In this article, we discuss the 5 new stock picks of billionaire Mario Gabelli. If you want to read our detailed analysis of these stocks, go directly to the 10 New Stock Picks of Billionaire Mario Gabelli.
5. Compass Diversified (NYSE:CODI)
Number of Hedge Fund Holders: 4
Compass Diversified (NYSE:CODI) is a private equity firm based in Illinois. Regulatory filings show that GAMCO Investors owned 62,010 shares in the company at the end of the third quarter of 2021 worth over $1.7 million, representing a very small portion of the portfolio.
Oppenheimer analyst Mitchel Penn recently initiated coverage of Compass Diversified (NYSE:CODI) stock with a Perform rating and a price target of $32. The firm beat market expectations on earnings for the third quarter.
Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Royce & Associates is a leading shareholder in Compass Diversified (NYSE:CODI) with 1.1 million shares worth more than $32 million.
4. Itamar Medical Ltd. (NASDAQ:ITMR)
Number of Hedge Fund Holders: 11
Itamar Medical Ltd. (NASDAQ:ITMR) is a medical technology company. The stock has surged since another medical tech firm, ZOLL Medical Corporation, announced in mid-September that it would be taking over Itamar for $538 million at a price of $31 per ADS. This represented a premium of 50% over the price of Itamar stock the day the takeover was agreed upon.
According to the latest data, GAMCO Investors owned 42,854 shares in Itamar Medical Ltd. (NASDAQ:ITMR) at the end of September 2021 worth $1.2 million, representing less than 0.01% of the portfolio of the fund.
At the end of the second quarter of 2021, 11 hedge funds in the database of Insider Monkey held stakes worth $91 million in Itamar Medical Ltd. (NASDAQ:ITMR), down from 13 in the previous quarter worth $90 million.
3. Sanderson Farms, Inc. (NASDAQ:SAFM)
Number of Hedge Fund Holders: 33
Sanderson Farms, Inc. (NASDAQ:SAFM) is an integrated poultry processing firm. Securities filings show that GAMCO Investors owned 12,692 shares in the company at the end of the third quarter of 2021 worth $2.3 million, representing 0.02% of the portfolio.
On August 24, investment advisory Barclays kept an Equal Weight rating on Sanderson Farms, Inc. (NASDAQ:SAFM) stock and raised the price target to $203 from $175. Analyst Benjamin Theurer issued the ratings update.
Among the hedge funds being tracked by Insider Monkey, Illinois-based firm Magnetar Capital is a leading shareholder in Sanderson Farms, Inc. (NASDAQ:SAFM) with 775,742 shares worth more than $145 million.
2. Johnson Outdoors Inc. (NASDAQ:JOUT)
Number of Hedge Fund Holders: 14
Johnson Outdoors Inc. (NASDAQ:JOUT) makes and sells leisure products. In earnings results for the third fiscal quarter, posted in August, the firm reported earnings per share of $2.83, beating estimates by $0.33. The revenue over the period was $213 million, up 54% year-on-year.
GAMCO Investors owned 17,006 shares in Johnson Outdoors Inc. (NASDAQ:JOUT) at the end of September 2021 worth $1.7 million, representing 0.01% of the portfolio.
At the end of the second quarter of 2021, 14 hedge funds in the database of Insider Monkey held stakes worth $112 million in Johnson Outdoors Inc. (NASDAQ:JOUT), up from 11 in the preceding quarter worth $130 million.
1. Kadmon Holdings, Inc. (NASDAQ:KDMN)
Number of Hedge Fund Holders: 24
Kadmon Holdings, Inc. (NASDAQ:KDMN) is a biopharmaceutical firm. At the end of the third quarter of 2021, GAMCO Investors owned 238,292 shares in the company worth $2 million, representing 0.01% of the portfolio.
Kadmon Holdings, Inc. (NASDAQ:KDMN) stock has almost doubled in value since early September following an announcement that the company was set to be taken over by drug giant Sanofi in a deal worth almost $2 billion.
Among the hedge funds being tracked by Insider Monkey, Connecticut-based investment firm Point72 Asset Management is a leading shareholder in Kadmon Holdings, Inc. (NASDAQ:KDMN) with 14.4 million shares worth more than $126 million.
You can also take a peek at 10 Cheap Small-Cap Stocks to Buy and 10 Penny Stocks with Upcoming Growth Catalysts.
