This article presents an overview of the 5 Best Value Penny Stocks To Invest In Now. For a detailed overview of the 15 such stocks read our article, 11 Best Value Penny Stocks To Invest In Now.
5. Five Point Holdings LLC (NYSE:FPH)
Number of Hedge Fund Investors: 14
Real estate company Five Point Holdings LLC (NYSE:FPH) shares have gained about 38% over the past one year. The stock’s PE ratio is still attractive, at 12.70 as of April 12.
Insider Monkey’s database of 933 hedge funds shows that 14 funds had stakes in Five Point Holdings LLC (NYSE:FPH) as of the end of 2023.
Third Avenue Real Estate Value Fund stated the following regarding Five Point Holdings, LLC (NYSE:FPH) in its fourth quarter 2023 investor letter:
“Furthermore, Five Point Holdings, LLC (NYSE:FPH) (a U.S.-based land development company) launched an exchange offer for its Senior Unsecured Notes, whereby it proposed to pay down $100 million of principal, while also extending the maturity date on the remaining amount to 2028 and introducing an optional amortization feature. The offer was accepted by more than 99.0% of the holders, thus allowing the company to move forward with the well-designed transaction that will further reduce debt and grant Five Point more flexibility as it seeks to unlock the value embedded in its incredibly scarce land positions—an amount that seems much more significant than currently implied by the prevailing price for its common stock, in Fund Management’s view.
The Fund participated in several of these developments, primarily by (i) increasing its position in Ingenia Communities alongside the Sun Communities offering and (ii) agreeing to engage in the Five Point exchange offer, which is expected to close in January 2024. The Fund also increased its position in Sun Communities during the period and trimmed back certain holdings for portfolio management purposes.”
4. Banco Bradesco S.A. ADR (NYSE:BBD)
Number of Hedge Fund Investors: 16
Insider Monkey’s database of 933 funds shows that 16 hedge funds had stakes in the Brazil-based financial services company Banco Bradesco S.A. ADR (NYSE:BBD). The stock has a dividend yield of about 7.9%.
Ken Fisher’s hedge fund was the biggest shareholder of Banco Bradesco S.A. ADR (NYSE:BBD) as of Q4’2023 with a $242 million stake.
3. Nordic American Tankers Ltd (NYSE:NAT)
Number of Hedge Fund Investors: 16
With a dividend yield of over 11% and a low PE ratio, Nordic American Tankers Ltd (NYSE:NAT) is a popular penny stock among elite money managers. A total of 16 funds had stakes in Nordic American Tankers Ltd (NYSE:NAT) as of the end of 2023.
In February Nordic American Tankers Ltd (NYSE:NAT) upped its dividend by 100%.
2. Hallador Energy Co (NASDAQ:HNRG)
Number of Hedge Fund Investors: 17
Goldman Sachs recently published a list of stocks that could benefit if Donald Trump wins the 2024 election. Colorado-based coal company Hallador Energy Co (NASDAQ:HNRG) was part of the list under coal theme.
A total of 17 hedge funds in Insider Monkey’s database have stakes in Hallador Energy Co (NASDAQ:HNRG) as of the end of 2023.
Cove Street Small Cap Value Fund stated the following regarding Hallador Energy Company (NASDAQ:HNRG) in its first quarter 2024 investor letter:
“Hallador Energy Company (NASDAQ:HNRG) is a classic case of “I guess we should have sold it all.” We don’t pretend that the coal business and the coal power generation business is not cyclical, but this was past the north-end of our expectations. A warm winter and low gas prices were the simple double whammy. We see the opposite this summer. Underneath short-term movement, the U.S. remains in a dance between the desire for Green and the necessity of consistently keeping the lights on. These assets get more valuable every day in our opinion.”
1. Amylyx Pharmaceuticals Inc (NASDAQ:AMLX)
Number of Hedge Fund Investors: 36
Amylyx Pharmaceuticals Inc (NASDAQ:AMLX) shares keep falling despite Amylyx Pharmaceuticals Inc’s (NASDAQ:AMLX) latest announcement of encouraging phase 2 data on its treatment, AMX0035, for the rare disease Wolfram syndrome.
Of the 36 hedge funds that had stakes in the biopharma company Amylyx Pharmaceuticals Inc (NASDAQ:AMLX), Andreas Halvorsen’s Viking Global had the biggest stake ($44 million).
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