Aristotle Capital Boston, LLC, an investment advisor, released its “Small Cap Equity Strategy” fourth quarter 2022 investor letter. A copy of the same can be downloaded here. In the fourth quarter, the fund delivered a return of 12.12% net of fees, outperforming the 6.23% return of the Russell 2000 Index. Security selection contributed to the outperformance of the strategy in the quarter. Furthermore, the strategy benefitted from overweight allocation in Industrials and underweight exposure in Communication Services. For the calendar year, the strategy generated a ‐10.13% net of fees return compared to the Russell 2000 Index’s ‐20.44% return. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.
Aristotle Small Cap Equity Strategy highlighted stocks like Ardmore Shipping Corporation (NYSE:ASC) in its Q4 2022 investor letter. Headquartered in Pembroke, Bermuda, Ardmore Shipping Corporation (NYSE:ASC) is a seaborne transportation operator of petroleum products and chemicals. On March 24, 2023, Ardmore Shipping Corporation (NYSE:ASC) stock closed at $14.97 per share. One-month return of Ardmore Shipping Corporation (NYSE:ASC) was -18.51%, and its shares gained 237.92% of their value over the last 52 weeks. Ardmore Shipping Corporation (NYSE:ASC) has a market capitalization of $608.18 million.
Aristotle Small Cap Equity Strategy made the following comment about Ardmore Shipping Corporation (NYSE:ASC) in its Q4 2022 investor letter:
“Ardmore Shipping Corporation (NYSE:ASC), a product and chemical transportation company focused on modern mid‐sized “eco‐friendly” vessels, appreciated following record third quarter earnings driven by supportive industry supply‐demand fundamentals, higher spot rates and longer voyages. We maintain a position, as we believe the company continues to operate from a position of strength, driven by recent shareholder friendly capital allocation decisions,strong operating performance and a favorable industry supply‐demand backdrop.”
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Ardmore Shipping Corporation (NYSE:ASC) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 20 hedge fund portfolios held Ardmore Shipping Corporation (NYSE:ASC) at the end of the fourth quarter which was 17 in the previous quarter.
We discussed Ardmore Shipping Corporation (NYSE:ASC) in another article and shared the list of best multibagger stocks to buy. In addition, please check out our hedge fund investor letters Q4 2022 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.
