In this article, we will take a look at the 5 aggressive stocks picked by hedge funds. To see more such companies, go directly to Aggressive Stock Portfolio: 12 Stocks Picked by Hedge Funds.
5. RPC, Inc. (NYSE:RES)
Number of Hedge Fund Holders: 20
Oil and gas services company RPC, Inc. (NYSE:RES) has gained more than 6% over the past six months. RPC, Inc. (NYSE:RES) recently crushed analyst estimates for Q4 and also doubled its quarterly dividend.
RPC, Inc. (NYSE:RES)’s net income in the fourth quarter increased to a whopping $87 million from $12.3 million posted in the same quarter of last year. RPC, Inc. (NYSE:RES)’s management said that it expects “continued robust drilling and completion activities based on indications from most customers.”
At the end of the last quarter of 2022, 20 hedge funds tracked by Insider Monkey reported having stakes in RPC, Inc. (NYSE:RES). The total value of these shares was about $96 million. The biggest stakeholder of RPC, Inc. (NYSE:RES) during this period was Mario Gabelli’s GAMCO Investors which had a $28 million stake in the company.
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Author Of this post: Fahad Saleem
Title Of post: Aggressive Stock Portfolio: 5 Stocks Picked by Hedge Funds
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