In this article, we discuss the 5 high dividend stocks to buy according to billionaire Lee Cooperman. If you want to read our detailed analysis of these stocks, go directly to the 10 High Dividend Stocks to Buy According to Billionaire Lee Cooperman.
5. Owl Rock Capital Corporation (NYSE:ORCC)
Number of Hedge Fund Holders: 14
Forward Dividend Yield: 8.86%
Owl Rock Capital Corporation (NYSE:ORCC) is a business development firm based in New York. The firm recently bought a major stake in PCF Insurance Services in a deal that valued the firm at more than $2.2 billion.
The hedge fund of Lee Cooperman entered the fourth quarter of 2021 with more than 112,000 shares of Owl Rock Capital Corporation (NYSE:ORCC) in the portfolio worth more than $1.5 million.
At the end of the third quarter of 2021, 14 hedge funds in the database of Insider Monkey held stakes worth $180 million in Owl Rock Capital Corporation (NYSE:ORCC), compared to 15 the preceding quarter worth $298 million.
4. Chimera Investment Corporation (NYSE:CIM)
Number of Hedge Fund Holders: 16
Forward Dividend Yield: 8.92%
Chimera Investment Corporation (NYSE:CIM) operates as a real estate investment trust. Omega Advisors, as of the end of September, had over 3.3 million shares of the company worth $50 million in the portfolio.
Chimera Investment Corporation (NYSE:CIM) posted earnings for the third quarter in early November, reporting earnings per share of $0.42, beating estimates by $0.05. The revenue over the period was $149 million, up 21% year-on-year.
At the end of the third quarter of 2021, 16 hedge funds in the database of Insider Monkey held stakes worth $155 million in Chimera Investment Corporation (NYSE:CIM), the same as in the preceding quarter worth $105 million.
3. First Eagle Alternative Capital BDC, Inc. (NASDAQ:FCRD)
Number of Hedge Fund Holders: 5
Forward Dividend Yield: 8.93%
In the filings for the third quarter, Cooperman’s fund detailed that it owned 2.1 million shares of First Eagle Alternative Capital BDC, Inc. (NASDAQ:FCRD) worth $9.3 million, representing 0.49% of the portfolio. First Eagle is a business development firm.
First Eagle Alternative Capital BDC, Inc. (NASDAQ:FCRD) has a market cap of $134 million and posted over $29 million in revenue last year. The company is headquartered in Boston and was founded in 2009.
Among the hedge funds being tracked by Insider Monkey, Boston-based investment firm Arrowstreet Capital is a leading shareholder in First Eagle Alternative Capital BDC, Inc. (NASDAQ:FCRD) with 193,129 shares worth more than $852,000.
2. Ellington Financial Inc. (NYSE:EFC)
Number of Hedge Fund Holders: 10
Forward Dividend Yield: 10.94%
Ellington Financial Inc. (NYSE:EFC) purchases and manages mortgage-based financial assets. The firm has been paying dividends consistently for the last decade and recently declared a monthly dividend of $0.15 per share, in line with previous.
Latest filings show that Omega Advisors is long on more than 760,000 shares in Ellington Financial Inc. (NYSE:EFC) worth $13.9 million, representing 0.73% of the portfolio.
Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Millennium Management is a leading shareholder in Ellington Financial Inc. (NYSE:EFC) with 1.1 million shares worth more than $21 million.
1. Falcon Minerals Corporation (NASDAQ:FLMN)
Number of Hedge Fund Holders: 19
Forward Dividend Yield: 13.84%
Falcon Minerals Corporation (NASDAQ:FLMN) owns mineral, royalty, and overriding royalty interests in oil and natural gas properties. According to latest 13F data, the fund holds a stake in the firm worth more than $8.2 million, consisting of over 1.7 million shares.
In October, Piper Sandler analyst Pearce Hammond raised the price target on Falcon Minerals Corporation (NASDAQ:FLMN) stock to $6.5 from $5 and kept an Overweight rating, noting the mineral sector was an “attractive yield vehicle” amid high energy prices.
At the end of the third quarter of 2021, 19 hedge funds in the database of Insider Monkey held stakes worth $43 million in Falcon Minerals Corporation (NASDAQ:FLMN), compared to 25 in the preceding quarter worth $42 million.
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