Investment Management of Virginia LLC is an investment advisor that offers professional financial management services to institutions, high net worth individuals, and foundations. The company keenly monitors opportunities and foresees risks in order to protect client investments. The firm’s SEC 13F filing for the third quarter ended September 30 was submitted on October 14, 2014. The filing indicated that the firm’s top three investments are 3D Systems Corporation (NYSE:DDD), Luminex Corporation (NASDAQ:LMNX), and Altisource Portfolio Solutions S.A. (NASDAQ:ASPS).
3D Systems Corporation (NYSE:DDD) came out as the topmost investment of Investment Management of Virginia with an investment value of $49.6 million. The company provides 3D solutions, dealing with printers, printing materials, and printing software. The company was recently downgraded from buy status to hold by Deutsche Bank, citing lower estimates and lower justification. The price target too was reduced from $80 to $43. The company’s leading shareholders are The Vanguard Group, Inc. (5.35%), BlackRock Fund Advisors (5.30%), and SSgA Funds Management, Inc. (2.48%).
Luminex Corporation (NASDAQ:LMNX) emerged the second biggest investment of Investment Management of Virginia accounting for $27.6 million in value for the third quarter. The company is a manufacturer and marketer of biochemical technologies that cover diagnostic and life science. Villere St Denis J & Co Llc is the largest institutional shareholder with a stake worth 13.34%. It’s followed at a distant by Vanguard Group, Inc. with 6.1% and BlackRock Fund Advisors with 5.77%. The company has been upgraded to strong buy by Zacks Investment Research due to its strong third quarter report. The company reported total consolidated revenue of $56.7 million, representing a 12% increase over the same period last year.
Altisource Portfolio Solutions S.A. (NASDAQ:ASPS) came out as the third largest investment of Investment Management of Virginia for the third quarter, with the stock representing investment value of $24.3 million. The company is a provider of technology and knowledge-based solutions in the real estate, mortgage, assets and consumer relationship management. The company’s top three biggest institutional shareholders are Luxor Capital Group, Lp, Neuberger Berman LLC, and Omega Advisors, Inc.
This article has been written by Victor Ochieng.