Should You Hold and Stay Optimistic in MarketAxess Holdings

Should You Hold and Stay Optimistic in MarketAxess Holdings Inc. (MKTX)?


Should You Hold and Stay Optimistic in MarketAxess Holdings Inc. (MKTX)?
Richie Capital Group, an investment management firm, published its first quarter 2021 investor letter – a copy of which can be downloaded here.  A return of -12.3% was reported by the fund’s RCG Long Short Fund, -2.5% return by the fund’s RCG Long Only Fund, while its RCG Top 10 delivered a 0.59% gain for the Q1 of 2021. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Richie Capital Group, in their Q1 2021 investor letter, mentioned MarketAxess Holdings Inc. (NASDAQ: MKTX) and shared their insights on the company. MarketAxess Holdings Inc. is an New York-based financial services company that currently has a $20.5 billion market capitalization. Since the beginning of the year, MKTX delivered a -5.41% return, while its 12-month gains are up by 35.70%. As of April 13, 2021, the stock closed at $539.68 per share.

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