Pacifica Capital Investments Slice Position in R.G. Barry Corp.

Pacifica Capital Investments, managed by Steve Leonard, has disclosed in a new filing decreasing its position in R.G. Barry Corp. (NASDAQ:DFZ). The position currently contains 522,260 shares, with an aggregate value of almost $10 million, at the current stock price of the company. The new stake is passive by nature and amasses 5% of the company’s common stock. Earlier, the fund reported holding 627,300 shares.

The net earnings of R.G. Barry has declined by 22.4% to $4.8 million in the previous quarter, which represent $0.54 per share. The stock of the company returned almost 35% since the beginning of the year, sporting a P/E of almost 19. The company also trails a PEG ratio of around 1.3, and has an expected EPS growth of around 13% for the next year.

The fund has been reducing its exposure in the company for some time now. Before disclosing 627,300 shares in its latest 13F, the fund reported ownership of over 1.0 million shares.

In addition to Pacifica, our records show several other hedge funds reported holding shares of R.G. Barry Corp. One of the largest is held by Royce & Associates, led by Chuck Royce, which owns 1.4 million shares. It is followed by Mill Road Capital Management, managed by Thomas E. Lynch, disclosed a position, which amasses 641,000 shares; and Jim Simons‘ Renaissance Technologies, with an ownership of 295,700 shares.

Among largest positions in the equity portfolio of Pacifica Capital, we can mention Goldman Sachs Group, Inc. (NYSE:GS), in which the fund held almost 200,000 shares, valued at $31.6 million, and Berkshire Hathaway Inc. (NYSE:BRK-B), in which Pacifica reported a $30.8 million stake, which amasses 271,668.

Disclosure: none

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