In this article, we will take a look at the 10 stocks to buy under $15 according to Travis Cocke’s Voss Capital. You can skip our detailed analysis of Travis Cocke’s history, investment philosophy, and hedge fund performance, and go directly to the 5 Stocks to Buy Under $15 According to Travis Cocke’s Voss Capital.
Voss Capital is based in Texas. The investment company concentrates on investing in small-cap stocks based in the United States. The company was launched by Travis Cocke in 2011. Travis Cocke is the manager of the 13F securities portfolio of Voss Capital.
According to the latest 13F filings of Voss Capital, the company has over $240 million worth of assets under its management. The fund has increased its value by 1.0% in the second quarter of 2021. The fund delivered a quarterly net return of 11.2%, way ahead of Russell 2000 and S&P 500 benchmarks of 4.3% and 8.5% returns, respectively. The fund has stakes in 40 holdings.
The largest allocation of Travis Cocke’s Voss Capital is in the finance sector with 28.37%, followed by information technology with 21.8%. The top three holdings of the hedge fund include Rimini Street, Inc. (NASDAQ:RMNI), Extreme Networks, Inc. (NASDAQ:EXTR), and American Outdoor Brands, Inc. (NASDAQ:AOUT). The hedge fund has also notable investments in Blackstone Inc. (NASDAQ:BX) and Chesapeake Energy Corporation (NASDAQ:CHK)
Blackstone Inc. (NASDAQ:BX) is an asset management company based in New York. The firm specializes in real estate, private equity, hedge fund solutions and public debt strategies. The company is also known for investing in small companies.
With 25,000 shares valued at $1.3 million, Chesapeake Energy Corporation (NASDAQ:CHK) is one of the newest additions by Travis Cocke to his portfolio in the Q2 2021.
American Outdoor Brands, Inc. (NASDAQ:AOUT) is based in Missouri, and engages in the manufacturing and designing of outdoor products and accessories. Travis Cocke’s Voss Capital holds 510,000 shares in American Outdoor Brands, Inc. (NASDAQ:AOUT).
Source:Pixabay
Our Methodology
This list has been compiled after analyzing the cheapest stocks of Voss Capital’s portfolio in the second quarter of 2021. The stock price of each company has been mentioned as of October 09, 2021.We have also mentioned the total number of hedge funds having stakes in each company as tracked by Insider Monkey in the second quarter of 2021.
Why should we pay attention to hedge funds’ stock picks? Insider Monkey’s research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 86 percentage points since March 2017. Between March 2017 and July 2021, our monthly newsletter’s stock picks returned 186.1%, vs. 100.1% for the SPY. Our stock picks outperformed the market by 86 percentage points (see the details here). That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to. You can subscribe to our free newsletter on our homepage to receive our stories in your inbox.
10 Stocks to Buy Under $15 According to Travis Cocke’s Voss Capital
10. Inspired Entertainment, Inc. (NASDAQ:INSE)
Voss Capital Stake Value: $830,000
Percent of Voss Capital Portfolio: 0.34%
Stock Price: $12.87
Number of Hedge Fund Holders: 23
Inspired Entertainment, Inc. (NASDAQ:INSE) is a New York-based company with a focus on producing electronic games and multimedia products. The company is engaged in business-to-business gaming technology, multimedia for betting, and server-based gaming.
According to the database of Insider Monkey tracking 873 hedge funds in Q2 2021, 23 were bullish on Inspired Entertainment, Inc. (NASDAQ:INSE), having stakes worth $121 million. This number has increased from 8 in Q1 2021, valuing at $44 million.
9. Extreme Networks, Inc. (NASDAQ:EXTR)
Voss Capital’ Stake Value: $18.6 million
Percent of Voss Capital’ Portfolio: 7.73%
Stock Price: $10.4
Number of Hedge Fund Holders: 20
Extreme Networks, Inc. (NASDAQ:EXTR) is based in North Carolina and provides telecommunication equipment. The company designs, develops, and sells wireless network infrastructure, software for management and security control, cloud services.
At the end of the second quarter of 2021, Voss Capital holds 1.67 million shares in Extreme Networks, Inc. (NASDAQ:EXTR), worth $18.581 million, accounting for 7.73% of the 13F portfolio.
Renaissance Technologies is the leading investor in Extreme Networks, Inc. (NASDAQ:EXTR), holding 3.35 million shares, worth $37 million
8. B. Riley Principal 150 Merger Corp. (NASDAQ:BRPMU)
Voss Capital’ Stake Value: $507,000
Percent of Voss Capital’ Portfolio: 0.21%
Stock Price: $9.99
Number of Hedge Fund Holders: N/A
B. Riley Principal 150 Merger Corp. (NASDAQ:BRPMU) is based in New York and seeks to affect a merger, asset acquisition, reorganization, or stock purchase. This special purpose acquisition company was founded in 2020.
The company concentrates on merging with a company having established business and valued in the range of $300 million to $1 billion. The company has no industry preference.
As of the second quarter of 2021, Voss Capital has 50,000 shares in B. Riley Principal 150 Merger Corp. (NASDAQ:BRPMU), valued at $0.51 million.
Like Blackstone Inc. (NASDAQ:BX), Chesapeake Energy Corporation (NASDAQ:CHK), and American Outdoor Brands, Inc. (NASDAQ:AOUT), B. Riley Principal 150 Merger Corp. (NASDAQ:BRPMU) is under the radar of Voss Capital.
7. Landsea Homes Corporation (NASDAQ:LSEA)
Voss Capital’ Stake Value: $6.7 million
Percent of Voss Capital’ Portfolio: 2.77%
Stock Price: $8.85
Number of Hedge Fund Holders: 9
Landsea Homes Corporation (NASDAQ:LSEA) is based in Indiana and is engaged in the designing, manufacturing, and selling of healthcare products and medical devices. These products include solutions for musculoskeletal healthcare, reconstructive products, and replacement products. The company has operations in the US, Asia, Europe, ad Africa.
As of Q2 2021, 9 hedge funds, as tracked by Insider Monkey, have stakes in Landsea Homes Corporation (NASDAQ:LSEA), worth $21.5 million.
6. MoneyGram International, Inc. (NASDAQ:MGI)
Voss Capital’ Stake Value: $3.5 million
Percent of Voss Capital’ Portfolio: 1.46%
Stock Price: $8.18
Number of Hedge Fund Holders: 24
MoneyGram International, Inc. (NASDAQ:MGI), headquartered in Texas, provides financial services. The company provides peer-to-peer, cross-border fund transfers. The company has operations all around the globe through a network of retailer agents, post offices, banks, and financial institutions.
On October 8, 2021, the company announced a partnership with the Stellar Developmental Foundation to integrate blockchain and cryptocurrency into the system.
As of the second quarter of 2021, Voss Capital holds 350,000 shares of the company worth $3.52 million. MoneyGram International, Inc. (NASDAQ:MGI) represents 1.46% of Travis Cocke’s Voss Capital’s portfolio of 13F securities.
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Disclosure. None. 10 Stocks to Buy Under $15 According to Travis Cocke’s Voss Capital is originally published on Insider Monkey.
