Clark Street Value on Nam Tai Property (NTP): “There’s a Lot of Risk Here”

Clark Street Value, an investment management firm, published its fourth-quarter 2021 investor letter – a copy of which can be seen here. An annual portfolio return of 74.99% was recorded by the fund for the year 2021, versus 28.71% for the S&P 500, and an IRR since the inception of 29.12%.  over the same period. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Clark Street Value, in its Q4 2021 investor letter, mentioned Nam Tai Property Inc. (NYSE: NTP) and discussed its stance on the firm. Nam Tai Property Inc. is a China-based property development and management company with a $376.0 million market capitalization. NTP delivered a -5.05% return since the beginning of the year, while its 12-month returns are up by 35.50%. The stock closed at $9.58 per share on January 13, 2022.

Here is what Clark Street Value has to say about Nam Tai Property Inc. in its Q4 2021 investor letter:

“The only previously undisclosed holding I have are some recklessly speculative near term call options in Nam Tai Property (NTP).  Nam Tai has a long history, it pivoted from an electronics manufacturer to a property developer when Shenzhen experienced exploding growth.  IsZo Capital won their year long legal fight against prior management, they’ve put out a number of $40/share in intrinsic value, the stock trades at $11/share after prior management experienced a margin call and DB foreclosed on their shares.  IsZo by contrast has been adding to their stake.  There’s a lot of risk here, China real estate is obviously shaky, excuse my gambling, again its a personal account, don’t recommend this for others.”

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Our calculations show that Nam Tai Property Inc. (NYSE: NTP) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. NTP was in 3 hedge fund portfolios at the end of the third quarter of 2021, compared to 3 funds in the previous quarter. Nam Tai Property Inc. (NYSE: NTP) delivered a -64.11% return in the past 3 months.

In August 2021, we also shared another hedge fund’s views on NTP in another article. You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

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