Do Hedge Funds Love Bazaarvoice Inc (BV)?

In addition, there lies a certain “tier” of hedge funds that slashed their full holdings by the end of the third quarter. Interestingly, Ken Griffin’s Citadel Investment Group sold off the biggest stake of the “upper crust” of funds tracked by Insider Monkey, worth about $0.2 million in stock, and Jacob Gottlieb’s Visium Asset Management was right behind this move, as the fund cut about $0.1 million worth of shares. These moves are interesting, as total hedge fund interest stayed the same (this is a bearish signal in our experience).

Let’s also examine hedge fund activity in other stocks similar to Bazaarvoice Inc (NASDAQ:BV). These stocks are Chase Corporation (NYSEMKT:CCF), BlackRock Debt Strategies Fund, Inc. (NYSE:DSU), TRC Companies, Inc. (NYSE:TRR), and MarineMax, Inc. (NYSE:HZO). All of these stocks’ market caps are similar to BV’s market cap.

As you can see these stocks had an average of 9 hedge funds with bullish positions and the average amount invested in these stocks was $47 million. That figure was $89 million in BV’s case. MarineMax, Inc. (NYSE:HZO) is the most popular stock in this table. On the other hand BlackRock Debt Strategies Fund, Inc. (NYSE:DSU) is the least popular one with only 5 bullish hedge fund positions. Bazaarvoice Inc (NASDAQ:BV) 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 HZO might be a better candidate to consider a long position.