At the end of the second quarter of 2015, the hedge fund Netols Asset Management Inc reported a total value of its portfolio of $507 million with a decline of 1.22% since the previous quarter.
During the Q2 2015, the hedge fund bought four new stocks and increased seven of its stakes. The following are the most heavily weighted buys during the quarter.
It bought shares of Cal-Maine Foods Inc (CALM) with an impact of 1.68% on its portfolio. The company is a producer and marketer of shell eggs in the United States. Its main business is the production, grading, packaging, marketing and distribution of shell eggs. The Company sells its shell eggs in 29 states, mainly in the southwestern, southeastern, mid-western and mid-Atlantic regions of the United States.
The company has a profitability and growth rating of 8 out of 10 with good returns (ROE 25.04%, ROA 18.48%). These ratios are outperforming 87% of the Global Packaged Foods industry. Financial strength has a rating of 9 out of 10 with an interest coverage of 101.74 and a cash to debt of 5.09 that says the company doesn’t have any problem with cash.
The main shareholder is Chuck Royce (Trades, Portfolio) with 7.41% of outstanding shares, followed by Jim Simons (Trades, Portfolio) with 2.53% and John Hussman (Trades, Portfolio) with 0.21%.
It bought shares of Finish Line Inc (FINL) with an impact of 1.62% on its portfolio. The company along with its subsidiaries is a mall-based specialty retailer in the United States, and operates two retail divisions under the Finish Line brand name or Finish Line and Running Specialty Group or Running Specialty. It is a premium retailer of athletic shoes, apparel and accessories. The Company operated approximately 634 Finish Line stores, which average 5,463 square feet, in 45 U.S. states and Puerto Rico.
The company has a profitability and growth rating of 7 out of 10 with positive returns such as ROE of 14.21% that is ranked higher than 72% of other companies in the Global Specialty Retail industry and a ROA of 10.26% that is performing better than 83% of its competitors. Even financial strength is positive and both cash to debt and interest coverage ratio say the company is out of debt.
The main hedge fund holding shares of the company is Chuck Royce (Trades, Portfolio) with 9.64% of outstanding shares, followed by Steven Cohen (Trades, Portfolio) with 1.74% and Scott Black (Trades, Portfolio) with 0.72% of FNL’s outstanding shares.
It bought shares of Bottomline Technologies Inc (EPAY) with an impact of 1.40% on its portfolio. The Company provides cloud-based payment, invoice and banking solutions to corporations, financial institutions and banks. The company’s solutions are used to streamline, automate and manage processes involving payments, invoicing, global cash management, supply chain finance and transactional documents. Its business is segmented into three areas - Payments and Transactional Documents, Banking Solutions and Hosted Solutions.
The company has a profitability and growth rating of 5 out of 10 with slightly negative returns (ROE -3.89%, ROA -2.14%) that are underperforming 71% of companies in the Global Software - Application industry. Financial strength is rated 4 out of 10 with and a cash to debt of 0.89 that is ranked lower than 77% of EPAY’s competitors.
The main hedge fund holding shares of the company is Ron Baron (Trades, Portfolio)Â with 2.39% of outstanding shares, followed by George Soros (Trades, Portfolio) with 0.58% and Chuck Royce (Trades, Portfolio) with 0.30%.
It bought shares of Bob Evans Farms Inc (BOBE) with an impact of 1.09% on its portfolio. The Company is a full-service restaurant company that operates Bob Evans Restaurants. It is also a producer and distributor of pork sausage product and complementary home-style refrigerated side dishes and frozen food items under the Bob Evans, Owens and Country Creek brand names. These food products are distributed to warehouses that distribute to grocery stores throughout the United States. Additionally, it manufactures and sells similar products to foodservice accounts, including Bob Evans Restaurants and other restaurants and food sellers.
The company has a profitability and growth rating of 4 out of 10 with almost null returns (ROE 4.38%, ROA 1.47%) that are underperforming 65% of other companies in the Global Restaurants industry. Financial strength is rated as 7 out of 10 even so the company is without cash to pay its debts, cash to debt ratio is 0.01.
The main hedge fund holding shares of the company is Chuck Royce (Trades, Portfolio) with 1.80% of outstanding shares, followed by John Rogers (Trades, Portfolio)Â with 0.94% and John Keeley (Trades, Portfolio) with 0.16% of shares outstanding.
Increased stakes
The hedge fund also increased its stakes as follow: Brady Corp (BRC) by 11%, Sterling Bancorp Del (STL) by 8%, Mantech International Corp (MANT) by 27%, Old Natl Bancorp Ind (ONB) by 7%, Willbros Group Inc Del (WG) by 41% and Formfactor Inc (FORM) by 515.64%.
