This week the asset management industry has leaped into the top four sectors with the most 52-week lows. Here’s a look at three of those companies with a high yield and billionaire stakeholders.
Industry Sector: Asset Management
This week the asset management sector lists 30 stocks out of 134 on a 52-week low. The low ratio is 0.22.
Highlight: Calamos Asset Management Inc. (CLMS, Financial) – Yield 4.97%
The current CLMS share price is $9.76, or 20.4% off the 52-week high of $12.26.
Down 11% over 12 months, CLMS has a market cap of $200.38 million, and trades at a P/E of 13.90 and a P/B of 1.02.
Calamos Asset Management Inc. is a global asset management firm that offers strategies to fulfill a range of asset allocation goals through a multi-team platform. The company together with its subsidiaries provides investment advisory services to individuals and institutional investors through open-end funds, closed-end funds, separate accounts, offshore funds and partnerships. The company applies an investment philosophy and proprietary process centered on risk management across a range of investment strategies, including equity, balanced, convertible, high yield, alternative, fixed income and money market investments.
Guru Owners: The top guru owner is currently Mario Gabelli with 126,000 shares as of the second quarter in 2013. Gabelli’s shares represent 0.61% of shares outstanding.
His trading history shows losses in seven out of nine quarters. Overall, he averaged a loss of 8% on 136,000 shares bought at an average price of $10.66 per share. He also lost 27% on 25,000 shares sold at an average price of $13.42 per share.
Check out the other guru stakeholder, Jim Simons, and active insider buying.
Historical tracking:
Solar Capital Ltd. (SLRC, Financial) – Yield 9.73%
The current SLRC share price is $22.62, or 12.8% off the 52-week high of $25.95.
Up 1% over 12 months, SLRC has a market cap of $1.02 billion, and trades at a P/E of 10.10 and a P/B of 1.01.
Incorporated in 2007, Solar Capital Ltd. is a closed-end, externally managed non-diversified management investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. The company invests in leveraged middle market companies in the form of senior secured loans, mezzanine loans and equity securities. Solar Capital also invests in public companies that are thinly traded. Its business model is focused primarily on the direct origination of investments through portfolio companies or their financial sponsors.
Guru Owners: The sole guru owner is currently Jeremy Grantham with 16,380 shares as of June 30, 2013. Grantham holds 0.04% of shares outstanding, and last increased his position by 29.78% in the second quarter, buying 3,759 shares at an average price of $23.37 per share. In two quarters of holding, he averaged a loss of 7% on 16,380 shares bought at an average price of $24.33 per share.
Historical tracking:
Check out past SLRC trading details of numerous gurus and insiders.
Highlight: BlackRock Kelso Capital Corporation (BKCC, Financial) – Yield 10.83%
The current BKCC share price is $9.61, or 11.2% off the 52-week high of $10.82.
Down 4% over 12 months, BKCC has a market cap of $712.72 million, and trades at a P/E of 12.60 and a P/B of 1.03.
Incorporated in 2005, BlackRock Kelso Capital Corporation provides middle-market companies with flexible financing solutions, including senior and junior secured, unsecured and subordinated debt securities and loans, and equity securities. The company is organized as an externally-managed, non-diversified closed-end management investment company.
Guru Owners: The sole guru owner is currently Jeremy Grantham with 32,000 shares as of June 30, 2013. Grantham holds 0.04% of shares outstanding, and last decreased his position by 5.88% in the second quarter, unloading 2,000 shares at an average price of $9.77 per share, taking a loss of 1.6%. In five losing quarters, he averaged a loss of 4% on 34,000 shares bought at an average price of $10.05 per share. He also averaged a loss of 2% on 2,000 shares bought at an average price of $9.77 per share.
Learn more about BKCC history and active insider selling here.
Historical pricing since 2007:
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Use the GuruFocus Value Screen to find 52-Week Lows and discover potentially deep value stocks held by billionaire Guru investors.
Industry Sector: Asset Management
This week the asset management sector lists 30 stocks out of 134 on a 52-week low. The low ratio is 0.22.
Highlight: Calamos Asset Management Inc. (CLMS, Financial) – Yield 4.97%
The current CLMS share price is $9.76, or 20.4% off the 52-week high of $12.26.
Down 11% over 12 months, CLMS has a market cap of $200.38 million, and trades at a P/E of 13.90 and a P/B of 1.02.
Calamos Asset Management Inc. is a global asset management firm that offers strategies to fulfill a range of asset allocation goals through a multi-team platform. The company together with its subsidiaries provides investment advisory services to individuals and institutional investors through open-end funds, closed-end funds, separate accounts, offshore funds and partnerships. The company applies an investment philosophy and proprietary process centered on risk management across a range of investment strategies, including equity, balanced, convertible, high yield, alternative, fixed income and money market investments.
Guru Owners: The top guru owner is currently Mario Gabelli with 126,000 shares as of the second quarter in 2013. Gabelli’s shares represent 0.61% of shares outstanding.
His trading history shows losses in seven out of nine quarters. Overall, he averaged a loss of 8% on 136,000 shares bought at an average price of $10.66 per share. He also lost 27% on 25,000 shares sold at an average price of $13.42 per share.
Check out the other guru stakeholder, Jim Simons, and active insider buying.
Historical tracking:
Solar Capital Ltd. (SLRC, Financial) – Yield 9.73%
The current SLRC share price is $22.62, or 12.8% off the 52-week high of $25.95.
Up 1% over 12 months, SLRC has a market cap of $1.02 billion, and trades at a P/E of 10.10 and a P/B of 1.01.
Incorporated in 2007, Solar Capital Ltd. is a closed-end, externally managed non-diversified management investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. The company invests in leveraged middle market companies in the form of senior secured loans, mezzanine loans and equity securities. Solar Capital also invests in public companies that are thinly traded. Its business model is focused primarily on the direct origination of investments through portfolio companies or their financial sponsors.
Guru Owners: The sole guru owner is currently Jeremy Grantham with 16,380 shares as of June 30, 2013. Grantham holds 0.04% of shares outstanding, and last increased his position by 29.78% in the second quarter, buying 3,759 shares at an average price of $23.37 per share. In two quarters of holding, he averaged a loss of 7% on 16,380 shares bought at an average price of $24.33 per share.
Historical tracking:
Check out past SLRC trading details of numerous gurus and insiders.
Highlight: BlackRock Kelso Capital Corporation (BKCC, Financial) – Yield 10.83%
The current BKCC share price is $9.61, or 11.2% off the 52-week high of $10.82.
Down 4% over 12 months, BKCC has a market cap of $712.72 million, and trades at a P/E of 12.60 and a P/B of 1.03.
Incorporated in 2005, BlackRock Kelso Capital Corporation provides middle-market companies with flexible financing solutions, including senior and junior secured, unsecured and subordinated debt securities and loans, and equity securities. The company is organized as an externally-managed, non-diversified closed-end management investment company.
Guru Owners: The sole guru owner is currently Jeremy Grantham with 32,000 shares as of June 30, 2013. Grantham holds 0.04% of shares outstanding, and last decreased his position by 5.88% in the second quarter, unloading 2,000 shares at an average price of $9.77 per share, taking a loss of 1.6%. In five losing quarters, he averaged a loss of 4% on 34,000 shares bought at an average price of $10.05 per share. He also averaged a loss of 2% on 2,000 shares bought at an average price of $9.77 per share.
Learn more about BKCC history and active insider selling here.
Historical pricing since 2007:
If you are not yet a Premium Member, try a 7-day Free Trial.
Use the GuruFocus Value Screen to find 52-Week Lows and discover potentially deep value stocks held by billionaire Guru investors.
