Published on 17 Mar 2024 on Insider Monkey · via Yahoo Finance

Here’s Why GEN Restaurant Group (GENK) Declined in Q4

Wasatch Global Investors, an asset management company, released its “Wasatch Micro Cap Value Strategy” fourth-quarter 2023 investor letter. A copy of the same can be downloaded here. The strategy posted a double-digit gain in the fourth quarter but trailed the benchmark Russell Microcap Index which rose 16.06%. In 2023, the strategy appreciated and outperformed the benchmark’s 9.33% return. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.

Wasatch Micro Cap Value Strategy featured stocks like GEN Restaurant Group, Inc. (NASDAQ:GENK) in the fourth quarter 2023 investor letter. Headquartered in Cerritos, California, GEN Restaurant Group, Inc. (NASDAQ:GENK) operates restaurants. On March 12, 2024, GEN Restaurant Group, Inc. (NASDAQ:GENK) stock closed at $6.28 per share. One-month return of GEN Restaurant Group, Inc. (NASDAQ:GENK) was -27.48%, and its shares lost 19.80% of their value over the last 52 weeks. GEN Restaurant Group, Inc. (NASDAQ:GENK) has a market capitalization of $380.054 million.