Michael Price is the founder and manager of MFP Investors, a hedge fund with over $834 million in assets under management. In 1982, he began his career as a research assistant at Michael Heine’s mutual fund. Price purchased the company after Mr. Heine’s father died in 1988. MFP Investors is noted for its long-term value-based investment strategy, which focuses on finding undervalued stocks at reduced prices. In the first quarter of 2021, the hedge fund added many underperforming stocks to its portfolio. Investors Bancorp, Inc. and Ruth’s Hospitality Group Inc. are two notable sales. MFP Investors own 1,644,000 shares in the firm, valued at more than $13.8 million. The hedge fund also owns significant stakes in firms like BlackBerry Limited and Amazon.com, Inc. MFP Investors manages a portfolio of 137 firms worth a total of $834 million. Intel Corporation, which accounts for 15.65% of the stock portfolio, and S&W Seed Company, which accounts for 7%, are the fund’s top holdings.
Here is Insider Monkey’s list of the 10 best dividend stocks to buy according to billionaire Michael Price. According to billionaire Michael Price, Kearny Financial Corp. is number ten on his list of the top ten dividend stocks to purchase. The corporation just announced its first-quarter profits report for fiscal year 2021, which showed a modest reduction from the prior quarter, which concluded in December 2020. For the first quarter of 2021, The First of Long Island Corporation recorded a net income of $11.3 million, up 23.2 percent year over year. The company’s shares are worth $1.8 million to Michael Price’s hedge fund. Investors Bancorp, Inc. is the eighth greatest dividend stock to purchase. The bank operates 156 branches in the United States and pays a dividend yield of 3.81 percent, compared to the industry’s average yield of 2.27 percent. BCB Bancorp, Inc. declared a quarterly dividend of $0.14 per share, payable on May 24, 2021. The current dividend yield is 4.05 percent, based on the current stock price of $13.84 a share. Waterstone Financial, Inc. has the sixth best payout ratio and dividend yield among the ten greatest dividend companies to purchase. On May 28, 2021, the company’s board of directors also declared a special dividend. For more details, click 10 Best Dividend Stocks to Buy According to Billionaire Michael Price.
