5 Stocks to Buy According to Daniel Kim’s Blackcrane Capital

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In this article, we take a look at 5 stocks to buy according to Daniel Kim’s Blackcrane Capital. If you want to see our detailed analysis of Blackcrane Capital’s performance over the years, go directly to 14 Stocks to Buy According to Daniel Kim’s Blackcrane Capital.

At Insider Monkey, we scour multiple sources to uncover the next great investment idea. Lithium prices have more than doubled over the past year, so we are checking out this emerging lithium stock. We go through lists like the 10 best growth stocks to buy to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our homepage. Now let’s take a look at Blackcrane Capital’s top 5 stock picks:

5. Avita Medical Limited (NASDAQ:RCEL)

Stake Value of Blackcrane Capital: $8,581,000

Percentage of Blackcrane Capital’s 13F Portfolio: 10.47%

Number of Hedge Fund Holders: 9

Avita Medical Limited (NASDAQ:RCEL) operates as a commercial-stage regenerative tissue company in the United States, Australia, and the United Kingdom. It offers regenerative products to address unmet medical needs in burn injuries, trauma injuries, chronic wounds, and dermatological and aesthetics indications, including vitiligo. Avita Medical Limited (NASDAQ:RCEL) was incorporated in 2000 and is based in Valencia, California.

This August, Piper Sandler analyst Matt O’Brien reiterated an Overweight rating on the stock with a $27 price target.

As of the second quarter of 2021, Mr. Kim owns stakes worth 8.58 million in Avita Medical Limited (NASDAQ:RCEL). There are a total of 9 hedge funds including Blackcrane Capital that have a combined stake value of $64.3 million in the company. This is compared to 12 positions in the previous quarter with stakes worth $77.3 million.

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