5 Best Stocks to Buy According to Ron Mass’ Almitas Capital

This article discusses the top 5 stock picks of Ronald Mass’ Almitas Capital at the end of June 2022. If you want to read about the fund’s history, the assets it invests in, its investment style and recent changes it has made to its portfolio, please go to 10 Best Stocks to Buy According to Ron Mass’ Almitas Capital.

5. PhenixFIN Corporation (NASDAQ:PFX)

Almitas Capital’s Stake Value: $3,637,000

Percentage of Almitas Capital’s 13F Portfolio: 1.88%

Number of Hedge Fund Holders: 1

Almitas Capital was the only hedge fund among funds tracked by Insider Monkey that held a stake in PhenixFIN Corporation (NASDAQ:PFX) at the end of the second quarter. Founded in 2010, PhenixFIN Corporation (NASDAQ:PFX) is a New York-based business development company. It invests primarily in privately negotiated debt and equity securities of small and middle market companies. However, over the past few years, it has not been making many new investments, and its stock price reflects that.

The company, formerly known as Medley Capital Corp., went for a 1 for 20 reverse stock split in 2020 after its stock went below the minimum price required to continue being listed on the NYSE. Shortly after that, it announced that it would change its name to PhenixFIN Corporation (NASDAQ:PFX) and transfer the listing of its common shares to the Nasdaq Global Market from the New York Stock Exchange. At the end of June 2022, the net asset value of PhenixFIN Corporation (NASDAQ:PFX) stood at $129.1 million, implying a close to 40% discount from its market capitalization of around $80 million.