL Industries Inc. (SLI) on August 14, selling at $39.74 a share.

It was the first SL transaction involving a guru since Chuck Royce (Trades, Portfolio) bought 1,800 shares in the company at the end of June. SL has an 8/10 rating on financial strength and a 9/10 ranking on profitability.

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In the last decade, the company has had an annual average earnings growth of 7.90%. It has a P/E ratio of 14.5, a P/S ratio of 0.8 and a P/B ratio of 2.5. GuruFocus gave SL a business predictability ranking of 3.5 stars.

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SL’s website says it “values its employees the same way it values its customers. We believe that a quality workforce creates quality businesses.“ SL is committed to its workforce; the website says the company “recognize[s] the relationship between hiring, developing and retaining our employees. We partner with them to provide benefits for our employees and their families and offer programs to help balance their work and personal lives.”

SL manufactures products such as power electronics, protection and quality, motion control and communication equipment. Its headquarters is in Mount Laurel, New Jersey. It was incorporated as G-L Electronics Company in 1956; the name was changed to G-L Industries in 1963 and, finally, to its current name in 1984.

About the author:

David Goodloe
I'm a journalist by training. I grew up in Arkansas and earned my B.A. at the University of Arkansas. I earned my master's degree at the University of North Texas. My background includes stints at newspapers in Arkansas and Texas and teaching news writing and news editing to students at the University of Oklahoma and Richland College here in Dallas. I'm the editorial manager at GuruFocus.

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