Diamond Hill Capital: “Ashland (ASH) is Proactive in Adjusting Pricing to Recover Costs”

Diamond Hill Capital Management, an investment advisor, released its “Small Cap Fund” second quarter 2022 investor letter. A copy of the same can be downloaded here. The second quarter was challenging for US stocks and the Russell 2000 Index fell by more than 17%. The volatile market condition affected the fund’s portfolio performance; however, the fund performed better compared to the Russell 2000 Index. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.

In the second quarter investor letter, Diamond Hill Capital Management discussed stocks like Ashland Inc. (NYSE:ASH). Headquartered in Wilmington, Delaware, Ashland Inc. (NYSE:ASH) operates through life sciences and specialty additives. On September 2, 2022, Ashland Inc. (NYSE:ASH) stock closed at $99.34 per share. One-month return of Ashland Inc. (NYSE:ASH) was -4.28% and its shares gained 5.76% of their value over the last 52 weeks. Ashland Inc. (NYSE:ASH) has a market capitalization of $5.378 billion.

Here is what Diamond Hill Capital Management specifically said about Ashland Inc. (NYSE:ASH):

“Other top contributors included Ashland Inc. (NYSE:ASH) and Natus Medical. Ashland Global Holdings, manufacturer of specialty chemicals for consumer and industrial markets, is benefiting from strong end-market demand in all segments and a positive mix shift. It has also been proactive in adjusting pricing to recover costs.”

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Ashland Inc. (NYSE:ASH) is not on the list of 30 Most Popular Stocks Among Hedge Funds. Ashland Inc. (NYSE:ASH) was held by 22 hedge fund portfolios at the end of the second quarter compared to 17 in the previous quarter.

We discussed Ashland Inc. (NYSE:ASH) in another article and shared Diamond Hill Capital’s views on the company. You can check out our hedge fund investor letters Q2 2022 page for more investor letters from hedge funds and other prominent investors.

Disclosure: None. This article is originally published at Insider Monkey.