Intrepid Capital Management Cuts Exposure to World Wrestling Entertainment, Inc. (WWE); Closes Stake in EPIQ Systems, Inc. (EPIQ)

Intrepid Capital Management, a mid-sized fund led by Mark Travis, has reported, in a newly amended filing with the SEC, trimming its stake in World Wrestling Entertainment, Inc. (NYSE:WWE) to around 2.85 million class A shares, from 3.26 million held previously. The stake amasses 9.1% of the class A common stock. In another filing, the fund reported closing its holding in EPIQ Systems, Inc. (NASDAQ:EPIQ), after owning over 2.02 million shares previously.

World Wrestling Entertainment, Inc. (NYSE:WWE)

EPIQ Systems, Inc. (NASDAQ:EPIQ) is a company engaged in providing solutions for electronic discovery, bankruptcy and class action settlement administration. Claus Moller’s P2 Capital Partners, in its latest 13F, revealed holding around 1.78 million shares of the company.

World Wrestling Entertainment, Inc. (NYSE:WWE) is a company that provides production and marketing of television, as well as pay-per-view event programming and live events. Its stock gained over 20% since the beginning of the year, while during the past year, the stock advanced by around 150%. However, the stock still trades below the consensus target of $24.3 per share.

Among the insiders, one stands out: Stephanie Levesque, the Chief Brand Officer of World Wrestling Entertainment, Inc. (NYSE:WWE), who over the past couple of months has been dumping the stock, and in the first week of January sold out her entire position. Hedge funds aren’t very fond of the stock either. In the previous round of 13F filings, Renaissance Technologies, led by Jim Simons, reported holding 1.97 million shares of World Wrestling Entertainment, Inc. (NYSE:WWE), down by 3% over the quarter. Chuck Royce’s Royce & Associates revealed decreasing its stake by 20% over the quarter to 1.56 million shares.

Intrepid has a equity portfolio worth around $536 million as at the end of September 2013. The largest holding in the equity portfolio, in terms of value, is represented by FTI Consulting, Inc. (NYSE:FCN), in which it owns 1.13 million shares, worth $42.85 million.

Disclosure: none

Recommended Reading:

Pershing Square Buys Into Platform Specialty Products Corporation (PAH)

Soros Trims Exposure to Exar Corporation (EXAR)

Pine River Capital Management Cuts Holding in PHH Corporation (PHH)

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 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

The 10 Most Peaceful Countries in the World

5 Big Reasons Communism Failed

The 15 Most Famous Carl Icahn Quotes

10 Scary Animals that are Actually Harmless

The 8 Most Famous Singer-Actors in Entertainment

The 10 Longest Wars of All Time

The 13 Worst Looking Foods that Taste Great

The 6 Most Gruesome Injuries Suffered During a Sports Match

The 20 Biggest Contracts in MLB History

The 7 Worst Blown Calls in Sports History

7 Free Ways to Advertise Your Business Online

The 18 Best R&B Songs of the 90’s

The 10 Most Dangerous States to be a Cop

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!