5 Stocks to Buy Now According to Wayne Yu’s BCK Capital

In this article, we discuss 5 stocks to buy now according to Wayne Yu’s BCK Capital. If you want to read our detailed analysis of Yu’s history, investment philosophy, and hedge fund performance, go directly to 10 Stocks to Buy Now According to Wayne Yu’s BCK Capital.

5. SPX FLOW, Inc. (NYSE:FLOW)

BCK Capital Stake Value: $5,475,000
Percentage of BCK Capital’s 13F Portfolio: 3.68%
Number of Hedge Fund Holders: 27

SPX FLOW, Inc. (NYSE:FLOW) provides process solutions for the nutrition, health, and industrial industries. Julian Mitchell, a Barclays analyst, boosted his price objective on SPX FLOW, Inc. (NYSE:FLOW) to $86 from $75 on January 4 and maintained an Equal Weight rating on the stock, citing his expectation that inflation will improve sales for multi-industry firms in Q4.

On February 10, SPX FLOW, Inc. (NYSE:FLOW) reported an EPS of $0.20 for the fiscal fourth quarter of 2021, falling short of estimates by $0.02. On the other hand, the company’s revenue for the quarter came in at $983.49 million, missing market estimates by $7.63 million.

BCK Capital holds 63,312 shares in SPX FLOW, Inc. (NYSE:FLOW) as of Q4 2021, valued at $5.48 million. The company accounts for 3.68% of the hedge fund’s 13F portfolio. Of the 27 hedge funds that were bullish on SPX FLOW, Inc. (NYSE:FLOW), Ian Simm’s Impax Asset Management is the leading stakeholder of the company, holding 1.61 million shares worth over $139.62 million.

Diamond Hill Capital, an investment management firm, in its third-quarter 2021 investor letter mentioned SPX FLOW, Inc. (NYSE:FLOW). Here is what the fund said:

“On an individual holdings’ basis, top contributors to return included SPX Flow. SPX Flow, a manufacturer of industrial flow control systems such as pumps, valves and mixers, benefited from news it had been approached by Ingersoll Rand about a possible acquisition. SPX rejected the proposal but is reviewing its strategic options, including interest from two other potential buyers. To us, this is a sign the market still undervalues this quality business but other strategic buyers see the value we do. We are confident management will either hold out for a price reflective of long-term intrinsic value or continue to execute as a standalone company, growing intrinsic value at an attractive rate for years to come.”