Tom Brown’s Second Curve Capital Raises Its Stake in Meta Financial Group Inc. (CASH)

Second Curve Capital, a hedge fund managed by Tom Brown, has revealed in a filing with the Securities and Exchange Commission boosting its position in Meta Financial Group Inc. (NASDAQ:CASH). The fund reported holding nearly 306,100 shares, equal to 5.01% of the company’s common stock. Earlier, in its latest 13F, Second Curve included a position in Meta Financial Group that contained close to 150,000 shares.

Meta Financial Group

Meta Financial Group Inc. (NASDAQ:CASH) is a U.S. bank holding company that conducts its operations primarily through its wholly owned subsidiary MetaBank. In February the company reported a net income of $3.0 million for the first quarter of its fiscal 2014, up from $3.1 million a year ago. Its first quarter assets edged up to $1.79 billion, from $1.62 billion posted a year ago. At the same time the company’s EPS amounted to $0.65 in the first quarter, above the last year result of $0.57, but lower than the consensus estimate of $0.69. For the current quarter, the company is expected to show earnings of $0.90 per share.

Out of the funds tracked by us at Insider Monkey, several ‘hedgies’ disclosed stakes in Meta Financial Group Inc. (NASDAQ:CASH). Jim Simons‘ Renaissance Technologies holds a $4.04 million position, which amasses 100,100 shares, followed by Malcolm Fairbairn‘s Ascend Capital with 42,500 shares, worth $1.71 million. Both Renaissance and Ascend inched up their holdings during the last quarter of 2013. However, in the latest round of 13F filings, Second Curve was one of the most bullish funds, raising its position in Meta Financial Group Inc. (NASDAQ:CASH) by almost an eightfold during the October-December period.

Second Curve’s largest portion of the equity portfolio is invested in the Financial sector. NewStar Financial Inc (NASDAQ:NEWS) is the most valuable holding, which amasses almost 20% of the fund’s $481.59 equity portfolio, the position amassing 4.94 million shares. Bank of America Corp (NYSE:BAC) comes next, with a $57.34 million stake, containing 8.86 million shares.

Disclosure: none

Recommended Reading:

Second Curve Capital Top Picks Include NewStar Financial Inc (NEWS), Bank of America Corp (BAC) & Others

Second Curve Capital Reveals Moves Into Regional Management Corp (RM), Seacoast Banking Corporation of Florida (SBCF) & Others

Jeff Gramm of Bandera Partners to Be Elected to Ambassadors Group Inc (EPAX)’s Board

 

Biotech Insider Alert - $6 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)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
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 Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

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

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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!