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10 Dividend Stocks to Buy Now According to Allon Hellmann’s Full18 Capital

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·8 min read
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In this article, we discuss the 10 dividend stocks to buy now according to Allon Hellmann's Full18 Capital based on Q2 holdings of the fund. If you want to skip our detailed analysis of Hellmann's history, investment philosophy, and hedge fund performance, go directly to the 5 Dividend Stocks to Buy Now According to Allon Hellmann's Full18 Capital.

Allon Hellmann is an MBA from NYU Stern School of Business. He began his career as a Vice President at Goldman Sachs. Mr. Hellmann also worked as an analyst at Bull Path Capital and Serengeti Asset Management. He now

He is now the portfolio manager at Full18 Capital, which is is based out of Westport. The 13F public stock portfolio of the hedge fund was valued at $240.33 million in the second quarter of 2021. The top ten holdings comprise over 32.89% of the entire portfolio. During the second quarter, Allon Hellmann, through his hedge fund, made new purchases in 59 stocks, bought additional stakes in 20 stocks, sold out of 50 stocks, and reduced holdings in 21 stocks.

As of the second quarter, Full18 Capital holds significant stakes in companies including Wells Fargo & Company (NYSE:WFC), Morgan Stanley (NYSE:MS), and Square, Inc. (NYSE:SQ).

Full18 Capital added Wells Fargo & Company (NYSE:WFC) to its portfolio in the second quarter by buying 22,205 shares. On October 26, Wells Fargo & Company announced a quarterly dividend of $0.20 per share in line with the previous. On October 15, Piper Sandler analyst Scott Siefers raised his price target on Wells Fargo to $48 from $45 and rated the stock as "Neutral."

Based on the latest 13F holdings for the second quarter of 2021, Full18 Capital owns 60,103 shares in Morgan Stanley (NYSE:MS). In the third quarter, Morgan Stanley's EPS came in at $2.04 beating the estimates by $0.36. On October 18, Citi analyst Keith Horowitz raised his price target on Morgan Stanley to $105 from $100 and kept a “Neutral” rating on the shares after the business reported another solid quarter.

Another stock that was added to the portfolio in the second quarter of 2021 was Square, Inc. (NYSE:SQ), where Allon Hellmann's Full18 Capital purchased 16,091 shares. The company's third-quarter EPS came in at $0.37 vs. the second quarter EPS of $0.66. Revenue over the period was $3.84 billion, up 26.7% YoY. On November 5, Needham analyst Mayank Tandon lowered his price target on Square to $315 from $350 but maintained a "Buy" rating on the shares.

This article would focus on some of the dividend stocks in Allon Hellmann's Full18 Capital Q2 portfolio.

10 Dividend Stocks to Buy Now According to Allon Hellmann's Full18 Capital
10 Dividend Stocks to Buy Now According to Allon Hellmann's Full18 Capital

Why it is important to pay attention to hedge funds’ stock picks? Insider Monkey’s research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 86 percentage points since March 2017. Between March 2017 and July 2021, our monthly newsletter’s stock picks returned 186.1%, vs. 100.1% for the SPY. Our stock picks outperformed the market by more than 86 percentage points (see the details here). That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to. You can subscribe to our free newsletter on our homepage to receive our stories in your inbox.

With this background in mind, let’s start our list of 10 dividend stocks to buy now according to Allon Hellmann's Full18 Capital. We used Hellmann's 13F portfolio for Q2 2021 for this analysis.

Dividend Stocks to Buy Now According to Allon Hellmann's Full18 Capital

10. Old Republic International Corporation (NYSE:ORI)

Full18 Capital Stake Value: $1,038,000

Percentage of Full18 Capital’s 13F Portfolio: 0.43%

Number of Hedge Fund Holders: 26

Dividend Yield: 3.39%

Old Republic International Corporation (NYSE:ORI), which specializes in insurance underwriting and related services, features on the list of 10 dividend stocks to buy now according to Allon Hellmann’s Full18 Capital. In the second quarter of 2021, Full18 Capital owned 41,658 shares in the company worth $1.04 million. This represented 0.43% of the investment portfolio of the hedge fund.

The company is getting the attention of the smart money, as 26 hedge funds tracked by Insider Monkey reported owning stakes in Old Republic International Corporation (NYSE:ORI) at the end of the second quarter, up from 24 funds a quarter earlier.

Just like Wells Fargo & Company (NYSE:WFC), Morgan Stanley (NYSE:MS), and Square, Inc. (NYSE:SQ), Old Republic International Corporation (NYSE:ORI) is one of the stocks attracting the attention of Allon Hellmann’s Full18 Capital.

9. Flushing Financial Corporation (NASDAQ:FFIC)

Full18 Capital Stake Value: $304,000

Percentage of Full18 Capital’s 13F Portfolio: 0.12%

Number of Hedge Fund Holders: 11

Dividend Yield: 3.51%

Allon Hellmann initiated a new stake in Flushing Financial Corporation (NASDAQ:FFIC), buying 14,193 shares of the banking and financial services company, worth $304,000. The company reported third-quarter EPS of $0.88, beating consensus expectations by $0.23. In addition, the company’s revenue of $64.23 million managed to beat consensus forecasts by $0.36 million, up 25.3% YoY.

Flushing Financial Corporation (NASDAQ:FFIC) shares have gained about 80.73% in value over the last 12 months, and is among the list of 10 dividend stocks to buy now according to Allon Hellmann’s Full18 Capital. In addition, at the end of the second quarter of 2021, 11 hedge funds in the database of Insider Monkey held stakes worth $38.07 million in Flushing Financial Corporation.

8. First Horizon Corporation (NYSE:FHN)

Full18 Capital Stake Value: $4,117,000

Percentage of Full18 Capital’s 13F Portfolio: 1.71%

Number of Hedge Fund Holders: 27

Dividend Yield: 3.51%

First Horizon Corporation (NYSE:FHN) is a financial holding company that provides consumers and companies with checking accounts, savings products, mortgage banking, lending, and financing. The company shares have offered investors returns of 44.72% in the past 12 months, and it is one of 10 dividend stocks to buy now according to Allon Hellmann’s Full18 Capital.

First Horizon Corporation declared a quarterly dividend of $0.15 per share, in line with the previous. However, in September, UBS analyst Brock Vandervliet downgraded First Horizon to “Neutral” from “Buy”.

The hedge fund managed by Allon Hellmann owns 238,253 shares in First Horizon Corporation (NYSE:FHN) worth over $4.12 million, representing close to 1.71% of their portfolio. In addition, the hedge fund has increased its stake in the firm by 112% in the second quarter of 2021. Out of the hedge funds being tracked by Insider Monkey, Schonfeld Strategic Advisors is a leading shareholder in the company with 2.03 million shares worth $35.14 million.

Wells Fargo & Company (NYSE:WFC), Morgan Stanley (NYSE:MS), and Square, Inc. (NYSE:SQ) are some of the stocks on the radar of Allon Hellmann’s Full18 Capital along with First Horizon Corporation (NYSE:FHN).

7. International General Insurance Holdings Ltd. (NASDAQ:IGIC)

Full18 Capital Stake Value: $700,000

Percentage of Full18 Capital’s 13F Portfolio: 0.29%

Number of Hedge Fund Holders: 10

Dividend Yield: 3.75%

International General Insurance Holdings Ltd. (NASDAQ:IGIC), in which Full18 Capital decreased its stake by 52% in the second quarter of 2021, features on the list of 10 dividend stocks to buy now according to Allon Hellmann’s Full18 Capital. The company provides underwriting services for commercial insurance and reinsurance.

As of Q2 2021, Full18 Capital owns approximately 75,282 shares in International General Insurance Holdings Ltd., worth $700,000. The company accounts for 0.29% of the hedge fund’s 13F portfolio.

Joe Dimenna’s ZWEIG DIMENNA PARTNERS is the most significant stakeholder in International General Insurance Holdings Ltd. (NASDAQ:IGIC), with 680,517 shares worth $6.33 million.

6. Simon Property Group, Inc. (NYSE:SPG)

Full18 Capital Stake Value: $2,227,000

Percentage of Full18 Capital’s 13F Portfolio: 0.92%

Number of Hedge Fund Holders: 37

Dividend Yield: 3.77%

Simon Property Group, Inc. (NYSE:SPG) is a real estate investment trust that invests in, develops, and operates retail, dining, entertainment, and mixed-use facilities. On November 1, the company declared a quarterly dividend of $1.65 per share, a 10% increase from the prior dividend of $1.50. It also posted earnings results for the third quarter, reporting funds from operations (FFO) of $3.13 beating market predictions by $0.60. The revenue over the period was $1.29 billion, up 21.7% year-on-year and surpassing the estimates by $90 million.

The company’s stock has gained a whopping 112.32% over the last 12 months, and it is on the list of 10 dividend stocks to buy now according to Allon Hellmann’s Full18 Capital. On September 17, RBC Capital analyst Brad Heffern initiated coverage of Spirit Realty, rating the stock as "Sector Perform" and gave a price target of $53.

There were 37 hedge funds in our database that held stakes in the company at the end of the second quarter, compared to 31 funds in the previous quarter.

Along with Wells Fargo & Company (NYSE:WFC), Morgan Stanley (NYSE:MS), and Square, Inc. (NYSE:SQ), Simon Property Group, Inc. (NYSE:SPG) is one of the stocks to buy according to Allon Hellmann’s Full18 Capital.

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Disclosure: None. 10 Dividend Stocks to Buy Now According to Allon Hellmann's Full18 Capital is originally published on Insider Monkey.