Published on 21 Jul 2024 on Insider Monkey · via Yahoo Finance
Should You be Optimistic on the Positive Developments in Par Technology...
Choice Equities Capital Management, a hedge fund manager, recently released its second-quarter 2024 investor letter. A copy of the letter can be downloaded here. In the second quarter, the fund lost -5.8% on a net basis bringing year-to-date gain to +7.5% compared to the Russell 2000’s -3.3% loss for the quarter and +1.7% gain for YTD. Since its inception in 2017, the fund has generated annualized gains of +13.5% versus +7.1% and +14.6% returns for the indexes. In addition, please check the fund’s top five holdings to know its best picks in 2024.
Choice Equities Fund highlighted stocks like PAR Technology Corporation (NYSE:PAR) in the second quarter 2024 investor letter. PAR Technology Corporation (NYSE:PAR) offers omnichannel cloud-based hardware and software solutions to the restaurant and retail industries. The one-month return of PAR Technology Corporation (NYSE:PAR) was 8.93%, and its shares gained 44.73% of their value over the last 52 weeks. On July 31, 2024, PAR Technology Corporation (NYSE:PAR) stock closed at $50.64 per share with a market capitalization of $1.721 billion.