Rutabaga Capital Management ma 13F annual report
Rutabaga Capital Management ma is an investment fund managing more than $115 million ran by Dana Cohen. There are currently 47 companies in Mrs. Cohen’s portfolio. The largest investments include Hill International Inc and Motorcar Parts of America, together worth $15.5 million.
$115 million Assets Under Management (AUM)
As of 3rd November 2022, Rutabaga Capital Management ma’s top holding is 2,622,976 shares of Hill International Inc currently worth over $8.71 million and making up 7.6% of the portfolio value.
Relative to the number of outstanding shares of Hill International Inc, Rutabaga Capital Management ma owns more than approximately 0.1% of the company.
In addition, the fund holds 447,277 shares of Motorcar Parts of America worth $6.81 million, whose value grew 27.3% in the past six months.
The third-largest holding is Titan Machinery Inc worth $6.37 million and the next is PCTEL Inc worth $5.95 million, with 1,260,958 shares owned.
Currently, Rutabaga Capital Management ma's portfolio is worth at least $115 million. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Rutabaga Capital Management ma
The Rutabaga Capital Management ma office and employees reside in Boston, Massachusetts. According to the last 13-F report filed with the SEC, Dana Cohen serves as the Principal at Rutabaga Capital Management ma.
Recent trades
In the most recent 13F filing, Rutabaga Capital Management ma revealed that it had opened a new position in
Berkshire Hills Bancorp and bought 21,692 shares worth $592 thousand.
This means they effectively own approximately 0.1% of the company.
Berkshire Hills Bancorp makes up
6.8%
of the fund's Finance sector allocation and has grown its share price by 2.9% in the past year.
The investment fund also strengthened its position in Motorcar Parts of America by buying
34,670 additional shares.
This makes their stake in Motorcar Parts of America total 447,277 shares worth $6.81 million.
Motorcar Parts of America dropped 6.6% in the past year.
On the other hand, there are companies that Rutabaga Capital Management ma is getting rid of from its portfolio.
Rutabaga Capital Management ma closed its position in Trecora Resources on 10th November 2022.
It sold the previously owned 769,841 shares for $6.51 million.
Dana Cohen also disclosed a decreased stake in Hill International Inc by approximately 0.1%.
This leaves the value of the investment at $8.71 million and 2,622,976 shares.
One of the smallest hedge funds
The two most similar investment funds to Rutabaga Capital Management ma are Venor Capital Management L.P. and Fairbanks Capital Management. They manage $115 million and $115 million respectively.
Dana Cohen investment strategy
Rutabaga Capital Management ma’s portfolio is diversified across 9 sectors.
Currently, their heaviest sector is Industrials — making up 33.5% of
the total portfolio value.
The fund focuses on investments in the United States as
74.5% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are small-cap stocks.
Stocks with a size of more than $100 million in market cap make up
15% of the total holdings value.
On the other hand, large-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $682 million.
The complete list of Rutabaga Capital Management ma trades based on 13F SEC filings
These positions were updated on November 10th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Hill International Inc |
9.26%
2,622,976
|
$8,708,000 | 7.59% |
| Motorcar Parts of America Inc. |
8.40%
447,277
|
$6,808,000 | 5.94% |
| Trecora Resources |
Closed
769,841
|
$6,513,000 | |
| Titan Machinery Inc |
27.46%
225,399
|
$6,370,000 | 5.55% |
| PCTEL Inc |
11.36%
1,260,958
|
$5,952,000 | 5.19% |
| Concrete Pumping Holdings, Inc. |
28.25%
912,762
|
$5,887,000 | 5.13% |
| Bancorp Inc. (The) |
39.44%
239,128
|
$5,256,000 | 4.58% |
| Northern Technologies Intl |
20.69%
387,416
|
$5,157,000 | 4.50% |
| Tecnoglass Inc |
12.03%
241,468
|
$5,068,000 | 4.42% |
| Red Robin Gourmet Burgers Inc |
117.49%
691,244
|
$4,652,000 | 4.06% |
| Manitex International Inc |
2.21%
810,387
|
$4,644,000 | 4.05% |
| L.b. Foster Company |
11.92%
436,351
|
$4,259,000 | 3.71% |
| Matrix Service Co. |
30.97%
1,020,508
|
$4,225,000 | 3.68% |
| Ampco-Pittsburgh Corp. |
70.44%
1,144,269
|
$4,211,000 | 3.67% |
| Geospace Technologies Corporat |
27.99%
936,535
|
$4,130,000 | 3.60% |
| Foraco International S.a. |
18.22%
3,828,050
|
$3,866,000 | 3.37% |
| Strattec Security Corp. |
15.04%
179,358
|
$3,731,000 | 3.25% |
| Houghton Mifflin Harcourt Co |
Closed
167,641
|
$3,522,000 | |
| RCM Technologies, Inc. |
53.13%
209,956
|
$3,504,000 | 3.05% |
| Greenhill Co Inc. |
93.59%
557,686
|
$3,313,000 | 2.89% |
| Crown Crafts, Inc. |
No change
496,789
|
$2,871,000 | 2.50% |
| Heritage Insurance Holdings Inc. |
6.20%
1,257,983
|
$2,843,000 | 2.48% |
| UMH Properties Inc |
Closed
112,901
|
$2,776,000 | |
| DMC Global Inc |
117.40%
156,953
|
$2,508,000 | 2.19% |
| AstroNova Inc |
6.66%
192,658
|
$2,254,000 | 1.97% |
| Vera Bradley Inc |
18.22%
735,399
|
$2,214,000 | 1.93% |
| Natus Medical Inc |
Closed
47,131
|
$1,239,000 | |
| Invacare Corp. |
38.34%
1,127,802
|
$880,000 | 0.77% |
| Andersons Inc. |
Closed
16,207
|
$815,000 | |
| Wabash National Corp. |
46.81%
39,550
|
$615,000 | 0.54% |
| Barrett Business Services Inc. |
46.58%
7,856
|
$613,000 | 0.53% |
| Varex Imaging Corp |
48.15%
28,371
|
$600,000 | 0.52% |
| Berkshire Hills Bancorp Inc. |
Opened
21,692
|
$592,000 | 0.52% |
| CNX Resources Corp |
61.81%
37,534
|
$583,000 | 0.51% |
| Luxfer Holdings |
48.77%
40,023
|
$580,000 | 0.51% |
| Cars.com |
47.27%
49,977
|
$575,000 | 0.50% |
| Thermon Group Holdings Inc |
45.43%
37,002
|
$570,000 | 0.50% |
| Marcus Corp. |
35.03%
40,427
|
$562,000 | 0.49% |
| Lindblad Expeditions Holdings Inc |
59.00%
82,026
|
$554,000 | 0.48% |
| Major Drilling Group |
52.51%
90,436
|
$542,000 | 0.47% |
| Matthews International Corpora |
27.10%
23,803
|
$533,000 | 0.46% |
| Healthcare Services Group, Inc. |
38.44%
43,964
|
$532,000 | 0.46% |
| BrightView Holdings Inc |
32.89%
65,503
|
$520,000 | 0.45% |
| Conduent Inc |
37.95%
147,173
|
$492,000 | 0.43% |
| Granite Construction Inc. |
44.90%
19,082
|
$484,000 | 0.42% |
| Manitowoc Co., Inc. |
0.93%
58,813
|
$456,000 | 0.40% |
| Daseke Inc |
35.84%
83,955
|
$454,000 | 0.40% |
| AZZ Inc |
Closed
9,314
|
$449,000 | |
| Unisys Corp. |
41.34%
58,218
|
$440,000 | 0.38% |
| Arcosa Inc |
45.97%
6,934
|
$396,000 | 0.35% |
| Textainer Group Holdings Limit |
67.21%
11,464
|
$308,000 | 0.27% |
| Crawford Company - Cl A |
49.90%
35,244
|
$202,000 | 0.18% |
| Crawford Co -cl B |
34.09%
35,758
|
$188,000 | 0.16% |
| No transactions found | |||
| Showing first 500 out of 53 holdings | |||
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