Columbia Wanger (Trades, Portfolio) Asset Management sold out three stakes in its portfolio on March 31, making seven divestitures for the guru since the start of the year.
In the transaction that had the greatest impact on its portfolio, Columbia Wanger (Trades, Portfolio) sold its 10,681,664-share stake in Bankrate Inc. (RATE, Financial), a New York-based financial services company, for $9.17 per share. The divestiture had a -1.42% impact on Columbia Wanger (Trades, Portfolio)’s portfolio.
Bankrate’s leading shareholder among the gurus is Chuck Royce (Trades, Portfolio) with a stake of 920,634 shares. The stake is 0.95% of Bankrate’s outstanding shares and 0.07% of Royce’s total assets.
Bankrate has a P/B of 1.1 and a P/S of 1.7. GuruFocus gives Bankrate a Financial Strength rating of 6/10 and a Profitability and Growth rating of 5/10.
Bankrate sold for $8.62 per share at midday Friday.
Columbia Wanger (Trades, Portfolio) sold its 2,741,463-share stake in The Hackett Group Inc. (HCKT, Financial), a Miami-based business consultant specializing in business transformation, enterprise performance management, working capital management and global business services, for $15.12 per share. The divestiture had a -0.44% impact on Columbia Wanger (Trades, Portfolio)’s portfolio.
The Hackett Group’s leading shareholder among the gurus is Royce with a stake of 782,466 shares. The stake is 2.59% of The Hackett Group’s outstanding shares and 0.08% of Royce’s total assets.
The Hackett Group has a P/E of 33.3, a forward P/E of 17.2, a P/B of 4.1 and a P/S of 1.7. GuruFocus gives The Hackett Group a Financial Strength rating of 9/10 and a Profitability and Growth rating of 8/10.
The Hackett Group sold for $14.38 per share at midday Friday.
Columbia Wanger (Trades, Portfolio) sold its 2,894,207-share stake in Rubicon Technology Inc. (RBCN, Financial), a sapphire product company, for 73 cents per share. The divestiture had a -0.03% impact on Columbia Wanger (Trades, Portfolio)’s portfolio.
Rubicon’s leading shareholder among the gurus is John Rogers (Trades, Portfolio) with a stake of 4,767,365 shares. The stake is 17.84% of Rubicon’s outstanding shares and 0.07% of Rogers’ total assets.
Rubicon has a P/B of 0.2 and a P/S of 0.8. GuruFocus gives Rubicon a Financial Strength rating of 4/10 and a Profitability and Growth rating of 1/10.
Rubicon sold for 68 cents per share at midday Friday.
Columbia Wanger (Trades, Portfolio) divested itself of four stakes in February – Fresh Market Inc. (TFM, Financial), RetailMeNot Inc. (SALE, Financial), Gaiam Inc. (GAIA, Financial) and Amber Road Inc. (AMBR, Financial).
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