Dagens industri is introducing three new stocks to its small-cap portfolio, according to an analysis update released on Tuesday.
The first newcomer to the portfolio is the outdoor company Thule. The publication notes signs of improvement for the European consumer market and highlights Thule's upcoming capital markets day on November 20.
Continuing with the outdoor theme, the apparel company Revolution Race is also being added to the portfolio. The previous major shareholder, Altor, has now sold its stake, which could open the door for a higher valuation.
The third addition is Asker Healthcare, a serial acquirer in the medtech sector. While the valuation is not considered low, Dagens industri believes the stock remains reasonably priced.
The newspaper has decided to divest its holdings in the napkin company Duni and the consumer goods group Humble Group.
The star performer in the small-cap portfolio is Acast, which surged on the back of a strong third-quarter report. The stock has risen 83 percent since its inclusion in the portfolio. Dagens industri is now opting to take some profits and reduce its position. Holdings in the workwear company Alligo and the tech trading company OEM are also being trimmed to fund the new stock purchases.
