In this article, we discuss the 5 stocks that Mario Gabelli is doubling down on. If you want to read our detailed analysis of these stocks, go directly to Mario Gabelli is Doubling Down on These 10 Stocks.
5. ZoomInfo Technologies Inc. (NASDAQ:ZI)
Number of Hedge Fund Holders: 35
Percentage Increase in Stake During Q3: 297%
ZoomInfo Technologies Inc. (NASDAQ:ZI) owns and runs a market intelligence and engagement platform. The company recently posted earnings for the third quarter, reporting earnings per share of $0.13, beating estimates by $0.01. The revenue over the period was $197 million, up 60% year-on-year.
According to the latest data, GAMCO Investors owned 44,403 shares in ZoomInfo Technologies Inc. (NASDAQ:ZI) at the end of September 2021 worth $2.7 million, representing less than 0.02% of the portfolio of the fund.
Among the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Citadel Investment Group is a leading shareholder in ZoomInfo Technologies Inc. (NASDAQ:ZI) with 2.6 million shares worth more than $136 million.
4. Perrigo Company plc (NYSE:PRGO)
Number of Hedge Fund Holders: 28
Percentage Increase in Stake During Q3: 218%
Perrigo Company plc (NYSE:PRGO) provides health and wellness solutions. Securities filings show that GAMCO Investors owned 30,835 shares in the company at the end of the third quarter of 2021 worth $1.4 million, representing 0.01% of the portfolio.
Perrigo Company plc (NYSE:PRGO) recently missed market expectations on earnings per share and revenue for the third quarter. Raymond James lowered the price target on the stock after the results and called them “disappointing” but maintained an Outperform rating.
At the end of the second quarter of 2021, 28 hedge funds in the database of Insider Monkey held stakes worth $457 million in Perrigo Company plc (NYSE:PRGO), down from 33 in the preceding quarter worth $397 million.
3. Bel Fuse Inc. (NASDAQ:BELFB)
Number of Hedge Fund Holders: 9
Percentage Increase in Stake During Q3: 178%
Bel Fuse Inc. (NASDAQ:BELFB) makes and sells electrical components. The company has a decent dividend history and recently declared a quarterly dividend of $0.07 per share, in line with previous. The forward yield was 1.94%.
GAMCO Investors owned 36,150 shares in Bel Fuse Inc. (NASDAQ:BELFB) at the end of September 2021 worth $449,000, representing a very small portion of the portfolio.
At the end of the second quarter of 2021, 9 hedge funds in the database of Insider Monkey held stakes worth $20 million in Bel Fuse Inc. (NASDAQ:BELFB), up from 8 in the preceding quarter worth $21 million.
2. CAI International, Inc. (NYSE:CAI)
Number of Hedge Fund Holders: 24
Percentage Increase in Stake During Q3: 170%
CAI International, Inc. (NYSE:CAI) is a California-based transportation finance firm. At the end of the third quarter of 2021, GAMCO Investors owned 107,724 shares in the company worth $6 million, representing 0.05% of the portfolio.
CAI International, Inc. (NYSE:CAI) stock has skyrocketed since June after a merger deal with Mitsubishi HC Capital worth $1.1 billion was announced. The stockholders of the company approved the deal in September.
At the end of the second quarter of 2021, 24 hedge funds in the database of Insider Monkey held stakes worth $210 million in CAI International, Inc. (NYSE:CAI), up from 17 in the preceding quarter worth $123 million.
1. Franklin Resources, Inc. (NYSE:BEN)
Number of Hedge Fund Holders: 30
Percentage Increase in Stake During Q3: 158%
Franklin Resources, Inc. (NYSE:BEN) is an asset management holding firm. The stock has soared in the past few weeks after the firm beat market estimates on earnings for the fourth fiscal quarter and also announced the acquisition of private equity firm Lexington Partners for $1.75 billion.
Regulatory filings show that GAMCO Investors owned 197,508 shares in Franklin Resources, Inc. (NYSE:BEN) at the end of the third quarter of 2021 worth over $5.8 million, representing 0.05% of the portfolio.
At the end of the second quarter of 2021, 30 hedge funds in the database of Insider Monkey held stakes worth $205 million in Franklin Resources, Inc. (NYSE:BEN), down from 31 in the previous quarter worth $198 million.
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