Alluvial Capital Management, an investment management firm, published its first quarter 2021 investor letter – a copy of which can be downloaded here. A return of 12.4% was delivered by the fund for the Q1 of 2021, outperforming the MSCI World Sm+MicroCap NR benchmark that delivered a 9.8% return, but below the Russell MicroCap TR and Russell 2000 TR index that had a 23.9% and 12.7% gains respectively for the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Alluvial Capital Management, in their Q1 2021 investor letter, mentioned Nuvera Communications, Inc. (NYSE: NUVR), and shared their insights on the company. Nuvera Communications, Inc., Inc. is a New Ulm, Minnesota-based communication solutions provider that currently has a $123.9 million market capitalization. Since the beginning of the year, NUVR delivered a 23.32% return, extending its 12-month gains to 40.00%. As of April 30, 2021, the stock closed at $23.80 per share.
Here is what Alluvial Capital Management has to say about Nuvera Communications, Inc. in their Q1 2021 investor letter:
“Our twin domestic rural telecoms, LICT and Nuvera Communications, are trading at all-time highs. Each continues to invest in its network and return cash to shareholders. The market is undoubtedly eyeing an increase in subsidies that may result from any infrastructure bill that is signed into law, but also the attractiveness of fiber assets in an era where highspeed internet is virtually essential for modern life.”
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