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A Glance At Two New Holdings in Mario Gabelli's Portfolio

So far in 2015, guru Mario Gabelli ( Trades , Portfolio ) hasn't been inclined to purchase shares of companies that are new to his portfolio. He has added to several existing holdings and reduced others, but there have been only two new purchases - Courier Corp ( CRRC ) and Vitesse Semiconductor Corp ( VTSS ) - in the last three and a half months.

Gabelli's initial investment in Courier, a Massachusetts-based book manufacturing and publishing company that specializes in education, religion and trade publications, came March 19, when Gabelli bought 375,200 shares for an average price of $24.15 per share. A couple of weeks later, he added 152,000 shares to his stake for an average price of $24.48 per share, then he added 153,000 shares to his portfolio two days after that for an average price of $24.77 per share.

To date, his stake in Courier is 680,200 shares.

Courier, which was founded in 1824 and is the second-largest book manufacturer in the United States, has a P/E of 41.2, a Price/Book of 2.0 and a Price/Sales of 1.0. It has a market cap of $285.5 million and an enterprise value of $318.36 million.

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On April 6, Gabelli acquired 3,344,620 shares in Vitesse, a California-based semiconductor company that develops Ethernet integrated circuits solutions for Carrier, Enterprise and Internet of Things (IoT) networks, for an average price of $5.28 per share.

Vitesse was founded in 1984. Currently the subject of multiple investigations regarding efforts to sell the company to Microsemi Corporation for about $389 million, Vitesse has a market cap of $363.8 million and an enterprise value of P/E of $348.21 million. It has a Price/Book of 13.5 and a Price/Sales of 3.2.

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Guru John Burbank (Trades, Portfolio) sold his stake in Vitesse in the fourth quarter of 2014.

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This article first appeared on GuruFocus .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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