5 Small-Cap Stocks to Buy During Recessions

In this article, we discuss 5 small-cap stocks to buy during recessions. If you want to read about some more small-cap stocks to buy during recessions, go directly to 10 Small-Cap Stocks to Buy During Recessions. 

5. Hanmi Financial Corporation (NASDAQ:HAFC)

Number of Hedge Fund Holders: 15    

Market Cap as of May 25: $694 million

Hanmi Financial Corporation (NASDAQ:HAFC) operates as a bank holding firm. Some of the services it offers include non-interest-bearing checking accounts, interest-bearing checking and savings accounts, negotiable order of withdrawal accounts, money market accounts, and certificates of deposit. The company runs 35 full-service branches and 8 loan production offices across the United States. It was founded in 1982 and is headquartered in Los Angeles. It employs over 500 people. 

Hanmi Financial Corporation (NASDAQ:HAFC) has been paying a dividend to shareholders consistently for the past eight years. On April 28, it declared a quarterly dividend of $0.22 per share, in line with previous. The forward yield was 3.71%. 

At the end of the first quarter of 2022, 15 hedge funds in the database of Insider Monkey held stakes worth $30 million in Hanmi Financial Corporation (NASDAQ:HAFC), up from 14 in the previous quarter worth $24 million.

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Millennium Management is a leading shareholder in Hanmi Financial Corporation (NASDAQ:HAFC), with 246,805 shares worth more than $6 million.