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Is it a Smart Choice to Invest in Advanced Emissions Solutions (ADES)?

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Clark Street Value, an investment management firm, published its fourth-quarter 2021 investor letter – a copy of which can be seen here. An annual portfolio return of 74.99% was recorded by the fund for the year 2021, versus 28.71% for the S&P 500, and an IRR since the inception of 29.12%. over the same period. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Clark Street Value, in its Q4 2021 investor letter, mentioned Advanced Emissions Solutions, Inc. (NASDAQ: ADES) and discussed its stance on the firm. Advanced Emissions Solutions, Inc. is a Littleton, Colorado-based emissions solutions provider with a $127.5 Million market capitalization. ADES delivered a 2.11% return since the beginning of the year, while its 12-month returns are up by 22.46%. The stock closed at $6.76 per share on January 13, 2022.

Here is what Clark Street Value has to say about Advanced Emissions Solutions, Inc. in its Q4 2021 investor letter:

"Rounding out the informal liquidations, not much has changed at Advanced Emissions Solutions (ADES) since my write-up, the did report Q3 earnings and have an adjusted ~$5/share in net cash against a $6.50 stock price. They state that strategic alternatives are continuing for the remaining activated carbon business, hopefully that means a sale and not some transaction involving ADES using the cash for an acquisition."

Our calculations show that Advanced Emissions Solutions, Inc. (NASDAQ: ADES) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. ADES was in 12 hedge fund portfolios at the end of the third quarter of 2021, compared to 14 funds in the previous quarter. Advanced Emissions Solutions, Inc. (NASDAQ: ADES) delivered a 3.68% return in the past 3 months.

You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

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