Is it Still Safe to Own Loyalty Ventures (LYLT)’s Shares?

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 Loyalty Ventures Inc. (NASDAQ: LYLT) and discussed its stance on the firm. Loyalty Ventures Inc. is a Plano, Texas-based technology and services company with a $789.4 million market capitalization. LYLT delivered a 5.12% return since the beginning of the year and it closed at $32.11 per share on January 13, 2022.

Here is what Clark Street Value has to say about Loyalty Ventures Inc. in its Q4 2021 investor letter:

“I briefly owned Loyalty Ventures (LYLT) for a month or so following the spinoff from ADS and got sliced up trying to catch the falling knife, it ended up being my biggest single performance detractor for the year.  But it is too early to tell if I completely misjudged the business quality but the stock was punished early, sold off from nearly $50 in the when issued market until below $30.  The CEO has been buying shares, I’ll revisit it at some point.”

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Our calculations show that Loyalty Ventures Inc. (NASDAQ: LYLT) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. Loyalty Ventures Inc. (NASDAQ: LYLT) delivered a 3.84% return in the past month.

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.