5 Cash-Rich Small Cap Stocks To Invest In

In this piece, we will take a look at the five cash rich small cap stocks to invest in. If you want to find out all the details about small cap investing, then check out 13 Cash-Rich Small Cap Stocks To Invest In.

5. Academy Sports and Outdoors, Inc. (NASDAQ:ASO)

Number of Hedge Fund Investors During Q3 2023: 30

Cash & Equivalents: $337 million

Academy Sports and Outdoors, Inc. (NASDAQ:ASO) is an American retailer that sells products used in outdoor leisure activities and sports. A draw down in discretionary spending has led to the firm missing analyst EPS estimates in two out of its four latest quarters. However, the shares are rated Strong Buy on average.

By the end of Q3 2023, 30 out of the 910 hedge funds covered by Insider Monkey’s research were Academy Sports and Outdoors, Inc. (NASDAQ:ASO)’s shareholders. Steve Cohen’s Point72 Asset Management owned the largest stake which was worth $72.3 million.