In this article, we are going to take a look at the top 10 stock picks of Hal Mintz’s Sabby Capital.
Based in New Jersey, Sabby Capital is an investment firm focusing on the healthcare industry. Founded in 2011, Sabby Capital boasts a portfolio of approximately $740 million, and primarily invests in small-cap healthcare companies. Hal Mintz is the man behind the action, currently serving as Principal and Managing Member at the firm. He previously worked at BAM Capital, and is renowned in investment circles as an expert on trends in the healthcare sector. Sabby Capital also manages multiple fund series, including Sabby Volatility Warrant Master Fund, and Sabby Healthcare Volatility Master Fund.
Some of the notable stocks in Sabby’s portfolio include Bit Digital, Inc. (NASDAQ: BTBT), Barclays PLC (NYSE: BCS) and Virpax Pharmaceuticals, Inc. (NASDAQ: VRPX).
For this article, we used Sabby’s third quarter holdings data and picked its top 10 stocks.
Photo by Nick Chong on Unsplash
Top 10 Stock Picks of Hal Mintz’s Sabby Capital.
10. Flux Power Holdings, Inc. (NASDAQ:FLUX)
Sabby Capital’s Stake Value: $3.63 million
Percentage of Sabby Capital’s 13F portfolio: 0.49%
Total Number of Hedge Fund Holders: 6
Starting off our list is Flux Power Holdings, Inc. (NASDAQ: FLUX), a lithium-ion energy storage company that provides solutions for various industrial and commercial uses. The company is based in the United States and primarily focuses on the development of airport ground support equipment and electrical fork lifts.
According to data for the third quarter of 2021, 6 out of 867 hedge funds tracked by Insider Monkey held shares in Flux Power Holdings, Inc. worth $4.82 million. This shows a vast improvement in investor confidence from the last quarter, where 2 hedge funds held $1.01 million worth of shares in the company.
In Q3 2021, Flux Power Holdings, Inc. reported an EPS of -$0.30 for Q3 2021, missing estimates by -$0.05.
On October 5, research firm H.C. Wainwright initiated coverage of Flux Power Holdings, Inc. with a ‘Buy’ rating and a $15 price target.
9. HumanCo Acquisition Corp. (NASDAQ:HMCOU)
Sabby Capital’s Stake Value: $3.99 million
Percentage of Sabby Capital’s 13F portfolio: 0.54%
Total Number of Hedge Fund Holders: 7
Sabby Capital owns 404,185 shares in HumanCo Acquisition Corp. (NASDAQ: HMCOU), amounting to a $3.99 million worth which represents 0.54% of the fund’s overall portfolio.
HumanCo Acquisition Corp. is a blank check company founded in 2020, and deals in asset acquisition, company mergers and various business reorganization services.
By the end of September, 7 hedge funds from Insider Monkey’s database reported owning shares in HumanCo Acquisition Corp., with a combined value of $45.70 million.
8. Takung Art Co, Ltd. (NYSEAMERICAN:TKAT)
Sabby Capital’s Stake Value: $4.62 million
Percentage of Sabby Capital’s 13F portfolio: 0.62%
Total Number of Hedge Fund Holders: 1
Takung Art Co, Ltd. (NYSEAMERICAN: TKAT) is an online trading platform that allows users to trade and acquire shared ownership in Asian and other fine art objects including paintings, calligraphy, sculptures, jewelry and antique furniture. The company is based in Hong Kong and was founded in 2012.
Out of 867 hedge funds tracked by Insider Monkey, only Sabby Capital reported owning 608,740 shares worth $4.62 million in Takung Art Co, Ltd. in the third quarter of 2021.
Takung Art Co, Ltd. posted an EPS of -$0.23 for Q3 2021, beating consensus estimates by -$0.16.
7. Red Cat Holdings, Inc. (NASDAQ:RCAT)
Sabby Capital’s Stake Value: $4.73 million
Percentage of Sabby Capital’s 13F portfolio: 0.63%
Total Number of Hedge Fund Holders: 4
Ranking 7th on Hal Mintz’s list of top stocks to buy is Red Cat Holdings, Inc. (NASDAQ: RCAT), a Puerto Rico-based company that provides various services, products and solutions to the drone industry.
In Q3 2021, 4 hedge funds out of 867 held positions worth $4.94 million in Red Cat Holdings, Inc., as compared to the previous quarter where no hedge funds held any shares in the drone-solutions company, as reported by Insider Monkey’s database.
6. Virpax Pharmaceuticals, Inc. (NASDAQ:VRPX)
Sabby Capital’s Stake Value: $4.76 million
Percentage of Sabby Capital’s 13F portfolio: 0.64%
Total Number of Hedge Fund Holders: 1
Virpax Pharmaceuticals, Inc. stands sixth on Hal Mintz’s list of top stocks to buy. Mintz’s hedge fund Sabby Capital owns 993,000 shares in the company valued at $4.76 million, accounting for a 0.64% slice of his overall portfolio.
Virpax Pharmaceuticals, Inc. is a biopharmaceutical company which deals in the development and distribution of non-addictive pain management products. Out of 867 hedge funds tracked by Insider Monkey, only Sabby Capital owns shares in Virpax Pharmaceuticals, Inc. by the end of September.
5. Cocrystal Pharma, Inc. (NASDAQ:COCP)
Sabby Capital’s Stake Value: $5.42 million
Percentage of Sabby Capital’s 13F portfolio: 0.73%
Total Number of Hedge Fund Holders: 5
Ranking 5th on Hal Mintz’s list of top stocks to buy is Cocrystal Pharma, Inc. (NASDAQ: COCP), a biotechnology company focusing on the discovery and development of anti-viral therapeutic drugs. Hal Mintz owns 5,165,416 shares in Cocrystal Pharma, Inc., at a value of $5.42 million.
For the third quarter of 2021, Cocrystal Pharma, Inc. reported an EPS of -$0.04, which was in-line with consensus estimates.
According to the latest data tracked by Insider Monkey for Q3 2021, 5 hedge funds out of 867 reported owning $7.86 million worth of shares in Cocrystal Pharma, Inc..
4. Barclays PLC (NYSE:BCS)
Sabby Capital’s Stake Value: $11.13 million
Percentage of Sabby Capital’s 13F portfolio: 1.5%
Total Number of Hedge Fund Holders: 12
Barclays PLC is a banking holding company based in the United Kingdom that provides banking, wealth management and various financial services around the globe.
On November 2, research firm Morgan Stanley kept its ‘Equal Weight’ rating on Barclays PLC stock, raising the price target to 240 GBP from 205 GBP.
In Q3 2021, 12 hedge funds held positions worth $105.77 million in Barclays PLC, in contrast to 11 hedge funds holding positions worth $119.95 million in the previous quarter.
3. Sorrento Therapeutics, Inc. (NASDAQ:SRNE)
Sabby Capital’s Stake Value: $12.95 million
Percentage of Sabby Capital’s 13F portfolio: 1.75%
Total Number of Hedge Fund Holders: 10
Next up is Sorrento Therapeutics, Inc. (NASDAQ: SRNE), a commercial biopharmaceutical company which develops therapies for autoimmune, cancer, viral and neurodegenerative diseases. The company is based in California, and operates through its two segments: Sorrento Therapeutics and Scilex.
For the third quarter of 2021, Sorrento Therapeutics, Inc. posted an EPS of -$0.40, missing estimates by -$0.11. The company raked in $12.06 million in quarterly revenue, missing analysts’ forecasts by $4.84 million.
As of Q3 2021, 10 hedge funds out of 867 tracked by Insider Monkey reported owning positions worth $42.58 million in Sorrento Therapeutics, Inc.. This shows a bullish trend from the previous quarter where the same number of hedge funds held positions with a combined value of $39.34 million in the pharmaceutical company.
2. BIT Mining Limited (NYSE:BTCM)
Sabby Capital’s Stake Value: $16.34 million
Percentage of Sabby Capital’s 13F portfolio: 2.2%
Total Number of Hedge Fund Holders: 6
BIT Mining Limited (NYSE: BTCM) is a cryptocurrency mining company that has a combined electric power capacity of 435MW through its three hydroelectric cryptocurrency mines. The company is based in Hong Kong and was founded in 2001. BIT Mining Limited also owns and operates BTC.com, including the domain name and wallet.
BIT Mining Limited gained 149.26% in the last year, and trades with a market cap of $493.06 million.
6 hedge funds reported owning positions in BIT Mining Limited in the third quarter of 2021. The combined value of these holdings stood at $32.29 million.
1. Bit Digital, Inc. (NASDAQ:BTBT)
Sabby Capital’s Stake Value: $30.48 million
Percentage of Sabby Capital’s 13F portfolio: 4.12%
Total Number of Hedge Fund Holders: 4
Bit Digital, Inc. is another company engaged in the mining of cryptocurrency. It ranks 1st on Hal Mintz’s list of top stocks to buy. Mintz’s fund Sabby Capital owns 4,216,310 shares in the crypto-mining business, according to the data for the third quarter.
On September 23, research firm HC Wainwright & Co initiated its coverage on Bit Digital, Inc. with a ‘Buy’ rating and a $14 price target.
As of the third quarter of 2021, 4 hedge funds reported positions in Bit Digital, Inc.. The combined value of these stakes stood at $69.21 million.
You can also take a peek at the 10 Best Dividend Stocks to Buy According to Billionaire Howard Marks and 12 Best Autonomous Vehicle Stocks to Buy for 2021.
Follow Insider Monkey on Twitter
Suggested articles:
- 10 Best Defense Stocks To Buy Now
- Billionaire Daniel Sundheim’s Top 10 Picks
- 15 Best Undervalued Stocks to Buy Now
This article is originally published at Insider Monkey.
