On March 25, 2013, GAMCO Investors' Chairman and Chief
reduced his Internap Network Services
position by 0.02%, leaving him with 6,062,667 shares. INAP
current share price is $9.39 with a 0% change. Since 1996
Internap Network Services (
) has provided high-performance IT technologies and solutions
that help businesses transform their IT infrastructure into a
competitive advantage. The company sells its managed hosting
services at 38 data centers across North America, Europe and the
Asia-Pacific region. On March 25, 2013, Benchmark Co. raised its
price target on Internap from $8.50 to $12 based on the belief
that INAP could benefit from positive industry trends and a shift
towards managed hosting and cloud services.
According to GuruFocus, INAP stock price is up 32% year to date.
The company has a market cap of $502.5 million; its P/E ratio is
3130.2 with a P/S ratio of 1.8.
Until his latest adjustment, Gabelli's holding history shows
measured increases of INAP since second quarter of 2011.
GuruFocus performed a checkup on the company's financials and
performance data and found four warning signs: Internap Network
has a low Piotroski F-Score of 2, which usually implies poor
business operation. Also, the company's asset growth is faster
than its revenue growth. Additionally, the INAP price ($9.39) is
close to a five-year high of $9.17; the stock's P/S ratio
(1.7013) is close to a five-year high of 1.7013.
Gabelli's company, GAMCO Investors, lists 792 stocks in a
portfolio valued at $13.6 billion, with a quarter-over-quarter
turnover at 6 percent. At the end of fourth quarter 2012, GAMCO
Investors Inc. (
) announced fourth quarter earnings of $17.6 million, and assets
under management at $36.4 billion, a record at year-end. For
revenue, GAMCO Investors ranks higher than 92% of the 13
companies in the industry. For earnings yield, GAMCO Investors
ranks higher than 54% of the 13 companies in the industry.
A legendary investor from the Bronx, Guru Gabelli is also known
for his television commentary on CNN and CNBC. His "private
market value with a catalyst" methodology is now an analytical
standard in the value investing community.
Here's a look at
's recent top buys, top sales and top holdings:
GuruFocus "Real Time Picks" reports the stock purchases and sales
that Gurus have made within the prior 2 weeks. The report time
lag can be as short as 2 days after the date of the transaction.
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