Scout Investments, Inc., an affiliate of Carillon Tower Advisers, recently released its third-quarter 2025 investor letter for “Carillon Scout Mid Cap Fund”. A copy of the letter can be downloaded here. The Russell Midcap Index posted positive returns in the quarter, fueled by strong corporate earnings, the continued momentum in artificial intelligence (AI) infrastructure, and the anticipation of the U.S. Federal Reserve’s (Fed) interest rates. In addition, please check the fund’s top five holdings to know ...

Core Insights - The Meridian Small Cap Growth Fund reported a strong performance in Q3 2025, driven by gains in technology and falling bond yields, with U.S. small caps outperforming large caps [1] - The fund returned 4.20% (net) in Q3 2025, underperforming the Russell 2000 Growth Index, which returned 12.19% [1] Fund Performance - U.S. small caps gained 12.4% in Q3 2025, while large caps returned 5.3% [1] - Among small caps, value stocks returned 12.6%, slightly outperforming growth stocks at 12.2% [1] Company Focus: Kirby Corporation - Kirby Corporation (NYSE:KEX) is highlighted as a significant holding, being the largest inland marine transportation provider in the U.S. [3] - Kirby's one-month return was 6.77%, but it experienced a 6.26% decline over the last 52 weeks, closing at $113.44 per share with a market capitalization of $6.33 billion [2][3] Investment Rationale for Kirby Corporation - The company has a strong track record of profitability and consistent free cash flow, with a transportation network more than twice the size of its nearest competitor [3] - Despite recent challenges due to softened barge utilization and pricing pressures, the fund remains confident in Kirby's supply-demand dynamics and growth potential, leading to an increase in their position during the period [3] Hedge Fund Interest - Kirby Corporation was held by 46 hedge fund portfolios at the end of Q3 2025, an increase from 40 in the previous quarter [4] - While Kirby is recognized for its potential, the analysis suggests that certain AI stocks may offer greater upside potential with less downside risk [4]

Core Insights - Five stocks have been added to the Zacks Rank 1 (Strong Buy) List, indicating strong potential for investment Group 1: Company Performance - Commercial Metals (CMC) has seen a 12.5% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - California BanCorp (BCAL) has experienced a 6.3% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - FirstCash (FCFS) has reported a 5.7% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [3] - Phibro Animal Health (PAHC) has noted a 5.5% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [4] - Seanergy Maritime Holdings (SHIP) has recorded a 4.8% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [5]

Core Viewpoint - Safe Bulkers, Inc. is set to release its third-quarter financial results for the period ending September 30, 2025, after market close on November 25, 2025, followed by a conference call on November 26, 2025, at 10:00 A.M. Eastern Time [1][2]. Company Overview - Safe Bulkers, Inc. is an international provider of marine drybulk transportation services, specializing in transporting bulk cargoes such as coal, grain, and iron ore along global shipping routes for major users of these services [6]. - The company's common stock and preferred stocks are listed on the NYSE under the symbols "SB", "SB.PR.C", and "SB.PR.D" respectively [6]. Conference Call Details - The conference call will be hosted by the company's management team to discuss the financial results, with participants advised to dial in 10 minutes prior to the scheduled time using specific toll-free numbers [2][3]. - An alternative registration option is available for participants to join the call more quickly [4]. Webcast Information - A live and archived webcast of the conference call, along with accompanying slides, will be accessible through the company's website [5]. Participants are encouraged to register approximately 10 minutes before the webcast starts [5].

Core Insights - Three undervalued marine shipping stocks, BW LPG Ltd., Diana Shipping Inc., and Matson Inc., have surged in value rankings, indicating new investor interest and a dynamic market landscape [1][2]. Company Summaries - **BW LPG Ltd. (NYSE:BWLP)**: The stock's value score increased from 88.36 to 91.05, a gain of 2.69 points, placing it in the top decile for value. Year-to-date, the stock is up 9.40% but down 13.65% over the past year. It shows a weaker price trend in the short and medium terms but a stronger long-term trend [8]. - **Diana Shipping Inc. (NYSE:DSX)**: The value score rose from 89.39 to 90.70, gaining 1.31 points week-on-week. The stock is down 14.29% year-to-date and 30.58% over the year. It has a stronger medium-term price trend but weaker long-term performance [8]. - **Matson Inc. (NYSE:MATX)**: The value score increased from 89.41 to 90.33, marking a gain of 0.92 points. The stock is down 29.28% year-to-date and 27.41% over the past year, with weaker price trends across all time frames but a robust quality ranking [8]. Valuation Insights - The percentile-based valuation analysis indicates that BW LPG, Diana Shipping, and Matson have entered the top 10th percentile of stocks, reflecting significant improvements in their value scores week-on-week [2][6]. - The Benzinga Stock Edge Rankings' value percentile ranking evaluates stocks based on their relative price against core fundamentals, making it a useful tool for identifying undervalued opportunities in the market [6].

Core Insights - Palm Valley Capital Fund reported a 2.35% appreciation in Q3 2025, underperforming the S&P SmallCap 600's 9.11% gain and the Morningstar Small Cap Total Return Index's 7.99% rise [1] - The Fund's cash equivalents increased from 73.5% to 74.1% during the quarter, indicating a cautious investment strategy [1] - Small-cap stocks outperformed large caps due to expectations of Federal Reserve easing and reduced tariff concerns impacting corporate profits [1] Company Analysis: Seaboard Corporation (AMEX:SEB) - Seaboard Corporation's stock experienced a one-month return of -8.82% but gained 13.90% over the past 52 weeks, closing at $3,536.60 with a market capitalization of $3.392 billion on October 7, 2025 [2] - The Fund sold its investment in Seaboard Corporation during Q3 2025, having acquired it at a significant discount to tangible book value, which increased to nearly 50% in early 2025 [3] - Seaboard operates in cyclical industries, showing volatility in operating results, yet has consistently generated profits across various business cycles [3] - The company is actively modernizing and expanding its infrastructure, utilizing cash flows for aggressive investments [3] Investment Sentiment - Seaboard Corporation is not among the top 30 most popular stocks among hedge funds, with 19 hedge fund portfolios holding it at the end of Q2 2025, a slight decrease from 20 in the previous quarter [4] - While Seaboard is recognized for its potential, the analysis suggests that certain AI stocks may offer better upside potential with lower downside risk [4]

Core Viewpoint - Safe Bulkers, Inc. has announced the sale of MV Pedhoulas Leader for a gross price of $12.5 million as part of its fleet renewal strategy, with delivery scheduled between August and October 2025 [1][2]. Company Overview - Safe Bulkers, Inc. is an international provider of marine drybulk transportation services, specializing in transporting bulk cargoes such as coal, grain, and iron ore along global shipping routes [2]. Fleet Renewal Strategy - The company has sold one of its oldest vessels, achieving the targeted sale price, and has six modern energy-efficient vessels on order, with four expected to be delivered by 2026 [2].

Core Viewpoint - Teekay Corporation Ltd. and Teekay Tankers Ltd. are set to release their financial results for the second quarter of 2025 on July 30, 2025, followed by a conference call on July 31, 2025, to discuss these results [1][2]. Company Overview - Teekay is a prominent provider of international crude oil marine transportation and marine services, operating through its controlling interest in Teekay Tankers Ltd., which manages approximately 58 conventional tankers and other marine assets [3]. - Teekay Tankers operates a fleet of 37 double-hull tankers, including 21 Suezmax and 16 Aframax/LR2 tankers, and also manages vessels for the Australian Government and energy companies [5]. Financial Communication - The Teekay Group will host a conference call on July 31, 2025, at 11:00 a.m. (ET) to discuss the second quarter 2025 results, with an accompanying earnings presentation available on their website [2]. - Teekay's common shares trade on the New York Stock Exchange under the symbol "TK," while Teekay Tankers' Class A common shares trade under the symbol "TNK" [4][6].

Core Points - Safe Bulkers, Inc. is hosting a special ceremony at the New York Stock Exchange to honor the Republic of Cyprus as a global business destination [1][2] - The event marks the ten-year anniversary of Safe Bulkers' operations in Cyprus and highlights the country's attractiveness as a business hub in the Eastern Mediterranean [2][3] - The ceremony includes the participation of prominent figures such as the President of Cyprus and members of the business community, emphasizing the company's successful journey on the NYSE since 2008 [2][3] Company Overview - Safe Bulkers, Inc. is an international provider of marine dry-bulk transportation services, specializing in transporting bulk cargoes like grain, coal, and iron ore [5] - The company's common stock and preferred stocks are listed on the NYSE under the symbols "SB", "SB.PR.C", and "SB.PR.D" [5] Event Details - The event is part of the 3rd Capital Link Cyprus Business Forum, which aims to foster dialogue on Cyprus's business and investment landscape [3] - Safe Bulkers is a grand sponsor of the forum and is hosting a dinner reception in honor of the President of Cyprus [4]

Core Viewpoint - Teekay Corporation Ltd. and Teekay Tankers Ltd. have released their Annual Reports for the fiscal year ended December 31, 2024, which are available for public access [1][2]. Company Overview - Teekay is a prominent provider of international crude oil marine transportation and marine services, operating through its controlling interest in Teekay Tankers Ltd. [2] - Teekay Tankers manages approximately 60 conventional tankers and other marine assets, including vessels for the Australian government, with a workforce of around 2,300 employees across eight countries [2]. Fleet and Operations - Teekay Tankers operates a fleet of 37 double-hull tankers, including 22 Suezmax and 15 Aframax/LR2 tankers, along with five time-chartered-in tankers [4]. - The vessels are employed through a combination of spot market trading and short- to medium-term fixed-rate time charter contracts [4]. - Teekay Tankers also owns a Very Large Crude Carrier (VLCC) through a joint venture and manages vessels for the Australian government and energy companies [4]. Stock Information - Teekay's common shares are traded on the New York Stock Exchange under the symbol "TK," while Teekay Tankers' Class A common shares trade under the symbol "TNK" [3][5].