Is Juniper Industrial Holdings Inc. (JIH) A Smart Long-Term Buy?
Bernzott Capital Advisors, an investment management firm, published its first quarter 2021 investor letter – a copy of which can be downloaded here. A net return of 10.27% was recorded by the fund for the Q1 of 2021, below the Russell 2000 Value and Russell 2500 Value Index that delivered a 21.17% and 16.83% returns respectively for the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Bernzott Capital Advisors, in their Q1 2021 investor letter, mentioned Juniper Industrial Holdings, Inc. (NYSE: JIH), and shared their insights on the company. Juniper Industrial Holdings, Inc. is a Chatham, New Jersey-based blank check company that currently has a $558.03 million market capitalization. Since the beginning of the year, JIH delivered a 20.82% return, extending its 12-month gains to 33.54%. As of May 05, 2021, the stock closed at $12.94 per share.
Here is what Bernzott Capital Advisors has to say about Juniper Industrial Holdings, Inc. in their Q1 2021 investor letter:
"Juniper Industrial Holdings (JIH): Juniper Industrial Holdings is a special purpose acquisition company founded by Honeywell veterans with a long track record of successful M&A transactions. During the quarter the company agreed to merge with Janus International, a leading provider of cutting-edge access control technologies and building product solutions for the self-storage and industrial sectors. Janus maintains leading market share positions with both institutional and non- institutional self-storage operators and should benefit from increasing new-build supply fundamentals in addition to demand from upgrading an aging installed base of self-storage facilities. Finally, the lack of technological innovation should serve as an additional catalyst for the company with their Noke product line which provides wireless access technology capabilities which support both revenue enhancement and cost reduction opportunities for self-storage operators. Janus is expected to grow top-line in the mid-teens with attractive EBITDA and free cash flow characteristics relative to industry peers. The deal is expected to close in the second quarter."
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Our calculations show that Juniper Industrial Holdings, Inc. (NYSE: JIH) does not belong in our list of the 30 Most Popular Stocks Among Hedge Funds. As of the end of the fourth quarter of 2020, Juniper Industrial Holdings, Inc. was in 26 hedge fund portfolios, compared to 22 funds in the third quarter. JIH delivered a 0.54% return in the past 3 months.
The top 10 stocks among hedge funds returned 231.2% between 2015 and 2020, and outperformed the S&P 500 Index ETFs by more than 126 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. Here you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.
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Disclosure: None. This article is originally published at Insider Monkey.
