Jim Simons (Trades, Portfolio) founded Renaissance Technologies in 1982, which is an investment management company dedicated to producing superior returns for its clients and employees by adhering to mathematical and statistical methods. The following are the stocks that have highest dividend yield among Simons' portfolio.
Paragon Shipping Inc. (PRGN)
Simons holds 104,700 shares of Paragon Shipping, and the stock has had a long-term position in the portfolio since 2012. The position saw a huge increase of 552% and 707% in Q1 2014 and Q2 2015, Simons is now the only guru shareholder with 0.42% of outstanding shares.
Paragon Shipping is a provider of shipping transportation services. It is engaged in transporting drybulk cargoes, including such commodities as iron ore, coal, grain and other materials along shipping routes. It has a market cap of $3 million and is a provider in the design, manufacture and sale of equipment and components used in oil and gas drilling, completion and production operations, and the provision of oilfield services to the upstream oil and gas industry.
The stock currently offers a dividend yield of 498%. Paragon Shipping also has the following negative five-year growth rates: 42.90% for revenue and 22.70% for book value.
Cowen Group Inc. (COWN)
Simons holds 96,482 shares of Cowen Group and has been in the portfolio since 2010.
Cowen Group provides alternative investment management, investment banking, research, sales and trading services. It has a market cap of $493.73 million.
The stock currently offers a dividend yield of 308%. Cowen Group's dividend growth rate over the past five years has not faced any change.
Revenue has grown 0.6% over the past five years, while book value declined 17.4%.
Catalyst Biosciences Inc. (CBIO)
Simons holds 62,433 shares of Catalyst Biosciences and increased the position by 362.37% in Q4 2014. Simons is the only guru shareholder with 0.55% of outstanding shares.
Catalyst Biosciences has a market cap of $36.57 million and is engaged in the design, discovery and development of NNR Therapeutics, a new class of drugs for the treatment of diseases and disorders of the central nervous system.
The stock currently offers dividend yield of 124%. The company's book value grew by 6.1% over the past five years, while revenue declined by 62.2%.
DryShips Inc. (DRYS)
Simons holds 4,166,893 shares of DryShips and the stock has been in the portfolio since 2010.
DryShips Inc. has a market cap of $113.13 million and is a provider of ocean transportation services for drybulk and petroleum cargoes.
The stock currently offers a dividend yield of 97.19%. Revenue grew by 5.90% over the past five years, while EBITDA grew 5.30%.
Emerge Energy Services LP. (EMES)
Simons holds 165,552 shares of Emerge Energy Services and the stock has been in his portfolio since 2013. The position saw a huge increase of 499% and 192% in Q1 2014 and Q4 2014.
Emerge Energy Services LP has a market cap of $160.88 million and was formed by management and affiliates of Insight Equity to own, operate, acquire and develop a portfolio of energy service assets.
The stock currently offers a dividend yield of 66%.
Peabody Energy Corp. (BTU)
Simons holds 1,361,600 shares of Peabody Energy and the stock has been a long term position in his portfolio since 2010.
Peabody Energy Corp. has a market cap of $220.15 million and is a private-sector coal company and it owns interests in 30 coal mining operations, including a majority interest in 29 coal operations located in the U.S. and Australia.
The stock currently offers dividend yield of 11%. Revenue grew by 2.4% over the past five years, while EBITDA declined by 23.5% and book value declined 7.9%.
Cliffs Natural Resources Inc. (CLF)
Simons holds 5,073,900 shares of Cliffs Natural Resources. The position saw a huge increase of 123.29% in Q2 2015 and another increase of 31.90% in the third quarter.
Cliffs Natural Resources has a market cap of $363.61 million and is a producer of iron ore pellets in North America. It is a mining and natural resources company.
The stock currently offers a dividend yield of 6%. Cliffs Natural Resources's dividend growth rate over the past five years was 17.80%.
This article first appeared on
GuruFocus.