5 Best Stocks to Buy According to Steven Baughman’s Divisar Capital

2. MasterCraft Boat Holdings, Inc. (NASDAQ: MCFT)

Baughman’s Stake Value: $23,077,000
Percentage of Steven Baughman’s 13F Portfolio: 7.79%
Number of Hedge Fund Holders: 16

MasterCraft Boat Holdings, Inc. (NASDAQ: MCFT) designs, produces and markets recreational powerboats through its subsidiaries. The company was founded in 1968 and ranked second on the list of 10 best stocks to buy according to Steven Baughman’s Divisar Capital. MasterCraft currently has a $497.83 million market capitalization and was able to deliver a 27.80% return in the past 12 months. 

On June 28, MasterCraft Boat Holdings, Inc. (NASDAQ: MCFT) announced that it launched a new share repurchase program. The new authorization permits the business to repurchase up to $50 million in shares over the course of three years, which ends on June 24. The firm’s credit facility would give it more liquidity and financial flexibility to continue executing its consumer-centric growth plan. On May 13, Truist analyst Michael Swartz raised the price target on MasterCraft Boat to $32 from $26 and kept a “Hold” rating on the shares. 

Divisar Capital holds 867,876 shares in MasterCraft Boat Holdings, Inc. (NASDAQ: MCFT), worth over $23 million, representing 7.79% of their portfolio. The hedge fund has trimmed stakes in the firm by 15% in the past few months. There were 16 hedge funds in our database that held stakes in the company at the end of the first quarter of 2021, same as the number of hedge funds in the previous quarter. Royce & Associates is the company’s most significant stakeholder, with 1.39 million shares worth $36.56 million.