5 Best-Performing Small-Cap Stocks of 2022

1. Target Hospitality Corp. (NASDAQ:TH)

Number of Hedge Fund Holders: 14

YTD Share Price Gain as of October 3: 248.54%

Target Hospitality Corp. (NASDAQ:TH) stock has gained 248.5% year-to-date as of October 3, which merits its inclusion on our list of the best-performing small-cap stocks of 2022. Target Hospitality Corp. (NASDAQ:TH) is a Texas-based specialty rental and hospitality services company. The company serves the U.S. government, government contractors, investment grade natural resource development companies, and energy infrastructure companies. 

On July 12, Oppenheimer analyst Scott Schneeberger raised the price target on Target Hospitality Corp. (NASDAQ:TH) to $18 from $9 and maintained an Outperform rating on the shares after updating the model for Target Hospitality Corp. (NASDAQ:TH)’s recently announced contract extension of its West Texas government facility. 

According to the second quarter database of Insider Monkey, 14 hedge funds held stakes worth $47.8 million in Target Hospitality Corp. (NASDAQ:TH), compared to 13 funds in the prior quarter worth $46.7 million. Gregg J. Powers’ Private Capital Management is the leading stakeholder of the company, with 5.8 million shares valued at $33.5 million. 

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