Published on 17 Oct 2023 on Insider Monkey via Yahoo Finance
Should You Exit CalAmp Corp. (CAMP)?
Aristotle Capital Boston, LLC, an investment advisor, released its “Small Cap Equity Strategy” third quarter 2023 investor letter. A copy of the same can be downloaded here. In the third quarter, the fund delivered a return of -5.77% net of fees (-5.57% gross of fees), trailing the Russell 2000 Index’s -5.13% total return. Both security selection and allocation effects drove the underperformance of the strategy in the quarter. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.
Aristotle Capital Small Cap Equity Strategy highlighted stocks like CalAmp Corp. (NASDAQ:CAMP) in the third quarter 2023 investor letter. Headquartered in Irvine, California, CalAmp Corp. (NASDAQ:CAMP) is a connected intelligence company. On October 16, 2023, CalAmp Corp. (NASDAQ:CAMP) stock closed at $0.2435 per share. One-month return of CalAmp Corp. (NASDAQ:CAMP) was -46.06%, and its shares lost 93.22% of their value over the last 52 weeks. CalAmp Corp. (NASDAQ:CAMP) has a market capitalization of $9.23 million.
Aristotle Capital Small Cap Equity Strategy made the following comment about CalAmp Corp. (NASDAQ:CAMP) in its Q3 2023 investor letter: