LGI Homes (LGIH)’s Impressive Performance Contributed Greatly in Wasatch Global’s Portfolio
Wasatch Global Investors, an investment management firm, published its “Wasatch Small Cap Growth Fund” first quarter 2021 investor letter – a copy of which can be downloaded here. A return of 4.08% was recorded by the fund’s investor class for the Q1 of 2021, trailing the benchmarks, Russell 2000 Growth Index, that increased 4.88%, and the Russell 2000 Index that rose to 12.70% for the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Wasatch Small Cap Growth Fund, in its Q1 2021 investor letter, mentioned LGI Homes, Inc. (NASDAQ: LGIH), and shared their insights on the company. LGI Homes, Inc. is a Texas, United States-based construction company that currently has a $4.1 billion market capitalization. Since the beginning of the year, LGIH delivered a 57.30% return, extending its 12-month gains to 138.30%. As of May 10, 2021, the stock closed at $181.07 per share.