Datalink Corporation (DTLK) Hedge Funds Are Snapping Up

As aggregate interest increased, key money managers were leading the bulls’ herd. Glenn Russell Dubin of Highbridge Capital Management created the most valuable position in Datalink Corporation (NASDAQ:DTLK). Highbridge Capital Management had $0.4 million invested in the company at the end of the quarter. Chao Ku’s Nine Chapters Capital Management also initiated a $0.3 million position during the quarter.

Let’s now review hedge fund activity in other stocks similar to Datalink Corporation (NASDAQ:DTLK). We will take a look at Tandem Diabetes Care Inc (NASDAQ:TNDM), Enzo Biochem, Inc. (NYSE:ENZ), vTv Therapeutics Inc (NASDAQ:VTVT), and ImmunoGen, Inc. (NASDAQ:IMGN). This group of stocks’ market caps are similar to DTLK’s market cap.

As you can see these stocks had an average of 10 hedge funds with bullish positions and the average amount invested in these stocks was $23 million. That figure was $26 million in DTLK’s case. ImmunoGen, Inc. (NASDAQ:IMGN) is the most popular stock in this table. On the other hand vTv Therapeutics Inc (NASDAQ:VTVT) is the least popular one with only 3 bullish hedge fund positions. Datalink Corporation (NASDAQ:DTLK) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard IMGN might be a better candidate to consider taking a long position in.

Disclosure: None