5 Stocks to Buy Today According to Phil Frohlich’s Prescott Group Capital Management

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1. Performant Financial Corporation (NASDAQ: PFMT)

Frohlich’s Stake Value: $47,045,000
Percentage of Phil Frohlich’s 13F Portfolio: 13.3%
Number of Hedge Fund Holders: 10

Performant Financial Corporation (NASDAQ: PFMT) offers technology-enabled audit, recovery, outsourcing customer, and associated analytics services. The company was incorporated in 1976 and is ranked first on the list of 10 stocks to buy today according to Phil Frohlich’s Prescott Group Capital Management. Shares of Performant Financial Corporation (NASDAQ: PFMT) surged 511.64% in the past 12 months. 

On August 17, Performant Financial Corporation (NASDAQ: PFMT) announced that it launched an underwritten offering in which it publicly offered 10.525 million common stock shares. The net proceeds from the public offering will go towards general corporate purposes and for working capital. On July 7, Craig-Hallum analyst George Sutton initiated coverage of Performant Financial Corporation (NASDAQ: PFMT) with a “Buy” rating and gave a price target of $10.

Prescott Group Capital Management holds 12.55 million shares in Performant Financial Corporation (NASDAQ: PFMT), worth $47.05 million, making it the leading shareholder of the company. Performant Financial Corporation (NASDAQ: PFMT) saw an increase in hedge fund sentiment recently. The number of hedge fund positions increased to 10 in the second quarter of 2021 compared to 7 positions in the previous quarter.

You can also take a peek at Top 10 Stocks to Buy Today According to Stephen Perkins’ Toronado Partners and 10 Best Defensive Stocks to Buy Today According to Billionaire Ken Fisher

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