Bright Horizons Family Solutions (BFAM) Reacted Positively to Quarterly Reports

Conestoga Capital Advisors, an asset management company, released its “SMid Cap Strategy” first-quarter 2024 investor letter. A copy of the letter can be downloaded here. The US economy appears to be headed for a softer landing and inflation is moderating. The strategy trailed the Russell 2500 Growth Index in the first quarter rising 4.29% net of fees versus the benchmark return of 8.51%. Sector allocation effects contributed to relative returns while stock selection detracted. Similar...