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David Goodloe
David Goodloe
Articles (769) 

Columbia Wanger Sells Four Stakes in Portfolio

Firm divests itself of part of stake in World Acceptance Corp.

Columbia Wanger (Trades, Portfolio) reported activity in five existing stakes in its portfolio on Sept. 30, reducing one and selling four.

The four stakes the firm sold were Caesarstone Sdot-Yam Ltd. (NASDAQ:CSTE), Cogent Communications Holdings Inc. (NASDAQ:CCOI), Liquidity Service Inc. (NASDAQ:LQDT) and Marlin Business Services Corp. (NASDAQ:MRLN). The firm reduced its position in World Acceptance Corp. (NASDAQ:WRLD).

Columbia Wanger (Trades, Portfolio) sold its 1,851,564-share stake in Caesarstone Sdot-Yam, an Israeli company that manufactures engineered stone surfaces used as countertops, vanity tops and sinks in residential and commercial buildings, for $30.4 per share. The transaction had a -0.82% impact on Columbia Wanger (Trades, Portfolio)’s portfolio.

Caesarstone Sdot-Yam has a market cap of $1.04 billion and an enterprise value of $1.02 billion. It has a P/E of 13.7, a forward P/E of 10.1, a P/B of 3.3 and a P/S of 2.5. Ron Baron (Trades, Portfolio), RS Investment Management (Trades, Portfolio) and John Burbank (Trades, Portfolio) have shares of Caesarstone Sdot-Yam in their portfolios.

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Columbia Wanger (Trades, Portfolio) sold its 850,247-share stake in Cogent Communications, a Washington, D.C.-based telecommunications provider, for $27.16 per share. The sale had a -0.18% impact on Columbia Wanger (Trades, Portfolio)’s portfolio.

Cogent Communications has a market cap of $1.27 billion and an enterprise value of $1.62 billion. It has a forward P/E of 42.6, a P/B of 57.3 and a P/S of 3.3. Jim Simons (Trades, Portfolio), RS Investment Management (Trades, Portfolio) and Louis Moore Bacon (Trades, Portfolio) have shares of Cogent Communications in their portfolios.

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Columbia Wanger (Trades, Portfolio) divested itself of its 2,174,018-share stake in Liquidity Service, an online auction marketplace, for $7.39 per share. The deal had a -0.13% impact on Columbia Wanger (Trades, Portfolio)’s portfolio.

Liquidity Service has a market cap of $233.29 million and an enterprise value of $137.1 million. It has a forward P/E of 18.9, a P/B of 0.9 and a P/S of 0.5. Jim Simons (Trades, Portfolio), Paul Tudor Jones (Trades, Portfolio) and Chuck Royce (Trades, Portfolio) have shares of Liquidity Service in their portfolios.

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Columbia Wanger (Trades, Portfolio) sold its 834,448-share stake in Marlin Business Services, a New Jersey-based provider of business equipment financing solutions, for $15.39 per share. The sale had a -0.09% impact on Columbia Wanger (Trades, Portfolio)’s portfolio.

Marlin Business Services has a market cap of $198.56 million and an enterprise value of $100.45 million. It has a P/E of 11.6, a forward P/E of 11.0, a P/B of 1.1 and a P/S of 2.3. Jim Simons (Trades, Portfolio) has shares of Marlin Business Services in his portfolio.

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Columbia Wanger (Trades, Portfolio) reduced its position in World Acceptance, a Greenville, S.C.-based small-loan consumer finance company, by more than 45%. Columbia Wanger (Trades, Portfolio) sold 333,997 shares for $26.84 per share. The sale had a -0.06% impact on Columbia Wanger (Trades, Portfolio)’s portfolio.

World Acceptance has a market cap of $258.37 million and an enterprise value of $730.11 million. It has a P/E of 2.4, a forward P/E of 3.4, a P/B of 0.8 and a P/S of 0.4. Columbia Wanger (Trades, Portfolio) remained World Acceptance’s leading shareholder among the gurus; Jim Simons (Trades, Portfolio), Paul Tudor Jones (Trades, Portfolio) and Chuck Royce (Trades, Portfolio) have shares of World Acceptance in their portfolios.

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About the author:

David Goodloe
I'm a journalist by training. I grew up in Arkansas and earned my B.A. at the University of Arkansas. I earned my master's degree at the University of North Texas. My background includes stints at newspapers in Arkansas and Texas and teaching news writing and news editing to students at the University of Oklahoma and Richland College here in Dallas. I'm a writer/editor at GuruFocus.

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