Top 5 Stock Picks of James Morrow’s Callodine Capital Management

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In this article, we discuss the top 5 stock picks of James Morrow’s Callodine Capital Management. If you want to read our detailed analysis of Morrow’s history, investment philosophy, and hedge fund performance, go directly to Top 10 Stock Picks of James Morrow’s Callodine Capital Management.

5. Radian Group Inc. (NYSE:RDN)

Callodine Capital Management’s Stake Value: $13,992,000
Percentage of Callodine Capital Management’s Portfolio: 4.49%
Number of Hedge Fund Holders: 37

Radian Group Inc. (NYSE:RDN) and its subsidiaries operate in the finance and real estate services industries in the United States. In Q1 2022, Callodine Capital Management held 630,000 shares in Radian Group Inc. (NYSE:RDN), valued at $13.99 million. The company constituted 4.49% of the hedge fund’s portfolio.

Ryan Gilbert, a BTIG analyst, maintained a Buy rating on Radian Group Inc. (NYSE:RDN) but reduced his price target for Radian Group to $26 from $28 on April 12. In addition, to account for lower volumes of mortgages in the first half of this year and a rise in new defaults, the analyst decreased his EPS predictions for the firm.

As of the end of the first quarter, 37 hedge funds in Insider Monkey’s database were bullish on Radian Group Inc. (NYSE:RDN), an increase compared to 35 funds in the preceding quarter. Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital is Radian Group Inc. (NYSE:RDN)’s most significant stakeholder, with 3.08 million shares worth $68.37 million.

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