P.A.W Capital Partners’ Top Q3 Picks Headed By Web.com Group Inc (WWWW)

P.A.W Capital increased its stake in Allot Communications Ltd (NASDAQ:ALLT) to 660,000 shares with a value of $4.75 million at the end of the second quarter, which moved it into the second spot in the fund’s portfolio. The fund’s holding in the stock moving into the third quarter of 2015 represented 4.79% of its total portfolio value, and had been increased by 34% during the second quarter. Allot Communications Ltd. is a global provider of broadband solutions. The Company is focused on developing mobile, fixed, and enterprise networks to support the digital lifestyle. The company’s shares dropped by 32.06% during the last three months, while year-to-date it’s dropped by 43.69%. With a market cap of $667.51 million, the company had won four big contracts in April to supply its carrier-class Web Security service named Allot WebSafe Personal, though its shares began to crumble shortly after. Matthew Tewksbury‘s Stevens Capital Management is another firm that has disclosed a position in Allot Communications Ltd (NASDAQ:ALLT) as of June 30, owning 11,399 shares.

Moving on to P.A.W Capital’s third top  pick, Fairway Group Holdings Corp (NASDAQ:FWM), the fund reduced its stake in the retail sector company during the second quarter to 1.09 million shares, selling 5,000 shares during the quarter. As of June 30, P.A.W Capital’s stake in Fairway Group Holdings Corp (NASDAQ:FWM) was worth $3.86 million. The $132.01 million market cap company has established itself as a leading food retailing destination in the Greater New York City metropolitan area, with stores that emphasize an extensive selection of fresh, natural, and organic products, prepared foods and hard-to-find specialty and gourmet offerings, in additional to offering traditional groceries. Fairway is headquartered in New York, New York. In April, Pomerantz Law Firm filed a class action lawsuit against Fairway Group Holdings Corporation and certain of its officers, alleging that the defendants made materially false and misleading statements regarding the company’s business, operational, and compliance policies. The news had a severe impact on the company’s stock price, which plunged by 43% during the quarter. Thomas Claugus‘ GMT Capital built a new position of 1.06 million shares of Fairway Group during the second quarter, perhaps taking advantage of the dip to build its stake.

Disclosure: None