Keeley Asset Management Corp

Last Update: 02-14-2017

Number of Stocks: 270
Number of New Stocks: 18

Total Value: $2,352 Mil
Q/Q Turnover: 8%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Keeley Asset Management Corp' s Profile & Performance

Profile

John Keeley is President and Portfolio Manager/Analyst at Keeley Asset Management Corp., a registered investment advisor that he established in 1982.

Web Page:http://www.keeleyfunds.com

Investing Philosophy

John Keeley seeks capital appreciation through long-term value investing in small-cap stocks. He emphasizes the purchase of companies undergoing corporate redevelopment such as spin-offs, companies emerging from bankruptcy, securities trading below actual or perceived book-value, savings & loan and insurance conversions, and distressed utilities.

Total Holding History

Performance of Small Cap Value Fund

YearReturn (%)S&P500 (%)Excess Gain (%)
20174.6521.71-17.1
201618.9411.997.0
2015-11.491.24-12.7
3-Year Cumulative10.2 (3.3%/year)38 (11.3%/year)-27.8 (-8%/year)
20140.0713.47-13.4
201334.6332.32.3
5-Year Cumulative48.4 (8.2%/year)107.2 (15.7%/year)-58.8 (-7.5%/year)
201223.8115.997.8
2011-7.291.9-9.2
201025.9815.0510.9
200921.6726.35-4.7
2008-40.18-36.79-3.4
10-Year Cumulative56.2 (4.6%/year)125 (8.4%/year)-68.8 (-3.8%/year)
20077.175.142.0
200619.5515.853.7
200516.124.8311.3
200432.9410.722.2
200318.6528.19-9.5
15-Year Cumulative266.6 (9%/year)307.7 (9.8%/year)-41.1 (-0.8%/year)
20022.72-21.5824.3
200115.12-11.7626.9
20006.61-9.7516.4
19993.3220.4-17.1
199812.9928.7-15.7
20-Year Cumulative439.5 (8.8%/year)294.5 (7.1%/year)145 (1.7%/year)
19970.5233.47-33.0
19969.4222.49-13.1
19950.9438.04-37.1
1994-7.020.4-7.4

Top Ranked Articles

Keeley Funds Comments on Spectrum Brands Holdings Guru stock highlight
Spectrum Brands Holdings, Inc. (NYSE:SPB) is a diversi ed consumer product company that produces batteries, personal care, pet care, home and garden, hardware and auto care products for retail customers. e company reported scal third quarter (ending June) results that were well below Street expectations due to several transitory factors which included the e ects of plant consolidation projects in the company’s auto care and hardware segments plus some retailer destocking activity in home and garden and auto care due to unfavorable weather in key US markets. Spectrum is also exiting some unpro table product lines which created a negative headwind for the company’s sales. Most of these issues should be cleared up in a quarter or two as the company did not adjust its scal year 2017 (ending Sept.) guidance despite the weak third quarter. In addition, with the sale of its stake in insurance company, Fidelity & Guaranty Life (FGL), HRG Group (HRG - 58% ownership in SPB) will work with Spectrum to clarify this ownership overhang while maximizing value for HRG shareholders and being earnings per share accretive for Read more...
Keeley Management Comments on Sabra Health Care REIT Guru stock highlight
Sabra Health Care REIT (NASDAQ:SBRA) (SBRA - $21.73 – NASDAQ) is a Healthcare REIT focused on Skilled Nursing facilities (SNF) and Assisted Living and Independent Living facilities. Sabra got off to a rough start to the year, but shares rebounded nicely this quarter. Management continues to make progress on the portfolio repositioning of recently acquired Care Capital Properties (CCP) and struggling operator Genesis Healthcare (GEN). The worry about excessive rent cuts has passed, which benefitted the stock in the quarter. We believe that the company has ample liquidity, a solid investment pipeline, and it seems like the underlying sentiment on Healthcare REITs is improving. Read more...
Keeley Funds Comments on Intel Corp Guru stock highlight
Intel Corp. (NASDAQ:INTC) engages in the design, manufacture, and sale of computer, networking, and communications platforms that power the cloud and the connected world. The company has been in the process of transforming its business away from its mature, slower growing personal computer (PC) exposure to higher growth data center, communications and memory markets. After several lackluster quarters, Intel posted a better than expected 3Q17 with growth across all businesses along with excellent expense control. Read more...
Keeley Funds Comments on Versum Materials Guru stock highlight
Versum Materials (NYSE:VSM) is a global provider of critical, high purity, high performance materials for the semiconductor manufacturing industry. e company, which was spun o from Air Products in 2016, is bene tting from the increasing importance of materials used in the engineering and production of new semiconductor chip designs, as well as several technology trends (Internet of ings, Virtual Reality, Arti cial Intelligence, etc.). ese secular tailwinds should continue to provide a favorable backdrop for growth going forward. As a newly independent, publicly-traded company coming out of a much larger industrial gas parent, Versum is bene tting from greater investor awareness and the ability to reinvest its own capital. e company is a market leader with strong margins and cash ow generation enabling it to act as a consolidator in a fragmented industry further boosting growth and market share. is is the type of story that we seek to uncover in pursuing the Fund’s corporate change theme. Read more...
Keeley Funds Comments on Diebold Nixdorf Guru stock highlight
Diebold Nixdorf (NYSE:DBD) is the second largest maker of automatic teller (ATM) machines worldwide following its merger with Wincor Nixdorf last year. Unfortunately, the quarter began with the announcement of a large cut to 2017 fiscal year guidance where revenue was reduced by $300 million and EBITDA by $90 million. Competitor NCR was very successful in taking market share via aggressive pricing during the extended period to close the merger. The share gains had a large negative impact to NCR’s margins, and as a result NCR has now become more rational in its product pricing. We believe that this has led to a more stable environment where Diebold is starting to win back its lost market share. In support of this contention, backlog is rebuilding post a tough second half of 2016 and changes have been made in the Services segment which should lead to better results going forward. We believe that Diebold will be able gain scale and reduce duplicative costs while expanding the footprint of its strong service offering. Read more...
» More Keeley Asset Management Corp Articles

Commentaries and Stories

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Keeley Management Comments on Oshkosh Corp Guru stock highlight
Oshkosh Corporation (NYSE:OSK) (OSK - $70.32 – NYSE) is a leading maker of specialty trucks for fire departments, construction, and the military. Steel is a significant input into most of the company’s product lines. If President Trump’s proposed tariffs on steel and aluminum go into effect, Oshkosh will likely see costs rise which could pinch margins. Concern over this possibility impacted Oshkosh’s stock along with other makers of products made from steel. More...

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Keeley Management Comments on Lincoln National Corp Guru stock highlight
Lincoln National Corporation (NYSE:LNC) (LNC - $62.25 – NYSE) is an insurance company with an emphasis on retirement services including annuities and corporate and non-profit retirement plans. As interest rates and the stock market rose in 2017, the stock performed very well. For most of this year, the stock market (at least as measured by the S&P 500 Index) has been pretty stagnant, and longer-term rates came down in the second half of the quarter. In addition, the life insurance sector has been pressured by concerns over long-term care insurance, to which Lincoln has limited exposure. Finally, the recent acquisition of Liberty’s group insurance business has put its stock repurchase program on hold for a couple quarters. With it likely to resume in the third quarter, we think LNC will have a better second half. More...

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Keeley Management Comments on DXC Technology Guru stock highlight
DXC Technology (NYSE:DXC) (DXC— $80.61 —NYSE) is a leading information technology services company. The stock appreciated sharply over the last two years after it spun-out government services provider CSRA and merged with the Enterprise Services business of HP Enterprise. This quarter the shares gave up some of their gains. We think the weakness was due to disappointment associated with guidance for fiscal 2019 (ends March) and some investor positioning ahead of its spin of Perspecta. The guidance was lower mostly due to the removal of profits from the spin out and some stranded costs. We think the issue is transient and that the stock remains one of the least expensive in the portfolio. More...

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Keeley Management Comments on Sabra Health Care REIT Guru stock highlight
Sabra Health Care REIT (NASDAQ:SBRA) (SBRA - $21.73 – NASDAQ) is a Healthcare REIT focused on Skilled Nursing facilities (SNF) and Assisted Living and Independent Living facilities. Sabra got off to a rough start to the year, but shares rebounded nicely this quarter. Management continues to make progress on the portfolio repositioning of recently acquired Care Capital Properties (CCP) and struggling operator Genesis Healthcare (GEN). The worry about excessive rent cuts has passed, which benefitted the stock in the quarter. We believe that the company has ample liquidity, a solid investment pipeline, and it seems like the underlying sentiment on Healthcare REITs is improving. More...

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Keeley Management Comments on HollyFrontier Corp Guru stock highlight
HollyFrontier Corporation (NYSE:HFC) (HFC - $68.43 - NYSE) is a leading independent refining company with operations in Oklahoma, Kansas, Wyoming, Utah, and New Mexico. Refining profit rises and falls with changes in crack spreads (the difference between the prices of products such as gasoline and diesel fuel and the prices of oil) and differentials (the difference between different types of crude, for example Brent and West Texas Intermediate). With crack spreads strong, due to lower inventories, and differentials wide, due to strong oil production in the United States, inland refiners such as HollyFrontier appear well positioned to benefit. This helped the stock in the second quarter. More...

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Keeley Management Comments on SM Energy Guru stock highlight
SM Energy (NYSE:SM) (SM - $25.69 – NYSE) is a mid-sized oil and gas exploration and production company with most of its core operations in the Permian Basin in Texas. We believe that SM has more leverage than most E&P companies, and its capital plan is not quite as well funded. As a result, its share price tends to be more sensitive to changes in crude prices. The 14% rise in the price of crude combined with strong drilling results drove the shares higher in the second quarter. More...

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KEELEY All Cap Value Fund Comments on Del Taco Restaurants Guru stock highlight
Del Taco Restaurants, Inc. (NASDAQ:TACO) engages in developing, franchising, owning, and operating Del Taco quick-service Mexican-American restaurants. The stock sold off last quarter on concerns regarding future margin headwinds stemming from both food and labor inflation. These concerns were proven correct as the company slightly missed fourth quarter 2017 earnings and lowered its 2018 guidance. In addition, the industry continues to fight for market share by pushing “value bundles” led by the larger brands such as McDonalds. We continue to believe the company is well positioned with its unique “fresh” menu offerings and has ample growth opportunities outside its core West Coast roots. More...

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KEELEY All Cap Value Fund Comments on Visteon Corp Guru stock highlight
Visteon Corporation (NASDAQ:VC) is an original equipment supplier historically focused on developing electronic clusters and cockpits for light passenger vehicles. In June 2015, the company appointed a new CEO from Harman who is transforming the company into a leader in autonomous driving systems and software (ADAS). More recently, accidents involving fully autonomous vehicles have been in the news. This has created a pullback in many of the stocks that supply ADAS to the OEM’s. This may slow adoption over the short term, but we continue to be bullish on their positioning for the future. More...

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KEELEY All Cap Value Fund Comments on Air Lease Corp Guru stock highlight
Air Lease Corporation (NYSE:AL) is a leading aircraft leasing company that currently owns and manages a fleet of 253 aircraft. Industry-wide change is being driven by increasing air travel demand from the rising middle-class population in international markets. This has led Air Lease to more than double its owned fleet within five years. Despite continued strong operating performance, the stock was weak due to general fears regarding the impact of tariffs on aircraft demand. Although Boeing was listed as a US company subject to Chinese tariffs, the tariffs were specific to very few models, and even if the tariffs became broader, it would tilt more Chinese airlines to lease rather than purchase which would be beneficial to aircraft lessors like Air Lease. We continue to believe the stock is attractive trading at book value. More...

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KEELEY All Cap Value Fund Comments on Zoetis Guru stock highlight
Zoetis (NYSE:ZTS) is an animal health company that was a spinoff from Pfizer. The company reported very strong quarterly earnings and issued solid 2018 guidance that was higher than Wall Street estimates. Zoetis remains well positioned to continue to increase share in the livestock and companion animal markets while being insulated from the drug pricing and healthcare reform issues pressuring the human pharmaceutical companies. More...

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KEELEY All Cap Value Fund Comments on Intel Corp Guru stock highlight
Intel Corp. (NASDAQ:INTC) engages in the design, manufacture, and sale of computer, networking, and communications platforms that power the cloud and the connected world. The company has been in the process of transforming its business away from its mature, slower growing personal computer (PC) exposure to higher growth data center, communications and memory markets. After several lackluster quarters, Intel posted a second consecutive quarter of strength, led by server growth in Data Centers. More...

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KEELEY All Cap Value Fund Comments on CSRA Guru stock highlight
CSRA, Inc. (NYSE:CSRA) is a provider of information technology solutions and services to the Defense and Intelligence, and Civil agencies of the US Government. The company was the government services arm of Computer Sciences and was spun off in November 2015. As a pure play government IT contractor, the company eventually caught the attention of General Dynamics which acquired CSRA at a thirty-two percent (32%) premium. More...

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Keeley Funds Comments on Seritage Growth Properties Guru stock highlight
Seritage Growth Properties (NYSE:SRG) is a real estate investment trust (REIT) that owns 258 properties totaling 40 million square feet on 3,000 acres across 49 states. While the company continues to redevelop former Sears Holdings (SHLD) properties and lease them to specialty retailers at substantially higher rents, it still receives more than 50% of gross rental revenue from Sears Holdings. Such rental revenue contribution combined with constant fear of Sears underperforming during the crucial holiday season has created a headwind on SRG’s stock price. More...

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Keeley Funds Comments on Wright Medical Group Guru stock highlight
Wright Medical Group, NV (NASDAQ:WMGI) is a global orthopedic medical device company focused on upper/lower extremities and biologics. The company underperformed as it suffered disruption from a sizable sales force expansion that ultimately resulted in the company reducing earnings guidance. While it is taking much longer for the new sales representatives to reach full productivity, the 50% increase in the size of the salesforce will ultimately be beneficial for the company as it results in accelerating sales and earnings growth. More...

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Keeley Funds Comments on Del Taco Restaurants Guru stock highlight
Del Taco Restaurants, Inc (NASDAQ:TACO) engages in developing, franchising, owning, and operating Del Taco quick-service Mexican-American restaurants. Led by a recently promoted CEO, John Cappasola, the California based company has been successful at revitalizing the brand and introducing new products as evident by sixteen consecutive quarters of systemwide sales growth. Despite reporting sales growth of 4.1% in the third quarter, the stock sold off on concerns regarding future margin headwinds stemming from both food and labor inflation. In addition, the industry continues to fight for market share by pushing “value bundles” led by the larger brands such McDonalds. We continue to believe the company is well positioned to weather this environment and will continue to prudently grow outside its’ core West Coast roots utilizing a barbell menu strategy of new entrees combined with compelling “buck and under” menu items. More...

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Keeley Funds Comments on Intel Corp Guru stock highlight
Intel Corp. (NASDAQ:INTC) engages in the design, manufacture, and sale of computer, networking, and communications platforms that power the cloud and the connected world. The company has been in the process of transforming its business away from its mature, slower growing personal computer (PC) exposure to higher growth data center, communications and memory markets. After several lackluster quarters, Intel posted a better than expected 3Q17 with growth across all businesses along with excellent expense control. More...

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Keeley Funds Comments on Voya Financial Guru stock highlight
Voya Financial, Inc. (NYSE:VOYA) is a leading provider of retirement and investment services such as life insurance, annuities, and 401(k) plans. It was carved out of Dutch financial services conglomerate ING in 2013 and has worked to lower its risk, change its product mix, and improve returns in recent years. Despite its operating improvements, the stock traded at a discounted valuation due to the overhang from a large closed-block of older, riskier variable annuities. Late in the fourth quarter, Voya announced that it had sold this block and an annuities business to a new private-equity backed company. We believe that these sales will further reduce risk, improve returns, and remove the overhang. The company has already bought back ~ 40% of the outstanding shares since going public in 2013, and has announced that they will buy back another $1.5 Bill of stock in 2018. More...

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Keeley Funds Comments on Delek US Holdings Guru stock highlight
Delek US Holdings (NYSE:DK) operates four mid-sized refineries in Texas, Oklahoma, and Louisiana. Its plants are well-located to benefit from wider crude differentials. Earlier in 2017, Delek acquired competitor Alon USA and as a larger, better capitalized combined company, it has opportunities to reduce costs and fund additional capital improvements to generate higher levels of income. During the quarter, Delek also benefitted from greater profitability due to declining crude and product inventories plus some price divergences created by the disruption from Hurricane Harvey. More...

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Keeley Funds Comments on AmerisourceBergen Corp Guru stock highlight
AmerisourceBergen Corporation (NYSE:ABC) is a leading provider of drug distribution and other related services designed to reduce healthcare costs and improve patient outcomes. e company lagged after reporting lackluster scal third quarter earnings (ending June) and reducing its revenue guidance for the balance of the year due to brand in ation. In addition, investors were disappointed that AmerisourceBergen held fast to its previously stated view that generic drug pricing will decline in the high single digits and that generic drug de ation is not improving. We, however, remain con dent because of our view that AmerisourceBergen has a superior book of business compared to its peers, remains reasonably attractive from a valuation standpoint, and has several other growth businesses such as animal health. More...

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Keeley Funds Comments on Spectrum Brands Holdings Guru stock highlight
Spectrum Brands Holdings, Inc. (NYSE:SPB) is a diversi ed consumer product company that produces batteries, personal care, pet care, home and garden, hardware and auto care products for retail customers. e company reported scal third quarter (ending June) results that were well below Street expectations due to several transitory factors which included the e ects of plant consolidation projects in the company’s auto care and hardware segments plus some retailer destocking activity in home and garden and auto care due to unfavorable weather in key US markets. Spectrum is also exiting some unpro table product lines which created a negative headwind for the company’s sales. Most of these issues should be cleared up in a quarter or two as the company did not adjust its scal year 2017 (ending Sept.) guidance despite the weak third quarter. In addition, with the sale of its stake in insurance company, Fidelity & Guaranty Life (FGL), HRG Group (HRG - 58% ownership in SPB) will work with Spectrum to clarify this ownership overhang while maximizing value for HRG shareholders and being earnings per share accretive for More...

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