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Here’s Why United Bank (UBAB) Appreciated Despite Mixed Results

Merion Road Capital Management, an investment advisor, released its third-quarter 2024 investor letter. A copy of the letter can be downloaded here. In the third quarter, Merion Road Small Cap Fund returned +5.4% bringing the YTD returns to +11.2%. This compared to a +9.2% return for the Russell 2000 Index in the quarter and an +11.0% return in YTD. The long-only portfolio of Merion Road rose +5.1% during the quarter bringing the YTD returns to +20.5%. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2024.

Merion Road Capital Management highlighted...