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Kinsale Capital Group Announces Second Quarter 2021 Earnings Release Date and Conference Call
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Pay of local publicly traded company CEOs rose 26 percent in 2020
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Construction firm Katerra’s bankruptcy filing won’t stall apartment projects
Photos by Jonathan Spiers)
Two apartment developments on opposite sides of the river will remain active and on schedule despite their general contractor’s recent bankruptcy filing, the developer behind those projects said this week.
Tennessee-based Bristol Development Group said it is continuing on with its Artistry at Winterfield and Tapestry West apartments amid the Chapter 11 filing from Katerra, the construction company it enlisted for both Richmond-area projects.
California-based Katerra made the filing Sunday after it was unable to procure bonding for projects following the insolvency proceedings of former lender Greensill Capital, according to media reports. A statement on Katerra’s website also attributed the filing to industry impacts from the pandemic and unsuccessful attempts to secure additional capital.
Is It Too Late to Buy Kinsale Capital Group (KNSL) Stock?
Baron Discovery Fund recently published its first-quarter commentary – a copy of which can be downloaded here. During the first quarter of 2021, the Baron Discovery Fund returned 7.5% (institutional shares). This was 2.59% higher than the Russell 2000 Growth Index, the Fund’s primary benchmark index. You should check out Baron Discovery Fund’s top 5 stock picks for investors to buy right now, which could be the biggest winners of 2021.
In the Q1 2021 Investor Letter, the fund highlighted a few stocks and Kinsale Capital Group Inc. (NASDAQ:KNSL) is one of them. Kinsale Capital Group Inc. (NASDAQ:KNSL) is an insurance company. In the last three months, Kinsale Capital Group Inc. (NASDAQ:KNSL) stock lost 20% and on May 14th it had a closing price of $161.53. Here is what the fund said:
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