Should You Invest in Viemed Healthcare (VMD)?

Investment management company Cove Street Capital recently released its “Small Cap Value Fund” fourth quarter 2022 investor letter. A copy of the same can be downloaded here. In the fourth quarter, the fund returned 7.82% compared to 6.23% for the Russell 2000 Index and 8.42% for the Russell 2000 Value Index. In 2022, the fund returned -10.34% compared to -20.44% decline for the Russell 2000 Index and -14.48% decline for the Russell 2000 Value Index. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.

Cove Street Capital highlighted stocks like Viemed Healthcare, Inc. (NASDAQ:VMD) in its Q4 2022 investor letter. Headquartered in Lafayette, Louisiana, Viemed Healthcare, Inc. (NASDAQ:VMD) is a US-based healthcare company that provides respiratory disease management solutions. On January 11, 2023, Viemed Healthcare, Inc. (NASDAQ:VMD) stock closed at $7.68 per share. One-month return of Viemed Healthcare, Inc. (NASDAQ:VMD) was 7.11%, and its shares gained 46.01% of their value over the last 52 weeks. Viemed Healthcare, Inc. (NASDAQ:VMD) has a market capitalization of $291.994 million.

Cove Street Capital made the following comment about Viemed Healthcare, Inc. (NASDAQ:VMD) in its Q4 2022 investor letter:

“The pre-identified risk in Viemed Healthcare, Inc. (NASDAQ:VMD) was always noted as a “government regulation and pricing risk.” While the company’s core offerings enable an efficient, at-home service to increasingly ill patients that enables breathing and allows them to avoid visits to the ER, that is not a view shared by some parts of the US government bureaucracy known as Centers for Medicare & Medicaid Services (CMS). Fortunately, the CMS overhang has largely been put behind them, and VMD has continued adding patients at a healthy growth rate. The stock price is moving upward in line with the growth of the business.”

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Viemed Healthcare, Inc. (NASDAQ:VMD) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 13 hedge fund portfolios held Viemed Healthcare, Inc. (NASDAQ:VMD) at the end of the third quarter, which was 13 in the previous quarter.

We discussed Viemed Healthcare, Inc. (NASDAQ:VMD) in another article and shared the list of stocks to buy under $15 according to Canadian billionaire Prem Watsa. In addition, please check out our hedge fund investor letters Q4 2022 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.