10 Cash-Rich Small Cap Stocks To Invest In According To Analysts

8. CONMED Corporation (NYSE:CNMD)

TTM Operating Cash Flow as of December 31, 2024: $166,968,000

Number of Hedge Fund Holders: 22

Average Upside Potential: 30.66%

CONMED Corporation (NYSE:CNMD) is a medical technology company that designs, develops, and markets surgical devices and equipment in the US and globally. It provides a wide range of orthopedic surgery products. On March 3, the company disclosed that Fisher Asset Management increased its stake in the company by 41.4% during the fourth quarter. The fund added 122,140 shares to its portfolio, bringing its total ownership to 417,430 shares. It is ranked 8th on our list of the best cash rich stocks.

CONMED Corporation (NYSE:CNMD) reported GAAP net income of $33.8 million for the fourth quarter, up from $33.1 million in the same period last year. After adjusting for special items, Q4 net income rose 26.2% year-over-year to $41.8 million. For the full year, revenue reached $1.307 billion, reflecting a 5% increase. While overall sales growth in 2024 fell short of expectations, the company improved profitability through a better product mix and improved cost management. Operating cash flow for the year surged 33.2% to $167 million, compared to $125.3 million in 2023, with adjusted EPS growing 20.9%. Despite supply challenges, the firm strengthened its cash flow and positioned itself for long-term stability.

As per Insider Monkey’s fourth quarter database, 22 hedge funds were bullish on CONMED Corporation (NYSE:CNMD), up from 19 funds in the last quarter. James E. Flynn’s Deerfield Management was the largest shareholder of the firm, with 611,964 shares worth nearly $42 million.