5 Stocks to Buy According to James Morrow’s Callodine Capital Management

2. Radian Group Inc. (NYSE:RDN)

Callodine Capital Management’s Stake Value: $17,685,000
Percentage of Callodine Capital Management’s 13F Portfolio: 5.24%
Number of Hedge Fund Holders: 31

Radian Group Inc. (NYSE:RDN) supplies mortgage insurance and other services to the realtor and mortgage finance industries. On August 18, BofA analyst Mihir Bhatia upgraded Radian Group to ‘Neutral’ from ‘Underperform’ with a price objective of $24, up from $22.50, following a notable Q2 capital return.

Philadelphia-based Radian Group Inc. (NYSE:RDN) is one of the companies in which Callodine Capital Management increased its stake during the second quarter. The weightage of James Morrow’s hedge fund in Radian Group Inc. (NYSE:RDN) increased from 4.49% at the end of the first quarter of 2022 to 5.24% at the end of June. The hedge fund increased its stake in the firm by 43%, closing the second quarter with 900,000 shares of Radian Group Inc. (NYSE:RDN).

Radian Group Inc. (NYSE:RDN) was in 31 hedge fund portfolios at the end of the second quarter of 2022. There were 37 hedge funds in our database with Radian Group Inc. (NYSE:RDN) holdings at the end of the prior quarter. Radian Group Inc. (NYSE:RDN)’s largest shareholder is Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital, with 2.98 million shares worth $58.54 million.