Published on 27 Feb 2023 on Insider Monkey via Yahoo Finance

Here’s Why Core Laboratories N.V. (CLB) Outperformed in Q4

Alger Capital, an investment management company, released its “Alger Weatherbie Specialized Growth Fund” fourth quarter 2022 investor letter. A copy of the same can be downloaded here. During the quarter, Class A shares of the fund underperformed the Russell 2500 Growth Index. The fund returned 3.01% (without sales charges) compared to 4.72% for the benchmark. The Energy and Industrials sectors contributed to the fund’s relative performance in the quarter, while Information Technology and Health Care sectors detracted from performance. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.

Alger Weatherbie Specialized Growth Fund highlighted stocks like Core Laboratories N.V. (NYSE:CLB) in the Q4 2022 investor letter. Headquartered in Amstelveen, the Netherlands, Core Laboratories N.V. (NYSE:CLB) provides reservoir description and enhancement services and products energy industry. On February 24, 2023, Core Laboratories N.V. (NYSE:CLB) stock closed at $23.85 per share. One-month return of Core Laboratories N.V. (NYSE:CLB) was -4.14%, and its shares lost 13.46% of their value over the last 52 weeks. Core Laboratories N.V. (NYSE:CLB) has a market capitalization of $1.112 billion.