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What to Do with Genasys (GNSS) Stock Right Now?

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·3 min read
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  • MAXR
  • GNSS

Bonsai Partners recently released its Q2 2020 Investor Letter, a copy of which you can download here. The fund posted a return of 101.8% for the quarter (net of fees), outperforming their benchmark, the S&P 500 Index which returned 20.5% in the same quarter. You should check out Bonsai Partners' top 5 stock picks for investors to buy right now, which could be the biggest winners of the stock market crash.

In the said letter, Bonsai Partners highlighted a few stocks and Genasys Inc. (NASDAQ:GNSS) is one of them. Genasys Inc. (NASDAQ:GNSS) is a technology company. Year-to-date, Genasys Inc. (NASDAQ:GNSS) stock gained 37.0% and on August 17th it had a closing price of $4.48. Here is what Bonsai Partners said:

"Genasys is a provider of critical communications solutions for both civilian and government personnel.

Genasys shares appreciated approximately 49% during the quarter. I meaningfully trimmed our position at prices well above those recognized at quarter-end.

From the trough in March through the peak intra-quarter, Genasys shares appreciated >200%. These share price movements did not appear to be driven by improved company fundamentals.

For reasons mentioned earlier, I decided to trim the position near these highs as the forward-looking risk/reward wasn’t as attractive and therefore it didn’t merit such an outsized position. I retained a smaller position in Genasys as the future remains bright for their emerging software business."

11 Highest Paying Countries for Information Technology Professionals
11 Highest Paying Countries for Information Technology Professionals

Rawpixel.com/Shutterstock.com

In Q1 2020, the number of bullish hedge fund positions on Genasys Inc. (NASDAQ:GNSS) stock remained unchanged from the previous quarter (see the chart here). Our calculations showed that Genasys Inc. (NASDAQ:GNSS) isn't ranked among the 30 most popular stocks among hedge funds.

The top 10 stocks among hedge funds returned 185% since the end of 2014 and outperformed the S&P 500 Index ETFs by more than 109 percentage points. We know it sounds unbelievable. You have been dismissing our articles about top hedge fund stocks mostly because you were fed biased information by other media outlets about hedge funds' poor performance. You could have doubled the size of your nest egg by investing in the top hedge fund stocks instead of dumb S&P 500 ETFs. Below you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.

Video: Top 5 Stocks Among Hedge Funds

At Insider Monkey we scour multiple sources to uncover the next great investment idea. Cannabis stocks are roaring back in 2020, so we are checking out this under-the-radar stock. We go through lists like the 10 most profitable companies in America to pick the best large-cap stocks to buy. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. If you want to find out the best healthcare stock to buy right now, you can watch our latest hedge fund manager interview here. You can subscribe to our free enewsletter below to receive our stories in your inbox:

Disclosure: None. This article is originally published at Insider Monkey.