Is Dorman Products (DORM) A Smart Long-Term Buy?
Conestoga Capital Advisors, a boutique, independent investment management firm, published its fourth-quarter 2020 ‘Small Cap Growth & SMid Cap Growth’ Investor Letter – a copy of which can be downloaded here. A net return of 31% was recorded by Conestoga’s Small Cap Growth fund and 19.72% return by its SMid Cap Growth Fund for the the end year 2020. Both performed below their Russell 2000 Growth and Russell 2500 Growth benchmarks that delivered a 34.63% and 25.89% return respectively. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Conestoga Capital Advisors, in their Q4 2020 investor letter, emphasized that Dorman Products, Inc. (NASDAQ: DORM) is among their Small Cap Growth Fund’s top 5 laggards. Dorman Products, Inc. is a Pennsylvania-based company that offers home hardware and automotive products. It currently has a $3.4 billion market capitalization. Since the beginning of the year, DORM is up 22.77%, extending its 12-month gains to 80.23%. As of March 5, the stock closed at $106.59 per share.