Is Nuvera Communications Inc. (NUVR) A Smart Long-Term Buy?
Alluvial Capital Management, an investment management firm, published its first quarter 2021 investor letter – a copy of which can be downloaded here. A return of 12.4% was delivered by the fund for the Q1 of 2021, outperforming the MSCI World Sm+MicroCap NR benchmark that delivered a 9.8% return, but below the Russell MicroCap TR and Russell 2000 TR index that had a 23.9% and 12.7% gains respectively for the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Alluvial Capital Management, in their Q1 2021 investor letter, mentioned Nuvera Communications, Inc. (NYSE: NUVR), and shared their insights on the company. Nuvera Communications, Inc., Inc. is a New Ulm, Minnesota-based communication solutions provider that currently has a $123.9 million market capitalization. Since the beginning of the year, NUVR delivered a 23.32% return, extending its 12-month gains to 40.00%. As of April 30, 2021, the stock closed at $23.80 per share.