Jim Cramer and Hedge Funds Agree on These 5 Stocks

2. Vertex Energy, Inc. (NASDAQ:VTNR)

Number of Hedge Fund Holders in Q1 2022: 21

Number of Hedge Fund Holders in Q4 2021: 18 

Vertex Energy, Inc. (NASDAQ:VTNR) is an environmental services firm. Cramer gave the stock a Buy recommendation during the Lightning Round segment of his show on May 18. In response to a question about his views on the company, Cramer said that he believed that the stock was poised to “go higher” in the coming months. 

Vertex Energy, Inc. (NASDAQ:VTNR) posted earnings for the first quarter of 2022 on May 10, reporting a revenue of more than $40 million, up more than 60% compared to the revenue over the same period last year. The adjusted net income during the time was $7.3 million. 

At the end of the first quarter of 2022, 21 hedge funds in the database of Insider Monkey held stakes worth $84 million in Vertex Energy, Inc. (NASDAQ:VTNR), up from 18 in the preceding quarter worth $39 million.