BHR Capital Enjoys Strong Returns From Golar (GLNG), Ally Financial (ALLY), Other Stocks

Let’s move on to Gramercy Property Trust Inc (NYSE:GPT), which was in 14 hedge funds’ portfolios at the end of June, up by one quarter-over-quarter. BHR Capital owned 603,200 shares of it on June 30, having cut its position by 40% during the second quarter. Gramercy Property Trust was one of BHR’s few top positions which didn’t post double-digits gains during the third quarter, as it returned just 4.5%. The stock currently rewards shareholders with a 5.61% dividend yield.

The largest stake in Gramercy Property Trust Inc (NYSE:GPT) on June 30 among the funds in our system was held by AEW Capital Management, which reported holding $108.1 million worth of stock. It was followed by Capital Growth Management with a $48.7 million position. Other investors bullish on the company included Millennium Management, Waterfront Capital Partners, and Two Sigma Advisors.

Lastly we have Ally Financial Inc (NYSE:ALLY), which BHR owned 300,000 shares of, having also slashed its position in this stock during the second quarter, by 61%. Shares of the consumer lending company gained 14% during the third-quarter but have given back a chunk of those gains in the fourth-quarter. Ally Financial’s third-quarter adjusted EPS of $0.56 missed estimates by $0.03.

Ally Financial was found in 49 hedge funds’ portfolios among those we track as of the end of June, down from 51 a quarter earlier. Among these funds, Cerberus Capital Management held the most valuable stake in Ally Financial Inc (NYSE:ALLY), which was worth $411.7 million at the end of the second quarter. On the second spot was Perry Capital which amassed $269 million worth of shares. Moreover, First Pacific Advisors LLC, Oaktree Capital Management, and Canyon Capital Advisors were also bullish on Ally Financial Inc (NYSE:ALLY).

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