Latest news with #GreystoneCapitalManagement
Yahoo
07-05-2025
- Business
- Yahoo
Here's Why Greystone Capital Management Sold Xponential Fitness (XPOF)?
Greystone Capital Management, an investment management company, released its first-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the first quarter, the median account return for separate accounts managed by the firm was -7.9%, net of fees. The fund unfavorably and favorably compared to the S&P 500 and Russell 2000 returns of -4.2% and -9.5% during the quarter. Client portfolios are concentrated in small companies mostly outside major indices, leading to returns that typically differ from those indices. In addition, you can check the fund's top 5 holdings to find out its best picks for 2025. In its first-quarter 2025 investor letter, Greystone Capital Management highlighted stocks such as Xponential Fitness, Inc. (NYSE:XPOF), in the fourth quarter 2024 investor letter. Xponential Fitness, Inc. (NYSE:XPOF) is a North America-based boutique fitness franchisor. The one-month return of Xponential Fitness, Inc. (NYSE:XPOF) was 5.94%, and its shares lost 31.41% of their value over the last 52 weeks. On May 6, 2025, Xponential Fitness, Inc. (NYSE:XPOF) stock closed at $8.21 per share with a market capitalization of $397.438 million. Greystone Capital Management stated the following regarding Xponential Fitness, Inc. (NYSE:XPOF) in its Q1 2025 investor letter: "Xponential Fitness, Inc. (NYSE:XPOF) was a new position for us that I started buying in late February and spoke briefly about during our annual meeting. I won't rehash the details, but based on our work, I was under the impression that the company's past issues were in the rearview mirror, and with a new management team in place, the future seemed bright. We bought our shares at a wide discount to other franchise businesses, despite the high-quality business and growth prospects. A group of people in the fitness studio doing a yoga or pilates class.
Yahoo
07-05-2025
- Business
- Yahoo
Here's Why Greystone Capital Sold Franklin Covey (FC) in Q1
Greystone Capital Management, an investment management company, released its first-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the first quarter, the median account return for separate accounts managed by the firm was -7.9%, net of fees. The fund unfavorably and favorably compared to the S&P 500 and Russell 2000 returns of -4.2% and -9.5% during the quarter. Client portfolios are concentrated in small companies mostly outside major indices, leading to returns that typically differ from those indices. In addition, you can check the fund's top 5 holdings to find out its best picks for 2025. In its first-quarter 2025 investor letter, Greystone Capital Management highlighted stocks such as Franklin Covey Co. (NYSE:FC). Franklin Covey Co. (NYSE:FC) offers training and consultation services in organizational performance improvement areas. The one-month return of Franklin Covey Co. (NYSE:FC) was -2.56%, and its shares lost 47.32% of their value over the last 52 weeks. On May 6, 2025, Franklin Covey Co. (NYSE:FC) stock closed at $20.53 per share with a market capitalization of $266.637 million. Greystone Capital Management stated the following regarding Franklin Covey Co. (NYSE:FC) in its Q1 2025 investor letter: "During the quarter, we sold our position in Franklin Covey Co. (NYSE:FC). Although we are long-term investors, the uncertainty of the near-term environment may prove to be a large headwind for the business, and my prior estimates of cash flows have been very wrong up to this point. I was also blindsided by the company's recently reduced guidance (for the second time) for FY25, which along with some other management blunders that has caused me to lose some faith. My loss of confidence combined with better current opportunities were the primary reasons behind the decision to part ways." Franklin Covey (FC) Introduces AI Coach to Elevate Leadership Training An executive delivering a keynote presentation on improving sales performance at a corporate event. Franklin Covey Co. (NYSE:FC) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 17 hedge fund portfolios held Franklin Covey Co. (NYSE:FC) at the end of the fourth quarter, compared to 16 in the third quarter. In Q2 2025, Franklin Covey Co.'s (NYSE:FC) revenue was $59.6 million ($60.1 million in constant currency), slightly down from $61.3 million in Q2 last year, primarily due to recent government contract cancellations. While we acknowledge the potential of Franklin Covey Co. (NYSE:FC) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
Yahoo
07-05-2025
- Business
- Yahoo
Bel Fuse (BELFB) Navigates Tariff Challenges with Strategic Resilience
Greystone Capital Management, an investment management company, released its first-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the first quarter, the median account return for separate accounts managed by the firm was -7.9%, net of fees. The fund unfavorably and favorably compared to the S&P 500 and Russell 2000 returns of -4.2% and -9.5% during the quarter. Client portfolios are concentrated in small companies mostly outside major indices, leading to returns that typically differ from those indices. In addition, you can check the fund's top 5 holdings to find out its best picks for 2025. In its first-quarter 2025 investor letter, Greystone Capital Management highlighted stocks such as Bel Fuse Inc. (NASDAQ:BELFB). Bel Fuse Inc. (NASDAQ:BELFB) designs, manufactures, markets, and sells products that power, protect, and connect electronic circuits. The one-month return of Bel Fuse Inc. (NASDAQ:BELFB) was -2.40%, and its shares gained 12.80% of their value over the last 52 weeks. On May 6, 2025, Bel Fuse Inc. (NASDAQ:BELFB) stock closed at $69.81 per share with a market capitalization of $869.909 million. Greystone Capital Management stated the following regarding Bel Fuse Inc. (NASDAQ:BELFB) in its Q1 2025 investor letter: "Within Bel Fuse Inc.'s (NASDAQ:BELFB) operating footprint, around 13% of total revenues are directly exposed to tariffs via China and Mexico. Bel has shown the ability to pass cost increases through to customers, which they anticipate will continue, with minimal impact to Bel's financials. Localized manufacturing will also help offset any further impact. During the past few years, management has proven adept at navigating both internal business issues along with the difficult post-COVID economic environment that has plagued a few of their business segments. A close-up of a technician's hands assembling electronic components on a circuit board. Bel Fuse Inc. (NASDAQ:BELFB) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 18 hedge fund portfolios held Bel Fuse Inc. (NASDAQ:BELFB) at the end of the fourth quarter, compared to 14 in the third quarter. While we acknowledge the potential of Bel Fuse Inc. (NASDAQ:BELFB) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
Yahoo
07-05-2025
- Business
- Yahoo
Natural Resource Partners L.P. (NRP): Strong Cash Flow and Upside Potential Amidst Market Challenges
Greystone Capital Management, an investment management company, released its first-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the first quarter, the median account return for separate accounts managed by the firm was -7.9%, net of fees. The fund unfavorably and favorably compared to the S&P 500 and Russell 2000 returns of -4.2% and -9.5% during the quarter. Client portfolios are concentrated in small companies mostly outside major indices, leading to returns that typically differ from those indices. In addition, you can check the fund's top 5 holdings to find out its best picks for 2025. In its first-quarter 2025 investor letter, Greystone Capital Management highlighted stocks such as Natural Resource Partners L.P. (NYSE:NRP). Natural Resource Partners L.P. (NYSE:NRP) owns, manages, and leases a portfolio of mineral properties. The one-month return of Natural Resource Partners L.P. (NYSE:NRP) was 1.55%, and its shares gained 8.97% of their value over the last 52 weeks. On May 6, 2025, Natural Resource Partners L.P. (NYSE:NRP) stock closed at $98.00 per share with a market capitalization of $1.288 billion. Greystone Capital Management stated the following regarding Natural Resource Partners L.P. (NYSE:NRP) in its Q1 2025 investor letter: "During FY24, Natural Resource Partners L.P. (NYSE:NRP) generated $250mm in free cash flow, despite met and thermal coal prices significantly lower than those of the past few years. This is the beauty of the royalty business model, with no ongoing capital requirements and minimal operating expenses. To be clear, free cash flow generated during 2025 will be lower than 2024, but within the next year or so, NRP will have the flexibility to both repurchase units and significantly increase their distributions to unitholders, amounting to a 15-20% yield on the current price. A shutdown of China as a coal export market for the US would not be good for either country, especially as the current administration aims to reinvigorate the coal industry. As a result, it's likely that cooler heads prevail. If not, NRP is nowhere near priced for perfection as intrinsic value lies between $200-250/share versus the current price of $100/share." A coal miner at their place of work, with the coal reserves in the backdrop. Natural Resource Partners L.P. (NYSE:NRP) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 7 hedge fund portfolios held Natural Resource Partners L.P. (NYSE:NRP) at the end of the fourth quarter, compared to 5 in the third quarter. While we acknowledge the potential of Natural Resource Partners L.P. (NYSE:NRP) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
Yahoo
27-01-2025
- Business
- Yahoo
Franklin Covey Co. (FC) Was Punished For Doing The Right Thing. Here's Why
Greystone Capital Management, an investment management company, released its fourth-quarter 2024 investor letter. A copy of the same can be downloaded here. In the fourth quarter, the return for separate accounts managed by the firm ranged from +0.5 to +2.6%. The median account returned +1.7%, net of fees bringing the yearly returns to +19.9%. The strategy returned a cumulative +168.8% or +24.3% per year, net of fees, since inception in Q4 2019 and outperformed both the S&P 500 and the Russell 2000 by an annualized +6.0% and +14.1% per year. The results for the fourth quarter and FY2024 compare both negatively and positively to the returns of the S&P 500 and Russell 2000, which were +2.4% and +0.3% for the quarter and +25.0% and +11.5% for the entire year. In addition, you can check the fund's top 5 holdings to find out its best picks for 2024. Greystone Capital Management highlighted stocks like Franklin Covey Co. (NYSE:FC), in the fourth quarter 2024 investor letter. Franklin Covey Co. (NYSE:FC) offers training and consultation services in organizational performance improvement areas. The one-month return of Franklin Covey Co. (NYSE:FC) was -5.08%, and its shares lost 17.25% of their value over the last 52 weeks. On January 24, 2024, Franklin Covey Co. (NYSE:FC) stock closed at $35.12 per share with a market capitalization of $463.43 million. Greystone Capital Management stated the following regarding Franklin Covey Co. (NYSE:FC) in its Q4 2024 investor letter: "For an example closer to home, one of our companies, Franklin Covey Co. (NYSE:FC), recently announced that near term cash flows would decline as they invest more into their salesforce to grow the business. These high return investments are expected to raise long-term revenue growth, margins and cash flow (to record levels) yet the stock declined -20% following the announcement as the short-term outlook muddied the long-term picture. In other words, Franklin Covey was punished for doing the right thing. If the success of our investment hinged on a three-month period, we'd be in trouble." An executive delivering a keynote presentation on improving sales performance at a corporate event. Franklin Covey Co. (NYSE:FC) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 16 hedge fund portfolios held Franklin Covey Co. (NYSE:FC) at the end of the third quarter which was 15 in the previous quarter. In the fiscal first quarter of 2025, Franklin Covey Co.'s (NYSE:FC) revenue grew 1% to $69.1 million compared to $68.4 million in Q1 2024. While we acknowledge the potential of Franklin Covey Co. (NYSE:FC) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. In addition, please check out our hedge fund investor letters Q3 2024 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey.
