Chuck Royce (Trades, Portfolio)’s Royce Funds invests with a long-term, risk-averse view and buys only small-cap stocks. The fund has $33 billion in total assets under management as of Sept. 30, 2014.
Royce Funds added to three of its larger holdings in the past week: Identiv Inc. (INVE, Financial), Movado Group Inc. (MOV, Financial) and Benchmark Electronics Inc. (BHE, Financial).
Identiv Inc. (INVE, Financial)
Royce increased his holding of Identiv Inc. by 79.55% to 826,263 shares, representing 7.7% of the company’s shares, on Nov. 30.
Identiv Inc., formerly Identive Group Inc., was incorporated in December 1996 under the laws of the State of Delaware. Identiv Inc. has a market cap of $143.300 million; its shares were traded at around $13.46 with and P/S ratio of 1.30. Identiv Inc. had an annual average earnings growth of 0.70% over the past five years.
Movado Group Inc. (MOV, Financial)
Royce upped his stake in Movado Group Inc. 26.92% to 1,964,221, representing 10.6% of the company’s shares outstanding.
Movado Group Inc. was incorporated in New York in 1967 under the name North American Watch Corporation to acquire Piaget Watch Corporation and Corum Watch Corporation, which had been, respectively, the exclusive importers and distributors of Piaget and Corum watches in the United States since the 1950's. Movado Group Inc. has a market cap of $717.40 million; its shares were traded at around $28.49 with a P/E ratio of 14.90 and P/S ratio of 1.20. The dividend yield of Movado Group Inc. stocks is 1.50%.
Benchmark Electronics Inc. (BHE, Financial)
Royce also increased his position in Benchmark Electronics by 11.4% to 5,560,837 shares in total. His stake represents 10.47% of Benchmark Electronic’s outstanding shares.
Benchmark Electronics Inc. began operations in 1979 and was incorporated under Texas law in 1981 as a wholly owned subsidiary of Intermedics Inc. Benchmark Electronics Inc. has a market cap of $1.3 billion; its shares were traded at around $24.41 with a P/E ratio of 10.60 and P/S ratio of 0.50. Benchmark Electronics Inc. had an annual average earnings growth of 14.10% over the past five years.
For more stock trades of Gurus in real time, visit GuruFocus’ Real Time Picks, a Premium Feature. Not a Premium Member of GuruFocus? Try it free for 7 days here.
