ELLH News and Headlines - Elah Holdings Inc
Real Industry Inc. (NASDAQ:RELY) is a holding company based in Southern California backed by notable investors, including Sam Zell. With over $800 million in federal net operating losses (NOLs), management plans to acquire cash generating, stand-alone businesses that can utilize the NOL asset. Its first major purchase was Real Alloy, an aluminum recycling company. We believe the value of Real Alloy alone is more than the current market capitalization of Real Industry.
From [url=http://www.gurufocus.com/StockBuy.php?GuruName=John+Rogers]John Rogers[/url] ([url=http://www.gurufocus.com/StockBuy.php?GuruName=John+Rogers]Trades[/url], [url=http://www.gurufocus.com/holdings.php?GuruName=John+Rogers]Portfolio[/url])' first quarter 2016 Ariel Discovery Fund Commentary.
Private Capital (Trades, Portfolio)’s Value Fund’s clients have enjoyed double-digit returns in the last couple of years. In the third quarter, Private Capital (Trades, Portfolio)’s primary transactions for its own portfolio involved additions to existing stakes.
Private Capital (Trades, Portfolio)’s most significant third-quarter transaction, however, was the sale of its 399,514-share stake in DeVry Education Group Inc. (DV), a Downers Grove, Ill.-based education company, for an average price of $28.42 per share. The deal had a -1.27% impact on Private Capital (Trades, Portfolio)’s portfolio.
DeVry Education Group has
Arquitos Capital Partners returned 8.0% net of fees and expenses in the second quarter of 2015, bringing the year to date return to 2.5%. Our annualized return since the April 10, 2012 launch is 33.2%. Please see page four for more detailed performance information.
Our biggest winner during the quarter was Real Industry (RELY). The price of its shares advanced from $6.14 to $11.35 during that time period. I briefly mentioned it in last quarter’s letter, saying that I was happy with their operational advancement. At the time the stock price simply was not representative of
Arnold Van Den Berg (Trades, Portfolio), whose Century Management recorded return percentages in double digits in 2013 and 2012, prefers to apply value investment strategies as his investment philosophy. With that in mind, he added four new stakes to his portfolio in the second quarter.
The most significant acquisition was his 478,985-share stake in General Motors Co (GM), an automotive company based in Detroit, for an average price of $35.7 per share. The transaction had a 2.42% impact on his portfolio.
General Motors has a market cap of $51.08 billion and an enterprise value of $75.64 billion.
Hotchkis & Wiley, a Los Angeles-based investment firm, has been successfully managing portfolios for more than 30 years. In 2013, its investment advice yielded a 39.95% return for its clients, more than double its performance in 2012.
Value investors, Hotchkis & Wiley emphasizes a company's tangible assets, sustainable cash flow and potential for improving business performance.
In the fourth quarter, Hotchkis & Wiley added to its third-largest stake – Cobalt International Energy Inc (CIE). The firm bought 11,203,447 shares in Cobalt, a Houston-based oil exploration and production company, for an average price of $8.87 per share. The transaction had a