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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. 2 )*
Resource America Inc.
- --------------------------------------------------------------------------------
(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)
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* The remainder of this cover page shall be filled out for a reporting
persons 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
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1. NAME OF REPORTING PERSONS
I.R.S IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Keefe Managers, Inc. / 13-3610107
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(SEE INSTRUCTIONS) (b) [ ]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
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NUMBER OF 5. SOLE VOTING POWER 584,710*
SHARES ------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER 0
OWNED BY ------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER 584,710*
REPORTING ------------------------------------------------------
PERSON WITH 8. SHARED DISPOSITIVE POWER 0
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 584,710*
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10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) [ ]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 2.5%*
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12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IA, CO
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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:
(a) [ ] Broker or dealer registered under section 15 of the
Act (15 U.S.C. 78o).
(b) [ ] Bank as defined in section 3(a)(6) of the Act
(15 U.S.C. 78c).
(c) [ ] Insurance company as defined in section 3(a)(19) of the
Act (15 U.S.C. 78c).
(d) [ ] Investment company registered under section 8 of the
Investment Company Act of 1940 (15 U.S.C. 80a-8).
(e) [X] Investment adviser in accordance with section
240.13d-1(b)(1)(ii)(E).
(f) [ ] Employee benefit plan or endowment fund in accordance
with section 240.13d-1(b)(1)(ii)(F).
Page 3 of 5 pages
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(g) [ ] Parent holding company or control person in accordance
with section 240.13d-1(b)(1)(ii)(G).
(h) [ ] Savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act (12 U.S.C. 1813).
(i) [ ] A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the
Investment Company Act of 1940 (15 U.S.C. 80a-3).
(j) [ ] Group, in accordance with section 240.13d-1(b)(1)(ii)(J).
Item 4. Ownership:
(a) Amount Beneficially Owned: 584,710*
(b) Percent of Class: 2.5%*
(c) Number of Shares as to which the person has:
(i) sole power to vote or direct the vote 584,710*
(ii) shared power to vote or direct the vote 0
(iii) sole power to dispose or direct the
disposition of 584,710*
(iv) shared power to dispose or direct the
disposition of 0
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* Amounts do not include the 78,290 shares (0.34% 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:
If this statement is being filed to report the fact that as
of the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities check the following [X].
Item 6. Ownership of More than Five Percent on Behalf of Another Person:
Not Applicable.
Page 4 of 5 pages
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Item 7. Identification and Classification of the Subsidiary which Acquired
the Security Being Reported on by the Parent Holding Company:
Not Applicable
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
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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 7, 2000
Page 5 of 5 pages
