Is HMG/Courtland Properties (HMG) A Great Investment to Take?

Clark Street Value, an investment management firm, published its fourth-quarter 2021 investor letter – a copy of which can be seen here. An annual portfolio return of 74.99% was recorded by the fund for the year 2021, versus 28.71% for the S&P 500, and an IRR since the inception of 29.12%.  over the same period. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Clark Street Value, in its Q4 2021 investor letter, mentioned HMG/Courtland Properties, Inc. (NYSE: HMG) and discussed its stance on the firm. HMG/Courtland Properties, Inc. is a Miami, Florida-based real estate investment trust company with a $23.3 million market capitalization. HMG delivered a -2.13% return since the beginning of the year, while its 12-month returns are up by 105.77%. The stock closed at $23.00 per share on January 13, 2022.

Here is what Clark Street Value has to say about HMG/Courtland Properties, Inc. in its Q4 2021 investor letter:

“HMG/Courtland Properties Inc (HMG) is a nano cap liquidation where their largest asset is a newly developed Class A multi-family property in Fort Myers, FL.  The company recently released a proxy statement to approve the plan of liquidation and quoted a $20-$30/share liquidation value, the shares still trade in the middle of that range, but I think the value is closer to $30 (although I probably wouldn’t recommend initiating a position here, the liquidation may take a long time).”

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Our calculations show that HMG/Courtland Properties, Inc. (NYSE: HMG) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. HMG/Courtland Properties, Inc. (NYSE: HMG) delivered a 33.00% return in the past 3 months.

In July 2021, we published an article that includes HMG in the 5 Best Low Float Stocks to Buy Now. You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.