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FIRST WILSHIRE SECURITIES MANAGEMENT INC Buys 2, Sells 3 in 1st Quarter

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May 19, 2022
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FIRST WILSHIRE SECURITIES MANAGEMENT INC recently filed their 13F report for the first quarter of 2022, which ended on 2022-03-31.

The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.

The Manufacturers Life Insurance Company is a subsidiary of Manulife Financial Corporation, which was first founded under the Manufacturers Life Insurance Company name by Sir John Macdonald, Canada’s first Prime Minister, in 1887. The company would expand quickly in its early years, reaching the Caribbean by 1893, Asia by 1897, and the United States by 1903. The company would then experience a great deal of changes and expansions during the 1900s, acquiring companies, introducing more products such as the Disability Income Insurance, and entering the mutual fund market in 1969 after becoming a mutual company. In the late 1900s, the company would grow largely through mergers and acquisitions, making its largest acquisition after the turn of the millennia in 2004 with the John Hancock Financial Services Company. The company operates as a life insurance firm and has offices and business clients established in Asia, Canada, and the United States. Its life insurance products include individual life and individual and group long term care options. The Manufacturers Life Insurance Company also has expanded products and services that include financial protection, wealth management, mutual funds, retirement products, annuity contracts and various banking products such as deposit and credit to its Canadian customers. The firm utilizes insurance agents, brokers, securities brokerage firms, financial planners, pension plan sponsors, pension plan consultants, and banks in order to offer its line of products to individual and institutional clients. Manufacturers Life Insurance Company is the main operating company for Manulife Financial, which has employees that number close to 30,000 and over 53,000 agents. While the company is known by its company name throughout the areas it operates in, the United States division is called the John Hancock Life Insurance Company. Some of its notable mutual funds, offered through the parent Manulife company, includes its U.S. Tactical Credit, Strategic Income, Global Balanced, Global Infrastructure, and Yield Opportunities funds.

As of the latest 13F report, the guru’s equity portfolio contained 89 stocks valued at a total of $285,000,000. The top holdings were LBTYK(16.20%), VST(11.38%), and JEF(8.10%).

According to GuruFocus data, these were FIRST WILSHIRE SECURITIES MANAGEMENT INC’s top five trades of the quarter.

Huntsman Corp


FIRST WILSHIRE SECURITIES MANAGEMENT INC reduced their investment in NYSE:HUN by 164,286 shares. The trade had a 1.78% impact on the equity portfolio. During the quarter, the stock traded for an average price of $37.72.

On 05/19/2022, Huntsman Corp traded for a price of $35.78 per share and a market cap of $7,397,460,000. The stock has returned 22.58% over the past year.

GuruFocus gives the company a financial strength rating of 6 out of 10 and a profitability rating of 8 out of 10.

In terms of valuation, Huntsman Corp has a price-earnings ratio of 6.52, a price-book ratio of 1.71, a price-earnings-to-growth (PEG) ratio of 1.04, a EV-to-Ebitda ratio of 4.64 and a price-sales ratio of 0.87.

The price-to-GF Value ratio is 0.98, earning the stock a GF Value rank of 6.

East West Bancorp Inc


FIRST WILSHIRE SECURITIES MANAGEMENT INC reduced their investment in NAS:EWBC by 70,215 shares. The trade had a 1.72% impact on the equity portfolio. During the quarter, the stock traded for an average price of $84.56.

On 05/19/2022, East West Bancorp Inc traded for a price of $69.34 per share and a market cap of $9,737,005,000. The stock has returned -6.84% over the past year.

GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 7 out of 10.

In terms of valuation, East West Bancorp Inc has a price-earnings ratio of 10.85, a price-book ratio of 1.71, a price-earnings-to-growth (PEG) ratio of 0.93 and a price-sales ratio of 5.26.

The price-to-GF Value ratio is 1.18, earning the stock a GF Value rank of 3.

Ribbon Communications Inc


During the quarter, FIRST WILSHIRE SECURITIES MANAGEMENT INC bought 1,023,449 shares of NAS:RBBN for a total holding of 1,455,365. The trade had a 1.11% impact on the equity portfolio. During the quarter, the stock traded for an average price of $4.12.

On 05/19/2022, Ribbon Communications Inc traded for a price of $3.03 per share and a market cap of $448,916,000. The stock has returned -58.87% over the past year.

GuruFocus gives the company a financial strength rating of 3 out of 10 and a profitability rating of 3 out of 10.

In terms of valuation, Ribbon Communications Inc has a price-book ratio of 0.94, a EV-to-Ebitda ratio of -5.66 and a price-sales ratio of 0.55.

The price-to-GF Value ratio is 0.61, earning the stock a GF Value rank of 8.

Andersons Inc


FIRST WILSHIRE SECURITIES MANAGEMENT INC reduced their investment in NAS:ANDE by 43,233 shares. The trade had a 0.52% impact on the equity portfolio. During the quarter, the stock traded for an average price of $41.99.

On 05/19/2022, Andersons Inc traded for a price of $37.83 per share and a market cap of $1,246,127,000. The stock has returned 24.57% over the past year.

GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 7 out of 10.

In terms of valuation, Andersons Inc has a price-earnings ratio of 13.25, a price-book ratio of 1.16, a price-earnings-to-growth (PEG) ratio of 0.63, a EV-to-Ebitda ratio of 9.02 and a price-sales ratio of 0.09.

The price-to-GF Value ratio is 0.82, earning the stock a GF Value rank of 9.

FGI Industries Ltd


The guru established a new position worth 311,746 shares in NAS:FGI, giving the stock a 0.33% weight in the equity portfolio. Shares traded for an average price of $3.5 during the quarter.

On 05/19/2022, FGI Industries Ltd traded for a price of $2.1 per share and a market cap of $20,045,000. The stock has returned 0.00% over the past year.

GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 5 out of 10.

In terms of valuation, FGI Industries Ltd has a price-earnings ratio of 19.34, a price-book ratio of 2.68, a EV-to-Ebitda ratio of 44.35 and a price-sales ratio of 0.37.


Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.

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