Ravi Chopra’s Azora Capital’s Top 5 Stock Picks

1. BrightSphere Investment Group Inc. (NYSE:BSIG)

Azora Capital’s Stake Value: $55,788,000

Percentage of Azora Capital’s 13F Portfolio: 8.67%

Number of Hedge Fund Holders: 29

Ranking first on our list of Ravi Chopra’s Azora Capital’s top stock picks is BrightSphere Investment Group Inc. (NYSE:BSIG), which is an American holding company specializing in financial services. Headquartered in Boston, Massachusetts, BrightSphere Investment Group Inc. (NYSE:BSIG) owns several financial services and money management companies, and serves customers worldwide with investment advisory and wealth management consultancy. 

Chopra owns 2.38 million shares in BrightSphere Investment Group Inc. (NYSE:BSIG), worth $55.78 million, making up 8.67% of Chopra’s Q2 portfolio. 

At the end of June, 29 hedge funds were bullish on BrightSphere Investment Group Inc. (NYSE:BSIG), up from 26 in Q1. 

On October 28, BrightSphere Investment Group Inc. (NYSE:BSIG) announced earnings for Q3. The EPS was $0.28, missing estimates by -$0.01. The actual revenue for BrightSphere Investment Group Inc. (NYSE:BSIG) stood at $117.40 million, beating estimates by $4.40 million. 

Here is what Third Avenue Management has to say about Brightsphere Investment Group Inc. in its Q2 2021 investor letter:

“The time-arbitrage/special-situations bucket predominantly comprises other out-of-favor, misunderstood companies such as BrightSphere. This company is cyclical and currently out of favor, but given its strong financial positions, Fund Management believes they have the luxury of time and capital to invest and grow until the clouds dissipate.”

You can also take a look at 11 Best High Dividend Stocks Under $50 and 11 Best Hotel Stocks To Invest In.

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