Several Cheap Stocks to Buy at the Moment
It is not an easy task to find truly valuable as well as cheap stocks. There are a number of such stocks and let’s have a look at them. For example, Capital Product Partners L.P. As a reminder, Capital Product Partners L.P. is a shipping company that operates seaborne transportation of containerized goods and dry cargo.
People should keep in mind that the company’s shares are up 70% in the last 12 months. Interestingly, the company announced a quarterly dividend of $0.10 per share. Capital Product Partners L.P. made this announcement in January. Importantly, the company has a dividend yield of 3.73%.
As a reminder, as of the end of the fourth quarter, 2 hedge funds in Insider Monkey’s database of 887 funds held stakes in CPLP. Moreover, Arrowstreet Capital is the biggest stakeholder in the company, with 76,849 shares worth $624.000.
Let’s have a look at other interesting cheap stocks as well. For instance, BBQ Holdings. It operates restaurants under the brand name Famous Dave’s. Moreover, the company operates in Canada, U.S., as well as Puerto Rico. Interestingly, the stock jumped after the company signed a 25-unit development agreement to expand its operations across the U.S.
This company joined forces with Bluestone Hospitality Group to launch Famous Dave’s ghost kitchens as well as dual restaurant concepts with the group’s Italian brand, Johnny Carino’s.
Cheap stocks and interesting facts
As mentioned above, there are several interesting cheap stocks. It makes sense to invest in Amneal Pharmaceuticals, Inc. As a reminder, it is a New Jersey-based pharmaceutical company that has about 250 medicines in its portfolio. For instance, the company makes treatments for central nervous system diseases, etc.
Amneal Pharmaceuticals, Inc. surpassed consensus estimates in the fourth quarter, helped by its acquisition of AvKARE and new products. Furthermore, the revenue jumped 28%.
Another interesting company is Genie Energy Ltd. People should take into account that Genie Energy Ltd. came into existence as a result of a spinoff from IDT Corporation. Importantly, in the fourth quarter, the company’s revenue jumped 26% to $102.9 million. Genie Energy Ltd announced that it was suspending its dividend to rebuild its cash position. The stock rose by 4% over the last 12 months.
As stated earlier, it is quite hard to find valuable and at the same time, cheap stocks. However, there are several options. People should pay more attention to the companies mentioned above, as it makes sense to invest in any of them.
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