Strategic Portfolio Expansion
Neumeier Poma Discloses New Investments in Five Industrial and Financial Companies
Key Points
In ICF International, Neumeier Poma disclosed a mid-July move where CEO John Wasson sold 12,411 shares on July 13 at an average price of $80.08, leaving him with 27,511 shares (~$2.20 million value) after the sale.
ICF International is highly owned by institutions, with hedge funds and other institutional investors reportedly owning about 94.12% of the stock.
For Lakeland Financial, BlackRock Inc. added a new position in the second quarter, marking a notable acquisition by a major asset manager.
Lakeland Financial also announced a quarterly dividend of $0.50 per share, paid on August 5, with the record date set for July 25.
Willdan Group became a new large holding for Neumeier, with a 530,210-share position that accounts for about 2.9% of the portfolio and ranks as the 20th-largest holding.
Neumeier Poma Investment Counsel LLC deployed multibillion-dollar stakes across five companies in the second quarter, signaling a broad bet on industrial and financial services firms. The investment firm acquired 268,045 shares of ICF International (ICFI), 497,399 shares of Lakeland Financial (LKFN), and 530,210 shares of Willdan Group (WLDN), among other positions, according to WatchListNews.
These moves reflect Neumeier Poma's strategy to expand into diversified industrial and services names with large institutional ownership bases. The firm's largest new position in the period was Willdan Group, which became its 20th-largest holding at 2.9% of portfolio weight.
ICF International CEO Sells Shares Amid Broad Hedge Fund Ownership
Neumeier Poma invested approximately $19.53 billion in ICF International during Q2, acquiring 268,045 shares, according to WatchListNews. However, CEO John Wasson reduced his personal stake in mid-July, selling 12,411 shares on July 13 at $80.08 per share. This left Wasson holding 27,511 shares worth roughly $2.20 million.
The stock is heavily owned by institutions. Hedge funds and other institutional investors reportedly control about 94.12% of ICF International's shares, suggesting strong professional confidence in the business services provider.
Lakeland Financial Attracts BlackRock and Dividend Boost
Neumeier Poma bought 497,399 shares of Lakeland Financial in Q2, investing about $30.70 billion and making the stock roughly 2.1% of its portfolio. TickerReport noted that the position ranks as Neumeier's 26th-largest holding. BlackRock Inc. also entered the stock during the period, marking a major asset manager's new acquisition.
Lakeland Financial sweetened its appeal by announcing a quarterly dividend of $0.50 per share on August 5. The record date was set for July 25, giving shareholders another income stream alongside the stock's institutional backing.
Willdan Group Becomes Top 20 Position for Neumeier
Neumeier Poma established a fresh position in Willdan Group (WLDN) with 530,210 shares, according to TickerReport. This stake amounts to roughly 2.9% of Neumeier's total portfolio and ranks as its 20th-largest holding. The move signals confidence in the engineering and consulting firm's near-term prospects.
The investment represents part of a broader diversification into industrial services names. Federal Signal and UFP Technologies also received capital from Neumeier in the period, with the firm acquiring 404,008 and 84,575 shares respectively.
Large Institutional Bets Signal Confidence in Diverse Sectors
The five positions Neumeier Poma opened in Q2 span business services, financial services, engineering, industrial signaling, and technology manufacturing. The breadth suggests the firm sees opportunity across multiple industries rather than concentrating bets in any single sector.
These moves come as other major institutional investors like BlackRock also expand stakes in some of the same names. The coordination among large money managers often reflects shared conviction about valuations and growth prospects in overlooked mid-cap stocks.
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