Is it Still Good to Invest in GreenBox (GBOX)?

Singular Research, an investment management firm, published its November 2021 investor letter – a copy of which can be seen here. For the month of November, the Singular coverage list underperformed the S&P 500 and Russell 2000 by (593) and (248) basis points, respectively.  Over the last twelve months, the Singular coverage list outperformed the S&P 500 and Russell 2000 by 3,502 and 4,029 basis points, respectively. You can take a look at the fund’s top 5 holdings to have an idea about their best picks for 2021.

Singular Research, in its Q3 2021 investor letter, mentioned GreenBox POS (NASDAQ: GBOX) and discussed its stance on the firm. GreenBox POS is a San Diego, California-based financial technology company with a $208.5 million market capitalization. GBOX delivered a -26.15% return since the beginning of the year, while its 12-month returns are down by -10.56%. The stock closed at $4.83 per share on December 21, 2021.

Here is what Singular Research has to say about GreenBox POS  in its Q3 2021 investor letter:

“For the month of November, the Singular coverage list underperformed the S&P 500 and Russell 2000 by (593) and (248) basis points, respectively. Over the last twelve months, the Singular coverage list outperformed the S&P 500 and Russell 2000 by 3,502 and 4,029 basis points, respectively. Since our 2004 inception, the Singular coverage list has outperformed the S&P 500 and Russell 2000 by an annualized 488 and 495 basis points, respectively. GBOXwas also a poor performer as the firm had mixed quarterly results. The Company maintained processing volume guidance but lowered full year revenue estimates by $3 million.”

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Based on our calculations, GreenBox POS (NASDAQ: GBOX) was not able to clinch a spot in our list of the 30 Most Popular Stocks Among Hedge Funds. GBOX was in 6 hedge fund portfolios at the end of the third quarter of 2021, compared to 3 funds in the previous quarter. GreenBox POS (NASDAQ: GBOX) delivered a -47.67% return in the past 3 months.

You can find more than 100 investor letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q3 page.

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