Mariko Gordon (Trades, Portfolio) of Daruma Capital Management made her reputation by building her firm from the ground up to more than $2 billion, but her most noteworthy first-quarter transaction involved the sale of a stake in her portfolio.
Gordon sold her 1,151,149-share stake in Electronics for Imaging Inc. (EFII, Financial), a digital imaging company based in Fremont, California, for an average price of $40.82 per share. The divestiture had an impact of -3.22% of Gordon’s portfolio.
Ron Baron (Trades, Portfolio) is Electronics for Imaging’s leading shareholder among the gurus with a stake of 1,250,000 shares. The stake is 2.65% of Electronics for Imaging’s outstanding shares and 0.28% of Baron’s total assets.
Electronics for Imaging has a P/E of 67, a forward P/E of 14.7, a P/B of 2.4 and a P/S of 2.2. GuruFocus gives Electronics for Imaging a Financial Strength rating of 7/10 and a Profitability and Growth rating of 6/10.
Electronics for Imaging sold for $42.23 per share Friday. The DCF Calculator gives Electronics for Imaging a fair value of $6.64.
Gordon invested in a 1,039,502-share stake in EverBank Financial Corp. (EVER, Financial), a banking and financial services company based in Jacksonville, Florida, for an average price of $13.91 per share. The transaction had a 0.98% impact on Gordon’s portfolio.
The stake is 0.83% of EverBank’s outstanding shares and 0.98% of Gordon’s total assets. EverBank’s leading shareholder among the gurus is Jim Simons (Trades, Portfolio) with a stake of 1,385,100 shares. The stake is 1.11% of EverBank’s outstanding shares and 0.04% of Simons’ total assets.
EverBank has a P/E of 13.8, a forward P/E of 9.8, a P/B of 1.1 and a P/S of 2. GuruFocus gives EverBank a Financial Strength rating of 6/10 and a Profitability and Growth rating of 6/10.
EverBank sold for $14.63 per share Friday. The DCF Calculator gives EverBank a fair value of $11.34.
Gordon trimmed her stake in Briggs & Stratton Corp. (BGG, Financial), a Wauwatosa, Wisconsin-based developer and manufacturer of internal combustion gas engines, by 25%, selling 750,846 shares for an average price of $20.49 per share. The deal had a -0.78% impact on Gordon’s portfolio.
The remaining stake of 2,253,084 shares is 5.2% of Briggs & Stratton’s outstanding shares and 3.37% of Gordon’s total assets. Briggs & Stratton’s leading shareholder among the gurus is Charles Brandes (Trades, Portfolio) with a stake of 2,807,569 shares. The stake is 6.48% of Briggs & Stratton’s outstanding shares and 0.96% of Brandes’ total assets.
Briggs & Stratton has a P/E of 22.6, a forward P/E of 12.8, a P/B of 1.7 and a P/S of 0.5. GuruFocus gives Briggs & Stratton a Financial Strength rating of 7/10 and a Profitability and Growth rating of 6/10.
Briggs & Stratton sold for $21.27 per share Friday. The DCF Calculator gives Briggs & Stratton a fair value of $10.06.
Gordon sold more than 14% of her stake in Babcock & Wilcox Enterprises Inc. (BW, Financial), a Charlotte, North Carolina-based energy generation company. Gordon sold 451,585 shares for an average price of $19.93 per share. The transaction had a -0.56% impact on Gordon’s portfolio.
The remaining stake of 2,496,818 shares is 4.93% of Babcock & Wilcox’s outstanding shares and 3.34% of Gordon’s total assets. Gordon is Babcock & Wilcox’s leading shareholder among the gurus.
Babcock & Wilcox has a P/E of 69.3, a forward P/E of 12.6, a P/B of 1.4 and a P/S of 0.7. GuruFocus gives Babcock & Wilcox a Financial Strength rating of 5/10 and a Profitability and Growth rating of 3/10.
Babcock & Wilcox sold for $21.5 per share Friday. The DCF Calculator gives Babcock & Wilcox a fair value of $3.1.
Gordon hiked her stake in CoStar Group Inc. (CSGP, Financial), a commercial real estate information provider based in Washington, by more than 18% with the purchase of 46,952 shares for an average price of $177.25 per share. The deal had a 0.55% impact on Gordon’s portfolio.
The stake, now 301,006 shares, is 0.92% of CoStar Group’s outstanding shares and 3.54% of Gordon’s total assets. Baron is CoStar’s leading shareholder among the gurus with a stake of 2,927,419 shares. The stake is 8.99% of CoStar’s outstanding shares and 2.91% of Baron’s total assets.
CoStar has a P/E of 329.4, a forward P/E of 43.1, a P/B of 4.1 and a P/S of 8.4. GuruFocus gives CoStar a Financial Strength rating of 9/10 and a Profitability and Growth rating of 7/10.
CoStar Group sold for $197.64 per share Friday. The DCF Calculator gives CoStar Group a fair value of $6.42.
Gordon boosted her stake in Rogers Corp. (ROG, Financial), a maker of specialty materials based in Rogers, Connecticut, by more than 14% with the acquisition of 116,438 shares for an average price of $50.21 per share. The transaction had a 0.44% impact on Gordon’s portfolio.
The stake, now 940,084 shares, is 5.22% of Rogers’ outstanding shares and 3.52% of Gordon’s total assets. Gordon is Rogers’ leading shareholder among the gurus.
Rogers has a P/E of 24.3, a P/B of 1.8 and a P/S of 1.8. GuruFocus gives Rogers a Financial Strength rating of 8/10 and a Profitability and Growth rating of 7/10.
Rogers sold for $62.45 per share Friday. The DCF Calculator gives Rogers a fair value of $27.5.
Gordon increased her stake in Insulet Corp. (PODD, Financial), a medical device company based in Billerica, Massachusetts, by nearly 13%. Gordon purchased 166,639 shares for an average price of $31.44 per share. The deal had a 0.35% impact on Gordon’s portfolio.
The stake, now 1,483,179 shares, is 2.59% of Insulet’s outstanding shares and 3.08% of Gordon’s total assets. Insulet’s leading shareholder among the gurus is PRIMECAP Management (Trades, Portfolio) with a stake of 5,194,369 shares. The stake is 9.09% of Insulet’s outstanding shares and 0.18% of PRIMECAP’s total assets.
Insulet has a P/B of 61.8 and a P/S of 4.7. GuruFocus gives Insulet a Financial Strength rating of 6/10 and a Profitability and Growth rating of 4/10.
Insulet sold for $28.56 per share Friday. The DCF Calculator gives Insulet a fair value of $-13.59.
Gordon raised her stake in MasTec Inc. (MTZ, Financial), a Coral Gables, Florida-based company engaged in engineering and construction, by almost 10% with her purchase of 257,060 shares for an average price of $16.3 per share. The transaction had a 0.33% impact on Gordon’s portfolio.
The stake, now 2,872,171 shares, is 3.49% of MasTec’s outstanding shares and 3.64% of Gordon’s total assets. Gordon is MasTec’s leading shareholder among the gurus.
MasTec has a forward P/E of 13, a P/B of 2 and a P/S of 0.4. GuruFocus gives MasTec a Financial Strength rating of 7/10 and a Profitability and Growth rating of 6/10.
MasTec sold for $22.29 per share Friday. The DCF Calculator gives MasTec a fair value of $-10.17.
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