Published on 14 Mar 2023 on Insider Monkey via Yahoo Finance
What Makes Core Laboratories N.V. (CLB) an Attractive Investment?
Ariel Investments, an investment management company, released its “Ariel Small-Cap Value Strategy” fourth-quarter investor letter. A copy of the same can be downloaded here. In the fourth quarter, the Ariel Small Cap Value Tax-Exempt Composite gained 13.37% gross of fees compared to an 8.42% return for the Russell 2000 Value Index and a 6.23% gain for the Russell 2000 Index. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.
Ariel Small-Cap Value Strategy highlighted stocks like Core Laboratories N.V. (NYSE:CLB) in the Q4 2022 investor letter. Headquartered in Amstelveen, the Netherlands, Core Laboratories N.V. (NYSE:CLB) provides reservoir description and enhancement services and products to the energy industry. On March 14, 2023, Core Laboratories N.V. (NYSE:CLB) stock closed at $21.50 per share. One-month return of Core Laboratories N.V. (NYSE:CLB) was -14.14%, and its shares lost 29.62% of their value over the last 52 weeks. Core Laboratories N.V. (NYSE:CLB) has a market capitalization of $1.003 billion.
Ariel Small-Cap Value Strategy made the following comment about Core Laboratories N.V. (NYSE:CLB) in its Q4 2022 investor letter: