Long Cast Advisers, LLC, a small-cap-focused investment manager, released its second quarter 2023 investor letter. A copy of the same can be downloaded here. The cumulative net returns of the fund for Q2 2023 were flat and year-to-date the fund’s return was 11%. The fund has returned a cumulative 166% net of fees, or 14% CAGR since inception in November 2015 through quarter end 2Q23. In addition, please check the fund’s top five holdings to know its best picks in 2023.
Long Cast Advisers highlighted stocks like Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) in the second quarter 2023 investor letter. Headquartered in Atlanta, Georgia, Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) is an environmental and technology know-how company. On September 25, 2023, Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) stock closed at $11.02 per share. One-month return of Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) was -10.11%, and its shares gained 139.57% of their value over the last 52 weeks. Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) has a market capitalization of $149.495 million.
Long Cast Advisers made the following comment about Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) in its Q2 2023 investor letter:
“Perma-Fix Environmental Services, Inc. (NASDAQ:PESI). Signs continue to point to a likely 2024/2025 start date for processing waste at Hanford. That alone will contribute +$2 / share in earnings. Seems worth the wait.”
Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 6 hedge fund portfolios held Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) at the end of second quarter which was 5 in the previous quarter.
We discussed Perma-Fix Environmental Services, Inc. (NASDAQ:PESI) in another article and shared Long Cast Advisers’ views on the company in the previous quarter. In addition, please check out our hedge fund investor letters Q2 2023 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.