This Small-Cap Fund Just Bet $7 Million on Root’s Comeback

California-based Palisades Investment Partners disclosed a new position in Root (NASDAQ:ROOT) valued at $7.3 million as of September 30, according to an SEC filing released Thursday.On Thursday, Palisades Investment Partners reported a new stake in Root, acquiring 81,716 shares in the third quarter. The position, valued at $7.3 million as of September 30, was disclosed in a Form 13F filed with the U.S. Securities and Exchange Commission. The addition brings the fund’s total reportable U.S. equity holdings to 49 positions.This move marks a new position for the fund, with Root representing 2.9% of reportable assets under management as of September 30.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool