5 Oversold MidCap Stocks To Buy Now

2. McGrath RentCorp (NASDAQ:MGRC)

Number of Q4 2023 Hedge Fund Shareholders: 16

Latest RSI Score: 17.97

McGrath RentCorp (NASDAQ:MGRC) is a rental company that provides storage, electronics, and other items to businesses only. The firm is currently being bought for a $3.8 billion price tag by WillScot Mobile and the deal is expected to close by Q2 2024 end.

Two quarters prior, 16 out of the 933 hedge funds covered by Insider Monkey’s survey had invested in the firm. McGrath RentCorp (NASDAQ:MGRC)’s largest hedge fund investor is Richard Driehaus’s Driehaus Capital due to its $17.6 million investment.

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