Nelnet, Inc. (NNI), Kennedy-Wilson Holdings Inc (KW), UEPS Technologies Inc (UEPS) and More of Seawolf Capital’s Top Picks for the Quarter

Next is UEPS Technologies Inc (NASDAQ:UEPS), a financial payment solutions provider with a focus on bringing smart card payment technology to underserved regions. Seawolf Capital increased their position in UEPS by 30% to 1.84 million shares. This is another position they have reported ownership of  since their first 13F filing at the end of 2012, and has gone from being the 27^th most valuable in their portfolio at the time, to the third-most valuable.

UEPS Technologies Inc (NASDAQ:UEPS) has proven to be one of their best investments, gaining 73.14% in 2013, and following that up with a 31.46% gain in 2014. 2015 has thus far been more of the same, with UEPS up 12.28% for the year, thanks largely to a strong earnings report on February 7 which beat estimates with $0.57 earnings per share, compared to the estimated earnings per share of $0.48.

Assured Guaranty Ltd. (NYSE:AGO), one of the largest providers of bond insurance and credit enhancement services in the U.S, was Seawolf’s most bullish pick of the quarter, as they increased their holding by 613%, adding 682,400 shares, giving them 793,600 total.

Assured Guaranty had earnings of $355 million in the third quarter of 2014, repurchased 9.6 million of the company’s shares, and towards the end of the year, announced an agreement to acquire Radian Asset Assurance Inc., the financial guaranty business of Radian Group Inc (NYSE:RDN), of which Seawolf is also an investor.

Seawolf made clear their position on that deal, which was valued at $810 million, in their moves, as they fled from Radian Group (chopping their position by 52%) and into Assured Guaranty. The latter is up 3.42% since the transaction was announced, while the former is down 1.23%.

Lastly, we come to PHH Corporation (NYSE:PHH), while fell from second to fifth in value in Seawolf’s portfolio, as they trimmed their position by 15% to 856,478 shares. This is another stock which Seawolf has been in since 2012, and one which had a very strong 2012. Since then however it has mostly leveled off, and is down slightly since it announced it would sell its Fleet Management Services business to Canada’s Element Financial Corp. on June 2, 2014.

PHH Corporation (NYSE:PHH),primarily a mortgage services and home financing company, announces their fourth quarter and fiscal year 2014 results on February 18.

Disclosure: None