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Dianne Tordillo
Dianne Tordillo
Articles (179)  | Author's Website |

Royce & Associates Reduces Stake in FEIC, MIG, KW, RTEC and CAS

January 03, 2013 | About:

Mutual fund Royce & Associates, founded by Guru Chuck Royce, has reported disposing shares of five stocks, meeting the end of another quarter, as well as a new year.

The five companies are FEI Co. (NASDAQ:FEIC), Meadowbrook Insurance Group Inc. (MIG), Rudolph Technologies Inc. (NYSE:RTEC), A.M. Castle & Co. (CAS) and Kennedy-Wilson Holdings Inc. (NYSE:KW).


Royce & Associates reduced its position in scientific instruments developer, FEI Company, by 26.25 percent. This brings the firm’s total holdings down to 1.9 million shares, from 2.5 million shares in the third quarter of 2012. Currently, FEI is trading at $58, its stock up 0.49 percent today. In 2012, its market value increased by more than 42 percent. The stock is trading at its all-time high. The recent reduction brings Royce’s ownership to 5.02 percent of FEI’s outstanding shares.

To view FEIC Company’s financial data, visit 10-Year Financials.

Meadowbrook Insurance Group Inc. (MIG)

Commercial insurance underwriter Meadowbrook Insurance Group has fluctuated in market value over the years. Last year, it struggled to maintain its worth. By the end of the year, the company lost almost 45 percent of its market value.

While its stock is barely up today, trading at $5.95, Royce & Associates shed the majority of its stake, saying goodbye to 93.85 percent of its shares, being left with a little over 225,000. At one point, Royce dealt with 4.2 million shares during the company’s better days.

With a market cap of $287.7 million, Meadowbrook upholds one star in Business Predictability and 6 in both Financial Strength and Profitability and Growth.

To view Meadowbrook Insurance’s financial data, visit 10-Year Financials.

Rudolph Technologies Inc. (NYSE:RTEC)

Market capitalized at $434.7 million, high-performance semiconductor systems manufacturer Rudolph Technologies is trading at its five-year high. Its price sits at $13.48, down by 3.37 percent.

This is Royce’s third reduction of the stock, eliminating 23.75 percent of the firm’s stake. It follows its 34 percent reduction in 2012’s third quarter. Royce also slashed 33,978 of its shares in the second quarter, and 510,900 shares in the first quarter.

Currently, Rudolph has 1.3 million shares of Rudolph. The company is ranked one star in Business Predictability, 9 in Financial Strength and 6 in Profitability and Growth.

To view Rudolph Technologies’ financial data, visit 10-Year Financials.

A.M. Castle & Co. (CAS)

Royce & Associates reduced its position in specialty metals and plastics distribution company AM Castle & Co. by 18.08 percent.

The company delivered almost 60 percent in returns last year, as it traded at its one-year high by the end of the year. Currently, its market price is $15.29. After the transaction, Royce is left with 5.5 percent of the company’s outstanding shares — a total of 1.27 million shares.

AM Castle has 1 star in Business Predictability, 5 in Financial Strength and 2 in Profitability and Growth.

To view AM Castle’s financial data, visit 10-Year Financials.

Kennedy-Wilson Holdings Inc. (NYSE:KW)

Kennedy-Wilson is a holding company whose primary business operations is providing oversight investment management services and real estate properties, loans and joint ventures advice to companies.

Recently, Royce & Associates decreased its stake in the company by 9.54 percent, ending with 4.7 million shares, from 5.1 million shares in the third quarter of 2012.

Royce first acquired the stock in the first quarter of 2010, buying 6.1 million shares at the average price of $9.50. Since then, Kennedy-Wilson stock has risen to $14.03 share price.

Its GuruFocus warning signs indicate its price is close to a ten-year high, its P/S ratio is close to a two-year high, and its dividend yield is close to a one-year high.

To view Kennedy-Wilson’s financials data, visit 10-Year Financials.

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About the author:

Dianne Tordillo
Dianne Tordillo is staff writer for GuruFocus.com. She reports on a variety of financial news, primarily dealing with investor portfolios and stock trades. Her articles also highlight insider trades, as well as the many useful features of GuruFocus.

Visit Dianne Tordillo's Website

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