KESTREL INVESTMENT MANAGEMENT CORP Diversified Active

Location: San Mateo, CA

CIK: 0000917579 · Show all filings

Period: Q4 2017 (← Previous) (Next →)

Filing Date: Feb 13, 2018

Total Value: $287M (100.0% shares, 0.0% debt)

Holdings (42)

ASIX AdvanSix Inc 5.8%

Value $16.75M Shares 398,225 Est. Cost $16.41 Unrealized +138.3%

— Linn Energy Inc 4.2%

Value $11.93M Shares 296,450 Est. Cost $38.15 Unrealized —

— Pinnacle Entertainment Inc 4.1%

Value $11.87M Shares 362,500 Est. Cost $12.34 Unrealized —

— SPX Corp 4.1%

Value $11.65M Shares 371,025 Est. Cost $15.02 Unrealized —

BWXT BWX Technologies Inc 3.9%

Value $11.2M Shares 185,075 Est. Cost $22.66 Unrealized +140.9%

— CONSOL Energy Inc 3.6%

Value $10.4M Shares 263,205 Est. Cost $39.51 Unrealized —

AMN AMN Healthcare Svcs Inc 3.6%

Value $10.28M Shares 208,675 Est. Cost $38.22 Unrealized +19.3%

— Michaels Companies Inc 3.5%

Value $9.91M Shares 409,675 Est. Cost $21.47 Unrealized —

GNRC Generac Holdings Inc 3.3%

Value $9.551M Shares 192,875 Est. Cost $29.97 Unrealized +65.8%

BLMN Bloomin Brands Inc 3.3%

Value $9.365M Shares 438,825 Est. Cost $14.59 Unrealized +5.5%

CNX CNX Resources Corp 3.2%

Value $9.13M Shares 624,075 Est. Cost $13.81 Unrealized 0.0%

TGNA TEGNA Inc 3.1%

Value $8.992M Shares 638,625 Est. Cost $13.08 Unrealized 0.0%

SBH Sally Beauty Hldgs Inc 3.1%

Value $8.936M Shares 476,350 Est. Cost $17.33 Unrealized 0.0%

BIGGQ Big Lots Inc 2.9%

Value $8.451M Shares 150,500 Est. Cost $38.90 Unrealized +11.6%

CAR Avis Budget Group Inc 2.9%

Value $8.391M Shares 191,225 Est. Cost $32.98 Unrealized +14.6%

MDXG MiMedx Group Inc 2.9%

Value $8.285M Shares 657,000 Est. Cost $13.34 Unrealized -8.6%

WD Walker & Dunlop Inc 2.9%

Value $8.2M Shares 172,625 Est. Cost $19.15 Unrealized +117.9%

SKT Tanger Factory Outlet Cntrs 2.8%

Value $7.952M Shares 299,950 Est. Cost $24.42 Unrealized —

ENSG The Ensign Group 2.6%

Value $7.453M Shares 335,700 Est. Cost $17.55 Unrealized +19.1%

WNC Wabash National Corp 2.5%

Value $7.256M Shares 334,400 Est. Cost $10.22 Unrealized +71.6%

— Verint Systems Inc 2.5%

Value $7.198M Shares 172,000 Est. Cost $33.13 Unrealized —

NTCT NetScout Systems Inc 2.4%

Value $6.788M Shares 222,925 Est. Cost $27.44 Unrealized +11.4%

MRTN Marten Transport Ltd 2.3%

Value $6.514M Shares 320,895 Est. Cost $7.15 Unrealized +52.7%

XHR Xenia Hotels and Resorts 2.2%

Value $6.324M Shares 292,900 Est. Cost $22.75 Unrealized —

— CalAmp Corp 2.1%

Value $5.904M Shares 275,500 Est. Cost $13.95 Unrealized —

— Mitel Networks Corp 2.0%

Value $5.742M Shares 697,650 Est. Cost $6.93 Unrealized —

— GAIN Capital Hldgs Inc 1.9%

Value $5.361M Shares 536,050 Est. Cost $8.33 Unrealized —

CTRN Citi Trends Inc 1.8%

Value $5.106M Shares 192,975 Est. Cost $19.02 Unrealized +18.1%

— TriState Capital Holdings 1.7%

Value $4.737M Shares 205,950 Est. Cost $10.42 Unrealized —

— PDL BioPharma Inc 1.6%

Value $4.63M Shares 1,689,800 Est. Cost $2.47 Unrealized —

DFIN Donnelley Financial Soln 1.6%

Value $4.617M Shares 236,875 Est. Cost $21.62 Unrealized -5.5%

— iStar Inc 1.5%

Value $4.319M Shares 382,250 Est. Cost $12.37 Unrealized —

KFRC Kforce Inc 1.4%

Value $4.132M Shares 163,650 Est. Cost $22.46 Unrealized +4.7%

KE Kimball Electronics Inc 1.1%

Value $3.216M Shares 176,200 Est. Cost $11.11 Unrealized +85.7%

— Federated Natl Hldg Co 1.0%

Value $2.787M Shares 168,225 Est. Cost $16.00 Unrealized —

CRAI CRA International Inc 0.9%

Value $2.706M Shares 60,200 Est. Cost $19.67 Unrealized +98.0%

ARQ Advanced Emissions Soln 0.9%

Value $2.673M Shares 276,700 Est. Cost $7.92 Unrealized +8.4%

— Marlin Business Services 0.8%

Value $2.391M Shares 106,725 Est. Cost $28.75 Unrealized —

— PICO Holdings Inc 0.7%

Value $2.013M Shares 157,300 Est. Cost $12.80 Unrealized —

— PCM Inc 0.7%

Value $1.979M Shares 199,925 Est. Cost $10.21 Unrealized —

— Zix Corp 0.7%

Value $1.952M Shares 445,550 Est. Cost $4.14 Unrealized —

— NewStar Financial Inc Continge 0.0%

Value $0 Shares 270,625 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ASIX	AdvanSix Inc	398,225	$16.75M	5.8%	$16.41	+138.3%	COM	00773T101
—	Linn Energy Inc	296,450	$11.93M	4.2%	$38.15	—	COM	53601P304
—	Pinnacle Entertainment Inc	362,500	$11.87M	4.1%	$12.34	—	COM	72348Y105
—	SPX Corp	371,025	$11.65M	4.1%	$15.02	—	COM	784635104
BWXT	BWX Technologies Inc	185,075	$11.2M	3.9%	$22.66	+140.9%	COM	05605H100
—	CONSOL Energy Inc	263,205	$10.4M	3.6%	$39.51	—	COM	20854L108
AMN	AMN Healthcare Svcs Inc	208,675	$10.28M	3.6%	$38.22	+19.3%	COM	001744101
—	Michaels Companies Inc	409,675	$9.91M	3.5%	$21.47	—	COM	59408Q106
GNRC	Generac Holdings Inc	192,875	$9.551M	3.3%	$29.97	+65.8%	COM	368736104
BLMN	Bloomin Brands Inc	438,825	$9.365M	3.3%	$14.59	+5.5%	COM	094235108
CNX	CNX Resources Corp	624,075	$9.13M	3.2%	$13.81	0.0%	COM	12653C108
TGNA	TEGNA Inc	638,625	$8.992M	3.1%	$13.08	0.0%	COM	87901J105
SBH	Sally Beauty Hldgs Inc	476,350	$8.936M	3.1%	$17.33	0.0%	COM	79546E104
BIGGQ	Big Lots Inc	150,500	$8.451M	2.9%	$38.90	+11.6%	COM	089302103
CAR	Avis Budget Group Inc	191,225	$8.391M	2.9%	$32.98	+14.6%	COM	053774105
MDXG	MiMedx Group Inc	657,000	$8.285M	2.9%	$13.34	-8.6%	COM	602496101
WD	Walker & Dunlop Inc	172,625	$8.2M	2.9%	$19.15	+117.9%	COM	93148P102
SKT	Tanger Factory Outlet Cntrs	299,950	$7.952M	2.8%	$24.42	—	COM	875465106
ENSG	The Ensign Group	335,700	$7.453M	2.6%	$17.55	+19.1%	COM	29358P101
WNC	Wabash National Corp	334,400	$7.256M	2.5%	$10.22	+71.6%	COM	929566107
—	Verint Systems Inc	172,000	$7.198M	2.5%	$33.13	—	COM	92343X100
NTCT	NetScout Systems Inc	222,925	$6.788M	2.4%	$27.44	+11.4%	COM	64115T104
MRTN	Marten Transport Ltd	320,895	$6.514M	2.3%	$7.15	+52.7%	COM	573075108
XHR	Xenia Hotels and Resorts	292,900	$6.324M	2.2%	$22.75	—	COM	984017103
—	CalAmp Corp	275,500	$5.904M	2.1%	$13.95	—	COM	128126109
—	Mitel Networks Corp	697,650	$5.742M	2.0%	$6.93	—	COM	60671Q104
—	GAIN Capital Hldgs Inc	536,050	$5.361M	1.9%	$8.33	—	COM	36268W100
CTRN	Citi Trends Inc	192,975	$5.106M	1.8%	$19.02	+18.1%	COM	17306X102
—	TriState Capital Holdings	205,950	$4.737M	1.7%	$10.42	—	COM	89678F100
—	PDL BioPharma Inc	1,689,800	$4.63M	1.6%	$2.47	—	COM	69329Y104
DFIN	Donnelley Financial Soln	236,875	$4.617M	1.6%	$21.62	-5.5%	COM	25787G100
—	iStar Inc	382,250	$4.319M	1.5%	$12.37	—	COM	45031U101
KFRC	Kforce Inc	163,650	$4.132M	1.4%	$22.46	+4.7%	COM	493732101
KE	Kimball Electronics Inc	176,200	$3.216M	1.1%	$11.11	+85.7%	COM	49428J109
—	Federated Natl Hldg Co	168,225	$2.787M	1.0%	$16.00	—	COM	31422T101
CRAI	CRA International Inc	60,200	$2.706M	0.9%	$19.67	+98.0%	COM	12618T105
ARQ	Advanced Emissions Soln	276,700	$2.673M	0.9%	$7.92	+8.4%	COM	00770C101
—	Marlin Business Services	106,725	$2.391M	0.8%	$28.75	—	COM	571157106
—	PICO Holdings Inc	157,300	$2.013M	0.7%	$12.80	—	COM	693366205
—	PCM Inc	199,925	$1.979M	0.7%	$10.21	—	COM	69323K100
—	Zix Corp	445,550	$1.952M	0.7%	$4.14	—	COM	98974P100
—	NewStar Financial Inc Continge	270,625	$0	0.0%	—	—	COM	652CVR994