1. CPI Aerostructures Inc. ( CVU): Engages in the contract production of structural and other aircraft parts for prime defense contractors, the United States Air Force, and other branches of the armed forces. Market cap at $97.93M, most recent closing price at $11.67.

Net institutional purchases in the current quarter at 479.1K shares, which represents about 7.27% of the company's float of 6.59M shares. The top two holders of the stock are Austin W. Marxe & David M. Greenhouse (11.09%) and Rutabaga Capital Management, LLC (7.44%).

Diluted TTM earnings per share at 1.17, and a MRQ book value per share value at 10.08, implies a Graham Number fair value = sqrt(22.5*1.17*10.08) = $16.29. 

Based on the stock's price at $11.67, this implies a potential upside of 39.59% from current levels. 

PEG: 0.66

 

2. Heritage Oaks Bancorp ( HEOP): Operates as the holding company for Heritage Oaks Bank that provides commercial banking services to retail customers, and small to medium-sized businesses in California. Market cap at $158.82M, most recent closing price at $6.32.

Net institutional purchases in the current quarter at 1.9M shares, which represents about 13.71% of the company's float of 13.86M shares. The top two holders of the stock are Patriot Financial Partners GP, LP (14.63%) and Castle Creek Capital Partners IV, LP (9.79%).

Diluted TTM earnings per share at 0.56, and a MRQ book value per share value at 4.85, implies a Graham Number fair value = sqrt(22.5*0.56*4.85) = $7.82. 

Based on the stock's price at $6.32, this implies a potential upside of 23.69% from current levels. 

PEG: 0.72

 

3. Hardinge Inc. ( HDNG): Engages in the design, manufacture, and distribution of machine tools. Market cap at $170.98M, most recent closing price at $14.66.

Net institutional purchases in the current quarter at 638.5K shares, which represents about 5.62% of the company's float of 11.37M shares. The top two holders of the stock are Franklin Resources, Inc (8.16%) and Dimensional Fund Advisors LP (7.94%).

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