Investment management company Cove Street Capital recently released its “Small Cap Value Fund” fourth quarter 2022 investor letter. A copy of the same can be downloaded here. In the fourth quarter, the fund returned 7.82% compared to 6.23% for the Russell 2000 Index and 8.42% for the Russell 2000 Value Index. In 2022, the fund returned -10.34% compared to -20.44% decline for the Russell 2000 Index and -14.48% decline for the Russell 2000 Value Index. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.
Cove Street Capital highlighted stocks like Viemed Healthcare, Inc. (NASDAQ:VMD) in its Q4 2022 investor letter. Headquartered in Lafayette, Louisiana, Viemed Healthcare, Inc. (NASDAQ:VMD) is a US-based healthcare company that provides respiratory disease management solutions. On January 11, 2023, Viemed Healthcare, Inc. (NASDAQ:VMD) stock closed at $7.68 per share. One-month return of Viemed Healthcare, Inc. (NASDAQ:VMD) was 7.11%, and its shares gained 46.01% of their value over the last 52 weeks. Viemed Healthcare, Inc. (NASDAQ:VMD) has a market capitalization of $291.994 million.
Cove Street Capital made the following comment about Viemed Healthcare, Inc. (NASDAQ:VMD) in its Q4 2022 investor letter:
“The pre-identified risk in Viemed Healthcare, Inc. (NASDAQ:VMD) was always noted as a “government regulation and pricing risk.” While the company’s core offerings enable an efficient, at-home service to increasingly ill patients that enables breathing and allows them to avoid visits to the ER, that is not a view shared by some parts of the US government bureaucracy known as Centers for Medicare & Medicaid Services (CMS). Fortunately, the CMS overhang has largely been put behind them, and VMD has continued adding patients at a healthy growth rate. The stock price is moving upward in line with the growth of the business.”
al7/Shutterstock.com
Viemed Healthcare, Inc. (NASDAQ:VMD) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 13 hedge fund portfolios held Viemed Healthcare, Inc. (NASDAQ:VMD) at the end of the third quarter, which was 13 in the previous quarter.
We discussed Viemed Healthcare, Inc. (NASDAQ:VMD) in another article and shared the list of stocks to buy under $15 according to Canadian billionaire Prem Watsa. In addition, please check out our hedge fund investor letters Q4 2022 page for more investor letters from hedge funds and other leading investors.
Suggested Articles:
- 15 Best Growth Stocks To Buy
- 10 Most Fined Pharmaceutical Companies in the World
- 15 Mormon Owned Companies and Stocks
Disclosure: None. This article is originally published at Insider Monkey.
