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Fiduciary Management is Optimistic in Flowserve Corp. (FLS), Here's Why


Fiduciary Management is Optimistic in Flowserve Corp. (FLS), Here’s Why
Fiduciary Management Inc., an investment management firm, published its “Small Cap Equity” first quarter 2021 investor letter – a copy of which can be downloaded here. A return of 12.6% was reported by the FMI Small Cap portfolios for the Q1 of 2021, compared to 12.70% for the Russell 2000 Index and 21.17% for the Russell 2000 Value Index over the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Fiduciary Management, in their Q1 2021 investor letter, mentioned Flowserve Corporation (NYSE: FLS) and shared their insights on the company. Flowserve Corporation is an Irving, Texas-based machinery industry company that currently has a $5.1 billion market capitalization. Since the beginning of the year, FLS delivered a 7.71% return, extending its 12-month gains to 71.82%. As of April 15, 2021, the stock closed at $39.69 per share. ....

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