Beach Point Capital Management LP recently filed their 13F report for the fourth quarter of 2022, which ended on 2022-12-31.
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.
1620 26TH STREET SANTA MONICA, CA 90404
As of the latest 13F report, the guru’s equity portfolio contained 14 stocks valued at a total of $174.00Mil. The top holdings were
According to GuruFocus data, these were Beach Point Capital Management LP’s top five trades of the quarter.
AGNC Investment Corp
The guru sold out of their 1,500,000-share investment in NAS:AGNC. Previously, the stock had a 5.41% weight in the equity portfolio. Shares traded for an average price of $9.140000000000001 during the quarter.
On 01/27/2023, AGNC Investment Corp traded for a price of $11.564 per share and a market cap of $6.61Bil. The stock has returned -12.21% over the past year.
GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 4 out of 10.
In terms of valuation, AGNC Investment Corp has a price-book ratio of 1.14.
Frontier Communications Parent Inc
Beach Point Capital Management LP reduced their investment in NAS:FYBR by 363,236 shares. The trade had a 3.65% impact on the equity portfolio. During the quarter, the stock traded for an average price of $24.02.
On 01/27/2023, Frontier Communications Parent Inc traded for a price of $29.14 per share and a market cap of $7.14Bil. The stock has returned 10.59% over the past year.
GuruFocus gives the company a financial strength rating of 4 out of 10 and a profitability rating of 3 out of 10.
In terms of valuation, Frontier Communications Parent Inc has a price-earnings ratio of 15.10, a price-book ratio of 1.45, a EV-to-Ebitda ratio of 8.11 and a price-sales ratio of 1.62.
Invitation Homes Inc
The guru sold out of their 210,003-share investment in NYSE:INVH. Previously, the stock had a 3.04% weight in the equity portfolio. Shares traded for an average price of $31.7 during the quarter.
On 01/27/2023, Invitation Homes Inc traded for a price of $32.43 per share and a market cap of $19.83Bil. The stock has returned -17.45% over the past year.
GuruFocus gives the company a financial strength rating of 4 out of 10 and a profitability rating of 6 out of 10.
In terms of valuation, Invitation Homes Inc has a price-earnings ratio of 55.91, a price-book ratio of 1.92, a price-earnings-to-growth (PEG) ratio of 7.56, a EV-to-Ebitda ratio of 21.01 and a price-sales ratio of 9.10.
The price-to-GF Value ratio is 0.92, earning the stock a GF Value rank of 7.
Velocity Financial Inc
During the quarter, Beach Point Capital Management LP bought 445,105 shares of NYSE:VEL for a total holding of 3,954,444. The trade had a 2.47% impact on the equity portfolio. During the quarter, the stock traded for an average price of $10.02.
On 01/27/2023, Velocity Financial Inc traded for a price of $9.9 per share and a market cap of $320.92Mil. The stock has returned -22.05% over the past year.
GuruFocus gives the company a financial strength rating of 2 out of 10 and a profitability rating of 3 out of 10.
In terms of valuation, Velocity Financial Inc has a price-earnings ratio of 10.65, a price-book ratio of 0.87 and a price-sales ratio of 3.92.
The price-to-GF Value ratio is 1.01, earning the stock a GF Value rank of 5.
MFA Financial Inc
Beach Point Capital Management LP reduced their investment in NYSE:MFA by 657,850 shares. The trade had a 2.19% impact on the equity portfolio. During the quarter, the stock traded for an average price of $10.05.
On 01/27/2023, MFA Financial Inc traded for a price of $11.595 per share and a market cap of $1.18Bil. The stock has returned -25.39% over the past year.
GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 4 out of 10.
In terms of valuation, MFA Financial Inc has a price-book ratio of 0.58.
The price-to-GF Value ratio is 2.97, earning the stock a GF Value rank of 1.
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.
When GuruFocus covers insider information, we only track open market or the private purchase and sale of common stock with the transaction code of P or S. Therefore, all the transactions mentioned in this article are only the ones with transaction code of P or S.
Want to provide feedback on this article? Have questions or concerns? Get in touch with us here, or email us at [email protected]!
This article is general in nature and does not represent the opinions of GuruFocus or any of its affiliates. This article is not intended to be financial advice, nor does it constitute investment advice or recommendations. It was written without regard to your individual situation or financial goals. We aim to bring you fundamental, data-driven analysis, The information on this site is in no way guaranteed for completeness, accuracy or in any other way.
