Latest news with #PrivateCapital
Yahoo
15-05-2025
- Business
- Yahoo
Private Capital's Strategic Moves: Significant Reduction in Everi Holdings Inc.
Warning! GuruFocus has detected 2 Warning Sign with QNST. Private Capital (Trades, Portfolio) recently submitted its 13F filing for the first quarter of 2025, offering a glimpse into its strategic investment decisions during this period. Founded by Bruce Sherman in 1986, Private Capital (Trades, Portfolio) Management has a rich history in value investing. Sherman, a Certified Public Accountant, initially worked with the Collier Family, managing their investments. After his retirement in 2009, Gregg J. Powers took over as CEO. Powers, who began his career as a healthcare analyst at Raymond James Financial, joined Private Capital (Trades, Portfolio)'s investment research team in 1988. The firm adheres to a value investing philosophy, focusing on acquiring stocks at 40% below their intrinsic value, managing downside risk, and employing patience to achieve long-term portfolio gains. Private Capital (Trades, Portfolio) added a total of 15 stocks, among them: The most significant addition was ACNB Corp (NASDAQ:ACNB), with 271,596 shares, accounting for 1.22% of the portfolio and a total value of $11.15 million. The second largest addition to the portfolio was Astronics Corp (NASDAQ:ATRO), consisting of 402,958 shares, representing approximately 1.06% of the portfolio, with a total value of $9.72 million. The third largest addition was Pioneer Bancorp Inc (NASDAQ:PBFS), with 259,904 shares, accounting for 0.33% of the portfolio and a total value of $3.04 million. Private Capital (Trades, Portfolio) also increased stakes in a total of 61 stocks, among them: The most notable increase was International Workplace Group PLC (IWGFF), with an additional 6,537,814 shares, bringing the total to 7,271,825 shares. This adjustment represents a significant 890.7% increase in share count, a 1.72% impact on the current portfolio, with a total value of $17.41 million. The second largest increase was BGC Group Inc (NASDAQ:BGC), with an additional 836,470 shares, bringing the total to 3,998,857. This adjustment represents a significant 26.45% increase in share count, with a total value of $36.59 million. Private Capital (Trades, Portfolio) completely exited 11 holdings in the first quarter of 2025, as detailed below: Visteon Corp (NASDAQ:VC): Private Capital (Trades, Portfolio) sold all 89,857 shares, resulting in a -0.84% impact on the portfolio. Shore Bancshares Inc (NASDAQ:SHBI): Private Capital (Trades, Portfolio) liquidated all 239,255 shares, causing a -0.4% impact on the portfolio. Private Capital (Trades, Portfolio) also reduced positions in 35 stocks. The most significant changes include: Reduced Everi Holdings Inc (NYSE:EVRI) by 1,351,379 shares, resulting in a -79.54% decrease in shares and a -1.92% impact on the portfolio. The stock traded at an average price of $13.65 during the quarter and has returned 2.40% over the past 3 months and 4.15% year-to-date. Reduced Jefferies Financial Group Inc (NYSE:JEF) by 117,561 shares, resulting in a -22.78% reduction in shares and a -0.97% impact on the portfolio. The stock traded at an average price of $67.88 during the quarter and has returned -25.28% over the past 3 months and -31.49% year-to-date. At the first quarter of 2025, Private Capital (Trades, Portfolio)'s portfolio included 149 stocks. The top holdings included 7.96% in QuinStreet Inc (NASDAQ:QNST), 5.59% in Lantheus Holdings Inc (NASDAQ:LNTH), 5.5% in Harrow Inc (NASDAQ:HROW), 5.15% in Barrett Business Services Inc (NASDAQ:BBSI), and 4.05% in PowerFleet Inc (NASDAQ:AIOT). The holdings are mainly concentrated in 11 industries: Financial Services, Industrials, Communication Services, Healthcare, Technology, Consumer Cyclical, Basic Materials, Real Estate, Energy, Consumer Defensive, and Utilities. This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein. This article first appeared on GuruFocus.
Mint
25-04-2025
- Business
- Mint
Omers' Eric Haley Retires in Latest Change Within Private Equity
The head of buyouts at Ontario's pension fund for local government workers, Eric Haley, will retire and leave the firm at the end of the year in the latest change to the plan's private equity business. Haley will continue to lead the North American buyout team until the end of 2025, Don Peat, spokesperson for the Ontario Municipal Employees Retirement System, said in an email. 'We are deeply grateful to Eric for his commitment to delivering on the Omers pension promise and his significant contributions to our private equity business and team culture.' Omers has been revamping its private equity unit under Ralph Berg, who became chief investment officer in 2023. Last year, the Toronto-based fund halted direct private equity investments in Europe and opted to shift its strategy by investing alongside partners and external managers. The pension also launched a global funds strategy within a new group called Private Capital. The C$27.5 billion private equity portfolio was split, with Michael Block leading the global funds strategy and Haley overseeing the North American buyout program, the firm said at the time. It's unclear whether Omers will replace Haley. Haley's departure continues a period of employee change within Omers' private equity business. In March, Alexander Fraser, a former partner of a Temasek-backed fund, joined as global head of its private equity arm. He succeeded Michael Graham, who retired in February. Jonathan Mussellwhite, who had led private equity in Europe since 2018, left a few months before that. For decades, the so-called Maple Eight have built up their deal teams to take a leading role in some private equity transactions. Now, some of them want to lean more on partners, as higher borrowing costs choked deal activity and diminished the allure of controlling portfolio firms. Last month, Ontario Teachers' Pension Plan said it's re-examining its buyout unit, aiming to work more with partners rather than owning large or controlling stakes in private businesses as it seeks to mitigate risk. And Caisse de Depot et Placement du Quebec said in February that it will scale back its direct investing and team up with third-party managers. This article was generated from an automated news agency feed without modifications to text. First Published: 26 Apr 2025, 01:22 AM IST
Globe and Mail
05-02-2025
- Business
- Globe and Mail
Private Capital Expands Services for Expats with Financial Planning and Repatriation Support in Hong Kong
Leading provider of independent financial planning services in Hong Kong, Private Capital is pleased to provide its enlarged range of products, which include specialist financial planning and repatriation services for expats and people negotiating relocation requirements. Private Capital offers an all-encompassing method via a tested six-step financial planning process committed to helping clients make confident and wise financial decisions. This service guarantees that, while safeguarding their financial future, expatriates and returning citizens can boldly negotiate the complexity of their economic ambitions. The initial engagement phase at Private Capital involves gathering data to understand clients' current financial standing, needs, and risk tolerance. This is followed by thoroughly identifying their financial goals, whether it's asset accumulation, retirement planning, or estate planning. The team at Private Capital works closely with clients to outline clear and achievable objectives, offering tailored advice on managing risks and ensuring a smooth transition during relocations. Private Capital also offers a range of services to support the relocation process for clients considering repatriation. Their expertise includes British repatriation, expat repatriation, and other tailored solutions, ensuring that clients transitioning back to their home countries are well-equipped to manage their finances during this significant life change. The process of financial planning entails the thorough development of a strategic plan detailing the required actions to satisfy client goals. This strategy is then carried out with the help of other specialist experts as necessary to guarantee clients obtain thorough and competent financial management. Constant reviews guarantee that clients' financial plans still fit their evolving objectives, situations in life, and market state. The team of Private Capital consists of British-qualified financial planners with over 100 years of collective expertise. Whether considering their return or residing in Hong Kong, this knowledge helps them fully appreciate the particular difficulties experienced by expatriates. Providing individualized services that fit the many phases of life, the company takes great satisfaction in being a trusted adviser for young workers, seasoned experts, and those outside the workplace. "Our team is passionate about supporting clients as they make crucial financial decisions at various stages of their lives," said a spokesperson for Private Capital. "Our approach, which is both adaptable and flexible, is designed to give clients the peace of mind that their financial future is in expert hands." Private Capital continues to prioritize the needs of expatriates, offering specialized financial planning and fee-only advisory services to ensure a smooth financial transition during times of relocation or repatriation. About Private Capital Based in Hong Kong, reputable financial planning company Private Capital provides professional independent financial consulting. Private Capital offers a broad spectrum of services catered to both expats and returning citizens using a staff of qualified financial planners and a concentration on fee-based financial advising. The organization is committed to assisting customers in safeguarding their financial future by means of a thorough, tailored wealth management strategy. Disclaimer: This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements. Media Contact Company Name: Private Capital - Hong Kong Contact Person: George Email: Send Email Country: United States Website:
