Here’s Why Carillon Tower Advisers “Continue to be Bullish” in Rush Street Interactive (RSI)

Carillon Tower Advisers, an investment management firm, published its “Carillon Eagle Small Cap Growth Fund” first quarter 2021 investor letter – a copy of which can be downloaded here. Small-cap stocks advanced once again in the first quarter of 2021. However, there was a rather considerable disparity among the two style indexes, as the Russell 2000® Growth Index (up 4.87%) significantly lagged its Russell 2000® Value Index counterpart (up 21.16%). You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.

Carillon Eagle Small Cap Growth Fund, in their Q1 2021 investor letter, mentioned Rush Street Interactive, Inc. (NYSE: RSI), and shared their insights on the company. Rush Street Interactive, Inc. is a Chicago, Illinois-based regulated online casinos operator that currently has a $2.8 billion market capitalization. Since the beginning of the year, RSI delivered a -39.54% return, while its 12-month gains are up by 33.71%. As of May 04, 2021, the stock closed at $12.67 per share.

Here is what Carillon Eagle Small Cap Growth Fund has to say about Rush Street Interactive, Inc. in their Q1 2021 investor letter:

“Rush Street Interactive is a leading online casino (iGaming) and sports gambling company. The stock underperformed due to some profit taking following very strong performance in the prior quarter. The firm reported strong results in its quarterly report and raised its revenue guidance for 2021. We continue to be bullish on the prospects for iGaming expansion and we expect Rush Street to benefit as this unfolds.”

Pixabay/Public Domain

Our calculations show that Rush Street Interactive, Inc. (NYSE: RSI) does not belong in our list of the 30 Most Popular Stocks Among Hedge Funds. As of the end of the fourth quarter of 2020, Rush Street Interactive, Inc. was in 26 hedge fund portfolios. RSI delivered a -35.88% return in the past 3 months.

The top 10 stocks among hedge funds returned 231.2% between 2015 and 2020, and outperformed the S&P 500 Index ETFs by more than 126 percentage points. We know it sounds unbelievable. You have been dismissing our articles about top hedge fund stocks mostly because you were fed biased information by other media outlets about hedge funds’ poor performance. You could have doubled the size of your nest egg by investing in the top hedge fund stocks instead of dumb S&P 500 ETFs. Here you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.

At Insider Monkey, we scour multiple sources to uncover the next great investment idea. For example, Federal Reserve has been creating trillions of dollars electronically to keep the interest rates near zero. We believe this will lead to inflation and boost real estate prices. So, we recommended this real estate stock to our monthly premium newsletter subscribers. We go through lists like the 15 best innovative stocks to buy to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our website:

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