Is Fujian Blue Hat Interactive Leisure Know-how (BHAT) A Good Inventory To Purchase?

The most recent 13F reporting period has come and gone, and Insider Monkey is back on top when it comes to leveraging this goldmine of data. We have processed the filings of more than 866 top investment firms that we track and now have access to the aggregated insights of these filings, based on their holdings as of March 31, data not available anywhere else. Should you choose Fujian Blue Hat Interactive Entertainment Technology Ltd. (NASDAQ:BHAT) for your portfolio? We will use this invaluable collective wisdom to answer.

Is BHAT a good stock to buy? Fujian Blue Hat Interactive Entertainment Technology Ltd. (NASDAQ:BHAT) has seen a surge in interest in hedge funds recently. Fujian Blue Hat Interactive Entertainment Technology Ltd. (NASDAQ:BHAT) was in the portfolios of 3 hedge funds at the end of the first quarter of 2021. The all-time high for this statistic is 3. This means that the bullish number of hedge fund positions in this stock is currently at its all-time high. Our calculations also showed that BHAT is not one of the The 30 most popular stocks among hedge funds (Click for Q1 rankings).

There are a large number of formulas in today’s marketplace that shareholders use to value stocks. A duo of the most underrated formulas are hedge fund and insider trading moves. Our experts have shown that historically those who follow the top picks of the top fund managers can outperform the broader indices by a healthy amount (see the details here). Additionally, our monthly newsletter’s long stock selection portfolio returned 206.8% since March 2017 (through May 2021), outperforming the S&P 500 index by more than 115 percentage points. You can download a sample copy of this newsletter on our website .

John Overdeck from Two Sigma

John Overdeck of Two Sigma Advisors

At Insider Monkey, we search multiple sources to discover the next great investment idea. For example, an activist hedge fund wants to buy this $ 26 biotech stock for $ 50. We have therefore recommended a long position to our subscribers to the monthly premium newsletter. We go lists like 10. by best battery stocks to pick the next Tesla that delivers a 10x return. While we recommend positions in just a tiny fraction of the companies we analyze, we review as many stocks as possible. We read letters from hedge fund investors and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our homepage. With this in mind, we’ll take a look at the new hedge fund promotion Fujian Blue Hat Interactive Entertainment Technology Ltd. (NASDAQ:BHAT).

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Do hedge funds think BHAT is a good stock to buy now?

At the end of the first quarter, a total of 3 of the hedge funds tracked by Insider Monkey were long in this stock, up 50% from the previous quarter. The graph below shows the number of hedge funds with a bullish position in BHAT over the past 23 quarters. So let’s take a look at which hedge funds were among the top holders in the stock and which hedge funds were making big strides.

When looking at institutional investors, followed by Insider Monkey, Renaissance Technologies has the leading position at Fujian Blue Hat Interactive Entertainment Technology Ltd. (NASDAQ: BHAT) with a value of almost 0.9 million portfolio. On the heels of Renaissance Technologies is Two Sigma consultants, managed by John Overdeck and David Siegel, who has a position of $ 0.1 million; less than 0.1% of the 13F portfolio is allocated to the company. In relation to the portfolio weights assigned to each position Renaissance technologies the largest weighting Fujian Blue Hat Interactive Entertainment Technology Ltd. (NASDAQ: BHAT), with around 0.0011% of its 13F portfolio. Two Sigma Advisors is also relatively bullish on the stock, referring to 0.0003 percent of its 13F stock portfolio for BHAT.

As industry interest skyrocketed, certain asset managers drove this upward trend. Two Sigma Advisors, led by John Overdeck and David Siegel, hold the largest position in Fujian Blue Hat Interactive Entertainment Technology Ltd. (NASDAQ: BHAT) initiated. Two Sigma Advisors had invested $ 0.1 million in the company at the end of the quarter. Ken Griffins Citadel investment group also made a $ 0.1 million investment in the stock during the quarter.

Let’s look at the hedge fund activity in other stocks that Fujian Blue Hat Interactive Entertainment Technology Ltd. (NASDAQ: BHAT) are similar. We will join PHX Minerals Inc. (NYSE:PHX), TESSCO Technologies, Inc. (NASDAQ:TESS), Biomerica, Inc. (NASDAQ:BMRA), EZGO Technologies Ltd. (NASDAQ:EZGO), NXT-ID Inc. (NASDAQ:NXTD), Ocuphire Pharma, Inc. (NASDAQ:deal) and Monaker Group, Inc. (NASDAQ:MKGI). The market capitalization of this group of stocks is similar to BHAT’s market capitalization.

[table] Ticker, number of HRs with positions, total value of HR positions (x1000), change in HR position PHX, 5.6822, -1 TESS, 2.4116, -1 BMRA, 1.153.0 EZGO, 2,372.2 NXTD, 1 , 21.1 OCUP, 4.1761.3 MKGI, 1.74, -1 average, 2.3.1903.0.4 [/table]

See table here when formatting problems occur.

As you can see, these stocks had an average of 2.3 hedge funds with bullish positions and the average amount invested in these stocks was $ 2 million. That number was $ 1 million in the case of BHAT. PHX Minerals Inc. (NYSE:PHX) is the most popular stock in this table. On the other hand, Biomerica, Inc. (NASDAQ:BMRA) is the least popular with only 1 bullish hedge fund positions. Fujian Blue Hat Interactive Entertainment Technology Ltd. (NASDAQ: BHAT) isn’t the most popular stock in this group, but interest in hedge funds is still above average. Our overall hedge fund sentiment score for BHAT is 61. Stocks with a higher number of hedge fund positions compared to other stocks and relative to their historical range receive a higher sentiment score. This is a slightly positive sign, but we prefer to spend our time researching stocks that are amassed by hedge funds. Our calculations have shown that Top 5 most popular stocks among hedge funds returned 95.8% in 2019 and 2020, outperforming the S&P 500 ETF (SPY) by 40 percentage points. These stocks rose 17.2% through June 11, 2021, again beating the market 3.3 percentage points. Unfortunately, BHAT wasn’t nearly as popular as these 5 stocks and hedge funds that bet on BHAT were disappointed as the stock returned -35.3% since late March (through 11/6) and lagged the market. If you’re interested in investing in large-cap stocks with big upside potential, this is the place to go Top 5 most popular stocks among hedge funds, as many of these stocks have already outperformed the market since 2019.

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Disclosure: None. This article was originally published at Insider monkey.

Related content

Blue Hat Interactive Leisure Expertise Declares $7.59 Million Registered Direct Providing

XIAMEN, CHINA, February 1, 2021 / PRNewswire / – Blue Hat interactive entertainment technology (NASDAQ: BHAT), a leading producer, developer and operator of interactive entertainment games, toys and educational materials for augmented reality in Chinaannounced today that it has entered into a securities purchase agreement with two institutional investors to buy and sell 7,160,000 shares of common stock at a price of $ 1.06 per share in a registered direct offering, resulting in gross proceeds of total $ 7,589,600before deduction of agent fees and other estimated bid costs. The Company has also agreed to issue unregistered warrants to investors to purchase up to 3,580,000 common shares in a concurrent private placement. The warrants have an exercise price of $ 1.33 per share, can be exercised immediately and expires three years after the date of issue.

FT Global Capital, Inc. is acting as the sole placement agent in this offering.

The Registered Direct Offering and Private Placement are expected to close on or around the close February 3, 2021subject to the usual closing conditions. Immediately after the completion of the offer and after the issue of the 7,160,000 ordinary shares under the registered direct offering takes effect, 46,973,660 ordinary shares are in circulation.

A shelf registration statement on Form F-3 (File Number 333-249056) in respect of the common stock to be issued in the direct registered offering was previously filed with the Securities and Exchange Commission (the “SEC”) on September 25, 2020 and declared effective by the SEC on October 6, 2020. Such shares are only offered by means of a prospectus. A prospectus supplement and the accompanying prospectus and description of the terms of the registered direct offering will be filed with the SEC and available on the SEC’s website at www.sec.gov.

The unregistered warrants described above were in a private placement pursuant to Section 4 (a) (2) of the Securities Act of 1933, as amended (the “Act”) and Regulation D promulgated therein, and together with the warrants were not registered under statute or applicable state securities laws. Accordingly, the warrants and underlying common stock may not be offered or sold The United States except under an effective registration statement or applicable exemption from the registration requirements of the Act and such applicable state securities laws.

This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor may any sale of these securities take place in any country in which such offer, solicitation or sale may be made prior to registration or qualification such jurisdiction would be unlawful under securities laws.

About Blue Hat

Blue Hat Interactive Entertainment Technology is a manufacturer, developer and operator of interactive AR entertainment games and toys in ChinaThese include interactive teaching materials, cell phone games, and toys with cell phone game functions. The company’s interactive entertainment platform creates unique user experiences by connecting physical objects to mobile devices. By integrating real objects and virtual landscapes, a rich visual and interactive environment is created for users. Blue Hat stands out for its own technology and aims to create an engaging, interactive and immersive community for its users. For more information, please visit the company’s Investor Relations website at https://ir.bluehatgroup.com. The company regularly posts important information on its website.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions about future events or future company performance. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date of publication. In evaluating such statements, prospective investors should carefully consider various risks and uncertainties identified in this press release and the points set out in the company’s SEC filings. These risks and uncertainties could cause the company’s actual results to differ materially from those expressed in the forward-looking statements.

Contacts:

Blue Hat Interactive Entertainment Technology
Phone: +86 (592) 228-0010
E-mail: [email protected]

Investor Relations:

The Equity Group Inc. In China
Adam Prior, Senior Vice President Lucy ma, Associate
(212) 836-9606 +86 10 5661 7012
[email protected] [email protected]

SOURCE Blue Hat Interactive Entertainment Technology