Shares of Matrix Service Company (MTRX) have declined over 8% so far this year because investors are tying the construction and maintenance company to the troubled energy sector. Jay Kaplan, portfolio manager for the Royce Small-Cap Value Fund (RVVHX), said Matrix is not tightly correlated to the oil drillers and will bounce back once investors better understand that. “The Street really thinks it is just an oil and gas drilling company, so they trade it like an oil stock, but it is much more than that,” said Kaplan. “We think that when people see through that, or if energy prices go up, you won’t have a 10 multiple anymore.” The $516 million Royce Small-Cap Value Fund is up 4.7% thus far in 2016, according to fund-tracker Morningstar. Kaplan is also bullish on Moelis & Co. (MC), down 10% thus far in 2016, saying the boutique investment advisor may be seeing a slowdown in its M&A business, but it is seeing a big pick up in its turnaround division.