1 month ago
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Soumya Eswaran
Wed, July 8, 2026 astatine 7:17 AM CDT 3 min read
Palm Valley Capital Management, an concern absorption firm, has issued the second-quarter 2026 capitalist missive for the "Palm Valley Capital Fund." A transcript of the missive tin beryllium downloaded here. In the 2nd quarter, the fund's capitalist people gained 1.80%, portion the S&P SmallCap 600 roseate 19.7% and the Morningstar Small Cap Total Return Index returned 14.0%. The Strategy chiefly focused connected small-cap categories, allocating 75% to currency equivalents. This led to underperformance comparative to benchmarks. The Fund is presently seeking much small-cap opportunities that conscionable its instrumentality criteria and volition enactment swiftly if marketplace conditions improve. The Index benefited from beardown contributions from information halfway operation and biotech sectors, portion the vigor manufacture lagged. Additionally, reviewing the fund's apical 5 holdings tin uncover its champion investments successful 2026.
In its second-quarter 2026 capitalist letter, Palm Valley Capital Management highlighted TrueBlue, Inc. (NYSE:TBI). TrueBlue, Inc. (NYSE:TBI) is simply a specialized workforce solutions provider. On July 7, 2026, TrueBlue, Inc. (NYSE:TBI) closed astatine $8.00 per share, reflecting a marketplace capitalization of $243.2 million. TrueBlue, Inc. (NYSE:TBI) posted a one-month instrumentality of 22.14%, portion its shares gained 20.66% implicit the past 52 weeks.
Palm Valley Capital Management stated the pursuing regarding TrueBlue, Inc. (NYSE:TBI) successful its Q2 2026 capitalist letter:
"The Fund's apical contributors successful the 2nd 4th were Kelly Services (ticker: KELYA), TrueBlue, Inc. (NYSE:TBI), and Heartland Express (ticker: HTLD). TrueBlue's banal seems to beryllium reacting to improving request for concern staffing, which according to manufacture associations was increasing 10% supra the anterior twelvemonth successful May, but fell to 2% by mid-June. TrueBlue is participating successful the information halfway roar done important maturation successful its vigor projects, but the institution hasn't yet converted this into affirmative earnings. TrueBlue besides ended its proxy conflict with EHS Investments successful April by entering into a practice agreement, and the institution received (and rejected) different acquisition connection for its PeopleReady conception from rival HireQuest. While we proceed to judge TrueBlue's profitability volition bounce, the company's mediocre execution the past fewer years leaves america cautious astir sizing the position."
TrueBlue, Inc. (NYSE:TBI) is not connected our database of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 12 hedge money portfolios held TrueBlue, Inc. (NYSE:TBI) astatine the extremity of the archetypal quarter, compared to 17 successful the erstwhile quarter. In Q1 2026,TrueBlue, Inc. (NYSE:TBI) reported gross of $399 million, marking an 8% year-over-year increase. While we admit the imaginable of TrueBlue, Inc. (NYSE:TBI) arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.
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