5 High Growth Penny Stocks That Are Profitable

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1. Five Point Holdings, LLC (NYSE:FPH)

Latest YoY Quarterly Revenue Growth: 598.82%

Number of Hedge Fund Holders: 14

Sugar Land, Texas-based Five Point Holdings, LLC (NYSE:FPH) is one of the largest owners and developers of mixed-use communities in coastal California. Its three California mixed-use communities are Valencia (formerly Newhall Ranch) in Los Angeles County, and Candlestick / The SF Shipyard in San Francisco, and Great Park Neighborhoods in Orange County.

On January 18, Five Point Holdings, LLC (NYSE:FPH) released its financial results for Q4 2023. Its total revenues surged by 599% y-o-y to $119 million while it generated a net income of $59 million.

As of Q3 2023, 14 of the 933 hedge funds tracked by Insider Monkey owned Five Point Holdings, LLC (NYSE:FPH) shares worth $63.2 million. Christian Leone’s Luxor Capital Group was the largest hedge fund shareholder with ownership of 10.6 million shares valued at $32 million.

You may also like to read 11 Best Big Name Stocks to Buy Right Now and 15 Best Large-Cap Stocks to Buy in 2024

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