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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Resource America Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
761195205
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(CUSIP Number)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Page 1 of 5 pages
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CUSIP No. 761195205
1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Keefe Managers, Inc./ 13-3610107
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(See Instructions) (b) [ ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF SHARES 5. SOLE VOTING POWER
1,458,100*
BENEFICIALLY
OWNED BY EACH 6. SHARED VOTING POWER
0
REPORTING PERSON
WITH 7. SOLE DISPOSITIVE POWER
1,458,100*
8. SHARED DISPOSITIVE POWER
0
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,458,100*
10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
(See Instructions)
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.7%*
12. TYPE OF REPORTING PERSON (See Instructions)
IA, CO
Page 2 of 5 pages
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Item 1. (a) Name of Issuer:
Resource America Inc.
(b) Address of Issuer's Principal Executive Offices:
1521 Locust Street
Philadelphia, PA 19102
Item 2. (a) Name of Person Filing:
Keefe Managers, Inc.
(b) Address of Principal Business Office or, if none,
Residence:
375 Park Avenue, 23rd Floor
New York, NY 10152
(c) Citizenship:
Delaware corporation
(d) Title of Class of Securities:
Common Stock
(e) CUSIP Number:
761195205
Item 3. If this statement is filed pursuant to Sections 240.13d-1(b),
or 240.13d-2(b) or (c), check whether the person filing is a:
(e) |X| Investment adviser in accordance with
Section 240.13d-1(b)(1)(ii)(E).
Page 3 of 5 pages
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Item 4. Ownership:
(a) Amount Beneficially Owned: 1,458,100 *
(b) Percent of Class: 6.7% *
(c) Number of Shares as to which the person has:
(i) sole power to vote or direct the vote
1,458,100 *
(ii) shared power to vote or direct the vote
0
(iii) sole power to dispose or direct the
disposition of 1,458,100 *
(iv) shared power to dispose or direct the
disposition of 0
* Amounts do not include the 118,500 shares (0.54%
of the outstanding) as to which Rainbow Managers,
LLC, ("RM"), a Registered Investment Advisor and an
affiliate of Keefe Managers, Inc., ("KMI"), has
sole power to vote or direct the vote or to dispose
or direct the disposition. KMI does not
beneficially own such shares. Such shares were
purchased by RM on behalf of its discretionary
client in the ordinary course of business and not
for the purpose of or with the effect of changing
or influencing the control of the issuer, or in
connection with or as a participant in any
transaction having such purpose or effect.
Item 5. Ownership of Five Percent or Less of a Class:
Not Applicable
Item 6. Ownership of More than Five Percent on Behalf of Another
Person:
KMI has purchased all of the shares reported in
this statement on behalf of its discretionary
clients. Such clients have the right to receive or
the power to direct the receipt of dividends from,
or the proceeds from the sale of such securities,
subject to KMI's general authority to invest and
reinvest the assets in each account under its
management.
Item 7. Identification and Classification of the Subsidiary which
Acquired the Security Being Reported on by the Parent
Holding Company:
Not Applicable
Page 4 of 5 pages
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Item 8. Identification and Classification of Members of the Group:
Not Applicable
Item 9. Notice of Dissolution of Group:
Not Applicable
Item 10. Certification
By signing below I certify that, to the best of my
knowledge and belief, the securities referred to
above were acquired and are held in the ordinary
course of business and were not acquired and are
not held for the purpose of or with the effect of
changing or influencing the control of the issuer
of the securities and were not acquired and are not
held in connection with or as a participant in any
transaction having that purpose or effect.
Signature
After reasonable inquiry and to the best of my
knowledge and belief, I certify that the
information set forth in this statement is true,
complete and correct.
Keefe Managers, Inc.
BY: /s/ Harry V. Keefe, Jr.
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Harry V. Keefe, Jr.
Chairman
Date: February 5, 1999
Page 5 of 5 pages
