In this article we discuss the 5 best cheap stocks to buy according to billionaire Mario Gabelli. If you want to read our detailed analysis of Gabelli‘s history and hedge fund performance, go directly to the 10 Best Cheap Stocks to Buy According to Billionaire Mario Gabelli.
5. Tredegar Corporation (NYSE: TG)
Number of Hedge Fund Holders: 9
Tredegar Corporation (NYSE: TG) is a Virginia-based plastic manufacturing company founded in 1955. It is ranked fifth on our list of 10 best cheap stocks to buy according to billionaire Mario Gabelli. The company stock has offered investors returns exceeding 4% in the past four weeks. GAMCO Investors holds more than 2.7 million shares in the manufacturing firm worth over $41 million, representing 0.36% of their investment portfolio. GAMCO has trimmed their Tredegar stake by 5% since last year.
Tredegar Corporation (NYSE: TG) is a solid option for income investors looking for a steady dividend payout. On May 6, the company declared a quarterly dividend of $0.12 per share, in line with previous. The forward yield was 3.11%.
Out of the hedge funds being tracked by Insider Monkey, Boston-based firm Arrowstreet Capital is a leading shareholder in Tredegar Corporation (NYSE: TG) with 304,805 shares worth more than $4.5 million.