Richard Snow Raises Stake in Silicon Graphics International

Guru increases position by more than 48%

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Oct 08, 2015
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Richard Snow (Trades, Portfolio) of Snow Capital Management L.P. increased his stake in Silicon Graphics International Corp. (SGI, Financial) by 48.07% on Sept. 22.

Snow purchased 608,211 shares in the Milpitas, Calif.-based computer hardware and software company, paying an average price of $4.23 per share. The transaction had a 0.08% impact on his portfolio.

Snow now has 1,873,430 shares of Silicon Graphics International in his portfolio.

Silicon Graphics International has a market cap of $150.57 million and an enterprise value of $148.38 million. It has a forward P/E of 15.8, a P/B of 3.0 and a P/S of 0.3 GuruFocus has given Silicon Graphics International a Financial Strength rating of 5/10 and a Profitability and Growth rating of 3/10.

Chuck Royce (Trades, Portfolio), RS Investment Management (Trades, Portfolio) and Jim Simons (Trades, Portfolio) have shares of Silicon Graphics International in their portfolios.

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Silicon Graphics International hit a new 52-week low of $3.88 per share during the Sept. 29 trading session. The price rebounded to $3.96 per share by closing bell that day, 3 cents less than its opening price.

Shares of Silicon Graphics International sold for $4.29 when the market closed Thursday.

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