INNOVATE CorpVATE
Market Cap: $46.7M
About: Innovate Corp is a diversified holding company that has a portfolio of subsidiaries in a variety of operating segments which are; The infrastructure segment is comprised of DBM Global Inc, a fully integrated industrial construction, structural steel, and facility maintenance provider that provides fabrication and erection of structural steel and heavy steel plate services, The Life Sciences segment is comprised of Pansend Life Sciences which seeks to develop products to treat early osteoarthritis of the knee and aesthetic and medical technologies for the skin, and Spectrum segment is comprised of HC2 Broadcasting Holdings Inc which operates over-the-air broadcasting stations across the United States.
Employees: 4,024
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
19% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 16
5% more funds holding
Funds holding: 60 [Q1] → 63 (+3) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]
5.04% less ownership
Funds ownership: 36.09% [Q1] → 31.05% (-5.04%) [Q2]
20% less capital invested
Capital invested by funds: $20M [Q1] → $16M (-$4.02M) [Q2]
30% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 20
Research analyst outlook
We haven’t received any recent analyst ratings for VATE.