5 Best Micro Cap Stocks To Invest In

In this piece, we will take a look at the five best micro cap stocks to invest in. To learn the details about the determinants of mico cap stock performance, check out 12 Best Micro Cap Stocks To Invest In.

5. Park Aerospace Corp. (NYSE:PKE)

Number of Hedge Fund Investors In Q2 2023: 18

Park Aerospace Corp. (NYSE:PKE) is a crucial company when it comes to the aerospace industry since it provides materials that are used to build jet engines and other equipment that have to withstand high temperatures and pressures. The firm’s results for the second quarter of fiscal 2024 saw its sales drop $12.4 million from the year ago quarter’s $13.8 million, and more than 80% of its shares are owned by institutional investors.

During Q2 2023, 18 hedge funds among the 910 tracked by Insider Monkey had bought and invested in Park Aerospace Corp. (NYSE:PKE)’s shares. Out of these, the biggest investor is Jim Simons’ Renaissance Technologies courtesy of its one million shares that are worth $14 million.

4. Domo, Inc. (NASDAQ:DOMO)

Number of Hedge Fund Investors In Q2 2023: 19

Domo, Inc. (NASDAQ:DOMO) is a software company that provides a cloud platform to help businesses with their decision making. Despite a slowdown in the cloud sector due to high interest rates, the firm has beaten or met analyst EPS estimates in three of its four quarters.

Insider Monkey scoured through 910 hedge fund portfolios for this year’s June quarter and discovered that 19 were the firm’s shareholders. D. E. Shaw’s D E Shaw owns the largest stake among these, which is worth $8.8 million.

3. KalVista Pharmaceuticals, Inc. (NASDAQ:KALV)

Number of Hedge Fund Investors In Q2 2023: 23

KalVista Pharmaceuticals, Inc. (NASDAQ:KALV) is a biotechnology company that develops treatments for diseases such as diabetes complications and skin system disorders. Its shares are rated Strong Buy on average, and analysts have set an average share price target of $20.67.

By the end of 2023’s second quarter, 23 out of the 910 hedge funds polled by Insider Monkey had owned a stake in KalVista Pharmaceuticals, Inc. (NASDAQ:KALV). Kevin C. Tang’s Tang Capital Management is the biggest shareholder among these through its $23.8 million stake.

2. Magnachip Semiconductor Corporation (NYSE:MX)

Number of Hedge Fund Investors In Q2 2023: 23

Magnachip Semiconductor Corporation (NYSE:MX) is a semiconductor company that sells power management, signals processing, and other products. The firm had a busy third quarter as it announced new products for electric vehicles and consumer electronics.

As of June 2023, 23 hedge funds among the 910 part of Insider Monkey’s database had bought the firm’s shares. Magnachip Semiconductor Corporation (NYSE:MX)’s largest hedge fund investor is Howard Marks’ Oaktree Capital Management since it owns $31.8 million worth of shares.

1. uniQure N.V. (NASDAQ:QURE)

Number of Hedge Fund Investors In Q2 2023: 25

uniQure N.V. (NASDAQ:QURE) is a small Dutch biotechnology company developing treatments for serious diseases such as sclerosis and epilepsy. It is currently in a cost cutting drive that has seen uniQure N.V. (NASDAQ:QURE) cut 20% of its workforce and drive down research and development expenses significantly.

25 out of the 910 hedge funds polled by Insider Monkey were uniQure N.V. (NASDAQ:QURE)’s investors as of Q2 2023. Wilmot B. Harkey and Daniel Mack’s Nantahala Capital Management owns the biggest stake among these which is worth $32.6 million.

Disclosure: None. You can also take a look at 12 Cheap Biotech Stocks Smart Investors Are Piling Into and Top 15 Tech Trends In 2023.

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