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Carillon Tower Advisers, an investment management firm, published its “Carillon Eagle Small Cap Growth Fund” first quarter 2021 investor letter – a copy of which can be downloaded here. Small-cap stocks advanced once again in the first quarter of 2021. However, there was a rather considerable disparity among the two style indexes, as the Russell 2000® Growth Index (up 4.87%) significantly lagged its Russell 2000® Value Index counterpart (up 21.16%). You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Carillon Eagle Small Cap Growth Fund, in their Q1 2021 investor letter, mentioned Rush Street Interactive, Inc. (NYSE: RSI), and shared their insights on the company. Rush Street Interactive, Inc. is a Chicago, Illinois-based regulated online casinos operator that currently has a $2.8 billion market capitalization. Since the beginning of the year, RSI delivered a -39.54% return, while its 12-month gains are up by 33.71%. As of May 04, 2021, the stock closed at $12.67 per share.
Here is what Carillon Eagle Small Cap Growth Fund has to say about Rush Street Interactive, Inc. in their Q1 2021 investor letter:
"Rush Street Interactive is a leading online casino (iGaming) and sports gambling company. The stock underperformed due to some profit taking following very strong performance in the prior quarter. The firm reported strong results in its quarterly report and raised its revenue guidance for 2021. We continue to be bullish on the prospects for iGaming expansion and we expect Rush Street to benefit as this unfolds."
Our calculations show that Rush Street Interactive, Inc. (NYSE: RSI) 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, Rush Street Interactive, Inc. was in 26 hedge fund portfolios. RSI delivered a -35.88% return in the past 3 months.
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Disclosure: None. This article is originally published at Insider Monkey.