Published on 3 May 2023 on Insider Monkey via Yahoo Finance
Multiple Reasons for the Decline of Kornit Digital Ltd. (KRNT)
Liberty Park Capital Management, LLC, a financial management company, released its first quarter 2023 investor letter. A copy of the same can be downloaded here. Liberty Park Fund rose 7.45%, net of fees, in the first quarter compared to the Russell 2000 Index’s 2.74% return. The long position of the fund gained 6.02% while the short position fell 1.25% in the quarter. The long position contributed 6.16% and the short position contributed 1.08% on a weight-adjusted basis. Liberty Park Select Opportunities, LP’s value returned 0.57%, net of fees in the first quarter. In addition, please check the fund’s top five holdings to know its best picks in 2023.
Liberty Park Capital highlighted stocks like Kornit Digital Ltd. (NASDAQ:KRNT) in the first quarter 2023 investor letter. Headquartered in Rosh HaAyin, Israel, Kornit Digital Ltd. (NASDAQ:KRNT) develops and manufactures industrial and commercial printing solutions for garments, apparel, and textile industries. On May 02, 2023, Kornit Digital Ltd. (NASDAQ:KRNT) stock closed at $17.87 per share. One-month return of Kornit Digital Ltd. (NASDAQ:KRNT) was 0.17%, and its shares lost 75.59% of their value over the last 52 weeks. Kornit Digital Ltd. (NASDAQ:KRNT) has a market capitalization of $893.521 million.
Liberty Park Capital made the following comment about Kornit Digital Ltd. (NASDAQ:KRNT) in its Q1 2023 investor letter: