Published on 13 Feb 2024 on Insider Monkey via Yahoo Finance
Here’s Why CoreCard Corporation (CCRD) Detracted in Q4
Long Cast Advisers, an investment management firm, released its fourth quarter 2023 investor letter, a copy of which can be downloaded here. While the major indices saw double-digit gains in certain situations, the cumulative returns of the fund for the 4Q23 quarter (which ended on December 31, 2023) were -8%. Cumulative net returns were +10% for the year. LCA has returned a total of 165% net of fees, or 13% CAGR, since its launch in November 2015 through the end of the third quarter of 2023. Examine the top 5 holdings of the fund for a brief understanding of their best picks for 2023.
Long Cast Advisers featured stocks such as CoreCard Corporation (NYSE:CCRD) in the fourth quarter 2023 investor letter. Headquartered in Norcross, Georgia, CoreCard Corporation (NYSE:CCRD) provides technology solutions and processing services to the financial technology and services industry. On February 12, 2024, CoreCard Corporation (NYSE:CCRD) stock closed at $13.03 per share. One-month return of CoreCard Corporation (NYSE:CCRD) was 7.07%, and its shares lost 62.70% of their value over the last 52 weeks. CoreCard Corporation (NYSE:CCRD) has a market capitalization of $109.978 million.
Long Cast Advisers stated the following regarding CoreCard Corporation (NYSE:CCRD) in its fourth quarter 2023 investor letter: