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1-800-Flowers.Com Inc (FLWS): Raging Capital Exits Position; See Fund’s Top New Picks

Over the past five years, ORBCOMM Inc (NASDAQ:ORBC) has achieved sales growth of 22.10%, while EPS growth for the same period reached 26.90%. Furthermore, considering the stock’s price of $5.60 per share, it is trading at a discount relative to the average target price of $9.80 set by analysts. In addition, the company also has several major hedge funds as its shareholders. John W. Rogers’ Ariel Investments for example holds a stake of 6.51 million shares in the company, which were valued at $42.58 million as of the end of the fourth quarter. Like Raging Capital, Chuck Royce’s Royce & Associates also initiated a stake in the company last quarter with the purchase of 2.75 million shares.

Williams Companies Inc (NYSE:WMB) was another one of Raging Capital’s top new picks at the end of 2014, with a holding of 449,000 shares, valued at around $20.18 million. Williams Companies is a popular among institutional investors. In fact, it has landed on our list of five companies with high dividend yields that hedge funds are crazy about, with 77 investors from our database holding a total of $6.50 billion worth of stock. In addition to offering shareholders an annual dividend yield of 4.86%, Williams Companies Inc (NYSE:WMB) gained around 13.5% over the past 52 weeks. The company’s largest shareholder among institutional investors is Keith Meister’s Corvex Capital, which disclosed a stake of 41.68 million shares last quarter, valued at around $1.87 billion.

Disclosure: none.

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