Royce Ups $GIII $FINL, Cuts $MMS $AFAM $MPAA Others, Sells $IPSU

Chuck Royce’s Royce & Associates really changed things up in the fourth quarter. The fund increased several positions dramatically, while slashing others. It had nine transactions on December 31 that warranted the filing of a 13G

Royce & Associates increased its stake in G III Apparel Group Ltd (GIII) in the third quarter, going from a position of 1.18 million shares at the end of the third quarter to 2.03 million at the end of the fourth quarter, or roughly 10.26% of GIII.

Chuck Royce

Royce & Associates also increased its stake in Finish Line, Inc. (FINL), moving from 2.38 million shares at the end of the third quarter to 2.85 million shares at the end of the fourth quarter, or 5.61% of the company.

The fund reduced its stake in Maximus, Inc. (MMS) to 2.78 million shares, from 3.71 million shares at the end of the third quarter, bringing its total ownership in the company down to 8.29% as of December 31.

The fund went from having 881,961 shares in Almost Family, Inc. (AFAM) at the end of the third quarter to roughly half that at the end of the fourth quarter, reducing its stake to 434,944 shares, or 4.64% of the company.

The fund’s stake in Knight Capital Group, Inc. (KCG) also changed during the third quarter. Royce reduced its stake in KCG from just over 12.00 million shares at the end of September to roughly 11.10 million shares at the end of December, bringing its total ownership in the company to 11.27%.

Royce also reduced its stake in LHC Group, Inc. (LHCG), going from roughly $1.71 million at the end of the third quarter to 1.02 million shares at the end of the fourth quarter, or about 5.41% ownership of the company.

Royce & Associates were also bearish on Met Pro Corp. (MPR) in the fourth quarter. The fund went from owning 732,569 shares in the company at the end of September to having just 256,668 shares at the end of December, bringing its ownership of the company down to 1.75% at the end of the fourth quarter.

The fund also slashed its holdings in Motorcar Parts America, Inc. (MPAA) on December 31. It went from having more than 1.05 million shares in the company at the end of September to just 659,932 shares at the end of December. The change brought Royce’s total ownership in the company down to just 5.3% at the end of the fourth quarter.

Chuck Royce was most bearish on Imperial Sugar Co. (IPSU), completely selling out of the 1.09 million shares the fund owned at the end of September during the fourth quarter.

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 Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

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!