Is it Still Worth Keeping Your OCI N.V. (OCINF) Shares?

Palm Harbour Capital, an asset management firm, published its fourth-quarter 2021 investor letter – a copy of which can be downloaded here. During the fourth quarter, the fund gained 2.26% gross of fees. The fund ended the quarter with year-to-date performance of 36.5% (+37.65% on a NAV basis). Inception to quarter-end return was 39.3% or 12.9% compounded annual return. Similarly, the fund’s last reported NAV at quarter-end was 13.75 (30/12/2021 +2.23%% from the closest reported NAV at the third-quarter end of 13.45). Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Palm Harbour Capital, in its Q4 2021 investor letter, mentioned OCI N.V. (NYSE:OCINF) and discussed its stance on the firm. Founded in 2013, OCI N.V. (NYSE:OCINF) is a Netherlands-based chemical industry company with a $6.4 billion market capitalization and is currently spearheaded by its CEO, Nassef Sawiris. OCI N.V. (NYSE:OCINF) delivered a 10.29% return since the beginning of the year, while its 12-month returns are up by 33.91%. The stock closed at $30.33 per share on March 16, 2022.

Here is what Palm Harbour Capital has to say about OCI N.V. (NYSE:OCINF) in its Q4 2021 investor letter:

“The third detractor was OCI NV, which lost 63 basis points. We first wrote about OCI in our second quarter 2019 letter. We will update on the position later in this letter. The company had a stellar third quarter, successfully IPO’d its Middle Eastern fertilizer business, and sold a minority stake in its methanol business – highlighting its value. Nitrogen fertilizer and methanol prices maintained very high pricing levels underscored by robust global demand. We believe healthy farmer incomes and agricultural commodity prices will support fertilizer pricing through the upcoming planting seasons and beyond in 2022.”

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Our calculations show that OCI N.V. (NYSE:OCINF) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. OCI N.V. (NYSE:OCINF) delivered a 10.29% return in the past 3 months. 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.