In this article, we will look at the 13 Cheap Mid-Cap Stocks to Add to Your Portfolio.
On June 24, CNBC reported that Federal Reserve chair Jerome Powell stated on Tuesday that he anticipates policymakers to stay on hold until it becomes clear what impact tariffs may have on prices. Powell is set to deliver remarks to two congressional committees this week.
Talking about the current circumstances, the chair stated that the labor market appears to be around full employment, and economic growth is strong. However, he also acknowledged that inflation is still lurking above the Fed’s target of 2% and that the possible effects of Trump’s tariffs are still murky.
“Policy changes continue to evolve, and their effects on the economy remain uncertain,” Powell said. “The effects of tariffs will depend, among other things, on their ultimate level.”
READ ALSO: 13 Best Long-Term Penny Stocks to Buy According to Analysts and 13 Small Cap Stocks Analysts Are Bullish On.
On inflation, he said that it is likely for the Fed’s preferred measure to move up to 2.3% in May, with the core measure rising to 2.6%, excluding energy and food. The April readings were 2.1% and 2.5%, respectively. He further stated that policymakers are “well positioned to wait to learn more about the likely course of the economy before considering any adjustments to our policy stance.”
Amid these uncertain trends in the market, let’s look at the 13 cheap mid-cap stocks to add to your portfolio.
An overhead view of a bustling stock exchange, highlighting the company’s presence in the financial markets.
Our Methodology
We used the Finviz stock screener to compile a list of mid cap stocks with a forward P/E below 15 and chose the top 13 with the highest number of hedge fund holders as of Q1 2025. We sourced the hedge fund data from Insider Monkey’s database. The list is arranged in ascending order of number of hedge fund holders for each stock.
Note: All data was sourced on June 24.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
13 Cheap Mid-Cap Stocks to Add to Your Portfolio
13. Old Republic International Corporation (NYSE:ORI)
Market Cap: $9.22 billion
Forward P/E: 11.76
Number of Hedge Fund Holders: 32
Old Republic International Corporation (NYSE:ORI) is one of the 13 Cheap Mid-Cap Stocks to Add to Your Portfolio. On April 28, Raymond James analyst Gregory Peters reiterated a Buy rating on Old Republic International Corporation (NYSE:ORI), raising the price target to $42 from $40.
The analyst told investors in a research note that the firm sees positive results with a relatively inexpensive stock valuation and an active capital management program.
The firm also stated that the operating outlook for Old Republic International Corporation (NYSE:ORI) is still strong over the coming two years. It considers the title segment as still an undervalued call option upon the housing market’s recovery.
Old Republic International Corporation (NYSE:ORI) engages in the insurance underwriting business and operates through the following segments: General Insurance, Title Insurance, Republic Financial Indemnity Group (RFIG) Run-Off, and Corporate and Other.
12. LKQ Corporation (NASDAQ:LKQ)
Market Cap: $9.59 billion
Forward P/E: 10.6
Number of Hedge Fund Holders: 33
LKQ Corporation (NASDAQ:LKQ) is one of the 13 Cheap Mid-Cap Stocks to Add to Your Portfolio. On June 24, LKQ Corporation (NASDAQ:LKQ) announced a joint venture between LKQ Europe and SYNETIQ Ltd., an IAA company. LKQ Europe distributes automotive aftermarket parts for commercial vans, cars, and industrial vehicles in Europe, while SYNETIQ is a UK-based vehicle dismantling, recycling, and salvage company.
LKQ Corporation (NASDAQ:LKQ) reported that the joint venture, named LKQ SYNETIQ, would bring together SYNETIQ’s expertise in dismantling, reusing, and remanufacturing and LKQ Europe’s data-driven logistics network and distribution reach.
Management stated that the joint venture is expected to be a key building block for the development of LKQ Europe’s salvage channel, along with its ability to comply with future EU Fit-for-55, End-of-Life Vehicle, and battery-recycling regulations. The venture would also position SYNETIQ to achieve its strategic goal of maximizing the financial and environmental potential of every vehicle.
LKQ Corporation (NASDAQ:LKQ) distributes vehicle products and parts for maintenance, repair, and accessorizing automobiles. The company operates in the following segments: Wholesale-North America, Europe, Specialty, and Self Service.
