Should You Consider Investing in South Jersey Industries (SJI)?

Diamond Hill Capital, an investment management firm, published its “Diamond Hill Small Cap Fund” first-quarter 2022 investor letter – a copy of which can be downloaded here. Diamond Hill invests on behalf of clients through a shared commitment to its valuation-driven investment principles, long-term perspective, capacity discipline, and client alignment. Amid a rocky market environment, the portfolio’s negative returns still outpaced the Russell 2000 Index by a healthy margin in Q1.  Try to take some time looking at the fund’s top 5 holdings to be informed about their best picks for 2022.

In its Q1 2022 investor letter, Diamond Hill Small Cap Fund mentioned South Jersey Industries, Inc. (NYSE:SJI) and explained its insights for the company. Founded in 1910, South Jersey Industries, Inc. (NYSE:SJI) is a Folsom, New Jersey-based publicly held energy services holding company with a $4.1 billion market capitalization. South Jersey Industries, Inc. (NYSE:SJI) delivered a 29.67% return since the beginning of the year, while its 12-month returns are up by 28.15%. The stock closed at $33.87 per share on July 08, 2022. 

Here is what Diamond Hill Small Cap Fund has to say about South Jersey Industries, Inc. (NYSE:SJI) in its Q1 2022 investor letter:

“Natural gas utility South Jersey Industries received a boost when it accepted an offer from a privately held infrastructure fund to purchase the company at a 53% premium to its prior close. The price offered was consistent with our own long-term view of the company.”

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Our calculations show that South Jersey Industries, Inc. (NYSE:SJI) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. South Jersey Industries, Inc. (NYSE:SJI) was in 36 hedge fund portfolios at the end of the first quarter of 2022, compared to 13 funds in the previous quarter. South Jersey Industries, Inc. (NYSE:SJI) delivered a -1.54% return in the past 3 months.

In June 2022, we also shared another hedge fund’s views on South Jersey Industries, Inc. (NYSE:SJI) in another article. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q1 page.

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