Below we presented the list of 5 Best Small-Cap Healthcare Stocks to Buy. For our detailed discussion and a more comprehensive list please see 15 Best Small-Cap Healthcare Stocks to Buy.
At Insider Monkey we leave no stone unturned when looking for the next great investment idea. For example, lithium mining is one of the fastest growing industries right now, so we are checking out stock pitches like this emerging lithium stock. We go through lists like the 10 best hydrogen fuel cell stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our homepage. Keeping this in mind let’s take a look at the best small-cap healthcare stocks to buy:
5. Pacira BioSciences, Inc. (NASDAQ:PCRX)
No of HFs: 25
Total Value of HF Holdings: $519 Million
The 5th best small-cap healthcare stock to buy is PCRX. At the end of September, a total of 25 hedge funds tracked by Insider Monkey were long this stock. An insider recently purchased 2,500 shares at around $36 in March 2020. The stock is up 105% since then. PCRX is one of the leading providers of non-opioid pain management and health solutions. Recently, Pacira announced the settlement of government investigation. PCRX will settle the total amount of $3.5 million.
4. HMS Holdings Corporation (NASDAQ:HMSY)
No of HFs: 26
Total Value of HF Holdings: $86 Million
D.E. Shaw’s DE Shaw is one of the top hedge funds having positions in HMSY, which had $22 million invested in the stock at the end of September. HMSY helps healthcare organizations reduce cost and improve health outcomes. They were recently awarded the 2021 Best in KLAS designation for Care Management Solution (Payer). This marked the 2nd year in a row that the company was included in the Best in KLAS: Software & Services Report.
3. Cytokinetics, Inc. (NASDAQ:CYTK)
No of HFs: 26
Total Value of HF Holdings: $429 Million
One of the biggest hedge fund savings stakes in CYTK is Joseph Edelman’s Perceptive Advisors which had $218 million invested in the stock at the end of September. An insider recently purchased 6,000 shares at around $8. The stock is up 187% since then. CYTK was mentioned as one of the Top 10 Healthcare Stocks to Buy For the Future. They are focused on first-in-class muscle activators and potential treatments fr debilitating diseases in which muscle performance is compromised. Recently, the company issued stock options to Cinzia Ellero, a new employee whose employment started in January 2021 as a material reward for her employment to buy a total of 13,500 shares of common stock. An exercise price of $19.67 per share is subject to the stock options that were issued.
2. Luminex Corp. (NASDAQ:LMNX)
No of HFs: 29
Total Value of HF Holdings: $234 Million
At the end of September, a total of 29 hedge funds tracked by Insider Monkey were long this stock. An insider recently purchased 450 shares at around $22 in November 2020. The stock is up 31% since then. LMNX develops, produces, and markets biological testing technologies. They recently, received FDA emergency use authorization (EUA) for the company’s xMAP SARA-CoV-2 Multi-Antigen IgG Assay.
1. CONMED Corp. (NYSE:CNMD)
No of HFs: 33
Total Value of HF Holdings: $286 Million
The best small-cap healthcare stock to buy is CNMD. Ken Griffin’s Citadel Investment Group is one of the top hedge funds having positions in CNMD, which had $124 invested in the stock at the end of September. An insider recently purchased 2,000 shares at around $94 in March 2020. The stock is up 60% since then. CNMD is dedicated to the development and marketing of surgical and patient monitoring products and services. During the third quarter of 2020, the company reported sales of $237.8 million, a 1.8% increase year over year.
Please also see Top 10 Large-Cap Healthcare Stock to Buy Now and 10 Best Small-cap Biotech Stocks Under $10.
