In this article, we discuss the 5 best dividend stocks to buy according to billionaire Izzy Englander. If you want to read our detailed analysis of Englander’s history and hedge fund performance, go directly to the 10 Best Dividend Stocks to Buy According to Billionaire Izzy Englander.
5. Ares Commercial Real Estate Corporation (NYSE: ACRE)
Englander’s Stake Value: $10,304,000
Percentage of Izzy Englander’s 13F Portfolio: 0.001%
Dividend Yield: 9.13%
Number of Hedge Fund Holders: 14
Ares Commercial Real Estate Corporation (NYSE: ACRE) is an American real estate investment trust. The company was founded in 2011 and is placed fifth on the list of 10 best dividend stocks to buy according to billionaire Izzy Englander. Ares currently has a $695.15 million market capitalization and was able to deliver a 57.74% return in the past 12 months.
On May 4, Ares Commercial posted earnings for the first quarter of 2021. Revenue in the period was $21.22 million, up 0.4% YoY, beating the estimates by $2.83 million. Ares Commercial has also paid consistent dividends over the last several years. Recently, Ares Commercial declared quarterly dividend of $0.33 per share. The company declared a supplemental cash dividend of $0.02 per share. On February 2, BTIG initiated coverage on Ares Commercial with a “Buy” rating and a price target of $13.50.
There were 14 hedge funds in our database that held stakes in Ares Commercial in Q1 2021, compared to 8 funds in the previous quarter. Millennium Management is the Ares Commercial Real Estate Corporation (NYSE: ACRE)’s most significant stakeholder, with 751,044 shares worth $10.30 million.
4. Gilat Satellite Networks Ltd. (NASDAQ: GILT)
Englander’s Stake Value: $3,585,000
Percentage of Izzy Englander’s 13F Portfolio: 0.001%
Dividend Yield: 9.79%
Number of Hedge Fund Holders: 8
Gilat Satellite Networks Ltd. (NASDAQ: GILT) provides satellite-based wireless communication solutions and services along with its subsidiaries. The company was founded in 1987 and is ranked fourth on the list of 10 best dividend stocks to buy according to billionaire Izzy Englander. Gilat shares have gained about 53.79% in value over the last 12 months.
On June 3, Gilat Satellite announced that Pronatel awarded it a $13 million contract to deliver free WI-FI services over two years to hundreds of sites in Peru. On May 26, Gilat Satellite announced the extension of its multi-million-dollar IoT project in Latin America. Gilat provides the 4G network expansion to support agriculture, with a connectivity of machines that require controlling and observing harvesters and agricultural tractors.
Gilat is a new addition in Izzy Englander’s hedge fund’s portfolio, as Millennium Management bought 342,699 shares of the company, worth $3.59 million. Hedge funds are loading up on Gilat, as Insider Monkey’s data shows that 8 hedge funds held stakes in the company in Q1 2021, compared to 5 funds in the previous quarter.
3. Höegh LNG Partners LP (NYSE: HMLP)
Englander’s Stake Value: $1,121,000
Percentage of Izzy Englander’s 13F Portfolio: 0.001%
Dividend Yield: 10.21%
Number of Hedge Fund Holders: 7
Höegh LNG Partners LP (NYSE: HMLP) offers liquid natural gas services under long-term charters. The company was incorporated in 2014 and is placed third on the list of 10 best dividend stocks to buy according to billionaire Izzy Englander. Höegh stock has offered investors returns of 17.82% over the course of the past twelve months.
On May 27, the company posted quarterly earnings per share of $0.59 for Q1 2021, beating market predictions by $0.19. The company also declared revenue of $34.78 million, down 5.2% YoY, missing the estimates by $0.7 million. Höegh is a decent dividend-paying stock. On April 22, Höegh declared a quarterly dividend of $0.44 per share, in line with the previous. The forward yield is 10.03%.
Millennium Management increased its stake in Höegh by 278% in Q1 2021, with $1.12 million worth of the company’s stock. In Q1 2021, 7 hedge funds in the database of Insider Monkey held stakes worth $18.93 million in Höegh LNG Partners LP (NYSE: HMLP), up from 6 the preceding quarter worth $ 16.30 million.
2. Sculptor Capital Management, Inc. (NYSE: SCU)
Englander’s Stake Value: $3,735,000
Percentage of Izzy Englander’s 13F Portfolio: 0.002%
Dividend Yield: 10.61%
Number of Hedge Fund Holders: 17
Sculptor Capital Management, Inc. (NYSE: SCU) was incorporated in 1994 and is ranked second on the list of 10 best dividend stocks to buy according to billionaire Izzy Englander. Sculptor Capital currently has a $1.44 billion market capitalization and was able to deliver a 95.97% return in the past 12 months.
Sculptor Capital has also paid consistent dividends over the last several years. On May 14, the company declared its quarterly dividend of $0.30 per share. The dividend yield is 10.61%. On May 5, Sculptor Capital announced its Q1 2021 earnings per share of $0.62, beating market predictions by $0.23. The revenue for the first three months of 2021 was $123.3 million, up 55.7% YoY, beating the estimates by $33.08 million.
Millennium Management reduced its stake in Sculptor Capital in Q1 2021 by 3.32%. In Q1 2021, 17 hedge funds in the database of Insider Monkey held stakes worth $.90.52 billion in Sculptor Capital Management, Inc. (NYSE: SCU), same as the preceding quarter worth $ 73.29 million.
1. FS KKR Capital Corp. (NYSE: FSK)
Englander’s Stake Value: $1,347,000
Percentage of Izzy Englander’s 13F Portfolio: 0.001%
Dividend Yield: 10.96%
Number of Hedge Fund Holders: 15
FS KKR Capital Corp. (NYSE: FSK) is a business development company focusing on investments in fixed-income securities. It was founded in 2007 and is placed first on the list of 10 best dividend stocks to buy according to billionaire Izzy Englander. FS KKR Capital stock has returned 51.02% to investors over the course of the past four weeks.
On May 10, FS KKR Capital declared a quarterly dividend of $0.60 per share, in line with the previous. With a dividend yield of 10.96% and a market cap of $6.14 billion, FS KKR is one of the best dividend stocks to buy based on Izzy Englander’s Q1 portfolio. On May 10, FS KKR Capital announced its Q1 2021 total investment income of $151 million, down 15.6% YoY, beating the estimates by $1.18 million.
Millennium Management trimmed its stake in the stock by around 47% to 67,903 shares in the first quarter of 2021. Out of the hedge funds being tracked by Insider Monkey, Beach Point Capital Management is a leading shareholder in FS KKR Capital Corp. (NYSE: FSK) with 2.42 million shares worth $48.03 million.
You can also take a peek at Billionaire Andreas Halvorsen’s Top Stock Picks and Billionaire Lee Ainslie’s Top 10 Stock Picks.
