Chuck Royce (Trades, Portfolio), president, co-chief investment officer and portfolio manager of Royce & Associates LLC, added to his existing stake in Matrix Service Co. (MTRX, Financial) and reduced his stake in Finish Line Inc. (FINL, Financial) on March 31.
The guru raised his stake in Matrix Service, the Tulsa, Oklahoma-based parent company to a group of providers of engineering, fabrication, construction, maintenance and repair services to primarily energy companies, by more than 6%.
Royce acquired 160,412 Matrix Service shares for $17.7 per share. The transaction had a 0.02% impact on Royce’s portfolio.
Royce’s stake, now 2,676,795 shares, is 9.94% of Matrix’s outstanding shares and 0.28% of Royce’s total assets. Royce is Matrix’s leading shareholder among the gurus.
Matrix has a P/E of 19.8, a forward P/E of 10.6, a P/B of 1.5 and a P/S of 0.4. GuruFocus gives Matrix a Financial Strength rating of 8/10 and a Profitability and Growth rating of 6/10.
Matrix sold for $16.96 per share Thursday afternoon.
Royce reduced his stake in Finish Line, an Indianapolis-based retailer that sells athletic shoes, apparel and accessories, by nearly 76%. He sold 2,519,100 shares for $21.1 per share. The deal had a -0.03% impact on Royce’s portfolio.
The remaining stake of 805,900 shares is 1.82% of Finish Line’s outstanding shares and 0.1% of Royce’s total assets. Royce remained Finish Line’s leading shareholder among the gurus.
Finish Line has a P/E of 41.7, a forward P/E of 12.2, a P/B of 1.7 and a P/S of 0.5. GuruFocus gives Finish Line a Financial Strength rating of 8/10 and a Profitability and Growth rating of 6/10.
Finish Line sold for $19.53 per share Thursday afternoon.
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