Peter Schliemann’s Rutabaga Capital Recent Moves Includes Mktg, Inc. (CMKG), Douglas Dynamics Inc (PLOW) & Others

Peter Schliemann, who manages Rutabaga Capital believes in the regression to the mean, and finds out small companies with deteriorated margins for reasons, which he thinks he can tackle. He can wait for two or three years for the full turnaround of these companies and at the same time looks for a catalyst for quick growth. He further has inclination towards companies with a dominant niche and a decent balance sheet, but he is also ready to buy leveraged outfits, which has cash flow to service and pay down debt.

Rutabaga Capital has made several moves in its equity portfolio. In this piece, we have highlighted some of the recent moves, some of which include significant cuts in some of the holdings.

Mktg, Inc.The holding in Mktg, Inc. (OTCMKTS:CMKG), was boosted to 1.28 million shares from 1.03 million shares, held at the end of September 2013. The current stake amasses 14.8% of the company’s common stock.

Another company is Douglas Dynamics Inc (NYSE:PLOW), in which the fund raised its holding to 2.19 million shares from 2.14 million shares held earlier. The current stake amasses 9.85% of the company’s common stock.

In CPI Aerostructures, Inc. (NYSEMKT:CVU), Rutabaga Capital reiterated its stake of 624,464 shares, representing a 7.44% stake of the company’s common stock.

In Astro-Med, Inc. (NASDAQ:ALOT), Rutabaga Capital reiterated its holding of 681823 shares representing a 9.08% stake of the common stock.

In Evolving Systems Inc (NASDAQ:EVOL), sliced its position to 833,346 shares, from 834,505 shares. The current stake amasses 7.25% of the company’s common stock.

Citi Trends, Inc. (NASDAQ:CTRN), is another company where the fund sliced its position to 859,088 shares from 861,600 shares held in the third quarter. The current position amasses 5.56% stake of the common stock.

In Vishay Precision Group Inc (NYSE:VPG), the fund slightly trimmed its position to 819,948 shares from 833,348 shares as reported in the previous 13F filing. The current holding equals a 6.45% stake of the common stock.

The holding in Willis Lease Finance Corporation (NASDAQ:WLFC), was sliced to 747,030 shares from 758,330 shares held at the end of the third quarter. The current position is equivalent to 8.86% stake in the company’s common stock.

Rand Logistics, Inc. (NASDAQ:RLOG), is another company where the fund slightly edged down is position to 1.71 million shares from 1.72 million shares held at the end of the previous quarter. The current holding equals to a 9.55% stake of the company’s common stock.

In Perceptron, Inc. (NASDAQ:PRCP), Rutabaga Capital, reduced its stake to 533,896 shares from 535,396 shares held at the end of September 2013. The current stake amasses 6.0% of the company’s common stock.

Manitex International, Inc. (NASDAQ:MNTX), is another company where the fund trimmed its position to 962096 shares from 972663 shares held at the end of the third quarter. The current holding equals a 6.99% stake of the company’s common stock.

In Key Technology, Inc. (NASDAQ:KTEC), the fund reduced its holding to 575,904 shares, from 577,104 shares held at the end of the third quarter, as revealed in 13F. The current position is equivalent to 9.17% stake of the common stock.

In Image Sensing Systems, Inc. (NASDAQ:ISNS), Rutabaga sliced its position to 497,344 shares, from 499,540 shares held at the end of the third quarter. The current holding equals to a 10.00% stake of the company’s common stock.

The fund dumped Lionbridge Technologies, Inc. (NASDAQ:LIOX) from its equity portfolio. It held 1.23 million shares at the end of the third quarter with a reported value of $4.55 million.

Disclosure: none

Recommended reading:

Oaktree Capital’s Latest Moves: Newpage Holdings, Capital Product Partners LP (CPLP), & Masonite International Corp. (DOOR)

Global Payments Inc (GPN), Total System Services, Inc. (TSS) Among Value Holdings’ Largest Picks

Tiger Global Reduces Stake in TAL Education Group (ADR) (XRS) Again

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

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!