In this article, we discuss the 5 best small-cap stocks to buy according to billionaire Mario Gabelli. If you want to read our detailed analysis of these companies, go directly to the 10 Best Small-Cap Stocks to Buy According to Billionaire Mario Gabelli.
5. Astec Industries, Inc. (NASDAQ:ASTE)
Market Cap: $1.53 Billion
Percentage of GAMCO Investors’ 13F Portfolio: 0.65%
Stake Value of GAMCO Investors: $74 Million
Ranking 5th on the list of best small-cap stocks to buy according to Billionaire Mario Gabelli is specialized equipment for road building manufacturer Astec Industries, Inc. (NASDAQ:ASTE). The Tennessee-based company was founded in 1972 and owns over sixteen brands of innovative rock to road-building products. In 2020, the company acquired Concrete Equipment Company, Inc. and BMH Systems, Inc., the acquisition will improve Astec’s capacity to meet the demands of their end-users.
The company has a market cap of $1.47 billion. The company recorded a net sales decrease of 1.5% to $284.4 million in the first quarter of 2021 as compared to the same period of 2020. The 52-week price range of Astec Industries, Inc. (NASDAQ:ASTE) is $41.29-80. The stock has gained 50% in the last twelve months.