Epoch Holding Corp. (EPHC, Financial) filed Annual Report for the period ended 2010-06-30.
Epoch Holding Corp. has a market cap of $235.8 million; its shares were traded at around $10.63 with and P/S ratio of 7.6. The dividend yield of Epoch Holding Corp. stocks is 1.9%.EPHC is in the portfolios of John Keeley of Keeley Fund Management, Chuck Royce of Royce& Associates.
EIP began operations in April 2004 with approximately $0.6 billion in AUM and has grown into a medium-sized asset management firm with $11.3 billion in AUM at June 30, 2010. The chart below depicts the Company's annual AUM growth as well as AUM for the last four fiscal quarters:
(1)AUM at June 30, 2010 was $11.3 billion, a 44% increase from a year ago. (2)Net AUM inflows were $2.6 billion. The Company has experienced net AUM inflows every quarter since inception. (3)The Company received the following product performance awards: The Epoch Global Equity Shareholder Yield Fund ("EPSYX") received the 2009 Lipper Fund Award for the Best Fund over 3 years in the Global Multi-Cap Value Fund category. The CI American Value Fund, of which Epoch is the sole sub-advisor, received its fifth consecutive annual Canadian Investment Award TM, presented by Morningstar, Inc., for "best in class" in the U.S. Equity category. (4)In October 2009, the Company began occupying an additional 10,000 square feet of office space obtained under a new sublease agreement. The additional space provides for firm expansion needs. 5
(5)The Company paid a special cash dividend of $0.30 per share in December 2009, in addition to the regular quarterly dividends. In January 2010, the Board approved an increase in the quarterly dividend rate from $0.03 to $0.05 per share. (6)The Board of Directors authorized the repurchase of up to an additional 300,000 shares of its outstanding common stock during the second fiscal quarter. The Company repurchased approximately 210,000 shares during fiscal year ended June 30, 2010. As of June 30, 2010, the Company has repurchased a cumulative total of 482,401 shares and has 317,599 shares remaining for repurchase under the existing repurchase plan. (7)In December 2009, the Company moved its stock exchange listing to the NASDAQ Global Select Market from the NASDAQ Capital Market. (8)The Company's balance sheet remains strong. At June 30, 2010, liquid assetscomprising cash, cash equivalents and accounts receivablewere $47.6 million, representing 76% of total assets. The Company continues to operate debt-free. Investment Philosophy
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Epoch Holding Corp. has a market cap of $235.8 million; its shares were traded at around $10.63 with and P/S ratio of 7.6. The dividend yield of Epoch Holding Corp. stocks is 1.9%.EPHC is in the portfolios of John Keeley of Keeley Fund Management, Chuck Royce of Royce& Associates.
Highlight of Business Operations:
As of December 31, 2009, the last trading day of the registrant's most recently completed second fiscal quarter, the aggregate market value of common stock held by nonaffiliates of the registrant was approximately $138.5 million, computed by reference to the closing price of $10.45 on the NASDAQ Global Select Market on that day.EIP began operations in April 2004 with approximately $0.6 billion in AUM and has grown into a medium-sized asset management firm with $11.3 billion in AUM at June 30, 2010. The chart below depicts the Company's annual AUM growth as well as AUM for the last four fiscal quarters:
(1)AUM at June 30, 2010 was $11.3 billion, a 44% increase from a year ago. (2)Net AUM inflows were $2.6 billion. The Company has experienced net AUM inflows every quarter since inception. (3)The Company received the following product performance awards: The Epoch Global Equity Shareholder Yield Fund ("EPSYX") received the 2009 Lipper Fund Award for the Best Fund over 3 years in the Global Multi-Cap Value Fund category. The CI American Value Fund, of which Epoch is the sole sub-advisor, received its fifth consecutive annual Canadian Investment Award TM, presented by Morningstar, Inc., for "best in class" in the U.S. Equity category. (4)In October 2009, the Company began occupying an additional 10,000 square feet of office space obtained under a new sublease agreement. The additional space provides for firm expansion needs. 5
(5)The Company paid a special cash dividend of $0.30 per share in December 2009, in addition to the regular quarterly dividends. In January 2010, the Board approved an increase in the quarterly dividend rate from $0.03 to $0.05 per share. (6)The Board of Directors authorized the repurchase of up to an additional 300,000 shares of its outstanding common stock during the second fiscal quarter. The Company repurchased approximately 210,000 shares during fiscal year ended June 30, 2010. As of June 30, 2010, the Company has repurchased a cumulative total of 482,401 shares and has 317,599 shares remaining for repurchase under the existing repurchase plan. (7)In December 2009, the Company moved its stock exchange listing to the NASDAQ Global Select Market from the NASDAQ Capital Market. (8)The Company's balance sheet remains strong. At June 30, 2010, liquid assetscomprising cash, cash equivalents and accounts receivablewere $47.6 million, representing 76% of total assets. The Company continues to operate debt-free. Investment Philosophy
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