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Altai Capital Managements Adds To Position In Vocus, Inc. (VOCS)

Rishi Bajaj, Toby Symonds and Steve Tesoriere are bullish on Vocus, Inc. (NASDAQ:VOCS). As reported in a recent filing with the Securities and Exchange Commission, their fund, Altai Capital, has increased its holding of the stock by a little under 1 million shares, taking it to 2.5 million shares. This new position accounts for 11.6% of the total number of Vocus shares outstanding and, given the current market price of $13.34 per share, Altai’s stake is worth approximately $32.8 million.

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Ahmet Okumus is also keeping an eye on Vocus, Inc. (NASDAQ:VOCS). According to its latest 13F report, Okumus Fund Management, holds 4.9 million shares valued at $56 million, the largest position among the hedge funds we track. Jim Simons and his fund, Renaissance Technologies, also have a stake in this company, but have chosen to limit their exposure. During the previous quarter, Renaissance almost halved its position to 259,700 shares reportedly worth $3.0 million.

A provider of cloud marketing software, Vocus, Inc. (NASDAQ:VOCS) has a market cap of $288 million and does not pay a dividend. For the three months ending December 31, 2013, the company posted revenues of $47.4 million and a loss per share of $0.20. Market participants expect Vocus to generate revenues of $45.3 million and EPS of $0.07 for the current quarter. The stock has been in an uptrend since November and has advanced approximately 17% so far this year. It is trading at a forward Price to Earnings (P/E) ratio of 32.5x.

Altai Capital has recently increased its holding of RealD (NYSE:RLD) stock from 4.5 million to 4.8 million shares, which corresponds to 9.8% of the company’s common stock outstanding, and has initiated a new position in Wausau Paper Corp (NYSE:WPP), purchasing 2.6 million shares which account for 5.5% of the company’s total number of shares outstanding.

Disclosure: none.

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