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.
4. Profound Medical Corp. (NASDAQ:PROF)
Stake Value of Blackcrane Capital: $8,878,000
Percentage of Blackcrane Capital’s 13F Portfolio: 10.83%
Number of Hedge Fund Holders: 11
Profound Medical Corp. (NASDAQ:PROF), together with its subsidiaries, operates as a medical technology company that develops magnetic resonance-guided ablation procedures for the treatment of prostate disease, uterine fibroids, and palliative pain treatment in Canada, Germany, the United States, and Finland. Profound Medical Corp. (NASDAQ:PROF) is headquartered in Mississauga, Canada.
By the end of the second quarter of 2021, 11 hedge funds out of the 873 tracked by Insider Monkey held stakes in Profound Medical Corp. (NASDAQ:PROF). The total value of these stakes was $66.66 million. This is compared to 14 hedge funds in the previous quarter, with total stakes valued at $88.75 million.
3. NICE Ltd (NASDAQ:NICE)
Stake Value of Blackcrane Capital: $10,240,000
Percentage of Blackcrane Capital’s 13F Portfolio: 12.5%
Number of Hedge Fund Holders: 22
NICE Ltd (NASDAQ:NICE) provides enterprise software solutions worldwide. The company operates in two segments, Customer Engagement, and Financial Crime and Compliance. NICE Ltd (NASDAQ:NICE) was founded in 1986 and is based in Ra’anana, Israel.
This September, JMP Securities analyst Patrick Walravens raised his price target on NICE Ltd (NASDAQ:NICE) to $343 from $302 and reiterated an Outperform rating on the shares.
By the end of the second quarter of 2021, 22 hedge funds out of the 873 present in Insider Monkey’s database held stakes in NICE Ltd (NASDAQ:NICE).
2. Ferguson plc (NYSE:FERG)
Stake Value of Blackcrane Capital: $13,602,000
Percentage of Blackcrane Capital’s 13F Portfolio: 16.6%
Number of Hedge Fund Holders: 11
Ferguson plc (NYSE:FERG) is a British multinational plumbing and heating products distributor with its head office in Wokingham, England.
Ferguson plc (NYSE:FERG) is the newest addition to Daniel Kim’s Blackcrane Capital. According to the latest filings, Mr. Kim owns over 97,000 shares of the company which amounts to a total stake value of $13.6 million. The investment covers an impressive 16.6% of Blackcrane Capital’s 13F portfolio.
By the end of the second quarter of 2021, 11 hedge funds out of the elite 873 funds tracked by Insider Monkey held stakes in Ferguson plc (NYSE:FERG). The value of these stakes came out at $6.87 billion. This is compared to 5 positions in the first quarter of 2021, with stakes worth $1.64 billion.
The share price for Ferguson plc (NYSE:FERG) has gone up by 13.07% over the past six months, and 17.44% year to date.
1. Wix.Com Ltd (NASDAQ:WIX)
Stake Value of Blackcrane Capital: $14,084,000
Percentage of Blackcrane Capital’s 13F Portfolio: 17.19%
Number of Hedge Fund Holders: 35
Wix.Com Ltd (NASDAQ:WIX), together with its subsidiaries, develops and markets a cloud-based platform that enables anyone to create a website or web application in North America, Europe, Latin America, Asia, and internationally. As of December 31, 2019, the company had approximately 165 million registered users and 4.5 million premium subscriptions. Wix.Com Ltd (NASDAQ:WIX) was founded in 2006 and is headquartered in Tel Aviv, Israel.
This September, Piper Sandler analyst Clarke Jeffries initiated coverage of Wix.Com Ltd (NASDAQ:WIX) with a Neutral rating and a $252 price target.
According to Q2 filings, Mr. Kim has stakes in excess of $14 million in Wix.Com Ltd (NASDAQ:WIX). The investment covers an astounding 17.19% of Mr. Kim’s 13F portfolio.
You can also take a look at Eagle Capital’s Top 10 Stock Picks and Billionaire Nicholas Pritzker’s Tao Capital’s Best Stock Ideas.
