Big 5 Sporting Goods Corporation (BGFV): Activist Stadium Capital Takes Next Step and Nominates 3 Directors

SCM purchased some 957,900 shares of  Columbia Banking System Inc (NASDAQ:COLB) valued at $26.45 million during the fourth quarter. Among over 700 hedge funds that we track, the interest in the bank holding company grew as 14 funds had an aggregate investment of $173 million in the company versus 11 funds with $105.78 million a quarter earlier. Mark Lee’s Forest Hill Capital held some 1.55 million shares valued at $42.93 million towards the end of 2014.

Columbia Banking System Inc (NASDAQ:COLB)’s stock price is nearly flat over the last year. This compares well with the commercial bank industry which is down about 2% during the same period. Columbia’s fourth quarter financial results included an EPS of $0.44, which was $0.02 above the estimates and revenues of $93.95 million which came in $3.62 million lighter than expected.

Ubiquiti Networks Inc (NASDAQ:UBNT)‘s contribution to SCM’s portfolio on the other hand, was much smaller and stood at 0.93%, as the fund purchased about 125,600 shares valued at $3.72 million.  Another fund holding a considerable stake in the developer of high performance networking technology for service providers and enterprises was Charles Akre’s Akre Capital Management with 1.85 million shares valued at $54.83 million.

Ubiquiti Networks Inc (NASDAQ:UBNT) has appreciated by about 4.5% over the last 52 weeks. Ubiquiti’s reliance on the “new age of transparency” according to its CEO Robert Pera means that the company spends much less in advertising and commercials than its competitors and relies on customers spreading their feedback and opinion over social media websites. Ubiquiti Networks Inc (NASDAQ:UBNT)’s EPS of $0.53 for the second fiscal quarter was $0.05 higher than the estimated while revenues of $153.1 million also came in $2.65 million higher than anticipated.

Disclosure: none