Bernzott Capital Advisors Expects Better Growth in HCI Group (HCI)

Bernzott Capital Advisors, an investment management company, released its “US Small Cap Value Strategy’’ second quarter 2022 investor letter. A copy of the same can be downloaded here. In the second quarter, on a net basis, the fund fell -17.73%, more than the R2000V’s decline of -15.28% and R2500V’s decline of -15.39%. Industrials and healthcare sectors contributed positively to the fund’s relative performance, whereas transportation, materials, and financials sectors hurt the fund’s performance.  In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.

Bernzott Capital Advisors discussed stocks like HCI Group, Inc. (NYSE:HCI) in the second quarter investor letter. Headquartered in Tampa, Florida, HCI Group, Inc. (NYSE:HCI) engages in diverse businesses like property and casualty insurance, reinsurance, real estate, and information technology. On September 8, 2022, HCI Group, Inc. (NYSE:HCI) stock closed at $48.39 per share. One-month return of HCI Group, Inc. (NYSE:HCI) was -16.76% and its shares lost 56.57% of their value over the last 52 weeks. HCI Group, Inc. (NYSE:HCI) has a market capitalization of $437.665 million.

Here is what Bernzott Capital Advisors specifically said about HCI Group, Inc. (NYSE:HCI) in its Q2 2022 investor letter:

“HCI Group, Inc. (NYSE:HCI): The company reported strong premium growth in 1Q and good expense management offset some weather-related losses in its core Florida market. Its TypTap unit posted strong premium growth and is poised for expansion into additional states.”

HCI Group, Inc. (NYSE:HCI) is not on the list of 30 Most Popular Stocks Among Hedge Funds. As per our database, HCI Group, Inc. (NYSE:HCI) was held by 14 hedge fund portfolios at the end of the second quarter, which was 12 in the previous quarter.

We discussed HCI Group, Inc. (NYSE:HCI) in another article and shared Bernzott Capital Advisors’ views on the company. You can check out our hedge fund investor letters Q2 2022 page for more investor letters from hedge funds and other prominent investors.

Disclosure: None. This article is originally published at Insider Monkey.