Top 5 2nd Quarter Trades of Ranger Investment Management, L.P.

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Aug 15, 2022
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Ranger Investment Management, L.P. recently filed their 13F report for the second quarter of 2022, which ended on 2022-06-30.

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.

Ranger Investment Management, L.P. is an investment management firm based out of Dallas, Texas. The company was originally established in 2002 and currently operates as a subsidiary of its parent company Ranger Capital Group. Ranger Investment Management has grown from its inception to now operate with 22 employees of which 5 are investment professionals. The company conducts its research internally, utilizing a fundamental methodology to make its investment decisions. Ranger Investment Management invests in the public equity markets within the United States, allocating its assets across a wide range of sectors utilizing a bottom up stock picking approach. The company invests most heavily in the health care sector, which alone makes up a quarter of the firm’s total asset allocations, and also invests in the consumer discretionary, information technology, finance, industrials, and consumer staples sectors, among other sectors to a lesser degree, in order of decreasing allocation. Ranger Investment Management holds its allocations for over 8 quarters on average although it only holds its top 10 allocations, which make up just under a third of its total allocations, for 2.7 quarters on average. In the most recent quarter, Ranger Investment Management had a turnover rate of approximately 12.8%. The company manages over $1.7 billion in total assets under management spread across 38 total accounts, all of which are discretionary except for 2 which make up $8.3 million of its managed assets. Both of Ranger Investment Management’s total number of accounts and total assets under management have been increasing in recent years with its total assets under management growing from under $1 billion back in 2010 to its current amount. The company mainly caters to corporations and pension and profit sharing plans, which together make up over half of its client base, and also provides to a variety of other clientele. Ranger Investment Management currently offers its Small Cap, Mid Cap, and SMid Cap strategies.

As of the latest 13F report, the guru’s equity portfolio contained 105 stocks valued at a total of $1.32Bil. The top holdings were GO(4.30%), WNS(4.28%), and ELF(4.15%).

According to GuruFocus data, these were Ranger Investment Management, L.P.’s top five trades of the quarter.

Heska Corp


The guru sold out of their 176,500-share investment in NAS:HSKA. Previously, the stock had a 1.54% weight in the equity portfolio. Shares traded for an average price of $108.4 during the quarter.

On 08/15/2022, Heska Corp traded for a price of $92.855 per share and a market cap of $1.01Bil. The stock has returned -64.43% over the past year.

GuruFocus gives the company a financial strength rating of 7 out of 10 and a profitability rating of 6 out of 10.

In terms of valuation, Heska Corp has a price-book ratio of 2.40, a EV-to-Ebitda ratio of -311.91 and a price-sales ratio of 3.70.

The price-to-GF Value ratio is 0.61, earning the stock a GF Value rank of 4.

Mimecast Ltd


The guru sold out of their 305,066-share investment in NAS:MIME. Previously, the stock had a 1.53% weight in the equity portfolio. Shares traded for an average price of $79.72 during the quarter.

On 08/15/2022, Mimecast Ltd traded for a price of $79.92 per share and a market cap of $5.35Bil. The stock has returned 69.72% over the past year.

GuruFocus gives the company a financial strength rating of 8 out of 10 and a profitability rating of 4 out of 10.

In terms of valuation, Mimecast Ltd has a price-earnings ratio of 114.17, a price-book ratio of 10.53, a price-earnings-to-growth (PEG) ratio of 1.86, a EV-to-Ebitda ratio of 40.73 and a price-sales ratio of 9.46.

The price-to-GF Value ratio is 1.30, earning the stock a GF Value rank of 1.

BioLife Solutions Inc


Ranger Investment Management, L.P. reduced their investment in NAS:BLFS by 977,462 shares. The trade had a 1.41% impact on the equity portfolio. During the quarter, the stock traded for an average price of $14.8.

On 08/15/2022, BioLife Solutions Inc traded for a price of $25.979 per share and a market cap of $1.11Bil. The stock has returned -42.66% over the past year.

GuruFocus gives the company a financial strength rating of 8 out of 10 and a profitability rating of 3 out of 10.

In terms of valuation, BioLife Solutions Inc has a price-book ratio of 2.67, a EV-to-Ebitda ratio of -11.24 and a price-sales ratio of 7.44.

The price-to-GF Value ratio is 0.50, earning the stock a GF Value rank of 4.

Triumph Bancorp Inc


During the quarter, Ranger Investment Management, L.P. bought 217,980 shares of NAS:TBK for a total holding of 250,798. The trade had a 1.03% impact on the equity portfolio. During the quarter, the stock traded for an average price of $71.21.

On 08/15/2022, Triumph Bancorp Inc traded for a price of $75.11 per share and a market cap of $1.84Bil. The stock has returned -8.27% over the past year.

GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 6 out of 10.

In terms of valuation, Triumph Bancorp Inc has a price-earnings ratio of 16.22, a price-book ratio of 2.22, a price-earnings-to-growth (PEG) ratio of 1.06 and a price-sales ratio of 3.94.

The price-to-GF Value ratio is 0.95, earning the stock a GF Value rank of 6.

Neogen Corp


Ranger Investment Management, L.P. reduced their investment in NAS:NEOG by 519,779 shares. The trade had a 1.01% impact on the equity portfolio. During the quarter, the stock traded for an average price of $26.89.

On 08/15/2022, Neogen Corp traded for a price of $22.215 per share and a market cap of $2.39Bil. The stock has returned -47.60% over the past year.

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

In terms of valuation, Neogen Corp has a price-earnings ratio of 49.39, a price-book ratio of 2.70, a price-earnings-to-growth (PEG) ratio of 246.95, a EV-to-Ebitda ratio of 24.41 and a price-sales ratio of 4.55.

The price-to-GF Value ratio is 0.41, earning the stock a GF Value rank of 4.


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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