Professional
Added to YB: 2024-05-07
Pitch date: 2024-05-06
ENDI [bullish]
CrossingBridge Advisors, LLC
+111.64%
current return
Author Info
Cedar Creek Partners provides deep-dive research on undervalued companies. Follow on Twitter/X.
Company Info
CrossingBridge Advisors, LLC is a publicly owned investment manager. It primarily provides its services to investment companies.
Market Cap
$124.8M
Pitch Price
$7.99
Price Target
11.50 (-32%)
Dividend
N/A
EV/EBITDA
55.33
P/E
37.81
EV/Sales
11.27
Sector
Capital Markets
Category
value
Cedar Creek Partners Added On Portfolio Holding: CrossingBridge Advisors, LLC
ENDI: Asset manager at 6x earnings net of cash. AUM grew from $1.5B in 2022 to $2.9B today via acquisitions. Insiders own 53%. Estimate $0.86 EPS in 2024, rapid cash build to $2.30/share by year-end. Fair value $9.75-$11.50 based on 8-10x earnings + cash. Illiquid stock.
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