Ariel Appreciation Fund (CAAPX)
Ariel Appreciation Fund operates in the Asset Management industry of the Financial Services sector, headquartered in Chicago, IL, US. The stock last traded at $47.04, up 0.88% on the session, giving a market capitalisation of $993.1M. On trailing twelve-month figures it carries a trailing P/E of 4.81, a net margin of 1338.8%. Its beta of 1.02 implies it has historically moved more than the broad market.
The Ariel Appreciation Fund primarily allocates its capital to mid-capitalization companies deemed undervalued but possessing robust growth potential. Its portfolio predominantly consists of shares in American firms whose market capitalization falls within the typical range of constituents of the Russell Midcap® Index, as assessed at the moment of the initial investment. The investment approach employed by the fund is grounded in the Adviser's contrarian philosophy, a method underpinned by three core, interconnected principles: patience, focus, and independent thinking.
Ariel Appreciation Fund is most often compared with the following Financial Services names: