Wasatch Micro Cap Fund recently released its Q3 2020 Investor Letter, a copy of which you can download here. The fund posted a return of 12.2% for the quarter, outperforming its benchmark, the Russell Microcap Index which returned 3.69% in the same quarter. You should check out Wasatch’s top 5 stock picks for investors to buy right now, which could be the biggest winners of 2021.
In the Q3 2020 Investor Letter, Wasatch highlighted a few stocks and Paysign Inc. (NASDAQ:PAYS) is one of them. Paysign Inc. (NASDAQ:PAYS) IT service management company. Year-to-date, Paysign Inc. (NASDAQ:PAYS) stock lost 52.4% and on December 24th it had a closing price of $4.83. Here is what Wasatch said:
“Paysign, Inc. (PAYS) was also a significant detractor. The company provides prepaid-card programs and processing services for corporate, consumer and government applications. Total revenues at Paysign slipped -25% in the three months ended June 30 versus the same period a year ago. Management cited a 30% drop in revenue from the blood-plasma industry, as fears of contracting Covid-19 led to steep declines in plasma donations and dollars loaded onto the cards of paid donors. Extended unemployment benefits and stimulus payments from the government also may have impacted donations by lessening the economic imperatives for donors to sell their plasma. We believe these issues are shortterm in nature and continue to hold the stock.”
In Q3 2020, the number of bullish hedge fund positions on Paysign Inc. (NASDAQ:PAYS) stock remained unchanged from the previous quarter (see the chart here). Our calculations showed that Paysign Inc. (NASDAQ:PAYS) isn’t ranked among the 30 most popular stocks among hedge funds.
The top 10 stocks among hedge funds returned 216% since the end of 2014 and outperformed the S&P 500 Index ETFs by more than 121 percentage points. We know it sounds unbelievable. You have been dismissing our articles about top hedge fund stocks mostly because you were fed biased information by other media outlets about hedge funds’ poor performance. You could have doubled the size of your nest egg by investing in the top hedge fund stocks instead of dumb S&P 500 ETFs. Below you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.
Video: Top 5 Stocks Among Hedge Funds
At Insider Monkey we scour multiple sources to uncover the next great investment idea. For example, Federal Reserve has been creating trillions of dollars electronically to keep the interest rates near zero. We believe this will lead to inflation and boost real estate prices. So, we recommended this real estate stock to our monthly premium newsletter subscribers. We go through lists like the 10 most profitable companies in the world to pick the best large-cap stocks to buy. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our website:
Disclosure: None. This article is originally published at Insider Monkey.
