Viemed Healthcare (VMD) Executes on its Core Growth Strategy
Investment management company Cove Street Capital recently released its “Small Cap Value Fund” first quarter 2023 investor letter. A copy of the same can be downloaded here. In the first quarter, the fund returned 2.83% compared to 2.74% for the Russell 2000 Index and -0.66% for the Russell 2000 Value Index. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.
Cove Street Capital Small Cap Value Fund highlighted stocks like Viemed Healthcare, Inc. (NASDAQ:VMD) in the first quarter 2023 investor letter. Headquartered in Lafayette, Louisiana, Viemed Healthcare, Inc. (NASDAQ:VMD) is a home healthcare solutions provider. On April 10, 2023, Viemed Healthcare, Inc. (NASDAQ:VMD) stock closed at $10.37 per share. One-month return of Viemed Healthcare, Inc. (NASDAQ:VMD) was 11.03%, and its shares gained 95.29% of their value over the last 52 weeks. Viemed Healthcare, Inc. (NASDAQ:VMD) has a market capitalization of $395.816 million.
Cove Street Capital Small Cap Value Fund made the following comment about Viemed Healthcare, Inc. (NASDAQ:VMD) in its Q1 2023 investor letter:
“Viemed Healthcare, Inc. (NASDAQ:VMD) continues to execute on its core growth strategy of adding to their geographic footprint of respiratory services and recovering from what we call a “rogue” US government commission that erroneously accused the company of mismanagement in their Medicare billing. The company was completely vindicated, and the stock partially reflects the end of that overhang.”
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Viemed Healthcare, Inc. (NASDAQ:VMD) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 15 hedge fund portfolios held Viemed Healthcare, Inc. (NASDAQ:VMD) at the end of the fourth quarter which was 13 in the previous quarter.
We discussed Viemed Healthcare, Inc. (NASDAQ:VMD) in another article and shared Cove Street Capital's views on the company in the previous quarter. In addition, please check out our hedge fund investor letters Q1 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.
