of the eponymous Royce Funds focuses on small-cap fare (market
cap of up to $5 billion, though sometimes as high as $10
billion). A value investor, he shops for companies that are
trading for less than their enterprise value.
His portfolio contains 1,366 stocks, of which 90 are new in the
first quarter, for a quarter-over-quarter turnover rate of 6%.
The total value of the portfolio is $32.6 billion, with the top
sectors concentrated in industrials (26.9%), technology (19.2%)
and consumer cyclical (16.5%).
Here are his top 5 new buys of the first quarter:
Alamos Gold Inc. (
Royce purchased 4,144,100 shares of Alamos Gold for $15 per share
on average in the first quarter. AGI shares have declined 36%
year to date.
Alamos Gold Inc. has a market cap of $1.46 billion; its shares
were traded at around $10.85 with a P/E ratio of 11.1 and P/S
ratio of 4.1. The dividend yield of Alamos Gold Inc. stocks is
1%. Alamos Gold Inc. had an annual average earnings growth of
25.6% over the past five years
Artisan Partners Asset Management Inc.
Royce purchased 719,636 shares of Artisan Partners Asset
Management for $38 per share in the first quarter. APAM shares
lost 25% year to date.
Artisan Partners Asset Management Inc. has a market cap of $2.55
billion; its shares were traded at around $37.98 with and P/S
ratio of 5.
Era Group Inc. (
Royce purchased 1,270,983 shares of Era Group for $21 each on
average in the first quarter. Era shares gained almost 28% year
Era Group Inc has a market cap of $459.2 million; its shares were
traded around $23.1 with and P/S ratio of 2.1.
PTC Inc. (
Royce purchased 640,000 shares of PTC Group for $24 per share on
average in the first quarter. He has previously traded this stock
and sold out recently in the fourth quarter of 2012, as seen in
his holding history chart below:
Parametric Technology Corporation was incorporated in
Massachusetts in 1985. PTC Inc. has a market cap of $2.72
billion; its shares were traded around $22.07 with a P/E ratio of
17.4 and P/S ratio of 2.1. PTC Inc. had an annual average
earnings growth of 8.3% over the past five years.
Trustmark Corporation (
Royce purchased 581,500 shares of Trustmark Corp. for $24 per
share on average in the first quarter. He has also previously
traded this stock, as seen in his holding history chart below:
Trustmark Corporation is a bank holding company incorporated in
Mississippi in 1968. Trustmark Corporation has a market cap of
$1.51 billion; its shares were traded at around $22.94 with a P/E
ratio of 12.8 and P/S ratio of 2.9. The dividend yield of
Trustmark Corporation stocks is 4%. Trustmark Corporation had an
annual average earnings growth of 0.1% over the past five years.
See more of
's buys and sells in his
. Also check out the
, Top Growth Companies and High Yield stocks of Chuck Royce.About
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