Is it Still Worthy to Invest in P10 Holdings (PX)?

Cedar Creek Partners LLC, an investment management firm, published its fourth-quarter 2021 investor letter – a copy of which can be downloaded here. The fund recorded a quarterly portfolio return of 6.4% for the fourth quarter of 2021, outperforming the NASDAQ Index, which delivered an 8.3% return for the same period. The fund also outperformed the S&P 500 (SPY) Index’s 11.1% return but outperformed the Russell Micro Cap’s -2.7% return. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Cedar Creek Partners, in its Q4 2021 investor letter, mentioned P10, Inc. (NYSE: PX) and discussed its stance on the firm. Founded in 1992, P10, Inc. is a Dallas, Texas-based capital market company with a $1.3 billion market capitalization, and is currently spearheaded by its CEO, C. Clark Webb. PX delivered a -14.95% return since the beginning of the year, while its 12-month returns are up by 24.22%. The stock closed at $11.89 per share on March 10, 2022.

Here is what Cedar Creek Partners has to say about P10, Inc. in its Q4 2021 investor letter:

“P10 Holdings (PX) is stock we first began purchasing in 2018 at around $1 per share (unadjusted for the recent split). We did extremely well in the stock in 2020 but exited between $3 and $4 due to our belief that the company was fairly valued. We were wrong. A few acquisitions later and a better understanding of the company led us back into the stock in the summer of 2021. At over fifteen times our estimate of annual cash flow, it is not the screaming bargain it was a few years ago, but management continues to execute. After it listed the A shares on the NYSE, we have been buying in the 12’s and occasionally selling in the 14’s.”

Source: pexels

Our calculations show that P10, Inc. (NYSE: PX) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. PX was in 18 hedge fund portfolios at the end of the fourth quarter of 2021, compared to 0 funds in the previous quarter. P10, Inc. (NYSE: PX) delivered a -17.32% return in the past 3 months.

In January 2022, we also shared another hedge fund’s views on PX 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.