Summers Value Partners, an investment management firm, published its “Summers Value Fund LP” first quarter 2021 investor letter – a copy of which can be downloaded here. A net return of 17.5% was delivered by the fund for the Q1 of 2021, outperforming its e Russell 2000 benchmark that delivered a 12.9% return, but below the Russell Micro-Cap Index that had a 24.0% gain in the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Summers Value Partners, in their Q1 2021 investor letter, mentioned Inotiv, Inc. (NASDAQ: NOTV) and shared their insights on the company. Inotiv, Inc. is a West Lafayette, Indiana-based nonclinical and analytical services provider that currently has a $213.9 million market capitalization. Since the beginning of the year, NOTV delivered a 56.26% return, extending its 12-month to 356.53%. As of April 21, 2021, the stock closed at $19.22 per share.
Here is what Summers Value Partners has to say about Inotiv, Inc. in their Q1 2021 investor letter:
“The biggest contributor in the first quarter was Inotiv (NOTV), which changed its name from Bioanalytical Systems (BASI) after its annual meeting in March. The stock price increased by 62% in the period as investors began to appreciate the company’s bright outlook. Inotiv announced a key executive hire in February with the addition of Greg Beattie as Chief Operating Officer. Mr. Beattie joined Inotiv following a long tenure at Charles River Labs (CRL). Insiders continued to purchase the stock in the open market during the quarter, which we viewed favorably. It was widespread insider buying in 2020 that originally attracted us to the stock.”
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Our calculations show that Inotiv, Inc. (NASDAQ: NOTV) does not belong in our list of the 30 Most Popular Stocks Among Hedge Funds. NOTV delivered a 28.48% return in the past 3 months.
The top 10 stocks among hedge funds returned 231.2% between 2015 and 2020, and outperformed the S&P 500 Index ETFs by more than 126 percentage points. We know it sounds unbelievable. You have been dismissing our articles about top hedge fund stocks mostly because you were fed biased information by other media outlets about hedge funds’ poor performance. You could have doubled the size of your nest egg by investing in the top hedge fund stocks instead of dumb S&P 500 ETFs. Here you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.
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Disclosure: None. This article is originally published at Insider Monkey.