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  • Cash-Rich Asset Management Stocks 0 comments
    Dec 19, 2012 10:35 AM | about stocks: TICC, CIFC, TCAP, CSWC, WHG, JNS, GBL, ACAS, CLMS, TCRD, KKR, GROW

    Screen Criteria:

    List of Asset Management stocks that also have significant cash holdings, when compared to quarterly operating expenses. (Link to original post)

    Ranking of This List:

    Based on performance data over the last month, this list is currently ranked 145 out of 284 lists tracked by Contextuall.com. In other words, the company characteristics described below have outperformed 48.94% of lists in Contextuall's coverage universe.

    Average Weekly Returns:

    Average 1-Week Return of All Stocks Mentioned Below: 0.89%

    Average 1-Month Return of All Stocks Mentioned Below: 3.14%

    Analysis of List Alpha:

    Number of Stocks in This List Generating Excess Return vs. SP500 (Beta Adjusted Over Last Week): 7 out of 12 (58.33%)

    Number of Stocks in This List Generating Excess Return vs. SP500 (Beta Adjusted Over Last Month): 5 out of 12 (41.67%)

    (List sorted by monthly performance, from best to worst)

    1. TICC Capital Corp. (TICC): Operates as a closed-end, non-diversified management investment company. Average quarterly operating expense over the last five quarters at $5.47M, vs. most recent cash and short term investments at $122.91M, implies a Cash / Avg. Operating Expense ratio at 22.45.

    2. CIFC Corp. (DFR): Operates as a real estate investment trust. Average quarterly operating expense over the last five quarters at $15.16M, vs. most recent cash and short term investments at $63.03M, implies a Cash / Avg. Operating Expense ratio at 4.16.

    3. Triangle Capital Corporation (TCAP): Triangle Capital Corporation is a private equity and venture capital firm specializing in leveraged buyouts, management buyouts, ESOPs, change of control transactions, acquisition financings, growth financing, and recapitalizations in lower middle market companies. Average quarterly operating expense over the last five quarters at $7.25M, vs. most recent cash and short term investments at $60.11M, implies a Cash / Avg. Operating Expense ratio at 8.29.

    4. Capital Southwest Corporation (CSWC): Capital Southwest Corporation is a public investment firm specializing in venture capital and private equity investments in small and medium sized businesses. Average quarterly operating expense over the last five quarters at $1.67M, vs. most recent cash and short term investments at $59.69M, implies a Cash / Avg. Operating Expense ratio at 35.66.

    5. Westwood Holdings Group Inc. (WHG): Provides services for its clients. Average quarterly operating expense over the last five quarters at $12.83M, vs. most recent cash and short term investments at $59.69M, implies a Cash / Avg. Operating Expense ratio at 4.65.

    6. Janus Capital Group (JNS): Janus Capital Group, Inc. is a publicly owned asset management holding company. Average quarterly operating expense over the last five quarters at $158.36M, vs. most recent cash and short term investments at $683.6M, implies a Cash / Avg. Operating Expense ratio at 4.32.

    7. GAMCO Investors (GBL): GAMCO Investors, Inc. is a publicly owned holding investment manager. Average quarterly operating expense over the last five quarters at $53.61M, vs. most recent cash and short term investments at $288.69M, implies a Cash / Avg. Operating Expense ratio at 5.39.

    8. American Capital (ACAS): American Capital, Ltd. is a private equity and venture capital firm specializing in management and employee buyouts, mezzanine, acquisition, recapitalization, middle market, and growth capital investments. Average quarterly operating expense over the last five quarters at $67.8M, vs. most recent cash and short term investments at $304M, implies a Cash / Avg. Operating Expense ratio at 4.48.

    9. Calamos Asset Management Inc. (CLMS): Provides investment advisory services to individuals including high net worth individuals, and institutions. Average quarterly operating expense over the last five quarters at $52.65M, vs. most recent cash and short term investments at $498.68M, implies a Cash / Avg. Operating Expense ratio at 9.47.

    10. THL Credit (TCRD): A private equity and mezzanine firm. Average quarterly operating expense over the last five quarters at $4.98M, vs. most recent cash and short term investments at $25.95M, implies a Cash / Avg. Operating Expense ratio at 5.21.

    11. Kohlberg Kravis Roberts & Co. (KKR): Kohlberg Kravis Roberts & Co. is a private equity and venture capital firm specializing in acquisitions, leveraged buyouts, management buyouts, and mezzanine investments in large cap companies. Average quarterly operating expense over the last five quarters at $339.9M, vs. most recent cash and short term investments at $1603.44M, implies a Cash / Avg. Operating Expense ratio at 4.72.

    12. U.S. Global Investors (GROW): U.S. Global Investors, Inc. is a publicly owned investment manager. Average quarterly operating expense over the last five quarters at $5.25M, vs. most recent cash and short term investments at $25.08M, implies a Cash / Avg. Operating Expense ratio at 4.78.

    Stocks: TICC, CIFC, TCAP, CSWC, WHG, JNS, GBL, ACAS, CLMS, TCRD, KKR, GROW
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