Bart Baum’s Ionic Capital Management is Bullish On Gencorp Inc (GY)

Bart Baum’s Ionic Capital Management boosted its stake in Gencorp Inc (NYSE:GY)  to 5.07% of the company. Ionic Capital now holds 3.18 million shares of the company. The fund reported an ownership of 1.55 million shares of Gencorp Inc (NYSE:GY)  in its 13F for the third quarter of 2013..

gencorp_logo_315_carousel-304

There are several other funds, which have been bullish about Gencorp Inc (NYSE:GY). Mario Gabelli’s Gamco Investors reported an ownership of 5.5 million shares in its latest 13F. Gamco Investors increased its position in the company by 125,900 shares during the last quarter of 2013. Warren Lichtenstein’s Steel Partners holds 4.18 million shares of the company as reported in the third quarter of 2013. The company insiders did not buy any shares in 2013. However, the insiders sold 19,601 shares at an average price of $16.33 per share.

Bart Baum founded Ionic Capital Management in 2006 with Dan Stone and Adam Radosti. The fund manages $2.9 billion in assets. The fund invests heavily in basic materials, technology, and financial services.

Gencorp Inc (NYSE:GY) operates as an industrial goods provider, and the company engages in manufacture and sale of aerospace, defense products and systems in the United States. The firm operates in two segments; Aerospace and Defense, and Real Estate. The firm’s Aerospace and Defense segment offers defense system products including liquid, solid, and air-breathing propulsion systems, components for applications in missile defense systems, maneuvering propulsion systems, precision war-fighting systems, and specialty metal products. The firm’s Real Estate segment offers re-zoning, entitlement, sale, and leasing services of the firm’s real estate assets. The firm was founded in 1915 and is headquartered in Rancho Cordova, California.

Disclosure: none

Recommended Reading:

Omega Advisors Raises its Stake in New Residential Investment Corp (NRZ)

Ken Griffin’s Citadel Investment Boosts Its Stake in Beazer Homes USA Inc. (BZH)

Roumell Asset Management Dumps Tecumseh Products Company (TECUA)

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 9 Most Dangerous Countries for Tourists to Visit

Reign of Terror: The 10 Most Ruthless Politicians in History

On the Move: The 10 Fastest Growing Businesses in 2015

Fast Money: The 10 Highest Paying Fast Food Restaurants

Mixing It Up: The 14 Best Music Mashups of 2014

Rito Pls Buff: The 10 Least Played Champions in LoL Season 4

10 Covers of Popular Songs that are Better than the Originals

Must See TV: The 9 Most Anticipated Shows of 2015

The 15 Biggest Box Office Bombs of All Time

10 Things The World Can’t Stand About Americans

Picture Perfect: The 6 Smartphones with the Best Cameras

The 10 Best Countries To Work In the World

A Profitable Day At The Track: 5 Tips For Betting On Horses

Tearing You Apart: 6 Bad Habits That Ruin Relationships

Learning on the Job: The 6 Biggest Mistakes Parents Make

Shopaholics Rejoice: The 12 Biggest Malls in the World

Fright Night: 10 Horror Movies Based on True Stories

Mach Mania: The 10 Fastest Jets in the World

Military Heavyweights: The 10 Countries with the Most Tanks

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!