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The latest update is out from Ryder Capital Ltd. ( (AU:RYD) ).
Ryder Capital reported a 0.95% increase in pre-tax NTA in February to $2.1887 per share, outperforming a weak small-cap market as the Small Ordinaries Index fell 2.57%. The company highlighted strong contributions from core holdings Lumos Diagnostics, Chrysos Corp, OFX Group and Macmahon Holdings, while Adore Beauty, Polymetals, Janison Education and BCI Minerals weighed on returns.
The manager used market volatility to add to existing positions such as OFX Group, Adore Beauty, Gentrack, Fineos and Symal on price weakness, while trimming winners including Macmahon Holdings and Hillgrove Resources and exiting Emeco Holdings and Ramelius Resources. Cash levels remained robust at about 17% of gross assets, supporting flexibility in deploying capital, and the portfolio continues to significantly outperform its RBA cash rate plus 4.25% hurdle over multiple periods since inception.
The most recent analyst rating on (AU:RYD) stock is a Hold with a A$2.50 price target. To see the full list of analyst forecasts on Ryder Capital Ltd. stock, see the AU:RYD Stock Forecast page.
More about Ryder Capital Ltd.
Ryder Capital Limited is an ASX-listed listed investment company focused on Australian small and micro-cap equities, managed by Sydney-based boutique fund manager Ryder Investment Management. The firm pursues a high-conviction, value-driven, absolute-return strategy, investing for medium to long-term capital growth while aiming to exceed the RBA cash rate plus 4.25%.
Average Trading Volume: 72,427
Technical Sentiment Signal: Buy
For detailed information about RYD stock, go to TipRanks’ Stock Analysis page.