Gregory A. Weaver, Invicta Capital Management Dump The Stake in American Electric Technologies, Inc. (AETI)

Gregory A. Weaver has closed his fund’s investment in American Electric Technologies, Inc. (NASDAQ:AETI). In a recent filing with the Securities and Exchange Commission, Invicta Capital Management revealed the sale of the 645,410 shares it had previously owned. According to the fund’s latest 13F report, the stake was worth approximately $6.4 million.

American Electric Technologies

According to our database, only two other hedge funds that we track are invested in American Electric Technologies, Inc. (NASDAQ:AETI).  John W. Rogers‘ Ariel Investments holds over 1 million shares, up 29% during Q4 of 2013, reportedly worth $10.2 million. Jim Simons is also interested in this stock, with his fund increasing its stake by 14% last quarter. Renaissance Technologies owns 57,400 shares valued at $573,000.

American Electric Technologies, Inc. (NASDAQ:AETI) is a provider of power delivery solutions for the energy industry. The company has a market cap of $55 million and does not pay a dividend. Since the start of 2014, the stock has fallen 30% to a current price of $6.87. It is traded at a trailing Price to Earnings (P/E) ratio of 14.40, significantly lower than the industry average of 31.70. For the three months ended December 31, 2013, American Electric Technologies reported revenues of $18.1 million, a 20% year-over-year increase, and earnings of $0.07 per diluted share, up from $0.06 posted for the same period in 2012.

Weaver is also bullish on Himax Technologies, Inc. (ADR) (NASDAQ:HIMX). During the fourth quarter of 2013, Invicta Capital has added 94% to its previous holding, taking it to 900,000 shares worth approximately $13.2 million. Weaver has also added to the fund’s largest position - Infoblox Inc (NYSE:BLOX), in which it currently holds 825,000 shares valued at $27.2 million.

Disclosure: none.

Recommended reading:

Steven Cohen’s SAC Capital Ups Passive Stake in Gogo Inc (GOGO)

Jeffrey Ubben Ups ValueAct Capital’s Stake in Willis Group Holdings PLC (WSH)

James Dinan Discusses American Airlines Group Inc (AAL), The Men’s Wearhouse, Inc. (MW) & Hertz Global Holdings, Inc. (HTZ)

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
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 World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!