Western Standard LLC recently filed their 13F report for the first quarter of 2022, which ended on 2022-03-31.
The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.
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As of the latest 13F report, the guru’s equity portfolio contained 21 stocks valued at a total of $100,000,000. The top holdings were FHN(9.24%), DLA(9.06%), and PFSW(8.95%).
According to GuruFocus data, these were Western Standard LLC’s top five trades of the quarter.
IHS Markit Ltd
The guru sold out of their 223,930-share investment in NYSE:INFO. Previously, the stock had a 18.91% weight in the equity portfolio. Shares traded for an average price of $116.3 during the quarter.
On 05/19/2022, IHS Markit Ltd traded for a price of $108.61 per share and a market cap of $43,344,119,000. The stock has returned 21.07% over the past year.
There is insufficient data to calculate the stock’s financial strength and profitability ratings.
In terms of valuation, IHS Markit Ltd has a price-earnings ratio of 36.20, a price-book ratio of 4.57, a price-earnings-to-growth (PEG) ratio of 1.59, a EV-to-Ebitda ratio of 22.35 and a price-sales ratio of 9.36.
Marlin Business Services Corp
The guru sold out of their 1,202,638-share investment in NAS:MRLN. Previously, the stock had a 17.79% weight in the equity portfolio. Shares traded for an average price of $23.45 during the quarter.
On 05/19/2022, Marlin Business Services Corp traded for a price of $23.49 per share and a market cap of $282,500,000. The stock has returned 101.26% over the past year.
GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 5 out of 10.
In terms of valuation, Marlin Business Services Corp has a price-earnings ratio of 7.48, a price-book ratio of 1.31, a price-earnings-to-growth (PEG) ratio of 0.97 and a price-sales ratio of 3.34.
The price-to-GF Value ratio is 1.49, earning the stock a GF Value rank of 1.
First Horizon Corp
The guru established a new position worth 410,802 shares in NYSE:FHN, giving the stock a 9.24% weight in the equity portfolio. Shares traded for an average price of $19.9 during the quarter.
On 05/19/2022, First Horizon Corp traded for a price of $22.03 per share and a market cap of $11,778,019,000. The stock has returned 19.61% over the past year.
GuruFocus gives the company a financial strength rating of 4 out of 10 and a profitability rating of 5 out of 10.
In terms of valuation, First Horizon Corp has a price-earnings ratio of 13.10, a price-book ratio of 1.59, a price-earnings-to-growth (PEG) ratio of 2.08 and a price-sales ratio of 4.18.
The price-to-GF Value ratio is 1.56, earning the stock a GF Value rank of 1.
FTS International Inc
The guru sold out of their 372,839-share investment in AMEX:FTSI. Previously, the stock had a 6.22% weight in the equity portfolio. Shares traded for an average price of $26.38 during the quarter.
On 05/19/2022, FTS International Inc traded for a price of $26.49 per share and a market cap of $372,525,000. The stock has returned 28.72% over the past year.
GuruFocus gives the company a financial strength rating of 8 out of 10 and a profitability rating of 5 out of 10.
In terms of valuation, FTS International Inc has a price-book ratio of 1.50, a EV-to-Ebitda ratio of 13.63 and a price-sales ratio of 1.30.
The price-to-GF Value ratio is 2.36, earning the stock a GF Value rank of 1.
Ecovyst Inc
During the quarter, Western Standard LLC bought 437,246 shares of NYSE:ECVT for a total holding of 815,446. The trade had a 4.42% impact on the equity portfolio. During the quarter, the stock traded for an average price of $10.48.
On 05/19/2022, Ecovyst Inc traded for a price of $10.1 per share and a market cap of $1,399,452,000. The stock has returned -17.73% over the past year.
GuruFocus gives the company a financial strength rating of 4 out of 10 and a profitability rating of 5 out of 10.
In terms of valuation, Ecovyst Inc has a price-book ratio of 1.84, a EV-to-Ebitda ratio of 14.55 and a price-sales ratio of 2.11.
The price-to-GF Value ratio is 1.30, earning the stock a GF Value rank of 3.
Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.
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