David Nierenberg recently filed their 13F report for the fourth quarter of 2022, which ended on 2022-12-31.
The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.
David Nierenberg (Trades, Portfolio) is the founder and president of Nierenberg Investment Management Company, which manages the D3 Family of Funds, a group of four private investment partnerships. He also serves on the Washington State Investment Board, which manages public employee retirement funds. He is a graduate of Yale College and Yale Law School.
As of the latest 13F report, the guru’s equity portfolio contained 37 stocks valued at a total of $133.00Mil. The top holdings were COOP(21.27%), FLR(20.22%), and EQT(12.46%).
According to GuruFocus data, these were David Nierenberg (Trades, Portfolio)’s top five trades of the quarter.
Cantaloupe Inc
During the quarter, David Nierenberg (Trades, Portfolio) bought 751,879 shares of NAS:CTLP for a total holding of 1,856,819. The trade had a 2.47% impact on the equity portfolio. During the quarter, the stock traded for an average price of $3.55.
On 02/10/2023, Cantaloupe Inc traded for a price of $5.06 per share and a market cap of $366.66Mil. The stock has returned -33.42% over the past year.
GuruFocus gives the company a financial strength rating of 7 out of 10 and a profitability rating of 3 out of 10.
In terms of valuation, Cantaloupe Inc has a price-book ratio of 2.42, a EV-to-Ebitda ratio of -129.04 and a price-sales ratio of 1.60.
The price-to-GF Value ratio is 0.52, earning the stock a GF Value rank of 4.
Berkeley Lights Inc
During the quarter, David Nierenberg (Trades, Portfolio) bought 1,095,449 shares of NAS:BLI for a total holding of 3,157,172. The trade had a 2.21% impact on the equity portfolio. During the quarter, the stock traded for an average price of $2.64.
On 02/10/2023, Berkeley Lights Inc traded for a price of $1.84 per share and a market cap of $126.71Mil. The stock has returned -76.65% over the past year.
GuruFocus gives the company a financial strength rating of 5 out of 10 and a profitability rating of 1 out of 10.
In terms of valuation, Berkeley Lights Inc has a price-book ratio of 0.80, a EV-to-Ebitda ratio of -0.57 and a price-sales ratio of 1.55.
nLight Inc
David Nierenberg (Trades, Portfolio) reduced their investment in NAS:LASR by 203,454 shares. The trade had a 1.6% impact on the equity portfolio. During the quarter, the stock traded for an average price of $10.32.
On 02/10/2023, nLight Inc traded for a price of $12.4 per share and a market cap of $561.81Mil. The stock has returned -36.94% over the past year.
GuruFocus gives the company a financial strength rating of 8 out of 10 and a profitability rating of 4 out of 10.
In terms of valuation, nLight Inc has a price-book ratio of 1.97, a EV-to-Ebitda ratio of -18.93 and a price-sales ratio of 2.15.
The price-to-GF Value ratio is 0.51, earning the stock a GF Value rank of 4.
PetMed Express Inc
The guru sold out of their 80,997-share investment in NAS:PETS. Previously, the stock had a 1.31% weight in the equity portfolio. Shares traded for an average price of $19.86 during the quarter.
On 02/10/2023, PetMed Express Inc traded for a price of $19.45 per share and a market cap of $410.09Mil. The stock has returned -20.11% over the past year.
GuruFocus gives the company a financial strength rating of 10 out of 10 and a profitability rating of 8 out of 10.
In terms of valuation, PetMed Express Inc has a price-earnings ratio of 34.18, a price-book ratio of 3.07, a EV-to-Ebitda ratio of 19.88 and a price-sales ratio of 1.53.
The price-to-GF Value ratio is 0.73, earning the stock a GF Value rank of 9.
Dirtt Environmental Solutions Ltd
David Nierenberg (Trades, Portfolio) reduced their investment in NAS:DRTT by 1,990,636 shares. The trade had a 0.72% impact on the equity portfolio. During the quarter, the stock traded for an average price of $0.36.
On 02/10/2023, Dirtt Environmental Solutions Ltd traded for a price of $0.7237 per share and a market cap of $69.64Mil. The stock has returned -59.26% over the past year.
GuruFocus gives the company a financial strength rating of 2 out of 10 and a profitability rating of 4 out of 10.
In terms of valuation, Dirtt Environmental Solutions Ltd has a price-book ratio of 3.02, a EV-to-Ebitda ratio of -3.74 and a price-sales ratio of 0.35.
The price-to-GF Value ratio is 0.36, earning the stock a GF Value rank of 2.
Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.
When GuruFocus covers insider information, we only track open market or the private purchase and sale of common stock with the transaction code of P or S. Therefore, all the transactions mentioned in this article are only the ones with transaction code of P or S.
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