In this article, we discuss the top 5 stock picks of Ben Gordon’s Blue Grotto Capital. If you want to read our detailed analysis of Ben Gordon’s history, investment philosophy, and hedge fund performance, go directly to the Top 10 Stock Picks of Ben Gordon’s Blue Grotto Capital.
5. News Corp (NASDAQ:NWS)
Blue Grotto Capital’s Stake Value: $24.73 million
Percent of 13F Portfolio: 6.54%
Number of Hedge Fund Holders: 19
News Corp (NASDAQ:NWS) is a New York-based media company that is engaged in the creation of media, news, information services, and book publishing business.
News Corp (NASDAQ:NWS) is in the portfolio of 19 hedge funds with stakes worth $178 million, as tracked by Insider Monkey in the second quarter of 2021.
In the third quarter earnings report, News Corp (NASDAQ:NWS) reported an EPS of $0.23, beating the market consensus by $0.08.
Ben Gordon’s Blue Grotto Capital owned 1.05 million shares valued at $24.725 million in News Corp (NASDAQ:NWS) as of the end of the third quarter of 2021. In the third quarter of 2021, Blue Capital increased its stakes in the company by 70% from the previous quarter.
4. Viad Corp. (NYSE:VVI)
Blue Grotto Capital’s Stake Value: $26.07 million
Percent of 13F Portfolio: 6.9%
Number of Hedge Fund Holders:14
Viad Corp. (NYSE:VVI) provides experiential services in the travel and recreation industry through marketing and event management operations. Viad Corp. (NYSE:VVI) has operations in the US, Canada, the UK, Continental Europe, and the UAE.
In the September quarter of 2021, Blue Grotto Capital held 574,188 shares in Viad Corp. (NYSE:VVI), valued at $26.07 million.
According to Insider Monkey’s database tracking 873 hedge funds in the second quarter of 2021, 14 hedge funds had stakes in Viad Corp. (NYSE:VVI), valued at $123 million.
In the third quarter, Viad Corp. (NYSE:VVI) reported an EPS of $0.58 and missed the market estimates by -$0.65. B. Riley initiated its coverage on Viad Corp. (NYSE:VVI) with a “Buy” rating and price target of $56.
3. Mitek Systems, Inc. (NASDAQ:MITK)
Blue Grotto Capital’s Stake Value: $30.77 million
Percent of 13F Portfolio: 8.15%
Number of Hedge Fund Holders: 17
Accounting for 8.15% of the 13F portfolio of Blue Grotto Capital with 1.66 million shares worth $30.77 million in Q3 2021, Mitek Systems, Inc. (NASDAQ:MITK) develops and sells image capturing and digital identification solutions in the US and abroad.
According to the Insider Monkey database, 17 hedge funds have stakes in Mitek Systems, Inc. (NASDAQ:MITK), worth $109 million, as of the second quarter of 2021.
Mitek Systems, Inc. (NASDAQ:MITK) reported an EPS of $0.22, beating the market estimates by $0.03.
On November 15, 2021, H.C. Wainwright kept a “Buy” rating on Mitek Systems, Inc. (NASDAQ:MITK) and kept its price target of $27 on the shares.
2. Perficient, Inc. (NASDAQ:PRFT)
Blue Grotto Capital’s Stake Value: $36.54 million
Percent of 13F Portfolio: 9.67%
Number of Hedge Fund Holders: 18
Perficient, Inc. (NASDAQ:PRFT) is a consulting company that provides IT, management consulting and digital experience solutions.
With 315,833 shares, Perficient, Inc. (NASDAQ:PRFT) accounts for 9.67% of the portfolio of Blue Grotto Capital as of the third quarter of 2021. Insider monkey tracked 18 hedge funds having stakes in Perficient, Inc. (NASDAQ:PRFT), valued at $108 million, in the June quarter of 2021.
Perficient, Inc. (NASDAQ:PRFT) reported an EPS of $0.48 in the third quarter of 2021, missing the market consensus by -$0.03. On October 29, 2021, Barrington kept an “Outperform” rating on Perficient, Inc. (NASDAQ:PRFT) and raised its price target to $150 from $116.
1. Spectrum Brands Holdings, Inc. (NYSE:SPB)
Blue Grotto Capital’s Stake Value: $36.7 million
Percent of 13F Portfolio: 9.72%
Number of Hedge Fund Holders: 35
Spectrum Brands Holdings, Inc. (NYSE:SPB) ranks first on our list of top 10 stock picks of Ben Gordon’s Blue Grotto Capital. The company provides branded consumer products like hardware and home improvement, pet care, garden products. It has its operations worldwide.
Spectrum Brands Holdings, Inc. (NYSE:SPB) reported an EPS of $1.11 in the third quarter, beating the market consensus by $0.31. On November 17, 2021, RBC Capital raised its price target to $124 from $100 and kept an “Outperform” rating on the shares.
Spectrum Brands Holdings, Inc. (NYSE:SPB) is in the portfolio of 32 hedge funds as of Q2 2021, as tracked by Insider Monkey. These hedge funds have invested $578 million in the company.
Blue Grotto Capital held 383,603 shares in Spectrum Brands Holdings, Inc. (NYSE:SPB), valued at $36.7 million, and accounting for 9.72% of the 13F portfolio as of the end of Q3 of 2021.
You can also take a peek at 10 Best Stocks to Buy According to Warren Buffett and Here is What Hedge Funds Think About Lumen Technologies, Inc. (LUMN).
