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Ryder Capital Ltd. ( (AU:RYD) ) just unveiled an announcement.
In July, Ryder Capital Limited reported a pre-tax NTA increase of 7.06%, driven by strong performances from Lumos Diagnostics, Tetratherix, Amplitude Energy, and Airtasker. Lumos was a significant contributor, accounting for 40% of the monthly return, following a major distribution agreement for its FebriDx product. The company also participated in Tetratherix’s successful IPO and saw positive developments in other portfolio companies. Ryder Capital continued to strategically adjust its portfolio, adding to existing positions and acquiring new holdings, funded by cash and trimming successful investments.
More about Ryder Capital Ltd.
Ryder Capital Limited, listed in September 2015, is managed by Ryder Investment Management Pty Ltd, a Sydney-based boutique fund manager. The company specializes in a high-conviction, value-driven investment strategy focusing on small-cap Australian equities. Their approach emphasizes medium to long-term investments, aiming to exceed the RBA Cash rate by 4.25% per annum, and is characterized by a concentrated portfolio and a focus on generating strong absolute returns.
Average Trading Volume: 64,029
Technical Sentiment Signal: Buy
See more insights into RYD stock on TipRanks’ Stock Analysis page.