In this article, we discuss the top 5 stock picks of Prescott Group Capital Management. If you want to read our detailed analysis of Frohlich’s history, investment philosophy, and hedge fund performance, go directly to the Top 10 Stock Picks of Prescott Group Capital Management.
5. Rattler Midstream LP (NASDAQ:RTLR)
Prescott Group Capital Management Stake Value: $6,982,000
Percentage of Prescott Group Capital Management’s 13F Portfolio: 1.91%
Number of Hedge Fund Holders: 7
Rattler Midstream LP (NASDAQ:RTLR) is a West Texas-based midstream and energy-related infrastructure company that owns, operates, develops, and acquires energy-related assets in the Midland and Delaware Basins of the Permian Basin. In November, Rattler Midstream LP (NASDAQ:RTLR) declared a quarterly dividend of $0.25 per share, in line with the previous.
In the third quarter of 2021, Prescott Group Capital Management held 594,734 shares of Rattler Midstream LP (NASDAQ:RTLR). These were worth $6.98 million and accounted for 1.91% of its portfolio. During the same time, 7 out of the 867 hedge funds polled by Insider Monkey held stakes in Rattler Midstream LP (NASDAQ:RTLR), collectively amounting to $56.53 million.
4. New Oriental Education & Technology Group Inc. (NYSE:EDU)
Prescott Group Capital Management Stake Value: $9,389,000
Percentage of Prescott Group Capital Management’s 13F Portfolio: 2.57%
Number of Hedge Fund Holders: 32
New Oriental Education & Technology Group Inc. (NYSE:EDU), or simply New Oriental, is a Chinese company that provides private educational services. Yiheng Capital, with approximately 39.42 million shares worth $80.82 million, is the largest shareholder in New Oriental Education & Technology Group Inc. (NYSE:EDU) as of Q3 2021.
New Oriental Education & Technology Group Inc. (NYSE:EDU) is a new addition in Phil Frohlich’s third quarter portfolio, as Prescott Group Capital Management bought 4.58 million shares of the company, worth $9.39 million.
New Oriental Education & Technology Group Inc. (NYSE:EDU) recently saw a decrease in hedge fund sentiment. The number of long hedge fund positions declined to 32 at the end of the third quarter, compared to 39 positions in the previous quarter.
3. Nature’s Sunshine Products, Inc. (NASDAQ:NATR)
Prescott Group Capital Management Stake Value: $14,739,000
Percentage of Prescott Group Capital Management’s 13F Portfolio: 4.04%
Number of Hedge Fund Holders: 12
Nature’s Sunshine Products, Inc. (NASDAQ:NATR) is a multi-level marketer and maker of dietary supplements such as herbs, minerals, and vitamins, as well as hygiene products. Nature’s Sunshine Products, Inc.’s (NASDAQ:NATR) third-quarter EPS on November 4 came in at $0.24, beating consensus estimates by $0.06. In addition, the company’s net sales grew 14% to $114.7 million from $100.3 million in the same quarter last year.
Prescott Group Capital Management holds 1.01 million shares in Nature’s Sunshine Products, Inc. (NASDAQ:NATR) worth $14.74 million, representing 4.04% of its Q3 portfolio. The hedge fund has increased its stake in the firm by 30% in the third quarter of 2021.
Nature’s Sunshine Products, Inc. (NASDAQ:NATR) is getting the attention of the smart money, as 12 hedge funds tracked by Insider Monkey reported owning stakes in the company at the end of the third quarter, up from 11 funds a quarter earlier.
2. Civeo Corporation (NYSE:CVEO)
Prescott Group Capital Management Stake Value: $17,710,000
Percentage of Prescott Group Capital Management’s 13F Portfolio: 4.86%
Number of Hedge Fund Holders: 9
Civeo Corporation (NYSE:CVEO) is a worldwide corporation that provides lodging services in the United States. It is an Oil States International spin-off company. Out of the hedge funds being tracked by Insider Monkey, Horizon Asset Management is a leading shareholder in Civeo Corporation (NYSE:CVEO), with 3.48 million shares worth more than $78.34 million.
Prescott Group Capital Management began purchasing shares of Civeo Corporation (NYSE:CVEO) in the fourth quarter of 2020 and owns 787,481 shares worth $17.71 million as of Q3 2021. The company represents 4.86% of the hedge fund’s 13F portfolio for the third quarter.
In the third quarter, hedge fund sentiment decreased for Civeo Corporation (NYSE:CVEO). Insider Monkey’s data shows that 9 hedge funds held stakes in Civeo Corporation (NYSE:CVEO) at the end of the third quarter, down from 10 funds a quarter earlier.
1. Performant Financial Corporation (NASDAQ:PFMT)
Prescott Group Capital Management Stake Value: $49,838,000
Percentage of Prescott Group Capital Management’s 13F Portfolio: 13.68%
Number of Hedge Fund Holders: 13
In the United States, Performant Financial Corporation (NASDAQ:PFMT) offers technology-enabled audit, recovery, outsourcing customer support, and associated analytics services. Performant Financial Corporation’s (NASDAQ:PFMT) biggest investor is Phil Frohlich’s Prescott Group Capital Management. The hedge fund has a $49,838 million stake in the firm as of the third quarter of 2021.
Performant Financial Corporation (NASDAQ:PFMT) released their quarterly earnings report for the third quarter of 2021 in November, with reported revenue of $28.58 million, beating consensus-estimated revenue by $0.28 million.
The number of hedge funds tracked by Insider Monkey having stakes in Performant Financial Corporation (NASDAQ:PFMT) grew to 13 in Q3 2021, up from 10 funds in the preceding quarter. These stakes hold a consolidated value of $110.81 million, up from $85.30 million.
You can also take a peek at Top 10 Stock Picks of John Bader’s Halcyon Asset Management and Top 10 Stock Picks of NewGen Asset Management
