In the Ariel Small Cap Value Strategy 2024 Q3, a position was initiated in WEX, Inc., a niche payment solutions provider for the fleet, travel, and healthcare benefits industries. The company’s unique offerings simplify, protect, and analyze various payment flows.
"We view this as an opportunity to own a market leader in attractive, recurring, and high margin niches, poised to benefit from growing payments outsourcing." — Ariel Small Cap Value Strategy 2024 Q3 Fund Letter
Read full letter at gurufocus Ariel Small Cap Value Strategy 2024 Q3 page.