Should You Consider Buying Silgan (SLGN) Shares?

Upslope Capital Management, an investment management firm, published its first-quarter 2022 investor letter – a copy of which can be downloaded here. A quarterly portfolio net return of -0.3% was recorded by the fund for the first quarter of 2022, compared to the S&P Midcap 400 ETF and the HFRX Equity Hedge Index that delivered -5.0% and -0.3% gains for the same period. Try to spend some time taking a look at the fund’s top 5 holdings to be informed about their best picks for 2022.

In its Q1 2022 investor letter, Upslope Capital mentioned Silgan Holdings Inc. (NASDAQ:SLGN) and explained its insights for the company. Founded in 1987 Silgan Holdings Inc. (NASDAQ:SLGN)  is a Stamford, Connecticut-based rigid packaging company with a $4.9 billion market capitalization. Silgan Holdings Inc. (NASDAQ:SLGN)  delivered a 3.94% return since the beginning of the year, while its 12-month returns are up by 2.82%. The stock closed at $44.53 per share on April 25, 2022.

Here is what Upslope Capital has to say about Silgan Holdings Inc. (NASDAQ:SLGN) in its Q1 2022 investor letter:

Silgan (NASDAQ:SLGN): Food can, dispensing system, and plastic packaging producer managed with a private equity mindset. Defensive end markets, attractive valuation and disciplined model make for attractive baseline investment with balance sheet optionality (M&A or capital return).”

Pixabay/Public Domain

Our calculations show that Silgan Holdings Inc. (NASDAQ:SLGN) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. Silgan Holdings Inc. (NASDAQ:SLGN) was in 15 hedge fund portfolios at the end of the fourth quarter of 2021, compared to 14 funds in the previous quarter. Silgan Holdings Inc. (NASDAQ:SLGN) delivered a 7.79% return in the past 3 months.

In March 2022, we published an article that includes Silgan Holdings Inc. (NASDAQ:SLGN) in 10 Safe Dividend Stocks to Buy Today. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q1 page.

Disclosure: None. This article is originally published at Insider Monkey.