In this article, we will discuss the 5 dividend stocks to buy now according to Allon Hellmann’s Full18 Capital. If you want to read our detailed analysis of Hellmann’s history, investment philosophy, and hedge fund performance, go directly to the 10 Dividend Stocks to Buy Now According to Allon Hellmann’s Full18 Capital.
5. Spirit Realty Capital, Inc. (NYSE:SRC)
Full18 Capital Stake Value: $608,000
Percentage of Full18 Capital’s 13F Portfolio: 0.25%
Number of Hedge Fund Holders: 19
Dividend Yield: 5.12%
Spirit Realty Capital, Inc. (NYSE:SRC) is a Dallas, Texas-based triple net-lease real estate investment trust. On September 17, RBC Capital analyst Brad Heffern initiated coverage of Spirit Realty, rating the stock as “Sector Perform” and gave a price target of $53.
The company is getting the attention of the smart money, as 19 hedge funds tracked by Insider Monkey reported owning stakes in Spirit Realty Capital, Inc. (NYSE:SRC) at the end of the second quarter, up from 18 funds a quarter earlier.
4. MGM Growth Properties LLC (NYSE:MGP)
Full18 Capital Stake Value: $1,680,000
Percentage of Full18 Capital’s 13F Portfolio: 0.69%
Number of Hedge Fund Holders: 29
Dividend Yield: 5.22%
MGM Growth Properties LLC (NYSE:MGP), a real estate investment trust, is among the list of 10 dividend stocks to buy now according to Allon Hellmann’s Full18 Capital. On November 4, the company posted earnings for the third fiscal quarter, reporting funds from operations of $0.65 beating market predictions by $0.06. However, the revenue was $194.3 million over the period missing the estimates by $5.42 million. It also announced a monthly dividend of $0.52 per share, in line with previous.
The stock is a new arrival on Hellmann’s portfolio, as his hedge fund bought about 45,890 shares of the company, worth $1.68 million. Full18 Capital’s stake in MGM Growth Properties LLC is paying off, as the company stock is up by 37.12% over the past 12 months. On September 28, MGM Growth was downgraded to “Sector Weight” from “Overweight,” by KeyBanc analyst Todd Thomas due to the impending takeover by VICI Properties.
Out of the hedge funds being tracked by Insider Monkey, Citadel Investment Group is a leading shareholder in MGM Growth Properties LLC (NYSE:MGP) with 3.30 million shares worth more than $120.87 million.
3. OneMain Holdings, Inc. (NYSE:OMF)
Full18 Capital Stake Value: $2,732,000
Percentage of Full18 Capital’s 13F Portfolio: 1.13%
Number of Hedge Fund Holders: 41
Dividend Yield: 5.3%
Full18 Capital holds 45,594 shares in OneMain Holdings, Inc. (NYSE:OMF) worth over $2.73 million, representing 1.13% of their portfolio. The hedge fund has increased its stake in the firm by 19% in the second quarter of 2021.
In the third quarter of 2021, the company posted an EPS of $2.37 surpassing the estimates by $0.09. On October 22, BMO Capital analyst James Fotheringham lowered his price target on OneMain Holdings to $60 from $65 and kept a “Market Perform” rating on the shares. According to the analyst, the company’s Q3 results exceeded expectations due to solid installment loan demand and progress on expansion operations, even though loan returns are down and operational costs are rising faster than projected.
OneMain Holdings, Inc. (NYSE:OMF) saw a decrease in hedge fund sentiment recently. The number of long hedge fund positions declined to 41 at the end of the second quarter compared to 43 positions in the previous quarter.
2. Patria Investments Limited (NASDAQ:PAX)
Full18 Capital Stake Value: $2,227,000
Percentage of Full18 Capital’s 13F Portfolio: 0.92%
Number of Hedge Fund Holders: 15
Dividend Yield: 10.02%
Patria Investments Limited (NASDAQ:PAX), a private market investment business, features on the list of 10 dividend stocks to buy now according to Allon Hellmann’s Full18 Capital. Out of the hedge funds tracked by Insider Monkey, Phill Gross and Robert Atchinson’s Adage Capital Management has the number one position in Patria Investments Limited (NASDAQ:PAX) with 2.49 million shares worth close to $43.88 million, corresponding to 0.08% of its total 13F portfolio.
Patria Investments Limited recently announced a quarterly dividend of $0.463 per share, an increase of 336.8% from the prior dividend of $0.106 per share.
At the end of the second quarter of 2021, 15 hedge funds in the database of Insider Monkey held stakes worth $160.24 million in Patria Investments Limited (NASDAQ:PAX), down from 19 the preceding quarter worth $192.92 million.
1. Sculptor Capital Management, Inc. (NYSE:SCU)
Full18 Capital Stake Value: $3,148,000
Percentage of Full18 Capital’s 13F Portfolio: 1.3%
Number of Hedge Fund Holders: 19
Dividend Yield: 11.9%
Sculptor Capital Management, Inc. (NYSE:SCU), a worldwide alternative asset management firm, is one of the 10 dividend stocks to buy now according to Allon Hellmann’s Full18 Capital. The company announced a quarterly dividend of $0.54 per share, an 80% increase from the previous dividend of $0.30.
As of the second quarter of 2021, Full18 Capital owns approximately 128,037 shares in Sculptor Capital Management, Inc., worth $3.15 million. The company accounts for 1.3% of the hedge fund’s 13F portfolio. On November 5, Citi analyst William Katz lowered his price target on Sculptor Capital to $43.50 from $55 and maintained a “Buy” rating on the shares.
As of Q2 2021, 19 hedge funds have positions in Sculptor Capital Management, Inc. (NYSE:SCU), compared with 17 in the previous quarter.
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