Diamond Hill Capital, an investment management company, released its “Small Cap Fund” first-quarter 2024 investor letter. A copy of the letter can be downloaded here. The market delivered positive returns in a volatile first quarter across most regions. Diamond Hill Small Cap Fund outperformed its benchmark, the Russell 2000 Index, in Q1 and returned 7.11% while the benchmark return was 5.18% during the same period. In addition, you can check the top 5 holdings of the fund to know its best picks in 2024.
Diamond Hill Small Cap Fund featured stocks like Centrus Energy Corp. (AMEX:LEU) in the first quarter 2024 investor letter. Established in 1998, Centrus Energy Corp. (AMEX:LEU) is a nuclear fuel components and services supplier for the nuclear power industry. On May 14, 2024, Centrus Energy Corp. (AMEX:LEU) stock closed at $43.25 per share. One-month return of Centrus Energy Corp. (AMEX:LEU) was 6.29%, and its shares gained 37.39% of their value over the last 52 weeks. Centrus Energy Corp. (AMEX:LEU) has a market capitalization of $694.111 million.
Diamond Hill Small Cap Fund stated the following regarding Centrus Energy Corp. (AMEX:LEU) in its first quarter 2024 investor letter:
“Other bottom Q1 contributors included Centrus Energy Corp. (AMEX:LEU) and Douglas Dynamics. Shares of nuclear fuel and services provider Centrus took a breather after a strong Q4 tied to the market’s recognition of the growing supply/demand imbalance in uranium.”
An aerial view of a nuclear plant, its domes casting a unique shadow.
Centrus Energy Corp. (AMEX:LEU) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 12 hedge fund portfolios held Centrus Energy Corp. (AMEX:LEU) at the end of the fourth quarter which was 6 in the previous quarter.
In another article we discussed about Centrus Energy Corp. (AMEX:LEU) and shared the list of oversold energy stocks you can buy. In addition, please check out our hedge fund investor letters Q1 2024 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.