5 High Growth Micro-Cap Stocks to Buy According to Hedge Funds

In this article, we will look at 5 high growth micro-cap stocks to buy according to hedge funds. If you want to explore similar stocks, you can go to 10 High Growth Micro-Cap Stocks to Buy According to Hedge Funds.

5. Industrial Logistics Properties Trust (NASDAQ:ILPT)

Quarterly Revenue Growth YoY as of December 31, 2022: 88.22%

Number of Hedge Fund Holders: 13

Industrial Logistics Properties Trust (NASDAQ:ILPT) is an American real estate investment trust (REIT) that manages industrial and logistics properties across the United States. On February 14, Industrial Logistics Properties Trust (NASDAQ:ILPT) reported earnings for the fiscal fourth quarter of 2022. The company reported an FFO of $0.08 and generated a revenue of $106.34 million. The company grew its revenue by 88.22% year over year and outperformed revenue consensus by $1.82 million. Industrial Logistics Properties Trust (NASDAQ:ILPT) is one of the top high growth micro-cap stock picks of hedge funds.

At the close of Q4 2022, Industrial Logistics Properties Trust (NASDAQ:ILPT) was a part of 13 investors’ portfolios that held collective positions worth $23.1 million in the company. Of those, Citadel Investment Group was the largest shareholder in the company and had a position worth $4.3 million.

4. CVRx, Inc. (NASDAQ:CVRX)

Quarterly Revenue Growth YoY as of December 31, 2022: 96.17%

Number of Hedge Fund Holders: 10

CVRx, Inc. (NASDAQ:CVRX) is a commercial-stage medical device company, headquartered in Minneapolis, Minnesota. The company is involved in the design and development of neuromodulation solutions for patients with cardiovascular diseases. As of February 23, CVRx, Inc. (NASDAQ:CVRX) has returned 31.54% to investors over the past 6 months.

On January 26, CVRx, Inc. (NASDAQ:CVRX)  reported earnings for the fiscal fourth quarter of 2022. The company generated a revenue of $7.18 million, up 96.17% year over year, and outperformed Wall Street estimates by $198,800.

At the end of Q4 2022, CVRx, Inc. (NASDAQ:CVRX) was held by 10 hedge funds. These funds held collective stakes worth $40.9 million in the company, up from $25.5 million in the previous quarter with 8 positions. The hedge fund sentiment for the stock is positive.

As of December 31, Soleus Capital is the top investor in CVRx, Inc. (NASDAQ:CVRX) and has disclosed a position worth $18.6 million in the company. CVRx, Inc. (NASDAQ:CVRX) is ranked fourth on our list of the top high growth micro-cap stocks to buy according to hedge funds.

3. BlackSky Technology Inc. (NYSE:BKSY)

Quarterly Revenue Growth YoY as of September 30, 2022: 113.40%

Number of Hedge Fund Holders: 13

BlackSky Technology Inc. (NYSE:BKSY) offers a range of products and services related to geospatial intelligence, imagery, and data analytics, as well as mission systems. As of December 31, Cercano Management is the most prominent shareholder in BlackSky Technology Inc. (NYSE:BKSY) and has a position worth $15.3 million in the company.

BlackSky Technology Inc. (NYSE:BKSY) generated a revenue of $16.94 million during the fiscal third quarter of 2022. The company grew its revenue by 113.4% year over year and outperformed revenue expectations by $0.37 million. BlackSky Technology Inc. (NYSE:BKSY) is one of the top high growth micro-cap stocks hedge funds are piling into.

At the end of Q4 2022, 13 hedge funds were bullish on BlackSky Technology Inc. (NYSE:BKSY) and disclosed positions worth $24.7 million in the company. This is compared to 9 hedge funds in the previous quarter with stakes worth $8.7 million. The hedge fund sentiment for the stock is positive.

2. Ranger Energy Services, Inc. (NYSE:RNGR)

Quarterly Revenue Growth YoY as of September 30, 2022: 116.65%

Number of Hedge Fund Holders: 9

Ranger Energy Services, Inc. (NYSE:RNGR) is an American provider of oil and gas equipment and services. The company has three business divisions: High Specification Rigs, Wireline Services, and Processing Solutions & Ancillary Services. As of February 23, Ranger Energy Services, Inc. (NYSE:RNGR) has gained 22.22% over the past 6 months.

For the fiscal third quarter of 2022, Ranger Energy Services, Inc. (NYSE:RNGR) reported an EPS of $0.52 and outperformed EPS estimates by $0.17. The company generated a revenue of $177 million for the quarter, up 116.65% year over year and ahead of Wall Street expectations by $6 million. Ranger Energy Services, Inc. (NYSE:RNGR) is ranked second among the best high growth micro-cap stocks to buy now according to hedge funds.

At the end of the fourth quarter of 2022, 9 hedge funds were long Ranger Energy Services, Inc. (NYSE:RNGR) and disclosed collective positions worth $28 million in the company. This is compared to 5 positions in the previous quarter with stakes worth $21.1 million. The hedge fund sentiment for the stock is positive.

As of December 31, Encompass Capital Advisors is the most prominent shareholder in Ranger Energy Services, Inc. (NYSE:RNGR). The fund’s stake in the company is valued at $17.1 million.

1. Lesaka Technologies, Inc. (NASDAQ:LSAK)

Quarterly Revenue Growth YoY as of December 31, 2022: 337.32%

Number of Hedge Fund Holders: 5

Topping our list of the best high growth micro-cap stocks to buy now is Lesaka Technologies, Inc. (NASDAQ:LSAK). The company is an innovative fintech corporation that provides products and services to unbanked and underbanked individuals and small businesses in South Africa and across the globe. As of December 31, Hosking Partners is the largest investor in Lesaka Technologies, Inc. (NASDAQ:LSAK) and has disclosed a position worth $4.9 million in the company.

On February 7, Lesaka Technologies, Inc. (NASDAQ:LSAK) posted earnings for the fiscal second quarter of 2023, in which the company beat EPS estimates by $0.01. The company’s revenue for the quarter amounted to $136.07 million, up 337.32% year over year, and outperformed Wall Street consensus by $7.13 million. As of February 23, Lesaka Technologies, Inc. (NASDAQ:LSAK) has gained 5.47% year to date.

At the close of the fourth quarter of 2022, Lesaka Technologies, Inc. (NASDAQ:LSAK) was a part of 5 investors’ portfolios that held collective positions worth $14.5 million in the company. This is compared to 5 positions in the previous quarter with stakes worth $9.3 million.

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