Alden Global’s Top 5 Stock Picks

3. Euronav NV (NYSE:EURN)

Number of Hedge Fund Holders: 17

Euronav NV (NYSE:EURN) engages in the transportation and storage of crude oil. The stock has returned more than 36% to investors year-to-date. The firm owns and operates 77 vessels for business purposes, a large fleet by industry standards. It smashed market estimates on earnings per share and revenue in the second quarter. In late August, the company declared a quarterly dividend of $0.03 per share. 

Securities filings show that Alden Global Capital owned over 447,000 shares in Euronav NV (NYSE:EURN) at the end of June 2021 worth $4.1 million, representing 8.36% of the portfolio of the fund. 

Among the hedge funds being tracked by Insider Monkey, New York-based firm QVT Financial is a leading shareholder in Euronav NV (NYSE:EURN) with 1.5 million shares worth more than $14 million.