Published on 9 Nov 2023 on Insider Monkey via Yahoo Finance
Enovis Corporation (ENOV) Shares Consolidated Gains on Investor Concerns
Diamond Hill Capital, an investment management company, released its “Small Cap Fund” third-quarter 2023 investor letter. A copy of the same can be downloaded here. During Q3 2023, US stocks fell by 3%, bringing YTD gains to around 12% as measured by the Russell 3000 Index. The portfolio trailed the Russell 2000 Index in Q3 and returned -5.62% bringing the YTD returns to 6.70%. Relative weakness in consumer discretionary holdings, industrials, and technology impacted the performance in the quarter. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.
Diamond Hill Small Cap Fund highlighted stocks like Enovis Corporation (NYSE:ENOV) in the third quarter 2023 investor letter. Headquartered in Wilmington, Delaware, Enovis Corporation (NYSE:ENOV) is a medical technology company. On November 8, 2023, Enovis Corporation (NYSE:ENOV) stock closed at $48.22 per share. One-month return of Enovis Corporation (NYSE:ENOV) was -2.25%, and its shares lost 7.00% of their value over the last 52 weeks. Enovis Corporation (NYSE:ENOV) has a market capitalization of $2.63 billion.
Diamond Hill Small Cap Fund made the following comment about Enovis Corporation (NYSE:ENOV) in its Q3 2023 investor letter: