Ray Dalio Stock Portfolio Q3 2022: Top 5 Small-Cap Stocks

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In this article, we discuss the top 5 small-cap stocks from Ray Dalio’s Q3 2022 portfolio. If you want to see more stocks in this selection, check out Ray Dalio Stock Portfolio Q3 2022: Top 10 Small-Cap Stocks

5. Adtalem Global Education Inc. (NYSE:ATGE)

Number of Hedge Fund Holders: 18

Bridgewater Associates’ Stake Value: $10,337,000

Adtalem Global Education Inc. (NYSE:ATGE) is an Illinois-based company that provides workforce solutions worldwide. It operates through three segments – Chamberlain, Walden, and Medical and Veterinary. Ray Dalio strengthened his hold on Adtalem Global Education Inc. (NYSE:ATGE) by 82% in the third quarter of 2022, with 283,597 shares worth $10.3 million, representing 0.05% of the 13F securities. It is one of the best small-cap stocks to invest in. 

On November 3, Adtalem Global Education Inc. (NYSE:ATGE) reported a FQ1 non-GAAP EPS of $1.31 and a revenue of $361.2 million, up 61.6% on a year-over-year basis. For the full fiscal year 2023, Adtalem Global Education Inc. (NYSE:ATGE) expects revenue to be in the range of $1,380 million and $1,450 million, and adjusted diluted earnings per share from continuing operations to be within the range of $3.95 to $4.20.

Barrington analyst Alexander Paris on November 4 raised the price target on Adtalem Global Education Inc. (NYSE:ATGE) to $48 from $46 and kept an Outperform rating on the shares following the fiscal Q1 beat. While there are short-term constraints, such as the “long-tail impact” of the pandemic, high inflation, and the tight labor market, these headwinds will recede over time and demand for healthcare professionals will continue to exceed supply for the foreseeable future, the analyst told investors. 

According to Insider Monkey’s data, 18 hedge funds were bullish on Adtalem Global Education Inc. (NYSE:ATGE) at the end of Q2 2022, compared to 17 funds in the prior quarter. 

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