Wasatch Global Investors, an investment management firm, published its “Wasatch Micro Cap Fund” first quarter 2021 investor letter – a copy of which can be downloaded here. A return of 10.95% was recorded by the fund for the Q1 of 2021, trailing the benchmark, Russell Microcap Index, which rose 23.89% for the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Wasatch Micro Cap, in its Q1 2021 investor letter, mentioned Transcat, Inc. (NASDAQ: TRNS), and shared their insights on the company. Transcat, Inc. is a Rochester, New York-based calibration services provider that currently has a $365.2 million market capitalization. Since the beginning of the year, TRNS delivered a 41.46% return, extending its 12-month gains to 70.70%. As of May 07, 2021, the stock closed at $49.06 per share.
Here is what Wasatch Micro Cap has to say about Transcat, Inc. in its Q1 2021 investor letter:
“Transcat, Inc. (TRNS) was also a top contributor. The company provides calibration and laboratory-instrument services in the U.S. and other countries. Shares of Transcat moved sharply higher in February after earnings and revenues in the company’s most recent quarter topped Wall Street estimates. Net income rose 19% versus the year-ago quarter, with revenue in Transcat’s
services segment posting a 12% increase. Gross margins also improved as the company introduced software and automation to make its technicians more productive.”
Our calculations show that Transcat, Inc. (NASDAQ: TRNS) 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, Transcat, Inc. was in 6 hedge fund portfolios compared to 7 funds in the third quarter. TRNS delivered a 12.91% 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.
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