Is LICT Corporation (LICT) A Safe Investment?

Alluvial Capital Management, an investment management firm, published its fourth-quarter 2021 investor letter – a copy of which can be downloaded here. Alluvial Fund closed out an excellent year on a quiet note, returning 0.5% in the fourth quarter. For the full year, Alluvial Fund rose 31.0%, nearly double the returns of benchmarks. 2021 was the finest year in Alluvial Fund’s history, the first in which our net return to limited partners exceeded 30%. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Alluvial Capital Management, in its Q4 2021 investor letter, mentioned LICT Corporation (NYSE: LICT) and discussed its stance on the firm. LICT Corporation is a Rye, New York-based holding company with a $514.2 million market capitalization. LICT delivered a -0.77% return since the beginning of the year, while its 12-month returns are up by 39.46%. The stock closed at $25,800.00 per share on January 21, 2022.

Here is what Alluvial Capital Management has to say about LICT Corporation in its Q4 2021 investor letter:

“We are still awaiting the results of LICT Corporation’s strategic review. The announcement of any decision on strategic alternatives was likely delayed by the company’s participation in FCC Auction 110, in which LICT successfully bid on $7.7 million in mid-band spectrum to support its wireless offerings. With the auction over, I look forward to news from the company. Even if the result of the process is a decision to maintain the status quo, LICT’s status as a provider of essential communications infrastructure and its commitment to returning capital make its shares attractive in the mid-$20,000s.”

Research, Investment, Finance

Research, Investment, Finance

Our calculations show that LICT Corporation (NYSE: LICT) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. LICT was in 1 hedge fund portfolio at the end of the third quarter of 2021, compared to 1 fund in the previous quarter. LICT Corporation (NYSE: LICT) delivered a 2.18% 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.