Horos Asset Management, an investment management company, recently released its second quarter 2022 investor letter. A copy of the same can be downloaded here. Since its inception, in May 2018, Horos Value Internacional has returned 19.8% and Horos Value Iberia has returned 7.1%. For more information on the fund’s top picks in 2022, please check its top five holdings.
Horos Asset Management discussed stocks like Ramaco Resources, Inc. (NASDAQ:METC) in its Q2 2022 investor letter. Headquartered in Lexington, Kentucky, Ramaco Resources, Inc. (NASDAQ:METC) is a metallurgical coal producer and distributor. It has a market capitalization of $508.598 Million. The stock of Ramaco Resources, Inc. (NASDAQ:METC) closed at $11.54 per share on August 19, 2022. One-month return of Ramaco Resources, Inc. (NASDAQ:METC) was 4.62% and its shares gained 40.56% of their value over the last 52 weeks.
Here is what Horos Asset Management specifically said about Ramaco Resources, Inc. (NASDAQ:METC):
“Finally, this quarter we reinvested (for the third time in about a year) in the metallurgical coal producer Ramaco Resources. The share price decline, due to fears of a major economic recession, created a new window of opportunity to invest in one of the companies in the sector with the best prospects for the coming years and, moreover, one of the few with a management team fully aligned with the interests of its shareholders (the company’s management and board own close to 50% of the shares).”
Copyright: vyacheslavsvetlichnyy / 123RF Stock Photo
Although Horos Asset Management invested in Ramaco Resources, Inc. (NASDAQ:METC), it is in not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 11 hedge fund portfolios held Ramaco Resources, Inc. (NASDAQ:METC) at the end of the first quarter which was 22 in the previous quarter.
We discussed Ramaco Resources, Inc. (NASDAQ:METC) in another article and shared Horos Asset Management’s views about the company in the previous quarter. In addition, please check out our hedge fund investor letters Q2 2022 page for more investor letters from hedge funds and other leading investors.
Disclosure: None. This article is originally published at Insider Monkey.