Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

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

Biotech Insider Alert - $5 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)

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...
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 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!