In this article, we discuss the 5 stocks that billionaire Leon Cooperman is selling. If you want to read our detailed analysis of these stocks, go directly to Billionaire Leon Cooperman Is Selling These 10 Stocks.
5. Barings BDC, Inc. (NYSE:BBDC)
Number of Hedge Fund Holders: 15
Percentage Decrease in Stake During Q3: 36%
Barings BDC, Inc. (NYSE:BBDC) is an investment firm based in North Carolina. Regulatory filings show that Omega Advisors owned 733,439 shares in the company at the end of the third quarter of 2021 worth over $8 million, representing 0.42% of the portfolio.
On October 7, investment advisory Oppenheimer initiated coverage of Barings BDC, Inc. (NYSE:BBDC) stock with an Outperform rating and a price target of $12. Analyst Mitchel Penn issued the ratings update.
Among the hedge funds being tracked by Insider Monkey, Boston-based investment firm Callodine Capital Management is a leading shareholder in Barings BDC, Inc. (NYSE:BBDC) with 650,000 shares worth more than $7.1 million.
4. Arbor Realty Trust, Inc. (NYSE:ABR)
Number of Hedge Fund Holders: 18
Percentage Decrease in Stake During Q3: 5%
Arbor Realty Trust, Inc. (NYSE:ABR) is a New York-based real estate investment trust. The company has an impressive dividend history and recently declared a quarterly dividend of $0.36 per share, an increase of close to 3% from the previous dividend of $0.35 per share. The forward yield was 7.22%.
According to the latest data, Omega Advisors owned 2.2 million shares in Arbor Realty Trust, Inc. (NYSE:ABR) at the end of September 2021 worth $42 million, representing 2.22% of the portfolio.
At the end of the second quarter of 2021, 18 hedge funds in the database of Insider Monkey held stakes worth $109 million in Arbor Realty Trust, Inc. (NYSE:ABR), down from 21 in the previous quarter worth $103 million.
3. Trinity Industries, Inc. (NYSE:TRN)
Number of Hedge Fund Holders: 20
Percentage Decrease in Stake During Q3: 4%
Trinity Industries, Inc. (NYSE:TRN) provides rail transportation services. Securities filings show that Omega Advisors owned 1.9 million shares in the company at the end of the third quarter of 2021 worth $52 million, representing 2.80% of the portfolio.
Susquehanna analyst Bascome Majors has a Positive rating on Trinity Industries, Inc. (NYSE:TRN) stock with a price target of $36. The analyst noted that the fundamentals of the rail industry were improving faster than expected and the firm stood to benefit from this trend.
Among the hedge funds being tracked by Insider Monkey, California-based investment firm ValueAct Capital is a leading shareholder in Trinity Industries, Inc. (NYSE:TRN) with 15 million shares worth more than $407 million.
2. Arctos NorthStar Acquisition Corp. (NYSE:ANAC)
Number of Hedge Fund Holders: N/A
Percentage Decrease in Stake During Q3: 100%
Arctos NorthStar Acquisition Corp. (NYSE:ANAC) is a special purpose acquisition company based in Texas. It went public in February this year and raised $316 million at the initial offering.
Arctos NorthStar Acquisition Corp. (NYSE:ANAC) aims to effect mergers in the media, sports, and entertainment industries. Theo Epstein is the CEO of the firm.
1. Liberty Media Acquisition Corporation (NASDAQ:LMACA)
Number of Hedge Fund Holders: N/A
Percentage Decrease in Stake During Q3: 100%
Liberty Media Acquisition Corporation (NASDAQ:LMACA) is another SPAC that Cooperman exited completely in the third quarter. The SPAC had gone public in January this year, raising $575 million at the initial offering.
Liberty Media Acquisition Corporation (NASDAQ:LMACA) concentrates on merges in the music and entertainment industries.
Among the hedge funds being tracked by Insider Monkey, Boston-based investment firm Baupost Group is a leading shareholder in Liberty Media Acquisition Corporation (NASDAQ:LMACA) with 3.2 million shares worth more than $32 million.
You can also take a peek at 10 Companies that Benefit From Crypto Mining and 12 Best Artificial Intelligence Stocks To Invest In Right Now.
