Columbia Wanger (Trades, Portfolio) Asset Management is an investment firm that is based in Chicago. The firm primarily focuses on investing in small-cap companies and servicing investment companies, as well as pension and profit sharing plans. The company currently has 18 accounts totaling an estimated $20.4 billion in assets under management. Its operations include 80 employees and is categorized as providing investment advisory services to 25 clients.
In the first quarter, Columbia Wanger (Trades, Portfolio) Asset Management sold out of Amber Road Inc. (AMBR, Financial).
Amber Road is a leading provider of on demand Global Trade Management solutions. The company automates, imports and exports processes to enable goods to flow unimpeded across international borders. The company uses a combination of enterprise-class software, intelligent trade content, and a global trade network that connects supply chain participants such as importers, exporters, freight forwarders, customs brokers and transportation carriers. Amber Road conducts the majority of its business within the U.S. and Europe.
Amber Road has a market cap of $139.01 million, an enterprise value of $147.2 million, a P/B ratio of 3.10, and a quick ratio of 1.01.
There are multiple reasons why Columbia Wanger may have decided to sell out of Amber Road during the first quarter. According to GuruFocus, Amber Road has a 3/10 Financial Strength rating with a cash to debt ratio of 0.77, ranking it beneath 78% of the companies in the Global Software application industry. The company also has a 2/10 profitability and growth ranking according to GuruFocus. Amber Road is also issuing new long term debt, which is another severe warning sign for investors.
Columbia Wanger (Trades, Portfolio) may have also been influenced to sell out of Amber Road due to the recent decline in revenue growth and book value. During the previous 12 months, Amber Road revenues have declined by 43.60%, which is a very alarming sign for investors. The company's book value has also decreased by 32.80% during the previous 12 months.
Cheers to your investment success.
