Editor’s Note: Related tickers: Remy International Inc (NASDAQ:REMY), Comcast Corporation (NASDAQ:CMCSA), Boulder Growth & Income Fund Inc (NYSE:BIF), Lennar Corporation (NYSE:LEN), BlackRock Global Opportunities Equity Tr (NYSE:BOE)
Mariner Investment Group is an investment management company that also provides advisory services to its clients and was founded in 1992 by its current Chief Investment Officer Mr. William J. Michaelcheck. According to astatement, the investment advisor has under its management more than $1 billion of assets together with its associated advisers consisting of several direct and affiliated single and multi-strategy hedge funds, funds of funds and other alternative investments. The Boston-based investment company announced earlier this year about its merger with another market player Concordia Advisors.
As the first quarter ended recently, and the major institutional investors submit their 13F forms required by the SEC, we have the opportunity to gain insight into their top equity positions; discover how investors can beat the market with this strategy. See the original 13F here.
Number one
Mariner holds an unchanged position of 256,675 shares of Remy International Inc (NASDAQ:REMY). The manufacturer and distributor of electrical rotating components for automobiles saw the value of its stake increase by 13% to $4.803 million by the end of first quarter. The company’s stock trades at the third lowest trailing P/E ratio of the Auto Parts Industry of 3.87 and has a beta of 1.80. The auto components manufacturer has an EPS of $4.48 and a profit margin of 12.47% while the price advanced during the last twelve months by 1.40%. With a current mean recommendation of 1.0 from the experts the stock looks like a sure bet for investors.
The best of the rest
Next we’ll take a look at the stock of Comcast Corporation (NASDAQ:CMCSA), which totals a stake of 65,000 shares in Mariner’s latest 13F.The fund was bearish on this stock in Q1, selling 54,100 shares and diminishing the total value of the entry by 39.81%. The current dollar value reached a level of $2.575 million, with the price of the stock growing nearly 50% during last 52 weeks. Trading with a beta of 1.11, the enterprise has an annual EPS estimate of 2.40 while the trailing rate is 2.37. The company exhibits a trailing profit margin of 10.18% and receives a positive mean recommendation of 1.9 from Wall Street experts.
Mariner is the 8th biggest institutional investor in Boulder Growth & Income Fund Inc (NYSE:BIF), with an amount of 287,485 shares owned by the end of Q1, advancing by 69,000 shares quarter-over-quarter. Meanwhile, the value of the position expanded by 52.35% reaching a high of $2.107 million.
The final two
The fourth biggest position in the fund’s equity portfolio is newcomer Lennar Corporation (NYSE:LEN). Mariner acquired 59,700 shares of the home building and real estate company in Q1, worth a total value of $1.926 million. The stock trades at the 5th lowest trailing P/E ratio in the industry at 12.86x, with a forward estimate of 18.24x. The company’s profit margin reached 16.16% in its latest quarterly report, a generally solid level for Lennar Corporation (NYSE:LEN).
Our short list is closed up by the equity mutual fund BlackRock Global Opportunities Equity Tr (NYSE:BOE) with a stake of 93,467 shares, which is 13,200 shares less than the previous period. The bearish trend led to a decrease in the value of 7.88% to a level of $1.297 million by the end of March. This particular equity trades at a near-industry-average trailing P/E ratio of 15.49 and a beta of 1.26. With an annual price increase of 8.76%, the company exhibits a trailing diluted EPS of $0.91.
Final thoughts
Taking a look at the structure and dynamics of Mariner’s equity portfolio unveiled in the latest 13F form enables us to conclude that despite decreasing the number of its entries, it remains highly diversified; continue preparing for 13F-filing season here.
Disclosure: none
