Published on 7 Oct 2024 on GuruFocus.com · via Yahoo Finance
Brandes Investment Partners, LP Exits Position in Dril-Quip Inc
Brandes Investment Partners, LP (Trades, Portfolio), a prominent investment firm, has recently completed a significant transaction by selling out its entire stake in Dril-Quip Inc (NYSE:DRQ). This transaction, executed on September 30, 2024, involved the sale of 3,732,716 shares at a price of $15.41 per share, marking a notable shift in the firm's investment strategy.
Profile of Brandes Investment Partners, LP (Trades, Portfolio)
Founded in 1974 by Charles Brandes, Brandes Investment Partners, LP (Trades, Portfolio) has established itself as a leading advisory firm, managing a diverse range of global equity and fixed-income assets. The firm is well-known for its commitment to the value investing principles pioneered by Benjamin Graham. It focuses on acquiring undervalued securities and holding them until their market value aligns with their intrinsic value. Brandes Investment Partners, LP (Trades, Portfolio) manages several key funds, including the U.S. Equity and Global Equity Funds, and holds a total equity of $8.12 billion across various sectors, with a significant focus on Healthcare and Financial Services.