5 Cash-Rich Small Cap Stocks To Invest In

In this piece, we will take a look at the five cash rich small cap stocks to invest in. If you want to find out all the details about small cap investing, then check out 13 Cash-Rich Small Cap Stocks To Invest In.

5. Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Number of Hedge Fund Investors During Q3 2023: 30

Cash & Equivalents: $337 million

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) is an American retailer that sells products used in outdoor leisure activities and sports. A draw down in discretionary spending has led to the firm missing analyst EPS estimates in two out of its four latest quarters. However, the shares are rated Strong Buy on average.

By the end of Q3 2023, 30 out of the 910 hedge funds covered by Insider Monkey’s research were Academy Sports and Outdoors, Inc. (NASDAQ:ASO)’s shareholders. Steve Cohen’s Point72 Asset Management owned the largest stake which was worth $72.3 million.

4. Fabrinet (NYSE:FN)

Number of Hedge Fund Investors During Q3 2023: 30

Cash & Equivalents: $550 million

Fabrinet (NYSE:FN) is a technology products and services provider that enables businesses to manufacture their own goods and buy items such as lasers. The firm posted a strong set of financial results in November 2023 that saw it beat analyst estimates for the quarter’s EPS and the forward guidance as well.

Insider Monkey’s third quarter of 2023 survey covering 910 hedge funds revealed that 30 were the firm’s investors. Fabrinet (NYSE:FN)’s biggest hedge fund shareholder is Brian Ashford-Russell and Tim Woolley’s Polar Capital courtesy of its $90.4 million investment.

3. Meritage Homes Corporation (NYSE:MTH)

Number of Hedge Fund Investors During Q3 2023: 33

Cash & Equivalents: $861 million

Meritage Homes Corporation (NYSE:MTH) is an American home builder headquartered in Scottsdale, Arizona. The firm’s latest financial results impressed Deutsche Bank as it kept a Buy rating on the shares and increased the share price target to $184 in November 2023.

During this year’s September quarter, 33 out of the 910 hedge funds profiled by Insider Monkey had bought Meritage Homes Corporation (NYSE:MTH)’s shares. Ken Fisher’s Fisher Asset Management was the largest investor through its $129 million stake.

2. SM Energy Company (NYSE:SM)

Number of Hedge Fund Investors During Q3 2023: 34

Cash & Equivalents: $444 million

SM Energy Company (NYSE:SM) is an American oil and gas exploration and production company headquartered in Denver, Colorado. The firm has beaten analyst EPS estimates in all four of its latest quarters and the shares are rated Buy on average.

As of September 2023 end, 34 out of the 910 hedge funds tracked by Insider Monkey’s database had bought a stake in the company. SM Energy Company (NYSE:SM)’s biggest shareholder in our database is Israel Englander’s Millennium Management through its $89.6 million investment.

1. Mr. Cooper Group Inc. (NASDAQ:COOP)

Number of Hedge Fund Investors During Q3 2023: 34

Cash & Equivalents: $527 million

Mr. Cooper Group Inc. (NASDAQ:COOP) provides mortgage loans and other associated products and services. December 2023 was a controversial month for the firm as it revealed that a breach in its cybersecurity infrastructure led to stolen information affecting 14.7 million people.

34 out of the 910 hedge funds part of Insider Monkey’s Q3 2023 research had held Mr. Cooper Group Inc. (NASDAQ:COOP)’s shares. Leon Cooperman’s Omega Advisors was the firm’s largest investor as it owned 3 million shares that are worth $163 million.

Disclosure: None. You can also take a look at 10 Oversold Blue Chip Stocks To Buy and 10 Best Sectors To Invest In Long-Term.

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