Donald Smith & Co (Trades, Portfolio)., a firm known for its deep-value investment strategy, has recently expanded its portfolio with a significant addition of shares in Galiano Gold Inc. (GAU). This move underscores the firm's commitment to investing in companies with strong potential for earnings growth and tangible book value. The transaction, executed at a price of $0.9399 per share, had a 0.16% impact on the portfolio, bringing the position to 0.55% of Donald Smith & Co (Trades, Portfolio).'s total investments.
Donald Smith & Co (Trades, Portfolio)., a firm known for its value investing approach, has recently increased its stake in Tutor Perini Corp (NYSE:TPC), a prominent player in the construction industry. The firm's investment philosophy is deeply rooted in a bottom-up, deep-value approach, focusing on out-of-favor companies trading at discounts to tangible book value.
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On the last day of 2023, Chuck Royce (Trades, Portfolio)'s firm made a notable adjustment to its investment portfolio by reducing its stake in Limbach Holdings Inc (NASDAQ:LMB). The transaction involved the sale of 66,085 shares at a price of $45.47 each, resulting in a -20.11% change in the firm's holdings in LMB. Charles M. Royce, a renowned figure in the investment community, has been at the helm of the Royce Pennsylvania Mutual Fund since 1972.
On December 1, 2023, Baillie Gifford (Trades, Portfolio), a renowned investment management firm, made a significant adjustment to its holdings in Certara Inc (NASDAQ:CERT), a key player in the biosimulation software and technology sector. This transaction had a negligible impact on Baillie Gifford (Trades, Portfolio)'s portfolio, with the trade executed at a price of $14.64 per share. Despite the reduction, Baillie Gifford (Trades, Portfolio) maintains a 5.58% position in Certara, reflecting a 0.12% ratio of the traded stock in the firm's overall portfolio.