Published on 25 Jul 2023 on Insider Monkey via Yahoo Finance
Should You Invest in Preformed Line Products Company (PLPC)?
Alluvial Capital Management, an investment advisory firm, released its second-quarter 2023 investor letter. A copy of the same can be downloaded here. The second quarter was strong for the fund and returned 9.0% compared to 5.3% for the Russell 2000 Index and 4.8% for the Russell Microcap Index. Since inception and year-to-date, the fund remains well ahead of benchmarks. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.
Alluvial Capital Management highlighted stocks like Preformed Line Products Company (NASDAQ:PLPC) in the second quarter 2023 investor letter. Headquartered in Mayfield, Ohio, Preformed Line Products Company (NASDAQ:PLPC) designs and manufactures products and systems used in the construction and maintenance of overhead and underground networks for energy, telecommunication, cable operators, information, and other similar industries. On July 24, 2023, Preformed Line Products Company (NASDAQ:PLPC) stock closed at $175.80 per share. One-month return of Preformed Line Products Company (NASDAQ:PLPC) was 2.59%, and its shares gained 193.49% of their value over the last 52 weeks. Preformed Line Products Company (NASDAQ:PLPC) has a market capitalization of $870.718 million.
Alluvial Capital Management made the following comment about Preformed Line Products Company (NASDAQ:PLPC) in its second quarter 2023 investor letter: